The "North America Outdoor Furniture Market Forecast to 2027 - COVID-19 Impact and Regional Analysis By Material (Metal, Plastic, Wood, and Others); Product (Chairs, Tables, Seating Sets, Loungers and Daybeds, and Dining Sets); and End User (Residential, and Commercial)" report has been added to ResearchAndMarkets.com's offering.
The North America outdoor furniture market accounted to US$ 5,807.13 million in 2018, and is expected to grow at a CAGR of 4.6% during 2019-2027, to account to US$ 8,750.91 million by 2027.
Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are popular among both residential and commercial end users. The outdoor furniture market is witnessing substantial growth due to the increase in the number of tourists worldwide, as a result of rising trend for travelling.
The shift in consumer spending toward better living, backed by rise in per capita and disposable income, has augmented the growth of outdoor furniture market. Further, rising renovation activities of old residential buildings, along with new constructions, have also channelized the demand for the better outdoor furniture facilities such as tables, chairs, or combination sets.
Currently, consumers are looking out for outdoor furniture offering the same level of comfort as that provided by the indoor furniture; this has led to proliferated demand for seating sets in the North America outdoor garden furniture market.
Based on material, the North America outdoor furniture market has been segmented into wood, metal, plastics, and others. In 2018, the wood segment dominated the market, and the market for the plastic is projected to grow at the highest CAGR during the forecast period. The use of wood in the production of outdoor garden furniture has also gained prominence with the growing focus over sustainability as well as aesthetic appearance.
The future growth of the market for the plastics segment is primarily attributed to the favorable properties of plastics; these are broad-range synthetic or semisynthetic organic compounds that are malleable and so can also be molded into solid objects. In developed economies, approximately a third of plastic is utilized in packaging and roughly the same in buildings in applications, including piping, plumbing, or vinyl siding.
North America includes developed economies such as the US and Canada and developing nations such as Mexico. The companies involved in the production of outdoor furniture are continuously enhancing the overall business processes to optimally meet the customer demand. Several domestic and international companies have a strong foothold in North America. The US is a major market for outdoor furniture in North America, followed by Canada and Mexico, respectively.
The demand for outdoor furniture in North America has surged owing to high trend of family gatherings and dinners at residential places and focus on the development of garden areas in offices and propagation of recreational centers. Rising disposable income, urbanization, and changing lifestyle are further boosting the market in the region.
The high purchasing power of consumers results in rising demand for outdoor furniture. Moreover, several domestic and international companies have a strong foothold in North America. Strong focus on investments in the construction and real estate segments is a key factor supporting growth of the outdoor furniture market in the region.
Key Topics Covered:
1.1 Scope of the Study
1.2 Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
4. Outdoor furniture Market Landscape
4.1 Market Overview
4.1.1 North America PEST Analysis
5. North America Outdoor furniture Market - Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Rising Trend Towards Travelling And Shift In Lifestyle
5.1.2 Growing Preference for Aesthetic Furniture
5.2 Key Market Restraints
5.2.1 High Cost Along With Long Replacement Cycle May Impede Market Growth
5.3 Key Market Opportunities
5.3.1 Rise in use of Multipurpose Outdoor Furniture
5.4 Key Trends
5.4.1 Adoption of Eco-Friendly Materials
5.5 Impact Analysis of Drivers and Restraints
6. Outdoor Furniture- North America Market Analysis
6.1 North America Outdoor Furniture Market Overview
6.2 North America outdoor furniture Market Forecast and Analysis
7. North America Outdoor Furniture Market Analysis - By Material
7.2 Outdoor Furniture Market Breakdown, By Material, 2018 & 2027
8. North America Outdoor furniture Market Analysis - By Product
8.2 North America Outdoor Market, By Product (2018 and 2027)
8.5 Seating Seats
8.6 Loungers and Daybeds
8.7 Dining Sets
9. North America Outdoor furniture Market Analysis - By End User
9.2 North America Outdoor Furniture Market, By End User (2018 and 2027)
10. North America Outdoor furniture Market - Country Analysis
11. Impact of COVID-19 Pandemic on North America Outdoor furniture Market
11.2 North America: Impact Assessment of COVID-19 Pandemic
12. Company Profiles
Agio International Company, Ltd.
Ashley Home Stores, Ltd.
Century Furniture LLC
Home Crest Outdoor Living LLC.
Inter Ikea Systems B.V.
Florida Patio Furniture Inc.
For more information about this report visit https://www.researchandmarkets.com/r/987ide
View source version on businesswire.com: https://www.businesswire.com/news/home/20210127005504/en/
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