05-Oct-2021 | Zion Market Research
As per the findings of Zion Market Research study, outdoor furniture industry gathered revenue of about US$ 15.3 billion in 2020 and is anticipated to earn returns of approximately US$ 25.1 billion by 2028. In addition to this, outdoor furniture market is expected to record highest gains of nearly about 6.1% in 2021-2028. Moreover, thriving real estate sector and rise in urban population will contribute majorly towards growth of outdoor furniture market in forecasting timespan. Apparently, rise in purchasing capacity of individuals has translated into humungous surge in outdoor furniture market revenue. Additionally, rise in travelling & tourism activities will define massive growth of outdoor furniture industry. Citing an instance, large-scale tourist visits to hill stations resulting in elongated stay at hill resorts and visit to monumental sites has assisted in manifold demand for outdoor furniture. Moreover, historical site visits has enlarged growth of outdoor furniture market.
Growing Demand For Enhancing Aesthetic Value Of Home Decorations To Drive Market Trends
Expansion of outdoor furniture market over forecast timeline is owing to escalating tilt towards enhancing aesthetic sense of rooms in households during festivals and other ceremonies such as marriage ceremonies or religious events. In addition to this, end-users are willing to pay more for different designs of outdoor furniture and this will transmute into massive surge in outdoor furniture market earnings in next few years. Lifestyles as well as fashion trends across the globe are changing rapidly and this will tremendously impact growth of outdoor furniture industry in foreseeable future.
North American Market Growth To Expedite Geometrically Over 2021- 2028
Expansion of outdoor furniture market in North America over forecast timeframe is owing to presence of major furniture producers such as Forever Patio and Brown Jordan in countries like the U.S. In addition to this, consumer willingness to spend more on premium furniture products will drive regional market growth over forecast timeframe. Apparently, growing outing activities and rise in travel to beach resorts in Canada and the U.S. will prompt business trends in North America.
Key players leveraging industry landscape and profiled in report include Brown Jordan, Dedon, IKEA, The Home Depot, Inc., Century Furniture, Royal Botania NV, Unopiu, Amisco, Ace Hardware, Haworth, Inc., Steelcase, Williams-Sonoma, Inc., Herman Miller, Inc., Ashley CABANACOAST, Molteni & C., Dorel Industries, Furniture Industries, Knoll, Inc., B&B Italia SpA, Sun Garden GmbH, Patio Furniture Industries, Inc., Tuuci, Roda Srl, Forever Patio, and Hartman UK.
Browse the full “Outdoor Furniture Market- By Product (Chairs & Tables And Seating Sets, Dining Sets, And Loungers & Daybeds), By Material (Metal, Plastic, Textile, And Wood), By End-User (Residential, Commercial, And Industrial), And By Region- Global Industry Perspective, Comprehensive Analysis, And Forecast, 2021 – 2028.” Report at https://www.zionmarketresearch.com/report/outdoor-furniture-market
The global Outdoor Furniture Market is segmented as follows:
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