Global outdoor furniture industry expected to reach $ 22.9 billion by 2027 – ResearchAndMarkets.com

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DUBLIN – (COMMERCIAL THREAD) – “Outdoor Furniture – Global Market Trajectory and Analysis” report has been added to ResearchAndMarkets.com offer.

Amid the COVID-19 crisis, the global outdoor furniture market, estimated at US $ 17.1 billion in 2020, is expected to reach a revised size of US $ 22.9 billion by 2027, with a CAGR of 4.3% over the analysis period 2020-2027.

Timber, one of the segments analyzed in the report, is expected to register a CAGR of 4.4% and reach $ 13.3 billion by the end of the analysis period. After an initial 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 $ 4.6 billion, while China is expected to grow at 7.6% CAGR

The outdoor furniture market in the United States is estimated at US $ 4.6 billion in 2020. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 5 billion by 2027, with a CAGR of 7.6%. over the analysis period 2020 to 2027. Other notable geographic markets include Japan and Canada, each forecasting growth of 1.4% and 3.2% respectively over the period 2020-2027. In Europe, Germany is expected to grow by around 2.2% CAGR.

Metals segment to register 3.7% CAGR

In the global metals segment, the United States, Canada, Japan, China and Europe will lead 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 by the end of the analysis period. China will remain among the fastest growing countries in this group of regional markets. Led by countries such as Australia, India and South Korea, the Asia-Pacific market is expected to reach $ 3.3 billion by 2027, while Latin America will grow at a CAGR of 4 , 6% during the analysis period.

Selected competitors (total 152 featured):

  • Aces Hardware

  • Adams manufacturing

  • Agio International Co.,

  • Barbecues galore

  • Jordan Brown

  • Relaxed life

  • Furniture of the century

  • GIFT

  • Emu SpA Group

  • Fischer Mobel GmbH

  • Forever patio

  • Hartman

  • Heritage reception group

  • Homecrest Outdoor Living LLC

  • KETTAL Group

  • Royal Botania SA

  • Home Depot Inc.

  • The Keter group

  • Treasure Garden Inc.

  • Trex Company Inc.

  • Winston Furniture Co. Inc.

  • Yotrio Corp.

Main topics covered:

I. METHODOLOGY

II. ABSTRACT

1. MARKET OVERVIEW

  • Overview of the influencer market

  • Global market trajectories

  • A prelude

  • Recent market activity

  • Developing economies to drive future growth

  • Macroeconomic indicators

  • Improved GDP performance bodes well for the market

  • Construction Industry – Recovery in Residential and Commercial Construction Sectors Helping Outdoor Furniture Market

  • Growing middle class population is propelling the outdoor furniture market

  • Impact of Covid-19 and an impending global recession

2. FOCUS ON CERTAIN PLAYERS

3. MARKET TRENDS AND FACTORS

  • Socialization and recreation reinforce the need for outdoor furniture

  • Changing consumer preferences

  • Innovations blur the difference between outdoor and indoor furniture

  • Innovations blur the difference between outdoor and indoor furniture

  • Ultramodern and chic furniture in Vogue

  • Comfort: a key determinant of a product’s success

  • A style statement rather than a necessity

  • High-end technology fits the outdoor furniture design space

  • Outdoor furniture: no longer an afterthought to improve outdoor comfort

  • Online shopping is growing in popularity

  • Retailers and Manufacturers Jump on the ‘M-Commerce’ Band

  • Fast-paced and stressful lifestyles create the need for outdoor furniture

  • Innovative, weather-resistant materials and fabrics help fuel demand

  • Eco-friendly outdoor furniture is gaining importance

  • Ergonomics: a key design variable

  • Style and aesthetics gain in importance

  • High-end products gain importance

  • Innovative fabrics catch owners’ fancy

  • Customers are getting harder to satisfy

  • Aluminum patio furniture is gaining steam

  • Outdoor Benches: Part of Must-Have Outdoor Furniture Collectibles

  • Patio umbrellas provide much needed respite from the sun and rain

  • Comfort – A key factor for hammocks

  • Thin line dividing indoor and outdoor products

  • Outdoor furniture designed to look like indoor furniture

  • Multiples of DIY and garden centers: the key channels

4. WORLD MARKET PERSPECTIVE

III. MARKET ANALYSIS

IV. COMPETETION

For more information on this report, visit https://www.researchandmarkets.com/r/aho4if


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