Outdoor Furniture Market Estimates May Exceed Expectations

Insight Partners

According to our latest market research on “Global Outdoor Furniture Market Forecast to 2027 – Impact and Analysis of COVID-19 by Material (Metal, Plastic, Wood and Others), Product (Chairs, Tables, Seating Sets , lounge chairs and day beds, and dining sets), end user (residential and commercial) and geography”. The global outdoor furniture market was valued at US$17,843.7 million in 2018 and is expected to reach 26,598.5 million US$ by 2027, it is expected to grow at a CAGR of 4.5% from 2019 to 2027. The report highlights the key factors driving the market growth and the major players along with their developments in the market.Uptrend towards travel and change in lifestyle to accelerate the growth of the market at a CAGR of 4.5% during the period 2019-2027.

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Key companies:
Agio International Company, Ltd.;Ashley Home Stores, Ltd.;Barbeques Galore;Brown Jordan;Century Furniture LLC;Home crest Outdoor Living LLC;Keter Group;Inter IKEA Systems BV;Florida Patio Furniture Inc.; and Polywoodare

Outdoor furniture such as chairs, tables, seating sets, dining sets, lounge chairs, daybeds and hammocks are very popular among residential and commercial customers. The outdoor furniture market globally has experienced substantial growth in recent years. Factors such as increasing consumer spending and travel trends have led to an increase in the number of tourists across the world. These factors are mainly observed in tourist spots, beaches and hill stations, thus leading to an increase in the number of motels, hotels, guest houses, resorts, open spaces and public gardens. . Hence, an increasing number of hotels and restaurants are expected to further propel the outdoor furniture market during the forecast period.

Consumer spending on travel and tourism has increased significantly around the world. A shift in consumer lifestyle has led to increased investment in travel and exploration activities. The travel and tourism sector has become a significant contributor to the development of the preference for using outdoor furniture to enhance the aesthetic appeal of commercial and residential spaces while meeting the luxury needs of consumers. According to the United Nations World Tourism Organization (UNWTO), international tourist arrivals across the world grew by 6% in 2018, to 1.4 billion. Furthermore, as stated by the World Travel & Tourism Council (WTTC) in 2018, the travel and tourism sector generated 10.4% of global GDP. Moreover, European countries are considered to be the most preferred hub for tourism. Additionally, rising rate of tourism in countries like Singapore, Malaysia, and Thailand is also propelling the market growth in the region.

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Report Spotlight
• Progressive industry trends in the global outdoor furniture market to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the global outdoor furniture market from 2017 to 2027
• Estimation of the global demand for outdoor furniture across various industries
• PEST analysis to illustrate the effectiveness of buyers and suppliers operating in the industry to predict market growth
• Recent developments to understand the competitive market scenario and global Outdoor Furniture demand
• Market trends and outlook associated with factors driving and restraining the growth of the global outdoor furniture market
• Decision-making process by understanding strategies underpinning commercial interest with regard to Global Outdoor Furniture Market growth
• Global outdoor furniture market size at different market nodes
• Detailed overview and segmentation of the global outdoor furniture market, along with its dynamics in the industry
Global Outdoor Furniture Market size across various regions with promising growth opportunities

Global Outdoor Furniture Market – By Material
Wood
Metal
Plastic
Others

Global Outdoor Furniture Market – By Product
Chairs
the tables
Seat sets
Lounge chairs and day beds
Dining sets

Global Outdoor Furniture Market – By End User
Residential
Commercial

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Contact person: Sameer Joshi
Email: [email protected]
Phone: +1-646-491-9876

About Us:
The Insight Partners is a one-stop provider of actionable intelligence industry research. We help our clients find solutions to their research needs through our syndicated research and advisory services. We specialize in industries such as Semiconductors and Electronics, Aerospace and Defense, Automotive and Transportation, Healthcare, Manufacturing and Construction, Media and Technology, Chemicals and the materials.

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