Outdoor Furniture Market estimated to gain high demand by 2026 - PowerPoint PPT Presentation

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Outdoor Furniture Market estimated to gain high demand by 2026

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The ongoing expansion of the commercial sector across the world is slated to propel the global outdoor furniture market revenues through the forthcoming timeframe. – PowerPoint PPT presentation

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Date added: 3 August 2020
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Title: Outdoor Furniture Market estimated to gain high demand by 2026


1
Outdoor Furniture Market Overview by Growth
Opportunities and Regional Forecast to 2026
  • The ongoing expansion of the commercial sector
    across the world is slated to propel the global
    outdoor furniture market revenues through the
    forthcoming timeframe. Commercial establishments
    like hospitality, educational institutes, and
    offices are creating immense demand for outdoor
    furniture products, particularly across
    developing nations.
  • In addition, the robust tourism sector is
    actively providing significant scope for
    furniture deployment, especially in places like
    restaurants, hotels, and motels, augmenting
    business growth. In fact, as per the WTTC (World
    Trade and Tourism Council), in 2018, the tourism
    sector observed growth of 3.9, which as more
    than the 3.2 global GDP growth that year. The
    industry contributed an unprecedented 8.8
    trillion to the global economy, generating about
    10.4 of the overall global economy activity in
    2018.

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Rights Reserved
www.gminsights.com
2
  • According to a research report by Global Market
    Insights Inc., the outdoor furniture market is
    likely to surpass a valuation of 20.6 billion by
    2026.
  • In terms of material, the plastic furniture
    segment is observing increasing adoption among
    customers due to some of its benefits like easy
    maintenance, high durability, economical pricing,
    and lightweight. Plastic furniture is generally
    made of polypropylene that has a copolymer for
    impact as well as one for rigidity. It also
    contains 15 filler to offer effectively decrease
    prices and enhance rigidity. The plastic material
    segment is projected to expand at a CAGR of more
    than 4 through the analysis timespan.
  • With regards product, the growing adoption of
    daybeds and loungers across several commercial
    application avenues like bars, office lounges,
    hotels, restaurants, resorts, and swimming pools
    is expected to augment the segment growth over
    the coming years. These products offers better
    comfort to consumers and come with superior
    customization and styling capabilities, which his
    further impelling their demand across such
    commercial establishments, fueling industry
    revenues. In 2019, the segment held an industry
    demand share of more than 7.5 with estimates
    anticipating to record more growth over the
    projected timeframe.

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Rights Reserved
www.gminsights.com
3
Request for a Sample Copy of this Report _at_
https//www.gminsights.com/request-sample/detail/3
025
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Rights Reserved
www.gminsights.com
4
  • Regional Analysis
  • Steady improvements in economic conditions, rapid
    urbanization, improving lifestyles, and
    increasing level of disposable income of
    consumers across countries like South Korea,
    India, and China is expected to majorly drive the
    Asia Pacific outdoor furniture market share. In
    addition, the growing influence of western trends
    and culture coupled with increasing consumer
    inclination towards multifunctional furniture
    would further drive product demand across the
    Asia Pacific.
  • Competitive Analysis
  • The competitive landscape of the global outdoor
    furniture market is inclusive of players such as
    Gloster, Fischer Mobel GmbH, Agio International
    Company Limited, Kettal, Homecrest Outdoor
    Living, Treasure Garden Incorporated, Brown
    Jordan, Inter IKEA Group, Century Furniture and
    Ashley Furniture Industries among others.

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Rights Reserved
www.gminsights.com
5
Latest Research Report On Outdoor Furniture
Market _at_ https//www.gminsights.com/industry-analy
sis/outdoor-furniture-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
3025
Request for customization https//www.gminsights
.com/roc/3025
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Rights Reserved
www.gminsights.com
6
Stay In Touch You can visit us at
www.gminsights.com
Thank You!
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Rights Reserved
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www.gminsights.com
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