Outdoor Furniture and Accessories Market Scope
Rise in disposable income and changing consumer lifestyle are the factors driving market growth Outdoor furniture are type of furniture specially designed for the outdoor use. It is made of water resistant material, wood, metals, and textiles. It is mainly used for outdoor comfort and Decorate the garden or house.
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|Key Companies Profiled||Coco Wolf (United Kingdom), RODA (Germany), Manutti (Germany), Tuuci (United States), Kettal Group (Spain), EGO Paris (France), De Castelli (Italy), Royal Botania (Belgium), AK 47 (Italy), Vondom (United States), Summit Furniture (United States), McKinnon & Harris (England), Henry Hall Designs (United States) and Zachary A Design (United Kingdom)|
The market for the Outdoor furniture and accessories is highly competitive and dominated by few key player. The market has a vendor landscape that is extremely competitive. A number of businesses are also taking part in significant mergers and acquisitions as part of crucial plans to increase their market share globally.
Coco Wolf (United Kingdom), RODA (Germany), Manutti (Germany), Tuuci (United States), Kettal Group (Spain), EGO Paris (France), De Castelli (Italy), Royal Botania (Belgium), AK 47 (Italy), Vondom (United States), Summit Furniture (United States), McKinnon & Harris (England), Henry Hall Designs (United States) and Zachary A Design (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Talenti (United States), Shadowspec (New Zealand), B & B Italia (Italy), Exteta (Italy), Umbrosa (Belgium) and Gandiablasco (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
The study have segmented the market of Global Outdoor Furniture and Accessories market by Type , by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Outdoor Furniture and Accessories 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). region held largest market share in the year 2022.
Market Leaders and their expansionary development strategiesOn June 2021, Twin Star Home provider of the Omni channel indoor and outdoor home furnishing accessories announced the acquisition of classic accessories provider of outdoor living and leisure that includes patio and garden furnishings, cushions and accessories and On April 2021, Furniture brand Herman miller and knoll announced the merger of both companies the stock transaction is valued at 1.8 billion USD. The brand also announced new combined website
On May 2022, Best Buy provider of TVs, Smartphone expand its business into beauty gadget and patio furniture. Best Buy in expanding its merchandise categories such as beauty gadget and outdoor furniture
Influencing Trend:Growing urban population and consumer shifting their attention toward garden and backyard is the key trend driving the market growth
Market Growth Drivers:Rising disposable income is driving the market growth and Increasing tourism industry worldwide boost the market growth
Challenges:Fluctuation in raw material prices limits the market growth and Changing environment condition in different region stymies the market growth
Restraints:Insufficient trained labour available to fulfil changing customer demand hampers the market growth
Opportunities:Government investment in the public garden and parks create lucrative growth opportunities for the market and The rising demand for balcony furniture coupled with the thriving real estate industry create tremendous opportunities for the market
Key Target AudienceNew Entrants and Investors, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others