LONDON--(BUSINESS WIRE)--Technavio has been monitoring the outdoor furniture market and it is poised to grow by USD 8.27 billion 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.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
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What was the size of the outdoor furniture market in 2019?
As per Technavio, the global market size was USD 26.17 billion in 2019. -
Based on segmentation by product, which is the leading segment in the market?
Outdoor furniture and accessories. -
What is the key factor driving the market?
Demand for patio heating products. -
At what rate is the market projected to grow?
The market is projected to grow at a CAGR of almost 6%. -
Who are the top players in the market?
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 the top players in the market.
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. 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.
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Demand for patio heating products has been instrumental in driving the growth of the market. However, long replacement cycle might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.
Outdoor Furniture Market 2020-2024: Segmentation
Outdoor Furniture Market is segmented as below:
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Product
- Outdoor Furniture And Accessories
- Outdoor Grills And Accessories
- Patio Heating Products
-
End-user
- Residential
- Commercial
-
Distribution Channel
- Offline
- Online
-
Geographic Landscape
- APAC
- Europe
- North America
- MEA
- South America.
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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. The outdoor furniture market report covers the following areas:
- Outdoor Furniture Market Size
- Outdoor Furniture Market Trends
- Outdoor Furniture Market Industry Analysis
This study identifies innovations in product design and portfolio expansion as one of the prime reasons driving the outdoor furniture market growth during the next few years.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Outdoor Furniture Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist outdoor furniture market growth during the next five years
- Estimation of the outdoor furniture market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the outdoor furniture market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of outdoor furniture market vendors
Table of Contents:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Outdoor furniture and accessories - Market size and forecast 2019-2024
- Outdoor grills and accessories - Market size and forecast 2019-2024
- Patio heating products - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Distribution Channel
- Market segments
- Comparison by Distribution channel placement
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer Landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors Covered
- Market positioning of vendors
- 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.
- Williams-Sonoma, Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
