Outdoor Furniture Market Is Booming Worldwide Trends, Demands, Growth And Forecast 2030
Research Reports
Apr 18, 2022
Market Overview
The Outdoor Furniture Market is evaluated to achieve a Compound Annual Growth (CAGR) of 6% in the projected forecast period(2022 – 2030). Furthermore, the market value is expected to reach up to USD 29.3 Billion by 2030.
Mainly the tourist spots emerged as the main driver for the boost in the Outdoor Furniture Market Growth. The significant increase of the purchasing power of consumers, such as traveling internationally, is increasing the market demand. Hence, the increase in the rate of international travel is boosting the market demand significantly.
Simultaneously, public gardens, hotels, resorts, and open spaces for comfortable seating are bolstering the market. However, the need for high quality is increasing to attract more potential customers. All these factors are helping the Outdoor Furniture Market to propel in the projected forecast period.
Apart from that, the changes in weather conditions are also creating a significant impact. As a result, the demand for outdoor furniture is also expected to slow down. Moreover, rapid demand for urbanization and expansion urban population is fuelling the demand. Also, in the past several years, the products of outdoor furniture have emerged as one of the attractive items for residential and commercial places.
Get Free Sample Report @https://www.marketresearchfuture.com/sample_request/2077
Furthermore, the boost in the real estate industry will simultaneously impact the Outdoor Furniture Market positively. The demand for extra space in backyards, balconies, indoor gardens will improve the demand for outdoor furniture to add aesthetic appeal to the area.
Due to the imposition of lockdown, companies face significant complications in meeting their partners and improving their supply chain. Hence, it has affected the revenue generation of the companies in this industry. Along with that, the low availability of raw materials and termination by the retail stores have led to a considerable decline in market growth.
Market Segmentation
The Outdoor Furniture Market is segmented into product, material type and end-user.
Based on the type of product, the market is segmented into five main categories, i.e., wood, metal, textile, plastic and others.
Also, the seating sets and chairs category in the product type segment is expected to incur significant growth.
The market is also segmented based on the end-user, which is commercial and residential purposes.
Access Complete Report @https://www.marketresearchfuture.com/reports/outdoor-furniture-market-2077
Regional Classification
The Outdoor Furniture Market has been studied for 6 main regions: Asia-Pacific, Europe, North America, South America, and the Middle East and North America.
There is a significant demand for outdoor furniture in North America. This area is anticipated to develop faster due to the increasing demand for luxurious food and high population density at a rapid speed. Apart from that, Europe is experiencing robust growth in the forecast period. Mainly due to the favorable climate and easy availability of woods, the European region is having a significant boost.
Industry News
A British brand for furniture called Very Good and Proper launched in the Outdoor Furniture Market Size in 2021. This brand is providing sustainable furniture for the outdoors for the summer season. They are also providing sustainable furniture solutions with aesthetic designs suitable for urban areas.
Related Links-
Zero-energy Buildings Market- https://www.marketresearchfuture.com/reports/zero-energy-buildings-market-5325
Surface Mining Market- https://www.marketresearchfuture.com/reports/surface-mining-market-5494
Glass Fiber Reinforced Concrete Market- https://www.marketresearchfuture.com/reports/glass-fiber-reinforced-concrete-market-6220
Digitally Printed Wallpaper Market- https://www.marketresearchfuture.com/reports/digitally-printed-wallpaper-market-7250
About Market Research Future –
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research Consulting Edibles.
MRFR team has the supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end-users, and market players for global, regional, and country-level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with the technology and work process of the industry, MRFR often plans to conduct meet with the industry experts and industrial visits for its research analyst members.
Contact Information:
Contact: Market Research Future® 99 Hudson Street,5Th Floor New York, New York 10013 United States of America
Phone:
+1 628 258 0071(US) +44 2035 002 764(UK)
Email:
sales@marketresearchfuture.com Website:
https://www.marketresearchfuture.com
Tags:
PR-Wirein, Wire, Research Newswire, English