Global Outdoor Furniture Market Overview:
Outdoor furniture, also called patio furniture or Garden furniture, is a type of furniture specifically designed for outdoor use. It is typically made of weather-resistant materials such as aluminum materials which do not rust. However, it is also made from other materials such as plastic, wood, textile, among others. They come in a variety of styles, shapes, and design as per the user needs. The growing hospitality industry is one of the major factor propelling the growth of the market. Some of the players profiled in the study are Steelcase Inc. (United States), La-Z-Boy Incorporated (United States), DEDON GmbH (Germany), Brown Jordan International, Inc. (United States), Barbeques Galore (Aust) Pty Limited (Australia), Williams-Sonoma, Inc. (United States), Gloster furniture GmbH (Germany), Winston Furniture Company, Inc. (United States), Homecrest Outdoor Living, LLC (United States) and Oceans Outdoor Furniture Ltd. (United Kingdom). According to Market Analyst at AMA, the Global Outdoor Furniture market may see a growth rate of 4.6% and would reach the market size of USD23.02 Billion by 2025.
On the basis of geography, the market of Outdoor Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Outdoor Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Metal will boost the Outdoor Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- The Growing Hospitality Industries, Office Spaces, Public Gardens, and Open-Air, Sports Areas
- Rapid Popularity in Outdoor Decorating Products
- The shift in Consumer Lifestyle and Per-Capita Income
- Increasing Urbanization
- Growing Demand for Environment-Friendly Outdoor Furniture
- Increasing Demand for Grilling Products
- Outdoor Furniture Products with Multifunctional Features
- Availability of Counterfeit Products
- Rapid Expansion in E-commerce Retail Stores
- The Expanding Hospitality Segment across the Globe
- The Rising demand from Developing Regions
Key Market Developments:
On 3 Oct 2018, Brown Jordan, an icon in luxury outdoor furniture manufacturer, recently announced the company’s comprehensive rebrand. The rebrand includes a new visual identity, executed through a multi-media channel plan, including a redesigned website, social media support, digital advertising and more. The visual identity also extends into the company’s showroom experience beginning with the brand’s showroom in Chicago’s Merchandise Mart.
On 19 Dec 2017, Bassett Furniture Industries Inc. has announced the acquisition of certain assets of Heritage Home Group LLC's outdoor furniture brand Lane Venture for 15.5 million USD, part of Bassett's strategy to move into the outdoor furniture market.
On 4 June 2018, Steelcase, a leading outdoor furniture manufacturer has announced a new relationship with Extremis, a renowned Belgian furniture design group. Steelcase will offer a collection of Extremis products throughout the United States, Mexico, and Canada. The Extremis collection adds to the extensive Steelcase portfolio of outdoor furnishings, offering expanded design options with easy access through one of the largest dealer networks in the industry.
Outdoor Furniture Manufacturers, Outdoor Furniture Raw Material Suppliers, Outdoor Furniture Traders/Distributors, Outdoor Furniture Importer/Exporter, Industry Association, Downstream Vendors and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Outdoor Furniture market on the basis of product [Chairs, Tables, Seating Sets, Dining Sets, Loungers & Daybeds and Others] , application [Residential and Commercial], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Outdoor Furniture market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Outdoor Furniture industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are Century Furniture LLC (United States), Agio International Co., Inc. (United States) and Laneventure, Inc. (United States).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Outdoor Furniture market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.