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Market Research Report
Product code 
965161

OUTDOOR FURNITURE MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Published: | Mordor Intelligence Pvt Ltd | 120 Pages | Delivery time: 2-3 business days

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OUTDOOR FURNITURE MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)
Published: January 17, 2022
Mordor Intelligence Pvt Ltd
Content info: 120 Pages
Delivery time: 2-3 business days
  • Description
  • Table of Contents

Globally, consumer spending and traveling by tourists have increased. These trends are mainly observed in seaside areas, hill stations, scenic beauty places, and historical monuments, which in turn, leading to the increasing number of hotels, resorts, open spaces, and public gardens. Thus, the increasing number of hotels and restaurants may drive the outdoor furniture market during the forecast period. The rising financial ability to spend on leisure and experiences is increasing 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. The 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 that are considered while selecting outdoor furniture. The majority of the manufacturers are turning their interest in crafting eco-friendly fixtures. Additionally, 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 the higher profitability achieved from these sectors.

Key Market Trends

The Residential End-user Segment is Accounting for the Major Market Share

The residential sector dominated the application segment of the market studied and accounted for more than half of the total share of the market. 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.

Asia-Pacific is the Fastest Growing Region

The Asia-Pacific outdoor furniture market is anticipated to witness a healthy growth rate, in terms of volume, during 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 in the region. With the growing tourist activity, the sales of outdoor furniture are rising in the region, helping in increasing the market share commercial segment of the market.

Competitive Landscape

The report covers major international players operating in the outdoor furniture market. In terms of market share, few of the major players currently dominate the market. The global industry share is highly 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 capture a competitive share in the market.

Additional Benefits:

  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support
Product Code: 66412

TABLE OF CONTENTS

1 INTRODUCTION

  • 1.1 Study Deliverables
  • 1.2 Scope of the Study

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET INSIGHTS AND DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Market Opportunities
  • 4.5 Value Chain Analysis
  • 4.6 Porter's Five Forces Analysis
  • 4.7 Technological Innovations in the Industry
  • 4.8 Impact of COVID-19 on the Market

5 MARKET SEGMENTATION

  • 5.1 By Product
    • 5.1.1 Chairs
    • 5.1.2 Tables
    • 5.1.3 Seating Sets
    • 5.1.4 Loungers and Daybeds
    • 5.1.5 Dining Sets
  • 5.2 By End User
    • 5.2.1 Residential
    • 5.2.2 Commercial
  • 5.3 By Distribution Channels
    • 5.3.1 Home Centers
    • 5.3.2 Flagship Stores
    • 5.3.3 Specialty Stores
    • 5.3.4 Online
    • 5.3.5 Other Distribution Channels
  • 5.4 By Geography
    • 5.4.1 North America
    • 5.4.2 South America
    • 5.4.3 Europe
    • 5.4.4 Asia-Pacific
    • 5.4.5 Middle East and North Africa

6 COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 Ashley Furniture Industries Inc.
    • 6.1.2 Inter IKEA Group
    • 6.1.3 Century Furniture
    • 6.1.4 Agio International Company Limited
    • 6.1.5 Brown Jordan
    • 6.1.6 Barbeques Galore
    • 6.1.7 Keter Group
    • 6.1.8 Lloyd Flanders
    • 6.1.9 Homecrest Outdoor Living LLC
    • 6.1.10 Adams Manufacturing
    • 6.1.11 Other Companies*

7 FUTURE OF THE MARKET

8 APPENDIX