OUTDOOR FURNITURE MARKET - GROWTH, TRENDS, AND FORECAST (2019-2024)

The Market is segmented by Material, By Product, By End-User, and by Geography.

Market Snapshot

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Study Period:

2015-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

North America

CAGR:

The market is expected to grow at a CAGR of 5% in the forecast period.

Key Players:

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Market Overview

Improved consumer spending and traveling occurred in an increased number of tourists globally. These trends are mainly observed in seaside areas, hill stations, scenic beauty places and historical monuments, which in turn leading to increasing counts of hotels, resorts, open spaces, and public gardens. So, a growing number of hotels and restaurant will drive the outdoor furniture market demand. 

  • Increasing financial ability to spend on leisure and experiences is pushing consumer spending on outdoor furniture in the residential sector. Several homeowners are focusing on enhancing the garden and balcony appearance with the delightful appealing sitting areas.
  • Choice of furniture is highly dependent upon the external climatic conditions. Good weather resistance, crack proofing, insect resistance, and superior tensile strength are among the key factors making it an ideal choice for outdoor furniture.
  • The majority of the manufacturers are turning their interest in crafting eco-friendly fixtures.  Also, an enhancing outer appearance to signify matching architectural themes and style of living spaces and backyards of houses plays a major role in the purchase decision.
  • Manufacturing companies are focusing on beach resorts and hotels owing to higher profitability achieved from these sectors. Economical tourism and potential locations providing high growth opportunities.

Scope of the Report

A complete background analysis of the Global Outdoor Furniture Market, including the assessment of the economy and contribution of the sectors in the economy, market overview, market size estimation for key segments and emerging trends in the market segments, market dynamics and insights, along with key statistics, is covered in the report.

By Material
Metal
Plastic
Wood
By Product
Chairs
Tables
Seating Sets
Loungers & Daybeds
Dining Sets
By End User
Residential
Commercial
Geography
North America
South America
Asia-Pacific
Middle East & Africa
Europe

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Key Market Trends

Residential End-User Segment is Accounting for Major Market Share

Residential sector dominated the outdoor furniture market application segment and accounted for over 60% share in 2017. The increasing usage of garden furniture for decor and aesthetics coupled with the increasing household sales is supporting the segment growth over the forecast period. Outdoor furniture is used in backyards, lawns, balconies, and rooftop gardens for enhancing the overall household appeal and facilitating seating purposes.

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Asia-Pacific is Fastest Growing Region

Asia Pacific outdoor furniture market is anticipated to witness a healthy growth rate in terms of volume in the forecast period. International tourism is gaining strong attention in countries including China, Malaysia, South Korea, Singapore, and India. Thailand is among the most attractive tourism countries along with Singapore and China, which is mainly driven demand for the garden lounges, chairs, table sets, and other furnishing products. In 2016, Thailand travel and tourism noted over 32.6 million international arrivals.

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Competitive Landscape

The report covers major international players operating in the Global Outdoor Furniture Market. In terms of market share, few of the major players currently dominate the market. The global industry share is extremely fragmented with a large presence of industry players at the global and regional level. The manufacturers are involved in developing their supply chain network to profit from being customer friendly to capture a larger industry share to gain competitive share.

Major Players

  1. IKEA
  2. Century Furniture
  3. Agio International Company Limited
  4. Brown Jordan International
  5. Barbeques Galore

* Complete list of players covered available in the table of contents below

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Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Key Deliverables of the Study

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Opportunities

    5. 4.5 Challenges

    6. 4.6 Trends Influencing the Global Outdoor Furniture Market

    7. 4.7 Value Chain Analysis of the Global Outdoor Furniture Market

    8. 4.8 Porter's Five Forces Analysis

    9. 4.9 Technological Innovations

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Material

      1. 5.1.1 Metal

      2. 5.1.2 Plastic

      3. 5.1.3 Wood

    2. 5.2 By Product

      1. 5.2.1 Chairs

      2. 5.2.2 Tables

      3. 5.2.3 Seating Sets

      4. 5.2.4 Loungers & Daybeds

      5. 5.2.5 Dining Sets

    3. 5.3 By End User

      1. 5.3.1 Residential

      2. 5.3.2 Commercial

    4. 5.4 Geography

      1. 5.4.1 North America

      2. 5.4.2 South America

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 Middle East & Africa

      5. 5.4.5 Europe

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Company Profiles

      1. 6.1.1 Ashley Furniture Industries, Inc.

      2. 6.1.2 IKEA

      3. 6.1.3 Century Furniture

      4. 6.1.4 Agio International Company Limited

      5. 6.1.5 Brown Jordan

      6. 6.1.6 Barbeques Galore

      7. 6.1.7 Keter Group

      8. 6.1.8 Lloyd Flanders

      9. 6.1.9 Homecrest Outdoor Living, LLC

      10. 6.1.10 Adams Manufacturing

    2. *List Not Exhaustive
  7. 7. INVESTMENT ANALYSIS ON THE GLOBAL OUTDOOR FURNITURE MARKET

  8. 8. MARKET OPPORTUNITIES AND FUTURE TRENDS

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