Outdoor Furniture Market Scope
Outdoor furniture, also called patio furniture or Garden furniture, is a type of furniture specifically designed for outdoor use. It is typically made of weather-resistant materials such as aluminum materials which do not rust. However, it is also made from other materials such as plastic, wood, textile, among others. They come in a variety of styles, shapes, and design as per the user needs. The growing hospitality industry is one of the major factor propelling the growth of the market.
According to AMA, the Global Outdoor Furniture market is expected to see growth rate of 4.6%On 4 June 2018, Steelcase, a leading outdoor furniture manufacturer has announced a new relationship with Extremis, a renowned Belgian furniture design group. Steelcase will offer a collection of Extremis products throughout the United States, Mexico, and Canada. The Extremis collection adds to the extensive Steelcase portfolio of outdoor furnishings, offering expanded design options with easy access through one of the largest dealer networks in the industry. Research Analyst at AMA estimates that United States Vendors will contribute to the maximum growth of Global Outdoor Furniture market throughout the predicted period.
Steelcase Inc. (United States), La-Z-Boy Incorporated (United States), DEDON GmbH (Germany), Brown Jordan International, Inc. (United States), Barbeques Galore (Aust) Pty Limited (Australia), Williams-Sonoma, Inc. (United States), Gloster furniture GmbH (Germany), Winston Furniture Company, Inc. (United States), Homecrest Outdoor Living, LLC (United States) and Oceans Outdoor Furniture Ltd. (United Kingdom) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research are Century Furniture LLC (United States), Agio International Co., Inc. (United States) and Laneventure, Inc. (United States).
Segmentation Overview
The study have segmented the market of Global Outdoor Furniture market by Type (Chairs, Tables, Seating Sets, Dining Sets, Loungers & Daybeds and Others), by Application (Residential and Commercial) and Region with country level break-up.
On the basis of geography, the market of Outdoor Furniture has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Influencing Trend:
Growing Demand for Environment-Friendly Outdoor Furniture, Increasing Demand for Grilling Products and Outdoor Furniture Products with Multifunctional Features
Market Growth Drivers:
The Growing Hospitality Industries, Office Spaces, Public Gardens, and Open-Air, Sports Areas, Rapid Popularity in Outdoor Decorating Products, The shift in Consumer Lifestyle and Per-Capita Income and Increasing Urbanization
Restraints:
Availability of Counterfeit Products
Opportunities:
Rapid Expansion in E-commerce Retail Stores, The Expanding Hospitality Segment across the Globe and The Rising demand from Developing Regions
Market Leaders and their Expansionary Development Strategies
On 3 Oct 2018, Brown Jordan, an icon in luxury outdoor furniture manufacturer, recently announced the company’s comprehensive rebrand. The rebrand includes a new visual identity, executed through a multi-media channel plan, including a redesigned website, social media support, digital advertising and more. The visual identity also extends into the company’s showroom experience beginning with the brand’s showroom in Chicago’s Merchandise Mart.
On 19 Dec 2017, Bassett Furniture Industries Inc. has announced the acquisition of certain assets of Heritage Home Group LLC's outdoor furniture brand Lane Venture for 15.5 million USD, part of Bassett's strategy to move into the outdoor furniture market.
Key Target Audience
Outdoor Furniture Manufacturers, Outdoor Furniture Raw Material Suppliers, Outdoor Furniture Traders/Distributors, Outdoor Furniture Importer/Exporter, Industry Association, Downstream Vendors and Others
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.