Outdoor Furniture Industry Statistics & Market Research-Sample

1
Global Outdoor Furniture Market Outlook
Global Outdoor Furniture Market Outlook 2024
Opportunity Growth Analysis, 2016-2024
Download Full Sample Report
Report Code AM 1335
1-646-568-7747
1-437-886-1181
44-203-318-6627
91-120-473-0422, 91-991-071-6331
sales_at_goldsteinresearch.com
Published By Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
2
Global Outdoor Furniture Market Outlook
Global Outdoor Furniture Market Share(), By
Region-2016-2024
Global Outdoor Furniture Market Size USD
(Billion). 2016-2024
Download Full Sample Report
Sample
Source Goldstein Research
Source Goldstein Research
In 2016, Outdoor Seating accounted for the
highest market share XX in Global Outdoor
Furniture Market
With XX share in 2016, North America dominated
the Global Outdoor Furniture Market
Global Retail sales (), By End Users -2016
Global Outdoor Furniture Market Share (), By
Material Type -2016
Global Outdoor Furniture Market Share(), By
Product Type-2016
Source Goldstein Research
Source Goldstein Research
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
3
Global Outdoor Furniture Market Outlook

• In 2016, overall outdoor furniture market was
  dominated by the residential market, which
  accounted for more than XX of total outdoor
  furniture and accessories. Appealing designs and
  novel technologies to build outdoor furniture has
  also attracted the new consumer base, which is
  the key factor determining the sales of new
  outdoor furniture market.
• The improved focus on high quality outdoor
  furniture has also heightened the selections and
  combinations of outdoor fabrics that homeowners
  and designers are using. Additionally, home size
  is an imperative indicator of which sets
  consumers are most probable to purchase. For
  instance, the size if the U.S residency has
  declined from 2,400 sq. ft. in 20118 to 2,200 sq.
  ft. in 2015. As a result, this influences the
  types of patio sets customers are buying. As
  living spaces become smaller, smaller sets with
  price labels in between USD 399 and USD 799 will
  continue to rise in popularity.
• Fresh trends show that outdoor furniture market
  is fast-tracking owing to the factors such as
  demand for reprocessed plastic lumber popularity
  which is commonly known as Envirowood. Outdoor
  furniture market is also profited by the
  government funding to open more leisure and green
  spaces such as gardens, sports area among other
  where people can relax. For instance, around 58
  of the total inhabitants in United Kingdom claim
  to make leisure visit every week.
• Further, expanding expenditures over the purchase
  of luxury housing and real estate properties will
  also aid the progress of outside furniture
  market. Over the next five years demand of
  purchasing luxury housing properties is expected
  to reach 20 by the wealthy population across the
  globe.
• Retail stores will continue to be the most
  lucrative sales channel for outdoor furniture,
  followed by direct to consumer channel. However
  direct to consumer channel will register a
  comparatively higher CAGR than retail stores in
  the market through 2022.

Download Full Sample Report
Leisure Lifestyle
Sample
E-commerce
Growing Hospitality Sector
Luxury Housing and Real Estate Properties
Global Outdoor Furniture Market Size (USD Billion)
North America
Europe
USD XX Billion
2016
USD XX Billion
2024
USD XX Billion
USD XX Billion
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
Copyright All Rights Reserved, Goldstein
Research
www.goldsteinresearch.com
4
Fig 13 Global Outdoor Furniture Market Size
(USD Billion)-2016-2024
Download Full Sample Report
Sample
Source Goldstein Research

• Global Outdoor Furniture Market is anticipated to
  expand at a compound annual growth rate of XX
  during the forecast period i.e. 2016-2024. The
  market is anticipated to reach USD XX billion by
  the end of 2024. The demand for modular and
  elegant furniture is growing in urban cities. The
  development in housing sector and rapid pace
  growth of metro cities is changing the living
  standards and lifestyle of the population. The
  rising tend of home décor and home furnishing
  with modular and stylish furniture is the major
  reason behind the flourishing growth of global
  outdoor furniture market.
• Furniture industry is highly unorganized in high
  potential developing regions due to presence of
  large number of local wholesalers and furniture
  shops. The wide scale availability of raw
  material such as wood, mica and other accessories
  along with cheap labor force are the two major
  factors which are responsible for the
  un-organized segment of this industry.
• Online space furniture store market is projected
  to expand at a CAGR of XX during 2016-2024 when
  compared to offline with XX CAGR during
  2016-2024 online channel estimated to gain high
  jump in urban regions across the globe.

5
Download Full Sample Report

• Rapid Urbanization is Driving the Outdoor
  Furniture market
• Growing urbanization across the globe and others
  is supporting the culture of housing societies.
  Moreover, the corporate sector globally is
  uplifting on the back of ease of doing business
  reforms introduced by the government
• The pace in urbanization further boost the demand
  for modular and western style furniture in
  developing countries. The demand for durable and
  hybrid seating furniture is expected to drive the
  global outdoor furniture market
• The technological advancements such as
  availability of high speed internet networks such
  as 4G and spiked absorption of smart gadgets such
  as smart phones and tables is boosting the
  e-retail sector globally. These advancements
  further provides ease to the customers to buy
  furniture through online channels
• The rising trend of modular and state of the art
  furniture among the population living in urban
  cities is boosting the growth for furniture
• Moreover, the rising growth of wood industry in
  Global further compensate the price of furniture.
  On the back of these factors the furniture
  industry is expected to propel in Global

Recent News and Trends

• The 100 FDI in retail sector further increasing
  the penetration of international players in the
  Indian market such as Ikea. The rising foreign
  direct investment in retail sector further
  enhances the furniture industry in India
• Worlds largest furniture retailer Ikea is
  investing USD XX Million in India as part of
  plans to have XX stores across the globe by 2025.
  These rapid investments in furniture industry
  further change the scenario of global furniture
  market
• The rising trend of online and mobile shopping
  further boost the demand for furniture through
  online channels. Various furniture companies such
  as Pepperfry, Urban ladder and others are
  creating huge demand from these online channels
• Online retailers utilize interest-based
  advertising to target internet users whose
  browsing behavior indicates they might be
  interested in certain categories of products

Sample

• Impact Analysis-
• Rapid urbanization and growing demand for modular
  and compact furniture is expected to heavily
  impact on the growth of furniture market in near
  future
• With the housing market returning and buyers
  feeling more comfortable with the economy, its
  good news for the furniture industry since the
  housing and real estate market are the largest
  drivers of industry demand. there has been a
  steady annual increase of about 4.5 in new
  furniture sales among global furniture
  manufacturers

Fig 5-3 Influence of Loyalty Programs in
Selecting Furniture Retail Brands- by Different
Generations ()
Source Primary Source
6

• Unorganized Industry in Majority of the Regions
• It is a challenging task for the major players
  to generate the revenue and to maintain the
  growth of their share in furniture market across
  the globe. The major challenge for the key
  players is the presence of large number of
  unorganized players
• The major part of this industry, approximately
  more than 80 is in the unorganized sector. The
  remaining part comprises of large manufacturers,
  such as, Godrej Boyce Manufacturing Co. Ltd.,
  BP Ergo, Featherlite, and others
• The unorganized players sell their product
  through local shops which decreases the cost of
  distribution channel. Thus, they can easily sell
  their product at low cost by maintaining their
  margin cost as well
• The presence of large number of local furniture
  manufacturers further hampers the growth of
  organized global furniture market. Further, the
  unorganized players in the furniture industry
  offers the same products as of organized players
  but at low prices. However, at some point the
  quality of the material is also compromised by
  unorganized players without the knowledge of the
  consumers. The population further incline towards
  the low cost furniture products

Download Full Sample Report
Sample
Fig 17 Reason behind the growth in Global
Furniture Market-2016-2024

• Impact Analysis-
• The presence of large number of unorganized
  players in the furniture industry is restraining
  the growth of global furniture market.
• The rich and upper middle class is typically very
  attentive to design and quality, so price is
  rarely a determining factor. However, the middle
  class population is creating a huge demand for
  furniture on the back of price of the products
• High cost of modular furniture is one the major
  reason behind the sluggish growth of furniture
  market in Global. On the other hand presence of
  counterfeit products at low cost by the
  unorganized players is limiting the growth of
  furniture industry

Source Goldstein Research
Impact on Global Outdoor Furniture Market
7

• As living conditions continue to improve in China
  and other developing countries people are
  becoming more and more willing to invest in home
  decoration. Consumers increasing purchasing
  power has driven the furniture market to develop
  in leaps and bounds. In 2016, the total sales of
  furniture manufacturing enterprises grew XX year
  on year to USD XX billion in APAC region, while
  total profits grew XX year on year to USD XX
  billion.
• Luxury/branded goods consumers These consumers
  want furniture to reflect their taste and style.
  While making their purchase, they would also like
  to enjoy aesthetics and cultural elements. They
  are at the forefront of trends in aesthetics,
  lifestyle and price concepts.
• An increasing number of consumers, in particular
  mid-to-high end consumers and childrens
  furniture consumers, choose to embrace new living
  concepts, such as the eco home. These consumers
  have a strong preference for environment-friendly
  furniture, such as odour- and formaldehyde-free
  products/

Fig 17 Global Outdoor Furniture Market Share,
By Product Type, 2016-2024
Download Full Sample Report
Sample
Source Goldstein Research
Fig 17 Global Outdoor Furniture Market Y-O-Y
Growth, By Product Type, , 2016-2024
Fig 17 Global Outdoor Furniture Market Size
(USD Billion), By ProductType-2016-2024
Source Goldstein Research
8

• The global market for outdoor furniture is
  growing. Consumers increasingly use their garden
  as living space, a place for active and passive
  recreation. Therefore, outdoor furniture has to
  meet the same needs as indoor furniture.
  Sustainability and design are becoming
  increasingly important. Another trend is
  developing furniture for relatively small spaces
  like balconies. The Europe is an especially
  interesting focus region, with a strong market
  for developing countries.
• Growing disposable and per-capita income in the
  Middle East and Asian countries offers huge
  potential for outdoor furniture. High net worth
  individuals buy free-hold residential properties
  in Middle East which has open/large gardens and
  private beach which requires extensive use of
  exclusive outdoor wooden furniture.
• Further, the hotel FB space continues to show
  growth, with overall consumer spending increasing
  XX percent in 2017 and showing a robust XX
  percent annual growth since 2011.

Fig 17 Global Outdoor Furniture Market Share,
By Food Products, 2016-2024
Download Full Sample Report
Sample
Source Goldstein Research
Fig 17 Global Outdoor Furniture Market Y-O-Y
Growth, By Food Product Type, , 2016-2024
Source Goldstein Research
Fig 17 Consumer Preferences To Shop For
Furniture, By Different Demographics
Source Goldstein Research
9
Fig 17 Global Outdoor Furniture Market
Attractiveness-By Product Type, 2016-2024
Download Full Sample Report
CAGR ()
Market Size (USD Million)
Tables
Day Beds and Sun lounges
Source Goldstein Research
Sample
Outdoor seating holds the largest revenue share
in the global outdoor furniture market. Further,
hospitality sector is likely to boost the sales
of day beds and sun lunges over the forecast
period. Demand in the outdoor furniture market
has been extending from specialised sectors, such
as star-grade hotels, restaurants, exclusive
clubs, leisure venues and residential
communities, to the home sector, including
private gardens, rooftops and terraces.
Development in the home sector is gathering
momentum. Outdoor furniture is increasingly
popular in the Chinese market. Available in an
increasing variety, outdoor furniture mainly
falls under the following categories beach beds,
rattan chairs, leisure chairs, bamboo chairs, and
other outdoor furniture items. Among these,
rattan chairs and leisure chairs account for a
bigger share.
Fig 17 Global Outdoor Furniture Market BPS
Analysis- By Type 2016-2024
Source Goldstein Research
10
Download Full Sample Report
North America Outdoor Furniture Market Size (USD
Billion)-2016-2024
Sample
Source Goldstein Research
North America North America Outdoor Furniture
Market Size (USD Billion), By Product
Type-2016-2024
North America North America Outdoor Furniture
Market Size (USD Billions), By Country-2016-2024
Source Goldstein Research
Source Goldstein Research
11
Download Full Sample Report
United States Outdoor Furniture Market Size (USD
Billion), Compound Annual Growth Rate (), Y-O-Y
Growth Rate (), 2016-2024
Sample
Source Goldstein Research
Key Insights
Fig 24 U.S Increase in No. of Furniture Retail
Stores, 2012-2016

• According to Goldstein Research U.S households
  spent over nearly USD XX billion on the outdoor
  market (include furniture, shade products and
  grills) and about USD XX billion alone on outdoor
  furniture in 2016 and it is predicted that XX
  more of U.S households plan to purchase an
  outdoor furniture in the coming year.
• According to the U.S Census Bureau there were
  83.1 million millennial in 2015 and tis
  demographic presents more than one quarter of the
  nations population making them the largest age
  demographic and potential consumers in the
  united States.

Source Goldstein Research
According to Casual Living and Apartment Therapy
survey, nearly XX of all outdoor furniture sales
comes from home improvement and discount
department stores. The same survey also revealed
that the vast majority of consumer who shop at
these retail stores signified that price was the
most important purchasing consideration, followed
by quality/durability and style/design. Its also
important to note that 67 of sales in outdoor
patio furniture occurs between the months of
March and June. For most of the United States
except Midwest region, the most popular month to
buy is May
12
North America Outdoor Furniture Market
Attractiveness-By Country, 2016-2024
Download Full Sample Report
CAGR ()
Market Size (USD Billion)
Source Goldstein Research
Sample
According to the above graph, U.S. outdoor
furniture market is anticipated to be the most
attractive market across all the countries in
outdoor furniture market, for new entrants
looking to enter in the market, existing players
looking for business expansion and investors
seeking investment opportunities over the
forecast period i.e. 2016-2024 The United States
has increased its furniture exports to the tune
of achieving USD XX Billion USD in 2016. It also
has increased its furniture imports by about XX
over the last year, mostly coming from China and
Vietnam. The import figure translated to about
USD XX billion in 2016, and with such numbers the
US is considered the largest importer of
furniture in the world today. Furthermore, some
US furniture companies have gone a step even
further by opening factories in Asia
North America North America Outdoor Furniture
Market BPS Analysis- By Country, 2016-2024
Source Goldstein Research
13
IKEA (Company Overview Business Strategy)
Download Full Sample Report
Founded 1943
Website www.ikea.com
Employees 147,000
Headquarters Netherlands
Company Overview
Key Products
Home Electronics
Indoor Gardening
Outdoor Furniture
Baby Children's Products
Bathroom Storage
Desks
Eating

• IKEA is a Swedish-founded Dutch-based
  multinational group, that designs and sells
  ready-to-assemble furniture, kitchen appliances
  and home accessories.
• As of November 2017, IKEA owns and operates 415
  stores in 49 countries. In fiscal year 2016, USD
  XX billion worth of goods were sold, a total that
  represented a XX percent increase over 2015. The
  IKEA website contains about 12,000 products and
  is the closest representation of the entire IKEA
  range. There were over XX billion visitors to
  IKEA's websites in the year from September 2015
  to August 2016.
• More than half of the production i.e. XX of the
  production is in Europe and the company has 315
  IKEA Group stores in 27 countries across the
  globe
• Most of IKEA's stores and factories were
  previously owned by INGKA, a holding company
  controlled by the Stichting INGKA Foundation, one
  of the 40 wealthiest foundations in the world

Sample
Business Strategy
Offering the lowest prices Cost effectiveness is
one of the solid bases of IKEA competitive
advantage. The global furniture retailer is able
to offer low prices thanks to a combination of
economies of scale and technological integration
into various business processes. International
market expansion strategy The home improvement
and furnishing chain has traditionally engaged in
new market development in an aggressive manner.
IKEA Group has 340 stores in 28 markets
worldwide, 22 Pick-up and Order Points in 11
countries, 41 Shopping Centres in 15 countries
and 38 Distribution sites in 18 countries. The
company is planning to open stores in India and
Serbia in medium term perspective. Increasing
variety of products Great range of products also
belongs to the list of IKEA competitive
advantages. There are 9500 products across in
IKEA portfolio and the company renews its product
range annually launching approximately 2,500 new
products. The company is also increasing its
presence in food and catering industries.
14
Download Full Sample Report
Thank you