Outdoor furniture or garden furniture is a type of furniture specially made for outdoor use. These types of furniture need to be weather resistant, which is why they are designed using materials such as rust-resistant aluminum.
NEW YORK, Jan 26, 2023 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the “Analysis Report on Global Outdoor Furniture Market Size, Industry Share and Trends, by End Use, by Material Type, by Region, Outlook and Forecasts” , 2022 – 2028″ – https://www.reportlinker.com/p06412070/?utm_source=GNW was created with common weather factors such as rain, cold, humidity and sunshine in mind. This furniture also has properties such as corrosion resistance and minimal wear and tear on parts and fixtures on furniture.The materials used to make outdoor furniture vary by cost and region.Patio furniture can help add character and comfort to an outdoor space, which is the main reason why customers are investing in it.The most common pieces of furniture are tables and chairs.These pieces of furniture are so versatile that they can be used in any outdoor area, be it a ba seine, garden, balcony or terrace. It also enhances the design as they can turn an ordinary stone patio or terrace into an outdoor seating area. In recent years, al fresco dining culture has become popular, and as a result, restaurants have been developing and expanding their offerings to accommodate al fresco dining areas. This is mainly due to the fact that outdoor furniture effectively enlivens the local area, thereby delighting and attracting more customers. In the early days, people exposed their home furniture outside, but there will be many issues such as fading, cracking, chipping, and eventually breaking. Home furniture is not designed to withstand extreme temperatures and weather, so it will deteriorate more quickly if left outside. Consequently, the growing trend of outdoor furniture encourages consumers to buy furniture specifically designed for outdoor spaces. Outdoor furniture companies develop products that do not suffer from the problems associated with conventional furniture. Various products have been used to preserve the color, shape and texture of garden furniture. For example, companies use polyester and solution-dyed acrylic in outdoor furniture because these materials help resist mold, moisture, and stains. COVID-19 impact analysis The housing sector has not generated any demand and the lockdown laws have further triggered the closure of the hotel sector resulting in negligible demand. COVID-19 has affected stay at home, leaving consumers tired of their existing furniture. After the pandemic, people are spending even more money now that they have significant disposable income. Home renovations and upgrades, as well as tourism, have increased since the lockdown. As a result, there has been an increase in demand for outdoor furniture in both commercial and residential settings. In addition, the growing trend towards socializing and partying has increased the demand for stylish and designer furniture and decorations. Finally, it has been observed that although the market was adversely affected during the pandemic, this change in trend has led to the growth of the outdoor furniture market since the pandemic. Market Growth Factors Increased demand for lightweight and durable furniture The search for lightweight and cheap materials in the furniture industry has led to an increasing use of plastic and wooden furniture. Some metal alloys are also available for lightweight and durable furniture designs. In addition, the demand for outdoor furniture is also expected to increase due to the high performance of these materials. Most of these advances can be seen in the use of plastics. Hence, these factors are likely to open up new growth opportunities for the outdoor furniture market during the forecast period. Growing penetration of organized retail and growing demand for personalized furniture The importance of organized stores offering branded garden furniture and other home products has increased as consumers prefer branded products. The changing retail landscape, especially in developing countries, is characterized by the growth of hypermarkets, supermarkets and specialty formats. With busy lifestyles and work schedules, people value comfort and convenience more than ever. Hence, these factors will play an important role in driving the growth of the outdoor furniture market. Due to the high cost of raw materials, market restrictions lead to limited production. Since outdoor furniture is made from wood, plastic, metal, or any combination of these, production capacity is very sensitive to changes in material prices. Most of the industries involved in the production of these materials are considered environmentally harmful or carbon negative. These negative connotations are acquired through large-scale deforestation and mining. Strict regulations are imposed on this activity, which further increases the price of the material. All these factors work against the outdoor furniture market and hinder its growth. Overview of materials Depending on the material, the outdoor furniture market is divided into wood, plastic and metal. The plastic segment achieved significant growth in the outdoor furniture market in 2021. Plastic furniture is most often used in the form of chairs and tables for patios and other places. Plastic furniture is usually developed from polypropylene and polyethylene, which makes it light, waterproof, durable in a wide range of outdoor temperatures, making it resistant to solar ultraviolet rays. End Use Perspectives On the basis of end use, the outdoor furniture market is divided into commercial and residential. The residential segment will have the largest revenue share in the outdoor furniture market in 2021. Growth in per capita income, lifestyle changes, westernization and population growth are the main factors driving the growth of the segment. In addition, urbanization and increased disposable income have accelerated the growth in home sales, further increasing the demand for many decor items. Regional Overview Analyzes the outdoor furniture market in North America, Europe, Asia Pacific and LAMEA based on the region. In 2021, the North American market accounted for the largest share of revenue in the outdoor furniture market. The growing trend towards gatherings and family meals is increasing the demand for the product in the region. In addition, the area has seen a significant increase in front and back yard spaces, maintained and created to enhance the aesthetics of the surrounding areas with gardens and furniture. Since the region has a developed tourism industry, there is also a huge demand from the commercial sector. The market research report covers the analysis of the main stakeholders in the market. Key companies featured in the report include Kimball International, Inc., Inter IKEA Systems BV (Inter IKEA Holding BV), Keter Group BV (BC Partners), Ashley Furniture Industries, LLC, Brown Jordan, Inc, Agio International Company, Ltd, Lloyd. Flanders, Inc., Barbeques Galore Pty, Ltd, Century Furniture LLC (RHF Investments, Inc.) and Aura Global Furniture. Market segmentation by scope covered in the report: By end use Residential Commercial By type of material Wood Plastic Metal Metal By geography North America United States Canada Mexico Rest of North America Europe Germany United Kingdom United Kingdom France Russia Spain Italy Italy Rest of Europe • Asia Pacific China Japan India Korea Singapore Malaysia Other Asia Pacific • Latin America Brazil Argentina United Arab Emirates Saudi Arabia South Africa Nigeria Rest of LAMEA Company Profile • Kimball International, Inc. • Inter IKEA Systems BV (Inter IKEA Holding BV) • Keter Group BV (BC Partners) • Ashley Furniture Industries, LLC • Brown Jordan, Inc • Agio International Company, Ltd • Lloyd Flanders, Inc. • Barbeques Galore Pty, Ltd • Century Furniture LLC (RHF Investments, Inc.) • Aura Global Furniture Unique offerings • Full coverage • Largest number of market tables and figures • Subscription-based model available • Best price guarantee • Guaranteed after-sales research support, 10% free customization Read full report: https: //www.reportlinker.com/p06412070/?utm_source=GNWA award-winning market research solution. Reportlinker finds and organizes the latest industry data so you can instantly get all the market research you need in one place.
Post time: Feb-06-2023
