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Outdoor Furniture Market 2021 Share, Size and Expected to Reached US$26,598.5million by 2027 at CAGR 4.5%

04-23-2021 11:30 AM CET | Leisure, Entertainment, Miscellaneous

Press release from: The Insight Partners

Outdoor Furniture Market

Outdoor Furniture Market

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.

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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.

Following are the MAJOR MANUFACTURERES include 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
• ….

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.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.

MARKET SEGMENTATION-

Global Outdoor Furniture Market– By Material
• Wood
• Metal
• Plastic
• Others

Global Outdoor Furniture Market – By Product
• Chairs
• Tables
• Seating Sets
• Loungers and Daybeds
• Dining Sets

Global Outdoor Furniture Market– By End User
• Residential
• Commercial

This report provides an overview and forecast of the global Outdoor Furniture market based on various segments. It also provides market size and forecast estimates from the year 2018 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Outdoor Furniture market in these regions.

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The report can answer the following questions:

1. What is the global (North America, South America, Europe, Africa, Middle East, Asia, China, Japan) production, production value, consumption, consumption value, import and export of Outdoor Furniture?
2. Who are the global key manufacturers of Outdoor Furniture industry? How are their operating situation (capacity, production, price, cost, gross and revenue)?
3. What are the types and applications of Outdoor Furniture? What is the market share of each type and application?
4. What are the upstream raw materials and manufacturing equipment of Outdoor Furniture? What is the manufacturing process of Outdoor Furniture?
5. Economic impact on Outdoor Furniture industry and development trend of Outdoor Furniture industry.
6. What will the Outdoor Furniture market size and the growth rate be in 2027?
7. What are the key factors driving the global Outdoor Furniture industry?
8. What are the key market trends impacting the growth of the Outdoor Furniture market?
9. What are the Outdoor Furniture market challenges to market growth?
10. What are the Outdoor Furniture market opportunities and threats faced by the vendors in the global Outdoor Furniture market?

Contact Us:-
The Insight partners
USA +1-646-491-9876
Asia-Pacific +91 20 6727 8686
Email: sales@theinsightpartners.com
Website- https://www.theinsightpartners.com/

About Us:
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 are a specialist in Technology, Healthcare, Manufacturing, Automotive and defence. We continuously update our repository so as to provide our clients easy access to the world's most complete and current database of expert insights on global industries, companies, and products. We also specialize in custom research in situations where our syndicate Research offerings do not meet the specific requirements of our esteemed clients.

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