A $ 22 billion global opportunity for outdoor furniture by 2026

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FACTS AT A GLANCE
Editing: 20; Posted: April 2021
Executive pool: 6349
Companies: 152 – Players covered include Ace Hardware; Adams manufacturing; Agio International Co.,; barbecues galore; Jordan brown; Relaxed life; Furniture of the century; GIFT ; Emu SpA Group; Patio forever; Hartman; Heritage reception group; Homecrest Outdoor Living LLC; KETTAL Group; Royal Botania NV; Home Depot Inc .; The Keter Group; Treasure Garden Inc .; Trex Company Inc .; Winston Furniture Co. Inc .; Yotrio Corp. and others.
Blanket: All major geographies and key segments
Segments: Type of material (wood, plastic, metal, other types of materials); Product type (sets of seats, chairs, tables, dining sets, other types of products); End use (residential, commercial)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.

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ABSTRACT-

Global Outdoor Furniture Market To Reach $ 22 billion by 2026
In the midst of the COVID-19 crisis, the global outdoor furniture market is estimated at US $ 17.1 billion in 2020, is expected to reach a revised size of US $ 22 billion by 2026, with a CAGR of 4.3% over the analysis period. Wood, one of the segments analyzed in the report, is expected to register a CAGR of 4.4% and reach US $ 13.3 billion at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the Plastics segment is readjusted to a revised CAGR of 4.6% for the next 7-year period.

The US market is estimated at $ 4.8 billion in 2021, when China is expected to reach 4.6 billion dollars by 2026
The outdoor furniture market in the United States is estimated at 4.8 billion US dollars in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of 4.6 billion US dollars by 2026, with a CAGR of 7.6% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 1.4% and 3.2% respectively over the analysis period. In Europe, Germany is expected to grow by about 2.2% CAGR.

Metal segment to reach 3.4 billion US dollars by 2026
In the global Metal segment, United States, Canada, Japan, China and Europe will lead to the estimated 3.2% CAGR for this segment. These regional markets representing a combined market size of US $ 2 billion in 2020 will reach a projected size of US $ 2.5 billion before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following

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