Outdoor Furniture Market: 34% of Growth to Originate from APAC | By Product, End-user, and Distribution Channel | Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2025 – Longview News-Journal

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Updated: March 14, 2022 @ 12:57 pm
Technavio has announced its latest market research report titled Outdoor Furniture Market by Product, End-user, Distribution Channel, and Geography – Forecast and Analysis 2021-2025

Technavio has announced its latest market research report titled Outdoor Furniture Market by Product, End-user, Distribution Channel, and Geography – Forecast and Analysis 2021-2025
NEW YORK, March 14, 2022 /PRNewswire/ — The “Outdoor Furniture Market by Product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products), End-user (Residential and Commercial), Distribution Channel (Offline and Online), and Geography (North America, APAC, Europe, South America, and MEA) – Forecast and Analysis 2021-2025” report has been added to Technavio’s offering.

The market value is set to grow by USD 3.73 billion, progressing at a CAGR of 3% from 2020 to 2025. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years.
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Regional Analysis & Forecasts
34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for outdoor furniture in APAC. Market growth in this region will be faster than the growth of the market in other regions.
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Key Market Dynamics
The increasing demand for patio heating products in commercial and residential spaces will be one of the significant factors fueling outdoor furniture market growth during the forecast period. Free-standing and tabletop patio heaters are widely preferred in the hospitality industry for their aesthetic appeal. With the increasing number of bars, dine-outs, pubs, party lounges, cafes, and restaurants, the demand for patio heaters is expected to proliferate. In addition to commercial spaces, the need for patio heaters is also increasing for residential users. Rising awareness about the benefits of patio heaters has contributed to this growing demand from residential customers.
The long replacement cycle will be a major challenge for the outdoor furniture market during the forecast period. Branded, superior-quality furniture, including outdoor furniture, does not require frequent replacements. Superior quality furniture made of wood is characterized by a longer replacement cycle than furniture made of cheap materials such as plastic. The high initial cost and long replacement cycle of outdoor furniture products would hinder the growth of the market. The average life of outdoor furniture products lasts for 7 to 9 years. Major furniture manufacturers offer product warranties and guarantees, which further increase product life spans. This discourages the repeat purchase of furniture. The revenue of the global furniture market, including the global outdoor furniture market, is cyclic. Thus, the long replacement cycle of furniture restricts frequent sales of outdoor furniture, thereby hampering the growth of the global outdoor furniture market.
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Segmentation Analysis & Forecasts
The outdoor furniture market share growth by the outdoor furniture and accessories segment will be significant during the forecast period.
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Major Companies of the Market
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Key Topics Covered:
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Outdoor Furniture Market Scope
Report Coverage
Details
Page number
120
Base year
2020
Forecast period
2021-2025
Growth momentum & CAGR
Accelerate at a CAGR of 3%
Market growth 2021-2025
$ 3.73 billion
Market structure
Fragmented
YoY growth (%)
2.26
Regional analysis
North America, APAC, Europe, South America, and MEA
Performing market contribution
APAC at 34%
Key consumer countries
US, China, Germany, UK, and Japan
Competitive landscape
Leading companies, competitive strategies, consumer engagement scope
Companies profiled
Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Century Furniture LLC, Gloster Furniture GmbH, Haworth Inc., Herman Miller Inc., Inter IKEA Holding BV, The Home Depot Inc., TUUCI LLC, and Williams-Sonoma Inc.
Market Dynamics
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period.
Customization preview
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.
Table of Contents
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by End-user
Market Segmentation by Distribution channel
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
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 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.
Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email:media@technavio.com
Website: www.technavio.com/

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