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    Outdoor Furniture Market | Covid-19 Impact Analysis

    Outdoor Furniture Market | Covid-19 Impact Analysis

    Outdoor Furniture Market | Covid-19 Impact Analysis
    Report code - SRCG156 Delivery - 2 Weeks
    Outdoor Furniture Market Size, Share, Trend, Forecast, & Industry Analysis 
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    Impact of COVID-19 on Outdoor Furniture Market

    Covid-19 has impacted the market dynamics, competition, and global...

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    Impact of COVID-19 on Outdoor Furniture Market

    Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.

    Note: The summary below might not have included insights on covid impact since we have large number of reports.

    Outdoor Furniture Market Insights

    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.

    Outdoor Furniture Market - Snapshot

    Growth

    4.8% for the next five years

    Major Material Type

    Wood

    Fastest Product Type

    Chairs

    Dominant Application Type

    Residential

    Region with the highest demand

    North America

    Key Players

    Ace Hardware, Century Furniture, Dedon, EMU Group S.p.A., Forever Patio, Haworth, Inc., Roda Srl, Sun Garden GmbH, The Home Depot, Inc., and Unopiu.

     

    Market Share Analysis

    Outdoor-Furniture-Market-Dominant-Segments

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    Outdoor Furniture Market Share: 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.

    Outdoor Furniture Market Share: By Product Type

    Based on the product type, the market is segmented as chairs, table, seating sets, dining sets, loungers & daybeds, and others. Chairs are estimated to be the fastest-growing product type with 6% CAGR during the forecast period. The major materials such as wood, fabrics, metals, textiles, and plastics are used for producing chairs. Chairs provide high comfort including materials and components which are used with the materials having waterproof features in the making. Moreover, the growing popularity due to the color blending and high comfort are expected to accelerate the growth of the outdoor furniture market during the forecast period.

    Outdoor Furniture Market Share: By End-Use Type

    Based on the end-use type, the market is segmented as residential and commercial. The residential end-use segment accounted for the largest share of the market in the year 2019. Factors such as improvement in income levels in various countries fueling the purchase trends for products in both residential and non-residential spaces, and urbanization are among the major drivers bolstering the growth of the segment.

    Outdoor Furniture Market Share: By Region

    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.

    Outdoor-Furniture-Market-By-Region

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    Some of the key players in the outdoor furniture market are-

    • Ace Hardware
    • Century Furniture
    • Dedon
    • EMU Group S.p.A.
    • Forever Patio
    • Haworth, Inc.
    • Roda Srl
    • Sun Garden GmbH
    • The Home Depot, Inc.
    • Unopiu.

     

    Market Scope & Segmentation

    Outdoor furniture is specifically designed in a way to decorate and enhance the look of outdoor areas of any house or building and is typically made of weather-resistant materials such as aluminum which provides protection from rust.

    This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.

    Outdoor Furniture Market Research Report - Features

    Market Segmentation

    4

    Regions Covered

    4

    Countries/Sub-Regions Covered

    17

    No. of Figures & Tables

    >150

    Company Profiles

    10

     

    The outdoor furniture market is segmented into the following categories.

    Outdoor Furniture Market Size, Share, & Forecast, by Material Type:

    • Wood (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Plastic (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Textile (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Outdoor Furniture Market Size, Share, & Forecast, by Product Type:

    • Chairs (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Tables (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Seating Sets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Dining Sets (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Loungers & Daybeds (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Outdoor Furniture Market Size, Share, & Forecast, by End-Use Type:

    • Residential (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
    • Commercial (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)

    Outdoor Furniture Market Size, Share, & Forecast, by Region:

    • North America (Country Analysis: the USA, Canada, and Mexico) 
    • Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
    • Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
    • Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)

    Outdoor-Furniture-Market-Segmentation

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    Research Methodology

    This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.

     

    Report Features

    This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable 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, Porter’s five forces analysis, SWOT analysis
    • Market trend and forecast analysis
    • Market segment trend and forecast
    • Competitive landscape and dynamics: Market share, product portfolio, product launches, etc.
    • Attractive market segments and associated growth opportunities
    • Emerging trends
    • Strategic growth opportunities for the existing and new players
    • Key success factors

     

    Report Customization Options

    With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

    Company Profiling

    • Detailed profiling of additional market players (up to 3 players)
    • SWOT analysis of key players (up to 3 players)

    Market Segmentation

    • Current market segmentation of any one of the product types by end-use type.  

    Competitive Benchmarking

    • Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

    Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected]


    Frequently Asked Questions (FAQs)

    What will be the growth of Outdoor Furniture Market in the foreseeable future?

    The outdoor furniture market is expected to witness an impressive growth of 4.8% CAGR in the foreseeable future.

    Who are the key players in the Outdoor Furniture Market?

    Ace Hardware, Century Furniture, Dedon, EMU Group S.p.A., Forever Patio, Haworth, Inc., Roda Srl, Sun Garden GmbH, The Home Depot, Inc., and Unopiu are among the key players in the Outdoor Furniture Market.

    Which country/region is expected to be the largest Outdoor Furniture Market?

    North America is expected to be the largest outdoor furniture market during the next five years.

    Which product type is expected to be the fastest growing segment of the Outdoor Furniture Market?

    Chairs are estimated to be the fastest-growing product type in the outdoor furniture market in the coming years.

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