DUBLIN--(BUSINESS WIRE)--The "Global Outdoor Furniture Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.
The outdoor furniture market will register a CAGR of over 5% by 2023.
The innovation in product design along with the portfolio expansion is driving the global outdoor furniture market. With changing lifestyles of the population across the nations, the emphasis on outdoor decoration has increased considerably. To meet the growing demand, the vendors in the market are expanding their product lines by providing new patio furniture through new ranges and collections.
Vendors are also increasingly offering furniture with a wide variety of designs, durability, and colors to entice customers. Previously, cushions for outdoor seating were ideally used to protect furniture from heat. However, as these are now being considered as accessories, soil and stain-resistant fabrics for cushions have started garnering a wider appeal among consumers. Therefore, vendors are also planning to implement geometric themes along with ethnic and tribal patterns in their furniture products.
The availability of such products will further drive the sales and positively influence the global outdoor furniture market during the forecast period.
Increasing demand for patio heating products in commercial & residential spaces
Patio heaters have high demand in commercial spaces, which include pubs, party lounges, cafés, and restaurants. The rising number of pubs and restaurants that have outdoor dining spaces has contributed to the increasing demand for patio heaters. Therefore, the increasing demand for patio heaters in commercial and residential spaces contributes to the growth of the global outdoor furniture market during the forecast period.
Long replacement cycle
The long replacement cycle of outdoor furniture product could hinder the growth of the market. The furniture products including outdoor furniture are meant for long-term use and they do not require frequent replacement. This factor hinders the growth of the market.
Competitive Landscape
The market appears to be moderately fragmented with the presence of several vendors. The vendors are innovating in product design and portfolio expansion, such instances will drive the market growth.
This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.
Key Players
- Ashley Furniture Industries
- Berkshire Hathaway Inc.
- Brown Jordan International
- Inter IKEA Systems B.V.
- Williams-Sonoma Inc.
Topics Covered
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: MARKET LANDSCAPE
- Market ecosystem
- Market characteristics
- Market segmentation analysis
PART 04: MARKET SIZING
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
PART 05: FIVE FORCES ANALYSIS
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
PART 06: MARKET SEGMENTATION BY PRODUCT
- Comparison by product
- Outdoor furniture and accessories - Market size and forecast 2018-2023
- Outdoor grills and accessories - Market size and forecast 2018-2023
- Patio heating products - Market size and forecast 2018-2023
- Market opportunity by product
PART 07: MARKET SEGMENTATION BY END-USER
- Comparison by end-user
- Residential - Market size and forecast 2018-2023
- Commercial - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 08: CUSTOMER LANDSCAPE
PART 09: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
- Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Online - Market size and forecast 2018-2023
- Market opportunity by distribution channel
PART 10: GEOGRAPHIC LANDSCAPE
- Geographic comparison
- North America - Market size and forecast 2018-2023
- APAC - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 11: DRIVERS AND CHALLENGES
PART 12: MARKET TRENDS
- Increasing demand for environment-friendly outdoor furniture
- Increasing availability of multi-functional outdoor furniture
- Growing sales of outdoor furniture products online
PART 13: VENDOR LANDSCAPE
- Overview
- Landscape disruption
- Competitive scenario
PART 14: VENDOR ANALYSIS
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Ashley Furniture Industries
- Berkshire Hathaway Inc.
- Brown Jordan International
- Inter IKEA Systems B.V.
- Williams-Sonoma Inc.
For more information about this report visit https://www.researchandmarkets.com/research/wrmn2p/global_outdoor?w=4
