Outdoor Furniture Market to grow USD 8.27 billion through 2024 | Key Drivers, Trends, and Market Forecasts | 17000+ Technavio Research Reports

NEW YORK, May 5, 2021 /PRNewswire/ —
The outdoor furniture market is set…

NEW YORK, May 5, 2021 /PRNewswire/ —

The outdoor furniture market is set to grow by USD 8.27 billion, progressing at a CAGR of over 3% during 2020-2024. The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment.

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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. The rising demand for patio heating products will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Outdoor Furniture Market 2020-2024: Segmentation

Outdoor Furniture Market is segmented as below:

  • 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: Vendor Analysis and Scope

To help businesses improve their market position, the outdoor furniture market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include 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.

The report also covers the following areas:

  • Outdoor Furniture Market size
  • Outdoor Furniture Market trends
  • Outdoor Furniture Market industry analysis

The rising demand for patio heating products is likely to emerge as one of the primary drivers of the market. However, a long replacement cycle may threaten the growth of the market.

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Backed with competitive intelligence and benchmarking, our research reports on the outdoor furniture market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

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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

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