What's Driving the Outdoor Furniture Market Share? IKEA Group, DEDON, The Home Depot, Trex Company, TUUCI, Ace Hardware

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 outdoor furniture market penetration.

Improved consumer spending and traveling trends resulted in an increased number of tourists across the world. These trends are mainly observed coastal area, beach, hotels, resorts, cafes, lounges restaurants and bars boosting outdoor furniture market expansion. Decorative lounge chairs, upholstery products, and table are the key revenue-generating products in the market.

Request for a sample copy of this report @ https://www.decresearch.com/request-sample/detail/3025

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.

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.

Outdoor Furniture Market Growth Drivers: --
1. Rapid expansion of product portfolio & distribution network
2. Socialization accompanied by increasing consumer spending on leisure & experiences

Make an Inquiry for Purchasing this Report @ https://www.decresearch.com/inquiry-before-buying/3025

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

Asia Pacific Outdoor Furniture Market is projected to grow at the fastest pace from 2018 to 2024. The region is among the key emerging economies and witnessing modern trends for enchaining outer garden and outer spaces, especially in China, Japan, South Korea Malaysia, and Indonesia. Rapid urbanization and new construction in urban cities is mainly boosting the market share for outdoor furniture products across the region.

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.

Browse more info. @ https://www.globenewswire.com/news-release/2018/12/10/1664098/0/en/Outdoor-Furniture-Market-share-to-cross-US-23-bn-by-2024-Global-Market-Insights-Inc.html

About DEC Research:
DecResearch.com, powered by Global Market Insights, is an online aggregator of information on market research reports. The website provides comprehensive information as well as a detailed 'Table of Contents' for reports being regularly published by GMI.

Contact Us:
DEC Research,
Phone:1-302-846-7766
Toll Free: 1-888-689-0688
Email: info@decresearch.com

This release was published on openPR.