Outdoor Furniture Market Size Expected to Grow by USD 3.73 Billion | The market report highlights the segments of distribution channels, end users and products

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Supplier Information

The global outdoor furniture market is fragmented and vendors are deploying strategies such as introducing innovative products to meet consumer buying trends to compete in the market.

The growing competition in the market is forcing vendors to engage in strategic partnerships and joint ventures coupled with the launch of differentiated products to up their game in the furniture industry. Moreover, government regulations and economic conditions play a central role in the market. For example, IKEA Systems BV is considered one of the most sustainable manufacturers and retailers in the outdoor furniture market.

The report analyzes the competitive landscape of the market and offers information about several vendors in the market including:

  • Ashley Furniture Industries Inc.
  • Berkshire Hathaway Inc.
  • Century Furniture LLC
  • Furniture Gloster GmbH
  • Haworth Inc.
  • Herman Miller Inc.
  • Inter IKEA Holding B.V.
  • Home Depot Inc.
  • TUUCI SARL
  • Williams-Sonoma Inc.

Find additional highlights on the growth strategies adopted by vendors and their product offerings, Read a free sample report.

Geographic Market Analysis

APAC will provide maximum growth opportunities in the outdoor furniture market over the forecast period. According to our research report, the region will contribute 34% of the global market growth and is expected to dominate the market till 2025. APAC will generate growth in all the years of the forecast period between 2020 and 2025.

China and Japan are the top two outdoor furniture markets in APAC. The market growth in these regions will be significantly faster than the growth in other market regions during the forecast period.

Analysis of key segments

The growth of the outdoor furniture market through the outdoor furniture and accessories segment is estimated to be significant during the forecast period. This segment is expected to hold the largest share in the global outdoor furniture market during the forecast period. Growing interest in outdoor decoration and increasing preferences for outdoor leisure activities are positively influencing the growth of outdoor furniture and accessories segment. Changes in lifestyles and consumer preferences are fueling sales of outdoor dining tables and sofas that have a contemporary and transitional appeal and are easy to maintain, in addition to being stylish, comfortable and versatile. For example, Williams-Sonoma Inc. offers various types of outdoor furniture and accessories to its customers. Its product offerings include living room furniture, dining room furniture, outdoor furniture and other outdoor furniture and accessories, including cushions and pillows.

Learn more about the geographical distribution of this market along with the detailed analysis of major regions. https://www.technavio.com/report/outdoor-furniture-market-industry-analysis

Key Market Drivers and Challenges:

Increased demand for patio heater products in commercial and residential spaces is one of the major drivers for the growth of the global outdoor furniture market share. Commercial spaces such as pubs, party lounges, cafes and restaurants have a high demand for patio heaters. Additionally, there is a significant increase in the number of pubs and restaurants with outdoor dining areas, which is contributing to the growth in demand for patio heaters. Additionally, vendors are introducing new patio heaters that feature innovative designs to achieve a high degree of product differentiation. Thus, product premiumization is encouraging more consumers to shift towards patio heaters, ultimately becoming key drivers of the global outdoor furniture market over the forecast period.

Long replacement is estimated to be a key challenge for the growth of outdoor furniture market share. Furniture made from premium wood, including outdoor furniture, has a substantial lifespan and does not require frequent replacement. The ideal average lifespan of premium furniture is around 7-9 years, which is much better than other cheap quality furniture made from plastics. Additionally, leading furniture manufacturers often offer warranties on their products, which improves product life and reduces frequent purchases. Thus, the long replacement cycle limiting repeat purchases is expected to hamper the growth of the outdoor furniture market over the forecast period.

See a free sample for highlights on the market drivers and challenges affecting the Outdoor Furniture market.

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Related reports:

Online Furniture Market by Application and Geography – Forecast and Analysis 2020-2024

U.S. Outdoor Furniture Market by Product, End User and Distribution Channel – Forecast and Analysis 2021-2025

Outdoor Furniture Market Scope

Report cover

Details

Page number

120

base year

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 3%

Market Growth 2021-2025

$3.73 billion

Market structure

Fragmented

Annual growth (%)

2.26

Regional analysis

North America, APAC, Europe, South America and MEA

Successful market contribution

APAC at 34%

Main consumer countries

United States, China, Germany, United Kingdom and Japan

Competitive landscape

Leading Companies, Competitive Strategies, Consumer Engagement Reach

Profiled Key Companies

Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Century Furniture LLC, Gloster Furniture GmbH, Haworth Inc., Herman Miller Inc., Inter IKEA Holding BV, The Home Depot Inc., TUUCI LLC and Williams-Sonoma Inc.

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID-19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Status Analysis market for the forecast period

Personalization area

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

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