Outdoor Furniture Market with (Covid-19) Impact Analysis: In-depth Analysis, Global Market Share, Top Trends, Professional & Technical Industry Insights 2020 – 2027

The outdoor furniture market was valued at US$ 17,843.7million in 2018 and is projected to reach US$26,598.5million by 2027; it is expected to grow at a CAGR of 4.5%from 2019 to 2027.

Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are quite popular among the residential and commercial customers. The outdoor furniture market on a global scale has been witnessing a substantial growth in the recent past. Factors such as a rise in consumer spending and traveling trends have resulted in the rising number of tourists across the world. These factors are mostly observed in tourist spots, beach sides, and hill stations, thereby leading to increased counts of motels, hotels, guest houses, resorts, open spaces, and public gardens. Hence, a growing number of hotels and restaurants are further expected to propel the outdoor furniture market during the forecast period. Moreover, increasing financial capacity of consumers to spend on leisure activities is encouraging consumers to spend a higher amount on outdoor furniture in the residential sector. Several homeowners are focusing on enhancing the garden, open areas, or balcony appearance with aesthetically appealing sitting arrangements. Lounge chairs, seating sets, and tables are some of the key products generating substantial revenue in the outdoor furniture market.

The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany, are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Consumer goodsis one the world’smajor industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic.

Get Sample Report of Outdoor Furniture Market Report @ https://bit.ly/3iUfKBn

Major vendors covered in this report:
• Agio International Company, Ltd.
• Ashley Home Stores, Ltd.
• Barbeques Galore
• Brown Jordan
• Century Furniture LLC
• Home crest Outdoor Living LLC
• Inter Ikea Systems B.V.
• Keter Group
• Florida Patio Furniture Inc.
• Polywood

China is the global manufacturing hub and is the largest raw material supplier for various industries; however, it is also one of the worst-affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adverselyimpacting the manufacturing and sales of various outdoor furniture. The overall market break down due to COVID-19 is also affecting the outdoor furniture market growth due to shutting down of factories, obstacle in supply chain, and downturn in world economy.

The report profiles the key players in the industry, along with a detailed analysis of their individual positions against the global landscape. The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Outdoor Furniture market. The researcher provides an extensive analysis of the Outdoor Furniture market size, share, trends, overall earnings, gross revenue, and profit margin to accurately draw a forecast and provide expert insights to investors to keep them updated with the trends in the market.

The study assesses factors such as segmentation, description, and applications of Outdoor Furniture industries. It derives accurate insights to give a holistic view of the dynamic features of the business, including shares, profit generation, thereby directing focus on the critical aspects of the business.

The research provides answers to the following key questions:
1. What is the estimated growth rate of the market for the forecast period 2020–2027? What will be the market size during the estimated period?
2. What are the key driving forces responsible for shaping the fate of the Outdoor Furniture market during the forecast period?
3. Who are the major market vendors and what are the winning strategies that have helped them occupy a strong foothold in the Outdoor Furniture market?
4. What are the prominent market trends influencing the development of the Outdoor Furniture market across different regions?
5. What are the major threats and challenges likely to act as a barrier in the growth of the Outdoor Furniture market?
6. What are the major opportunities the market leaders can rely on to gain success and profitability?

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the Outdoor Furniture market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the Outdoor Furniture market segments and regions.

Outdoor Furniture Market Segmented by
Region/Country: North America, Europe, Asia Pacific, Middle East & Africa, and Central & South America

Interested in purchasing this Report? Click here @ https://bit.ly/3iWnN0A

Pune,India

The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials.

This release was published on openPR.