Outdoor Living Structure Market To Reach US$ 3.0 Billion by 2028 | CAGR of 5.85%

How Big is Outdoor Living Structure Market ? :

IMARC Group's latest research report, titled "Outdoor Living Structure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028," The global outdoor living structure market size reached US$ 2.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028.

Outdoor Living Structure Trends :

Outdoor living structures are architectural elements designed to enhance outdoor spaces by providing functionality, comfort, and aesthetic appeal. These include various product types such as pergolas, gazebos, decks, and patios, often complemented by accessories such as outdoor furniture, lighting, and heating systems. They are crafted from diverse materials, including wood, metal, or composite. These structures are tailored to withstand varying weather conditions and serve specific purposes such as shade, privacy, or entertainment. From a business standpoint, the incorporation of outdoor living structures offers a unique selling proposition, diversifying property portfolios and augmenting property values. These structures provide added living space without the complexities of indoor renovations, thereby gaining popularity among homeowners and property developers alike. Their versatility and multi-functionality make them indispensable in modern residential and commercial landscaping projects, fueling market growth.

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Who are the key Players Operating in the Industry ? :

• Absolute Outdoor Living
• Aussie Outdoor Living
• Bosman Homefront
• IQ Outdoor Living
• Outdoor Structure Company LLC
• Renson
• Totally Outdoors

Outdoor Living Structure Market Growth and Demand :

The global outdoor living structure market is majorly driven by the shifting consumer focus toward home improvement and outdoor aesthetics, especially heightened by lifestyle changes due to the COVID-19 pandemic. This shift is leading to increased spending on home renovations, of which outdoor living spaces are an integral part. Along with this, advances in material science offer enhanced durability and sustainability features, prompting higher adoption rates. In addition to this, the growing real estate sector globally, especially in emerging economies, is escalating the demand for outdoor living structures as value-added amenities in new developments. Moreover, digitalization is making it easier for consumers to access a plethora of design options, thereby expanding customer choice and driving sales. Apart from this, the trends toward eco-friendliness and sustainable living are influencing the market, as manufacturers are increasingly investing in eco-conscious materials and designs. Furthermore, these drivers and trends are creating a positive market outlook.

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Key Market Segmentation:

Product Insights:

• Pavilions/Gazebos
• Pergolas/Patio

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

Key Highlights of the Report:

• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• Porter's Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape

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This release was published on openPR.