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978930

Asia Pacific Outdoor Furniture Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material ; Product ; and End User (Residential, and Commercial

Published: | The Insight Partners | 126 Pages | Delivery time: 1-2 business days

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Asia Pacific Outdoor Furniture Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material ; Product ; and End User (Residential, and Commercial
Published: October 16, 2020
The Insight Partners
Content info: 126 Pages
Delivery time: 1-2 business days
  • Description
  • Table of Contents
  • List of Tables

The Asia Pacific outdoor furniture market was valued at US$ 4,137.69 Million in 2018, and it is expected to grow at a CAGR of 4.9% during 2019-2027, to reach US$ 6,383.64 Million by 2027.

Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, hammocks, and others are quite popular among both the residential and commercial customers. The outdoor furniture market on a wide scale has been witnessing substantial growth in the recent past. Factors including the rise in consumer spending & traveling trends resulted in a rise in the number of tourists across the world. These factors are mostly observed in tourist spots, beach sides, and hill stations, thereby leading to multiplying counts of motels, hotels, guest houses, resorts, open spaces, and public gardens. The rise in focus towards attractive garden and lounge areas has perpetually driven the demand for aesthetic items such as chairs, tables, and other accessories. It is expected to have a positive impact upon market growth. The shift in consumer spending towards better living backed by rise in per capita and disposable income has augmented the growth of outdoor furniture market. Furthermore, renovations in old residential building along with new constructions have also channelized the demand for the better outdoor furniture facilities such as table, chairs or combination sets. In current era, consumers are looking out for outdoor furniture which offers the same level of comfort as that provided by the indoor furniture which has proliferated the demand for seating sets in the Asia Pacific outdoor garden furniture market. In addition to this, the usage of wood in production of outdoor garden furniture has also gained prominence with the growing focus over sustainability as well as aesthetic appearance.

Based on material, the Asia Pacific outdoor furniture market has been segmented into wood, metal, plastics and others. In 2018, the wood segment dominated the market, and the market for the plastic is projected to grow at the highest CAGR during the forecast period. The growth of the plastic segment is primarily attributed to the fact that plastic are wide range of synthetic or semi-synthetic organic compounds that are malleable and so can also be molded into solid objects. Plastics are basically organic polymers with high molecular mass and often contain other substances as well. They are primarily synthetic, and most commonly derived from petrochemicals. However, arrays of variants are prepared from renewable materials, including polylactic acid from corn or cellulosic from cotton linters. In developed economies, approximately a third of plastic is utilized in packaging and roughly the same in buildings in applications, including piping, plumbing, or vinyl siding. Other uses include automobiles (up to 20% plastic), furniture, and toys. Low-density polyethylene (LDPE) is mainly used to prepare outdoor furniture, siding, floor tiles, shower curtains, and clamshell packaging.

Asia Pacific includes developed economies such as the China, japan, India, Australia, South Korea, Rest of APAC as a developing nation. The companies involved in the production of outdoor furniture are continuously enhancing the overall business processes to meet the customers demand in the best possible way. Several domestic and international companies have a strong foothold in Asia Pacific. In the region, the China is a major market for outdoor furniture, followed by India and rest of Asia Pacific, respectively. The demand for outdoor furniture in Asia Pacific has surged owing to the adoption of better standards of living along with higher income level in the western parts. An upsurge in the demand for outdoor gardening and outdoor & rooftop seating has created a fruitful growth of the market in the Asia Pacific region. Rising disposable income, urbanization, and better lifestyles, further boosting the market. The high purchasing power of the consumers results in rising demand for outdoor furniture. The manufactured outdoor furnitures are marketed all across Asia Pacific. The Asia Pacific manufacturers at the nascent stage exported to other parts of the world. Besides this, the growing application of outdoor furnitures in residential and commercial applications also supports the market for outdoor furniture in the Asia Pacific region.

Agio International Company Ltd., Ashley Home Stores, Ltd., Barbeques Galore, Brown Jordan, Century Furniture LLC, Inter Ikea Systems B.V. and Keter Group are among the major players operating in the Asia Pacific outdoor furniture market.

The COVID-19 pandemic first began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe. As of August 2020, USA, Brazil, India, Russia, South Africa, Mexico, Spain and UK are among the worst-affected countries in terms confirmed cases and reported deaths. The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdowns of consumer goods industry and disruptions in supply chains due to lockdown of countries has created a strain on the supplies of the various products offered by this industry. India has the highest number of confirmed cases of COVID-19 infection among all Asia Pacific countries. The government of Asia Pacific is taking possible steps to reduce its effects by announcing lockdown, and thus, impact the revenue generated by the market. The Airports Council International (ACI) Asia-Pacific warned that the prolonged duration of the COVID-19 would drastically impact the region's airports' connectivity and economic sustainability, significantly restricting them from achieving previously forecasted growth prospects. Such closures are anticipated to negatively impact market growth in the coming period. Till now, India has the highest number of COVID -19 confirmed cases.

The overall Asia Pacific outdoor furniture market size has been derived in accordance to both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. The participants who typically involved in the process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Asia Pacific outdoor furniture market.

Reasons to Buy:

Highlights key business priorities in order to assist companies to realign their business strategies.

The key findings and recommendations highlight crucial progressive industry trends in the Asia Pacific Outdoor Furniture market, thereby allowing players to develop effective long term strategies.

Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.

Scrutinize in-depth the market trends and outlook coupled with the factors driving the market, as well as those hindering it.

Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.

Product Code: TIPRE00015415

Table Of Contents

1. Introduction

  • 1.1 Scope of the Study
  • 1.2 The Insight Partners Research Report Guidance
  • 1.3 Market Segmentation
    • 1.3.1 Asia Pacific Outdoor furniture Market - By Material
    • 1.3.2 Asia Pacific Outdoor furniture Market - Product
    • 1.3.3 Asia Pacific Outdoor furniture Market - By End User
    • 1.3.4 Asia Pacific Outdoor furniture Market - By Country

2. Key Takeaways

3. Research Methodology

  • 3.1 Research Methodology
    • 3.1.1 Data Collection:
    • 3.1.2 Primary Interviews:
    • 3.1.3 Hypothesis formulation:
    • 3.1.4 Macro-Economic Factor Analysis:
    • 3.1.5 Developing Base Number:
    • 3.1.6 Data Triangulation:
    • 3.1.7 Country level data:

4. Outdoor furniture Market Landscape

  • 4.1 Market Overview
    • 4.1.1 Asia Pacific PEST Analysis

5. Asia Pacific Outdoor furniture Market - Key Industry Dynamics

  • 5.1 Key Market Drivers
    • 5.1.1 Rising Trend Towards Travelling And Shift In Lifestyle
    • 5.1.2 Growing Preference for Aesthetic Furniture
  • 5.2 Key Market Restraints
    • 5.2.1 High Cost Along With Long Replacement Cycle May Impede Market Growth
  • 5.3 Key Market Opportunities:
    • 5.3.1 Rise in use of Multipurpose Outdoor Furniture
  • 5.4 Key Trends:
    • 5.4.1 Adoption of Eco-Friendly Materials
  • 5.5 Impact Analysis of Drivers and Restraints

6. Outdoor Furniture- Asia Pacific Market Analysis

  • 6.1 Asia Pacific Outdoor Furniture Market Overview
  • 6.2 Asia Pacific outdoor furniture Market Forecast and Analysis

7. Asia Pacific Outdoor Furniture Market Analysis - By Material

  • 7.1 Overview
  • 7.2 Outdoor Furniture Market Breakdown, By Material, 2018 & 2027
  • 7.3 Metal
    • 7.3.1 Overview
    • 7.3.2 Metal: Asia Pacific Outdoor Furniture Market, Revenue Forecast to 2027 (US$ Mn)
  • 7.4 Plastic
    • 7.4.1 Overview
    • 7.4.2 Plastic: Asia Pacific Outdoor Furniture Market, Revenue Forecast to 2027 (US$ Mn)
  • 7.5 Wood
    • 7.5.1 Overview
    • 7.5.2 Wood: Asia Pacific Outdoor Furniture Market, Revenue Forecast to 2027 (US$ Mn)
  • 7.6 Others
    • 7.6.1 Overview
    • 7.6.2 Others: Asia Pacific Outdoor Furniture Market, Revenue Forecast to 2027 (US$ Mn)

8. Asia Pacific Outdoor furniture Market Analysis - By Product

  • 8.1 Overview
  • 8.2 Asia Pacific Outdoor Market, By Product (2018 and 2027)
  • 8.3 Chairs
    • 8.3.1 Overview
    • 8.3.2 Chairs: Asia Pacific Outdoor Furniture Market, Revenue Forecast to 2027 (US$ Mn)
  • 8.4 Tables
    • 8.4.1 Overview
    • 8.4.2 Tables: Asia Pacific Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
  • 8.5 Seating Seats
    • 8.5.1 Overview
    • 8.5.2 Seating Seats: Asia Pacific Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
  • 8.6 Loungers and Daybeds
    • 8.6.1 Overview
    • 8.6.2 Loungers and Daybeds: Asia Pacific Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
  • 8.7 Dining Sets
    • 8.7.1 Overview
    • 8.7.2 Dining Sets: Asia Pacific Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)

9. Asia Pacific Outdoor furniture Market Analysis - By End User

  • 9.1 Overview
  • 9.2 Asia Pacific Outdoor Furniture Market, By End User (2018 and 2027)
  • 9.3 Residential
    • 9.3.1 Overview
    • 9.3.2 Residential: Asia Pacific Outdoor Furniture Market Revenue and Forecast, to 2027 (US$ Mn)
  • 9.4 Commercial
    • 9.4.1 Overview
    • 9.4.2 Commercial: Asia Pacific Outdoor Furniture Market Revenue and Forecast, to 2027 (US$ Mn)

10. Asia Pacific Outdoor furniture Market - Country Analysis

  • 10.1 Overview
    • 10.1.1 Asia Pacific: Outdoor Furniture Market - Revenue and Forecast to 2027(US$ Mn)
    • 10.1.2 Asia Pacific: Outdoor Furniture Market, by Key Country
      • 10.1.2.1 Australia: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.1.1 Australia: Outdoor furniture Market, by Material
        • 10.1.2.1.2 Australia: Outdoor furniture Market, by Product
        • 10.1.2.1.3 Australia: Outdoor furniture Market, by End-User
      • 10.1.2.2 China: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.2.1 China: Outdoor furniture Market, by Material
        • 10.1.2.2.2 China: Outdoor furniture Market, by Product
        • 10.1.2.2.3 China: Outdoor furniture Market, by End-User
      • 10.1.2.3 India: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.3.1 India: Outdoor furniture Market, by Material
        • 10.1.2.3.2 India: Outdoor furniture Market, by Product
        • 10.1.2.3.3 India: Outdoor furniture Market, by End-User
      • 10.1.2.4 Japan: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.4.1 Japan: Outdoor furniture Market, by Material
        • 10.1.2.4.2 Japan: Outdoor furniture Market, by Product
        • 10.1.2.4.3 Japan: Outdoor furniture Market, by End-User
      • 10.1.2.5 South Korea: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.5.1 South Korea: Outdoor furniture Market, by Material
        • 10.1.2.5.2 South Korea: Outdoor furniture Market, by Product
        • 10.1.2.5.3 South Korea: Outdoor furniture Market, by End-User
      • 10.1.2.6 Rest of APAC: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
        • 10.1.2.6.1 Rest of APAC: Outdoor furniture Market, by Material
        • 10.1.2.6.2 Rest of APAC: Outdoor furniture Market, by Product
        • 10.1.2.6.3 Rest of APAC: Outdoor furniture Market, by End-User

11. Impact of COVID-19 Pandemic on Asia Pacific Outdoor furniture Market

  • 11.1 Overview
  • 11.2 Asia Pacific: Impact Assessment of COVID-19 Pandemic

12. Company Profiles

  • 12.1 Ashley Home Stores, Ltd.
    • 12.1.1 Key Facts
    • 12.1.2 Business Description
    • 12.1.3 Products and Services
    • 12.1.4 Financial Overview
    • 12.1.5 SWOT Analysis
  • 12.2 Barbeques Galore
    • 12.2.1 Key Facts
    • 12.2.2 Business Description
    • 12.2.3 Products and Services
    • 12.2.4 Financial Overview
    • 12.2.5 SWOT Analysis
  • 12.3 Brown Jordan
    • 12.3.1 Key Facts
    • 12.3.2 Business Description
    • 12.3.3 Products and Services
    • 12.3.4 Financial Overview
    • 12.3.5 SWOT Analysis
    • 12.3.6 Key Developments
  • 12.4 Century Furniture LLC
    • 12.4.1 Key Facts
    • 12.4.2 Business Description
    • 12.4.3 Products and Services
    • 12.4.4 Financial Overview
    • 12.4.5 SWOT Analysis
  • 12.5 Keter Group
    • 12.5.1 Key Facts
    • 12.5.2 Business Description
    • 12.5.3 Products and Services
    • 12.5.4 Financial Overview
    • 12.5.5 SWOT Analysis
  • 12.6 Inter IKEA Systems B.V.
    • 12.6.1 Key Facts
    • 12.6.2 Business Description
    • 12.6.3 Products and Services
    • 12.6.4 Financial Overview
    • 12.6.5 SWOT Analysis
  • 12.7 Agio International Company, Ltd.
    • 12.7.1 Key Facts
    • 12.7.2 Business Description
    • 12.7.3 Products and Services
    • 12.7.4 Financial Overview
    • 12.7.5 SWOT Analysis

Appendix

  • 12.8 About the Insight Partners
  • 12.9 Glossary

List Of Tables

  • Table 1. Asia Pacific outdoor furniture Market Revenue and Forecasts to 2027 (US$ Mn)
  • Table 2. Australia Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 3. Australia Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 4. Australia Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 5. China Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 6. China Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 7. China Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 8. India Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 9. India Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 10. India Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 11. Japan Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 12. Japan Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 13. Japan Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 14. South Korea Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 15. South Korea Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 16. South Korea Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 17. Rest of APAC Outdoor Furniture Market, by Material - Revenue and Forecast to 2027 (USD Mn)
  • Table 18. Rest of APAC Outdoor Furniture Market, by Product - Revenue and Forecast to 2027 (USD Mn)
  • Table 19. Rest of APAC Outdoor Furniture Market, by End User - Revenue and Forecast to 2027 (USD Mn)
  • Table 20. Glossary of Terms, Asia Pacific outdoor furniture Market

List Of Figures

  • Figure 1. Asia Pacific Outdoor Furniture Market Segmentations
  • Figure 2. Asia Pacific Outdoor Furniture Market Segmentation - By Country
  • Figure 3. Asia Pacific Outdoor Furniture Market Overview
  • Figure 4. Wood Outdoor Furniture Held Largest Share In The Asia Pacific outdoor furniture Market By Material
  • Figure 5. China Dominated The Asia Pacific Outdoor Furniture Market In 2018
  • Figure 6. Asia Pacific Outdoor Furniture Market, Industry Landscape
  • Figure 7. Asia Pacific- Pest Analysis
  • Figure 8. Outdoor furniture Market Impact Analysis of Driver And Restraints
  • Figure 9. Asia Pacific outdoor Furniture Market Forecast and Analysis, (US$ Mn)
  • Figure 10. Asia Pacific: Outdoor Furniture Market Revenue Share, by Material (2018 and 2027)
  • Figure 11. Metal: Asia Pacific Outdoor Furniture Market, Revenue and Forecast, 2017-2027 (US$ Mn)
  • Figure 12. Plastic: Asia Pacific Outdoor Furniture Market, Revenue and Forecast, 2017-2027 (US$ Mn)
  • Figure 13. Wood: Asia Pacific Outdoor Furniture Market, Revenue and Forecast, 2017-2027 (US$ Mn)
  • Figure 14. Others: Asia Pacific Outdoor Furniture Market, Revenue and Forecast, 2017-2027 (US$ Mn)
  • Figure 15. Asia Pacific Outdoor Furniture Market Revenue Share, by Product (2018 and 2027)
  • Figure 16. Chairs: Outdoor Furniture Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 17. Tables: Asia Pacific Outdoor Furniture Market, Revenue and Forecast, 2017-2027 (US$ Mn)
  • Figure 18. Seating Seats: Outdoor Furniture Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 19. Loungers and Daybeds: Outdoor Furniture Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 20. Dining Sets: Asia Pacific Outdoor Furniture Market -Revenue and Forecast to 2027 (US$ Mn)
  • Figure 21. Asia Pacific Outdoor Furniture Market Revenue Share, by End User (2018 and 2027)
  • Figure 22. Residential: Asia Pacific Outdoor Furniture Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 23. Commercial: Outdoor Furniture Market - Revenue, and Forecast to 2027 (US$ Mn)
  • Figure 24. Asia Pacific: Outdoor Furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 25. Asia Pacific: Outdoor Furniture Market Revenue Share, by Key Country (2018 and 2027)
  • Figure 26. Australia: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 27. China: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 28. India: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 29. Japan: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 30. South Korea: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 31. Rest of APAC: Outdoor furniture Market - Revenue and Forecast to 2027 (US$ Mn)
  • Figure 32. Impact of COVID-19 Pandemic In Asia Pacific Country Markets