Outdoor Furniture Market | Leading Segments, Trends, Drivers and Challenges
Market Recovery and Growth Projections 2021-2025
The outdoor furniture market is expected to grow by $ 3.73 bn, accelerating at a CAGR of almost 3% during the forecast period. Technavio’s research reports offer a detailed analysis of the market segments, delving deep into the factors that will lead to the growth of each segment. It also offers insights that are likely to have a negative impact on market growth. This comprehensive analysis of the market will enable clients to identify areas of growth and steer clear of the low-performing segments.
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Outdoor Furniture Market: Market Segments and Growth Forecasts
This research report will provide insights into the current market share of each segment along with growth projections for the next five years.
- Market is segmented by Product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products), End-user (Residential and Commercial), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and MEA).
- 34% of the market growth will originate from APAC during the forecast period. This report provides an accurate prediction of the contribution of all the geographic segments to the growth of the Outdoor Furniture Market size.
Outdoor Furniture Market: Trends, Drivers, Challenges
The report also offers a detailed impact analysis of various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will equip clients to design a growth strategy for their business and area of operations.
- Increasing demand for patio heating products in commercial and residential spaces will be a significant factor in driving the growth of the Outdoor Furniture Market.
- Growing residential and commercial construction market will be instrumental in driving the market growth during the forecast period.
- Long replacement cycle is a hurdle that needs to be crossed on the path to success.
Outdoor Furniture Market: Vendor Analysis
- The market is fragmented.
- 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. are some of the major market participants.
- The unprecedented outbreak of COVID-19 in 2020 has had a significant impact on market segments had a ripple effect on various stakeholders. Our vendor analysis and insights will provide you with all the information required to make the most of the opportunities and plan business recovery and growth post the pandemic.
Key Areas Covered in our Report:
- Outdoor Furniture Market Split by Product
- Outdoor furniture and accessories
- Outdoor grills and accessories
- Patio heating products
- Outdoor Furniture Market Split by End-user
- Outdoor Furniture Market Split by Distribution Channel
- Outdoor Furniture Market Split by Geography
- North America
- APAC
- Europe
- South America
- MEA
Customer landscape
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2020-2025
- MEA - Market size and forecast 2020-2025
- Europe - Market size and forecast 2020-2025
- North America - Market size and forecast 2020-2025
- South America - Market size and forecast 2020-2025
- Key leading countries
- Market opportunity by geography
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Competitive scenario
- Vendor landscape
- Landscape disruption
Vendor Analysis
- 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
- Williams-Sonoma Inc.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market will accelerate at a CAGR of about 3%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3.73 bn through 2021-2025.
- What is a key factor driving this market?
Increasing demand for patio heating products in commercial and residential spaces will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
34% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 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.
- What are the market segments covered in this report?
The market is segmented by Product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products), End-user (Residential and Commercial), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and MEA)
Outdoor Furniture Market Size to Grow by $ 3.73 Billion through 2021-2025
The outdoor furniture market is expected to grow by $ 3.73 billion, accelerating at a CAGR of almost 3.02% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.
Outdoor Furniture Market: Receive Free Sample Report
Outdoor Furniture Market: Segmentation by Product
This report provides a detailed analysis of the market by Product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products), End-user (Residential and Commercial), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and MEA). This research report will provide insights into the current market share of each segment along with growth projections for the next five years. In addition, the report also offers a detailed impact analysis of various trends, drivers, and challenges which are likely to influence market growth during the forecast period. These insights are expected to equip clients with reliable information based upon which they can design a growth strategy for their business and area of operations.
The increasing demand for patio heating products in commercial and residential spaces will be one of the significant factors fueling outdoor furniture market growth during the forecast period. Free-standing and tabletop patio heaters are widely preferred in the hospitality industry for their aesthetic appeal. With the increasing number of bars, dine-outs, pubs, party lounges, cafes, and restaurants, the demand for patio heaters is expected to proliferate. 34% of the market growth will originate from APAC during the forecast period. China and Japan are the key markets for outdoor furniture in APAC. Market growth in APAC will be faster than the growth of the market in other regions.
Outdoor Furniture Market: Vendor Analysis
The market is fragmented. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. 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. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
For more insights into this market: Download a Free Sample Report. Our custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.
The report provides insights into the following FAQs:
- What is the market CAGR?
The market is accelerate at a CAGR of over 3.02%.
- What is the incremental growth of the market?
The market is expected to grow by $ 3.73 bn through 2021-2025.
- What is a key factor driving this market?
{{driver_1} will drive market growth over the forecast period.
- What are the key regions covered in this market research report?
North America, APAC, Europe, South America, and MEA are the key regions featured in this research report.
- Which is the leading geographic region for this market:
34% growth will originate from APAC
- Who are the leading market vendors?
The leading vendors in this market are 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.
- What are the market segments covered in this report?
The market is segmented by Product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products), End-user (Residential and Commercial), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and MEA)
