Stratview Research has published a new report on the Outdoor Furniture Market by Company, Regions, Type and Application, Forecast, up to 5 years by Stratview Research offers the most up-to-date market trends as well as an industry growth estimate for 5 years. The report provides a thorough analysis of the market for the forecast period 2021-2025. It reveals a broader picture of the market situation, taking into consideration all major trends, market dynamics, and competitive factors. Moreover, the report contains key statistics concerning the situation of the key players, present, and upcoming market trends, and potential market growth areas. Eventually, these reports are designed to assist readers in retrieving information and making decisions that help to grow their business.
The report also covers analyst opinions and prospects, competitive landscapes, and key regions from both a regional and a global perspective. The report also examines several factors, including driving factors and challenges.
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Analysis of Outdoor Furniture Market Key Manufacturers:
According to the report, the Outdoor Furniture Market includes suppliers, product manufacturers, and OEMs. Following is a list of the Key Players in this market.
• Ace Hardware
• Century Furniture
• EMU Group S.p.A.
• Forever Patio
• Haworth, Inc.
• Roda Srl
• Sun Garden GmbH
• The Home Depot, Inc.
Growth drivers and Market Value:
This report, from Stratview Research, studies the Outdoor Furniture Market
value and growth drivers over the trend period of 2021-26. According to the report –
Outdoor Furniture Market is likely to witness an impressive CAGR of 4.8% during the forecast period. The major factors such as rapid growth in home improvement industry across the globe accompanied by positive outlook for consumer spending in emerging nations, modern lifestyle and rapid socializing trends including outdoor dining at gardens, grilling & barbeque events, social gatherings, shifting trend among manufacturers from aluminum chairs to comfortable garden furniture over the years, and the design & product inventions supported by stimulating furniture demand are expected to fuel the growth of the outdoor furniture market during the forecast period.
Based on by Material Type:
Based on the material type, the market is segmented as wood, metal, plastic, textile, and others. Wood accounted for 50% share of the market in 2019 and is estimated to register high growth rate during the forecast period. Manufacturers are shifting towards environmental friendly materials such as MOSO bamboo, which is harder and stronger as compared to oak. Furthermore, materials such as mahogany, redwood, teak, pine, cedar, eucalyptus, and composite materials are used on a larger basis for making furniture, and various attractive designs that enhances the look of the outdoor spaces is expected to boost the growth of the market during the forecast period.
Based on Regional:
In terms of regions, North America is estimated to account for the largest regional market in the coming years. The growth of the region’s market is attributed to the presence of multiple players including Bambrella, Woodard, Homecrest, Polywood, Whiteall Products, Uwharrie Chair, Galtech Umbrellas, Ow Lee, Telescope casual, and Lloyd Flanders. Moreover, the dominance of the market is supported by the expansion of several sectors including public gardens, hospitality, recreational sport areas, and open restaurants. Europe and Asia-Pacific are also expected to offer substantial growth opportunities during the forecast period.
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Research Methodology & Features –
This report offers in-depth insights and is the result of detailed research methodology through secondary research, extensive primary interviews with industry key players, and statistical tools. The report provides vital information related to the market dynamics and enables strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
- Market structure: Overview, industry life cycle analysis, supply chain analysis
- Market environment analysis: Growth drivers and constraints
- Market trend and forecast analysis
- Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
- Attractive market segments and associated growth opportunities
- Emerging trends
- Key success factors & more.
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