Press release
What's driving the Outdoor Furniture market Share ? Ashley Furniture Industries, Inter IKEA Group, Century Furniture, Agio International Company Limited, Brown Jordan, Barbeques Galore, Keter Group, Lloyd Flanders, Dedon, Emu Group, Tuuci, Royal Botania,
Europe is projected to exceed USD 6,500 billion revenue by 2024. Traditional residential building along with new constructions boosting the demand for the outer furniture including chairs, table, lounges, and combination sets strongly supporting industry growth. Additionally, European countries are among the largest traveling & tourism destinations in the countries owing to the improved consumer spending in the region
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The construction industry growth accompanied by improved consumer spending is the key factor, which is projected to boost the business growth over the forecast period. Increasing number of homeowners worldwide primarily augmenting demand for outdoor furniture products. Attractive garden designing showcase improved compatibility to match up aesthetic items with lounges, chairs, tables, and other accessories to enhance garden spaces propelling market penetration.
Textiles are expected to grow at the fastest pace from 2018 to 2024. Fabrics are among key exterior elements to improve the comfort and aesthetics of the furniture. PVC, Acrylic fiber, olefin fiber, and polyester fabric is widely used in product making. Modern designs including numerous patterns bold color shades, textures, and designs enhance compatibility with the architectural theme for the outer spaces.
The changing consumer preferences towards the requirement for residential private houses and commercial building are primarily driving attractive garden furniture market. Increasing consumer attention toward enhancing outdoor spaces to create comfortable and appealing designs of the garden, the balcony, outside porches is influencing market growth.
Residential segment is expected to witness a CAGR over 4% up to 2024. Surging demand for garden spaces in the residential sector owing to rapid urbanization in the countries is fueled industry growth. The growing trend of socializing and get-togethers among people of all ages are fueling the demand for garden and outer furniture products in the residential sector.
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Global outdoor furniture market share is competitive owing to the presence of key players, including Ashley Furniture Industries, Inter IKEA Group, Century Furniture, Agio International Company Limited, Brown Jordan, Barbeques Galore, Keter Group, Lloyd Flanders, Dedon, Emu Group, Tuuci, Royal Botania, Hartman UK, Homecrest Outdoor Living, Kettal, Fischer Mobel GmbH, Treasure Garden Incorporated, and Gloster. Product design, configuration, and after-sale service is the key concerning areas for industry players.
Wooden products accounted for over 50% of the material demand in 2017, the material is highly preferred over its counterparts owing to the natural appearance and exceptionally attractive designs glorify outdoor furniture product portfolio. Mahogany, redwood, teak, cedar, pine, eucalyptus and composite material widely used in the making due to excellent natural & appealing shades enhances aesthetic appearances boosting product profile
Table of content:
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Outdoor Furniture Industry Insights
Chapter 4 Outdoor Furniture Market, By Material
Chapter 5 Outdoor Furniture Market, By Product
Chapter 6 Outdoor Furniture Market, By End-Use
Chapter 7 Outdoor Furniture Market, By Region
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Related Report:
Global Outdoor Furniture Market Professional Survey Report 2017
This report studies Outdoor Furniture in Global market, especially in North America, China, Europe, Southeast Asia, Japan and India, with production, revenue, consumption, import and export in these regions, from 2012 to 2016, and forecast to 2022.
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