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Global outdoor furniture market share is slated to witness prolific growth over 2021-2027, due to the mounting product adoption in residential buildings and the surging global population. In addition, the high consumer spending, alongside the escalating number of gardens and lawns in urban areas, will also amplify the need for outdoor furniture in the years ahead.
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Outdoor Furniture Market: Regional Statistics & Growth Forecast 2021-2027
Industry Insights: • Global outdoor furniture market share is slated to witness prolific growth over 2021-2027, due to the mounting product adoption in residential buildings and the surging global population. In addition, the high consumer spending, alongside the escalating number of gardens and lawns in urban areas, will also amplify the need for outdoor furniture in the years ahead. • Investments in building and construction activities have increased considerably in the Asia Pacific, mainly due to the rising per capita income. There has also been a significant rise in popularity of Scandinavian and European designs and styles for outdoor furniture in recent years, prompting regular upgrades in outdoor restaurants and outdoor hotels, which will also boost industry growth. the global outdoor furniture market size is expected to surpass $23.8 billion by 2027.
Considering product, the loungers and daybeds segment will grow at a CAGR of 6.5% in the outdoor furniture market through 2027, given the commercial use of loungers for cafes, beach resorts, poolside, and backyards. Strong focus on decorating backyards, balconies, and open spaces like gardens and terraces will also add impetus to industry expansion from the segment over the forecast spell. • Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/3025 • Based on application, the residential segment will account for over 55% share in the outdoor furniture market by 2027, on account of the surging residential construction activities in the APAC and the U.S. Rising initiatives to create open public spaces, along with the mounting installation of outdoor furniture on patios, porches, and gardens, will also add impetus to the product adoption in the residential sector.
Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/outdoor-furniture-market Chapter 4 Outdoor Furniture Market, By Material 4.1 Global outdoor furniture market share by material, 2020 & 2027 4.2 Wood 4.2.1 Market estimates and forecast, 2017 - 2027 4.2.2 Market estimates and forecast, by region, 2017 - 2027 4.3 Metal
4.3.1 Market estimates and forecast, 2017 - 2027 4.3.2 Market estimates and forecast, by region, 2017 - 2027 4.4 Plastic 4.4.1 Market estimates and forecast, 2017 - 2027 4.4.2 Market estimates and forecast, by region, 2017 – 2027 4.5 Textile 4.5.1 Market estimates and forecast, 2017 - 2027 4.5.2 Market estimates and forecast, by region, 2017 – 2027 4.6 Others 4.6.1 Market estimates and forecast, 2017 - 2027 4.6.2 Market estimates and forecast, by region, 2017 - 2027
Region: • On the regional front, the Europe outdoor furniture market accounted for an over 30% share of the global industry in 2020, which was attributable to the growth of sun and beach tourism. Increased demand for garden and patio furniture in countries such as France, Spain, Italy, Germany, and the UK will also assert a positive influence on the outdoor furniture brands in the region.
Key Players • KnollInc. • Sun Garden GmbH • IKEA • Herman MillerInc. • Ashley Furniture Industries • Amisco • Hartman UK • B&B Italia SpA • Royal Botania NV
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