Outdoor Furniture Market Report Published by Goldstein Research

New York, USA, 2018-Nov-16 — /EPR Network/ —According to Goldstein Research, world outdoor furniture market is expected to reach more than USD 14.3 billion by 2024 from USD 9.1 billion in 2016, growing at a compounded annual growth rate of 5.6% over the forecast period 2016-2024. The trend of luxury housing, growing real estate sector and rising disposable income of people is driving the growth of world outdoor furniture market. Global outdoor furniture market segmentation has been carried out on the basis of product type, material type, end users, distribution channel and region.

Based on end users, the residential end user segment accounted for more than 85.0% of global furniture market share. Over the next 3 years, demand of luxury housing is estimated to reach 20%. Global outdoor furniture market is majorly driven by North America with a revenue share of 32.0% in 2016. North America outdoor furniture market is growing on the back of high personal disposable income of the people who are involved in buying outdoor furniture and accessories. North America is followed by Europe outdoor furniture market with 28.0% revenue share in 2016.

Browse Full Report: https://www.goldsteinresearch.com/report/global-outdoor-furniture-accessories-market

Market Segmentation

On the basis of our in-depth analysis, Global Outdoor Furniture Market can be segmented as follows:

By Product Type

  • Outdoor Seating
  • Day Beds and Sun lounges
  • Tables
  • Decorative and Leisure Furniture

By Material Type

  • Wood
  • Plastic
  • Metal
  • Other (Leather, etc.)

By End Users

  • Residential
  • Commercial

By Distribution Channel:

  • Online Distribution Channels
  • Offline Distribution Channels

By Region

  • North America
  • Europe
  • Middle East and Africa
  • Latin America
  • Asia Pacific

“Global Outdoor Furniture Industry Analysis” contains detailed overview of the global outdoor furniture market. On the basis of our in-depth analysis, market can be segmented in terms of market segmentation by product type, material type, end users and distribution channel.

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Further, for the in-depth analysis, Outdoor Furniture Market Report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis. This market report also includes competitive outlook of some of the major players profiling of companies such as IKEA, Williams-Sonoma, Ashley Furniture, Brown Jordan, Century Furniture, Forever Patio, Home Depot, Home Crest Outdoor Living, Adams Manufacturing, Hospitality Rattan, Zuo Modern, Alfresco Home, Winston Furniture, etc.

The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services and industries catered, financial analysis of the company and recent developments. Overall, the report represents the global outdoor furniture industry research report analysis along with market forecast that will help industry consultants, technology providers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

Key questions answered in this Global Outdoor Furniture Report

  • What is the Global Outdoor Furniture Market Size by 2024 and what would be the expected growth rate of the industry?
  • What is the total revenue per segment and region in 2015-16 and what would be the expected revenue per segment and region over the forecast period?
  • What are the outdoor furniture market trends?
  • What are the factors which are driving this industry?
  • What are the major barriers to outdoor furniture industry growth?
  • Who are the key vendors in this industry space?
  • What are the industry opportunities for the existing and entry level players?
  • What are the recent developments and business strategy of the key players?

Outdoor furniture market is further bifurcated in various segments with separate market analysis mentioned below:

Furniture Market

Furniture market globally has its increasing foothold. With the rapid urbanization in a region real estate market also tends to grow thus driving the growth in demand for furniture. Global furniture market is majorly driven by the Asia Pacific, majorly India and China in terms of both manufacturing and consumption of furniture. World furniture market size expected to reach more than USD 550 billion by 2024 from USD 400 billion in 2016, growing at a compounded annual growth rate of 4.2% over the forecast period 2016-2024.

Office Furniture Market

With the increasing globalization, new office space is being developed which is pushing the demand for office furniture. Office furniture market size is set to reach USD 96.2 billion by 2024 from the current USD 61.2 billion, growing at a CAGR of 5.8% over the forecast years. The growth of the market is driven by the price, quality and technology of the office furniture.

Global Healthcare Furniture Market Analysis

The healthcare furniture includes all the movable & stationary furniture in the diagnostic office & labs, waiting area, and patient ward. Global healthcare furniture market size is set to grow at a CAGR of 6.8% over the forecast period 2017-2025. The increasing number of hospitals and other healthcare facilities coupled with the increasing number of patients all over the world is driving the growth of healthcare furniture market.

RTA Furniture Market

RTA furniture gained its popularity in furniture market for its low cost and high functionality as compared to ready-to-use (RTU) furniture. Global RTA furniture market is expected to showcase significant growth to surpass USD 33 billion by 2024. Geographically, Western Europe dominates the global furniture market with more than more than 25% global furniture production and over 25% of entire furniture consumption.

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