The
outdoor furniture market and it is
poised to grow by USD 8.27 bn during 2020-2024, progressing at a CAGR of almost
6% during the forecast period. The report offers an up-to-date analysis
regarding the current market scenario, latest trends and drivers, and the
overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and
pessimistic) considering the impact of COVID-19. Please Request Latest Free Sample
Report on COVID-19 Impact
The market is fragmented, and the degree of fragmentation will
accelerate during the forecast period. Ashley Furniture Industries Inc.,
Barbeques Galore, Berkshire Hathaway Inc., Brown Jordan Inc., Century Furniture
LLC, Herman Miller Inc., Home Depot Product Authority LLC, Inter IKEA Systems
B.V., Lowe's Companies Inc., and Williams-Sonoma, Inc, are some of the major
market participants. Although the increasing demand for patio heating products
in commercial and residential spaces will offer immense growth opportunities,
long replacement cycle will challenge the growth of the market participants. To
make the most of the opportunities, market vendors should focus more on the
growth prospects in the fast-growing segments, while maintaining their
positions in the slow-growing segments.
Increasing demand for patio heating products in commercial and
residential spaces has been instrumental in driving the growth of the market.
However, long replacement cycle might hamper market growth.
Outdoor Furniture Market 2020-2024 : Segmentation
Outdoor furniture market is segmented as below:
·
Product
o
Outdoor Furniture and Accessories
o
Outdoor Grills and Accessories
o
Patio Heating Products
·
End-user
o
Residential
o
Commercial
·
Distribution Channel
o
Offline
o
Online
·
Geographic Landscape
o
APAC
o
Europe
o
North America
o
MEA
o
South America
Outdoor Furniture Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study,
synthesis, and summation of data from multiple sources. Our outdoor furniture market report
covers the following areas:
·
Outdoor Furniture Market Size
·
Outdoor Furniture Market Trends
·
Outdoor Furniture Market Industry Analysis
This study identifies innovation in product design and portfolio
expansion as one of the prime reasons driving the outdoor furniture market
growth during the next few years.
Outdoor Furniture Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the
outdoor furniture market, including some of the vendors such as Ashley
Furniture Industries Inc., Barbeques Galore, Berkshire Hathaway Inc., Brown
Jordan Inc., Century Furniture LLC, Herman Miller Inc., Home Depot Product
Authority LLC, Inter IKEA Systems B.V., Lowe's Companies Inc., and
Williams-Sonoma, Inc. Backed with competitive intelligence and benchmarking,
our research reports on the outdoor furniture market are designed to provide
entry support, customer profile and M&As as well as go-to-market strategy
support
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