Global Outdoor Furniture Market Size To Expand At A CAGR Of 5.6% Over Forecast Period 2016-2024

Global Outdoor Furniture Market is Majorly Driven by The Growth of Food and Beverage Industry Across the Globe

Global Outdoor Furniture market is expected to expand at a compound annual growth rate (CAGR) of 5.6% over the forecast period i.e. 2016-2024.The Outdoor Furniture market growth is majorly attributed to the rising number of luxury housing and hotel chains across the globe.

Market Landscape

In 2016, overall outdoor furniture market was dominated by the residential market, which accounted for more than 85% of total outdoor furniture and accessories. Appealing designs and novel technologies to build outdoor furniture has also attracted the new consumer base, which is the key factor determining the sales of the new outdoor furniture market. The improved focus on high-quality outdoor furniture has also heightened the selections and combinations of outdoor fabrics that homeowners and designers are using. Additionally, home size is an imperative indicator of which sets consumers are most probable to purchase. For instance, the size if the U.S residency has declined from 2,400 sq.ft. in 20118 to 2,200 sq.ft. in 2015. As a result, this influences the types of patio sets customers are buying. As living spaces become smaller, smaller sets with price labels in between USD 399 and USD 799 will continue to rise in popularity.

Global Outdoor Furniture Market report covers the present ground scenario and future opportunity prospects for the market players to analyze the target markets across the globe. Moreover, the competitive analysis includes the in-depth analysis of the major players and leaders in the outdoor furniture industry. The market study conducted on the basis of primary as well as secondary research where the analysts fragment the data from various databases such as Bloomberg, Factiva, Owler, and others. Our primary research team conducted various interviews, surveys and group discussions of industry professionals, Outdoor Furniture manufacturers, aftermarket vendors and component suppliers to analyze the future prospects of the overall outdoor furniture industry.

Global Outdoor Furniture Market Segmentation can be classified on the basis of:-

By Product Type

  • Outdoor Seating
  • Day Beds and Sun lounges
  • Tables
  • Decorative and Leisure Furniture

By Material Type

  • Wood
  • Plastic
  • Metal
  • Other (Leather etc.)

By End Users

  • Residential Sector
  • Commercial Sector

By Distribution Channels

  • Online Distribution Channel
  • Offline Distribution Channel

By Geography

  • North America (US, Canada) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Europe (UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Middle East and Africa (GCC Countries, North Africa, South Africa and Rest of Middle East & Africa) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Latin America (Brazil, Mexico and Rest of Latin America) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}
  • Asia Pacific (China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific) {Market Share (%), Market Size (USD Billion), Sales (Million Units)}

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Market Trends, Drivers, and Challenges

Fresh trends show that outdoor furniture market is fast-tracking owing to the factors such as demand for reprocessed plastic lumber popularity which is commonly known as Envirowood. Outdoor furniture market is also profited by the government funding to open more leisure and green spaces such as gardens, sports area among other where people can relax. For instance, around 58% of the total inhabitants of the United Kingdom claim to make leisure visit every week. Growing number of visitors to these parks and leisure spaces are expected to propel the growth of outdoor furniture market. Further, expanding expenditures over the purchase of luxury housing and real estate properties will also aid the progress of outside furniture market. Over the next five years, demand for purchasing luxury housing properties is expected to reach 20%, by the wealthy population across the globe.

“Global Outdoor Furniture Market Report” has been prepared based on an in-depth market analysis from industry experts. The report covers the competitive landscape and current position of major players in the market space. The report also includes Porter’s five force model, SWOT analysis, company profiling, business strategies of market players and their business models. Global Outdoor Furniture market report also recognizes value chain analysis to understand the cost differentiation to provide the competitive advantage to the existing and new entry players. 

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