The Global Market for Outdoor Furniture is Projected to Reach US$30.5 Billion by 2024

Growing Emphasis on Outdoor Space as an Extension of Indoor Living Area Drives the Global Outdoor Furniture Market, According to a New Report by Global Industry Analysts, Inc.

GIA launches comprehensive analysis of industry segments, trends, growth drivers, market size, share and demand forecasts on the global Outdoor Furniture market. The global market for Outdoor Furniture is projected to reach US$30.5 billion by 2024, driven by the growing emphasis on outdoor spaces as extension of indoor living areas. The convenience of utilizing backyard gardens for hosting barbeque parties, camping and for use as a relaxation centre will also fuel growth in the market.

The global outdoor furniture market is witnessing a stupendous growth, backed by the growing emphasis of outdoor spaces as extension of today’s homes, and a growing trend and passion of homeowners in designing their outdoor living. Other factors, such as changing consumer lifestyle, improving disposable income, and growing material comforts, support the increased opportunities foreseen in the outdoor furniture segment. In addition, rising fuel costs and the convenience of utilizing backyard gardens as the perfect option for hosting barbeque parties, camping, and a relaxation center have also fuelled growth in the outdoor furniture market. The market is also driven by the increasing demand for outdoor furniture from hospitality sector, public gardens, open-air sports areas, and office spaces.

The difference between outdoor and indoor furniture is consistently reducing as outdoor furniture suppliers are including original designs and superior quality material used in indoor furniture. With the help of bi-fold as well as sliding doors, consumers are extending their living spaces. Outdoor living space has now become an extension of the indoor space. This requires elegant outdoor furniture that suits the indoor furniture. Practical lighting, modular and contemporary styles, and durable creative materials make the outdoor space more enjoyable and impressive. Outdoor furniture is now available with durable, high quality materials, and offers luxurious seating comfort. Along with resistance to the extreme climatic conditions, including moisture and dryness, heat and cold, mildew and mold, high wind and ultraviolet rays, affluent consumers are preferring comfort and superior designing while buying outdoor furniture.

As stated by the new market research report on Outdoor Furniture, the U.S., and Europe are major markets worldwide. Asia-Pacific is expected to emerge as the fastest growing region, led by rapid pace of industrialization, economic growth, improving standard of living, and increase in discretionary spending. China, backed by expanding construction investments and a booming construction sector, and India, accompanied by a rise in building construction spending, will continue to spur demand growth in the region.

Key players in the market include Ace Hardware, Adams Manufacturing,  Agio International Co., Barbeques Galore, Brown Jordan, Casual Living, Century Furniture, DEDON, Emu Group S.p.A., Fischer Möbel GmbH, Forever Patio, Hartman, Heritage Home Group, Homecrest Outdoor Living LLC, KETTAL Group, Royal Botania NV, The Home Depot Inc., The Keter Group, Treasure Garden Inc., Trex Company Inc., Winston Furniture Co. Inc., and Yotrio Corp., among others.      

The research report titled “Outdoor Furniture: A Global Strategic Business Report” announced by Global Industry Analysts Inc., provides a comprehensive review of market trends, growth drivers, product launches, innovations and strategic industry activities of major and niche global and regional players. The report provides market estimates and projections in US dollars for all major geographic markets, including the US, Canada, Japan, Europe (France, Germany, Italy, UK, Spain, Russia, and Rest of Europe), Asia-Pacific (China, India, and Rest of Asia-Pacific), Latin America (Brazil and Rest of Latin America) and Rest of World. The US market is analysed by material segments such as Metal, Plastic/Resin, Wicker/Rattan, Wood, and Others.

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