Market Synopsis of Outdoor Furniture Market
Advancements in construction materials, rising disposable incomes, growing interest in outdoor room décor and a popularity of outdoor living areas such as patios, decks, and porches are some of the factors which are driving the market of outdoor furniture. Moreover, factors such as excellent durability, easy cleaning and weatherproof material are boosting the market of outdoor furniture.
The growing number purchases by the expanding hospitality industry, open-air sports areas, office spaces, and public gardens are some of the factors which driving the market of outdoor furniture. Moreover, changing lifestyle, and increase in consumer purchasing power are the other factors which is boosting the market growth. However, high cost of materials acts as a barrier for the outdoor furniture market. The Global Outdoor Furniture Market is expected to show staggering growth during the forecast period.
The report has analyzed the market based on the two segments: material, and product, in the regions of North America, Europe, A.PAC and rest of the world. On the basis of material it includes metal, plastic, wood and other. Metal outdoor furniture hold largest share and comes in variety of types including aluminum as well as wrought iron. Moreover, on the basis of product it includes general furniture, grills, patios, and others. General furniture holds the largest share by value and volume. Outdoor furniture used for aesthetic value as well which further augments the demand.
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The key players of global Outdoor furniture market report include- Brown Jordan, Century Furniture, Forever Patio, Home Depot, Home Crest Outdoor Living, Adams Manufacturing, Barbeques Galore, Dedon, and Heritage Home Group.
Market Research Analysis:
The North America region holds largest share due to the presence of global players. Rising concept of lavish outdoor living spaces with new materials, comfortable seating and elaborate lighting fuel the market for outdoor furniture. Additionally, housing sales, outdoor renovation and environmental concerns are some of the factors boosting the market. Moreover, busy lifestyle and less amount of leisure time encourage the population to enjoy the outdoor living culture. This trend led to an increased preference for outdoor living culture that eventually raised the demand for outdoor furniture products. The U.S. accounts for the largest share in the North America outdoor furniture market with a growth rate of around 5% during the forecast period.
North America will be the largest market
North America is dominating the outdoor furniture market. U.S. is the leading country for Outdoor furniture market. Numerous major hotels and resorts are partnering with leading outdoor furniture retailers and manufacturers to set-up their outdoor premises. Furthermore, the rate of sale in the commercial space of the outdoor furniture market is fueling the market of outdoor furniture. Continued emphasis on a blending of outdoor and indoor spaces, and ongoing preferences for higher-value outdoor pieces are expected to boost value demand for market in the region.
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