Outdoor Furniture Market: Surge In The Number Of Hotels And Resorts, Increase In Consumer Spending And The Growing Trend Of Traveling Are Driving The Industry Growth | Grand View Research Inc.

Outdoor Furniture Market: Surge In The Number Of Hotels And Resorts, Increase In Consumer Spending And The Growing Trend Of Traveling Are Driving The Industry Growth | Grand View Research Inc.

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According to a recent report, published by Grand View Research Inc., increase in consumer spending and the growing trend of traveling are some of the major trends witnessed in the outdoor furniture market. Moreover, the growing consumer base in the commercial sector is likely to encourage market growth in the forthcoming period.

According to the report,“Outdoor Furniture Market Size, Share & Trends Analysis Report By Material Type (Wood, Plastic, Metal), By End Use (Commercial, Residential), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2019-2025”, growth in disposable income and rise in tourist base is more likely to develop significant market trends in the coming period. For instance, the growing tourist attraction in hill stations, monumental sites, and seaside areas is likely to augment the market development in the coming years.

Outdoor furniture is majorly used in end-use sector such as hotels, resorts, and residential areas. The selection for furniture depends on factors such as weather proof, insect resistance, pest repulsion, and crack proof. Therefore, manufacturers are more likely to encourage the shift towards eco-friendly materials that offer user-friendly features. The usage of outdoor furniture is growing tremendously in the commercial sector. The rising trend of travelling, exploration of new places, and change in lifestyles have become the key factors to boost the market growth in the commercial sector. Various manufacturers are emphasizing on commercial sector for their aforementioned factors to boost their sales for end-use applications.

Asia Pacific is the leading market for outdoor furniture owing to the presence of key players in Malaysia, Philippines, Thailand, and Singapore. The rise in medical tourism is one of the key factors for high demand in the healthcare industry. Easy availability, durability and demand for comfort are some of the features encouraging a robust development in the following years.

U.S outdoor furniture market size, by end use, 2015 - 2025 (USD Billion)

Outdoor Furniture Report Highlights:

  1. In terms of revenue,wood as a material type is projected to expand at a CAGR of 6.0% during the forecast period.

  2. Based on the end use, the residential segment dominates the market owing to growing population, increasing per capita income, and changing lifestyle.

  3. The commercial segment is the fastest growing segment, expanding at a CAGR of 6.2% in the forecast period. Growing tourism has led to an increase in the number of hotels and resorts, thus positively influencing the segment growth.

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Grand View Research has segmented the global outdoor furniture market on the basis of material type, end use, and region:

Outdoor Furniture Material Type Outlook (Revenue, USD Billion, 2015 – 2025)

  • Wood

  • Plastic

  • Metal

Outdoor Furniture End-use Outlook (Revenue, USD Billion, 2015 – 2025)

  • Commercial

  • Residential

Outdoor Furniture Regional Outlook (Revenue, USD Billion, 2015 – 2025)

  • North America

    • U.S.

    • Canada

  • Europe

    • Germany

    • U.K.

  • Asia Pacific

    • China

    • India

  • MEA

    • UAE

  • CSA

    • Brazil

List of Key Players for Outdoor Furniture Market:

  • Inter Ikea Group

  • Brown Jordan

  • Keter Group

  • Agio International Company Limited

  • Lloyd Flanders

  • Ashley Industries

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Camping Furniture Market – https://www.grandviewresearch.com/industry-analysis/camping-furniture-market

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