Global Outdoor Furniture Market Size is estimated to expand rapidly in coming years, at a CAGR of 5.25 % from 2018 to 2025. In 2017, the global market valuation was USD 2.5 billion, and it is anticipated to be greater than USD xx.xx billion by 2025. In recent years, the international industry for outdoor furniture has witnessed considerable development. There has been an enhanced amount of visitors worldwide, with the increase in consumption and travel patterns. These variables are noted primarily at tourist sites, mountain stations and thus the number of restaurants, villas, accessible areas and public garden areas is increasing. Thus the outdoor furniture industry should be promoted by an increasing amount of hotels and restaurants.
Moreover, the increased economic ability for recreation spending induces the customer to invest more in housing indoor furniture. Several homeowners are working with the esthetically attractive living fields to improve their image in the garden or balcony. The main items that generate significant income in indoor furnishings industry include lounge seats, dining stations and benches.
Global Market Growth Opportunities (Revenue, Growth) By 2018-2025
This global market study report analysis offers in-depth insights, revenue details, and other vital information regarding the global outdoor furniture market, and the various trends, drivers, restraints, opportunities, and threats in the target market till 2025. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global outdoor furniture market report has been segmented on the basis of type, application, and region. It includes the estimation of the market size, in terms of value, with respect to 4 main geographies, namely, North America, Europe, APAC, and RoW.
By Product Type Insights: On the basis of product type, the global outdoor furniture market has been segmented into chairs, tables, seating sets, dining sets, loungers & daybeds, and others. Among which seating sets segment has accounted for largest share in the global market of outdoor furniture. This increasing growth is ascribed to the increasing demand of seating sets in residential and commercial spaces, including restaurants, resorts, and hotels. The accessibility of several models, including parking capabilities and material kinds used, supports the development of the section. In order to improve the general appeals of the item, industry respondents are involved in integrating sophisticated technology into their products.
By End User Insights: On the basis of end-user, global outdoor furniture market has been segmented into residential, commercial, and others. Among which residential segment has accounted for largest share in the global market of outdoor furniture. The tendency in residential gardens to meet and dinner families will boost market growth. Outdoor furniture sector development is strongly supported by the aging population, the elevated disposable income and their desire to invest in luxury furniture for improved lifestyles. Moreover, the increasing tendency towards socialization and socialization among individuals of all sexes stimulates supply for farm goods and outdoor furnishings in the housing industry.
The outdoor furniture market is divided into regions that are North America - U.S, Canada, Other; Asia-Pacific -India, Japan, China, Australia, Other; Europe - UK, Russia, France, Brazil, Other; Middle East and Africa. Every region analysis details in sense of growth, revenue, volume, challenges, and opportunities with the regional and global key players.
In 2018, the North American market was the biggest, with the highest development level anticipated in the forecast period. The region is the major supplier of outside furniture, which boosts the existence of the region. Innovations of IKEA Systems B.V in the industry, as well as the readiness of the consumer to invest in the item, such as Brown Jordan, Agio International Corporation, LTD and Inter, are the main contributors to market growth in the region. In the forecast period, Asia-Pacific is the fastest-growing region of the industry. Significant variables influencing market growth in the region are developing nations such as India and China, and growing tourism in nations like Singapore, Malaysia, and Thailand. Thailand and Singapore, which has mainly pushed supply, are among the most popular visitor spots.
Global Outdoor Furniture Market Size, Share Analysis by Region 2018
Global Outdoor Furniture Market Study Objective
1. To forecast the market size of outdoor furniture market, along with describing and defining the market, in terms of volume and revenue as well as market opportunities for stakeholders, in order to provide a competitive landscape for global market players.
2. Market analysis and forecast of outdoor furniture market on the basis of region, substrate, and application or end-use industry. To profile major market players, and to analyze their market shares and essential competencies comprehensively.
3. To analyze and elaborate significant factors that will have a major impact on the growth of outdoor furniture market, such as drivers, restraints, challenges, and opportunities.
4. The regional analysis of outdoor furniture market, to induce market size of five global major regions, which include, Europe, North America, South America, Middle East & Africa, and the Asia Pacific.
5. Strategic analysis of micro-markets, in terms of individual prospects, opportunities, growth trends and their involvement in the overall market.
6. To provide detailed analysis of competitive and strategic developments in the outdoor furniture market like a new product launch, partnership & agreement, investment & expansion, and company merger & acquisitions.
Key Players Landscape
Agio International Co., Inc., Ashley Furniture Industries, Inc., Brown Jordan International, Inc., Century Furniture LLC, Inter Ikea Systems B.V., Kimball International, Inc., La-Z-Boy Incorporated, Steelcase Inc., Herman Miller Inc., and HNI Corporation are some of the key players in the market of outdoor furniture. The outdoor furniture worldwide industry is very diverse and flexible. To place themselves as power-efficient and environmentally friendly shops, the manufacturers of retail furniture and hand-crafted furnishings on the industry are increasingly concentrated.
Global Outdoor Furniture Market Study Report Offer You!
The global outdoor furniture market study report gives an idea about market size, share, stock, equity, investment and total price analysis. Also, the report provides comprehensively industry insights with all major factors such as market credit, allocation, demand, distribution, market scope, key players, end-user & applications, provisions, livestock, commodities and industry economics analysis, future growth & forecast. The global market report includes all depth data like pre-market emphasis, market survey, market investment, industry advice, portfolio, finance, access, trade, market exploration, industry review and market predication & projection to develop effective strategies for optimizing their market position.
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