Global Outdoor Bar Furniture Market Overview:
Outdoor bar furniture is a special type of furniture designed for outdoor use. It's mostly constructed with weather-resistant materials. Plastic, wood, aluminum, wicker, and wrought iron are the most common materials for outdoor bar furniture. Since wood bar furniture is susceptible to the elements, it must be handled on a regular basis. Teak is a popular choice for outdoor furniture. It is naturally silica-rich, making it immune to fungal decay, certain water-related effects (such as rot, swelling, and warping), and chemicals. It's also heat, acid, and alkali resistant. With the increasing number of travelers who come to enjoy the scenery the demand for outdoor bar furniture is also increasing.
Growth Drivers
- Increasing Demand of Outdoor Bar Furniture Owing to Growing Number of Bars
- Growing Consumption of Outdoor Bar Furniture Due to Demand for Better Aesthetics in Bar
Market Trends
- Introduction of New Stylish Outdoor Bar Furniture as Opposed to Traditional
- Adoption of Eco-Friendly Material in Making of Outdoor Bar Furniture
Roadblocks
- Decreased Demand Due to Covid-19 Pandemic
Opportunities
- Opportunity to Sell Weather-Resistant Outdoor Bar Furniture
- Growing Consumption of Outdoor Bar Furniture from Hilly Areas and Hill Stations
Challenges
- Restrictions Against Cutting Trees
- Demand for Custom Made Furniture Which Takes Time to Build
Competitive Landscape:
Some of the key players profiled in the report are Herman Miller (United States), Brown Jordan (United States), Apricity (United States), Braxton Culler (United States), Patio Furniture (United States), Harmonia Living (United States), Cast Classics (United States), Castelle (United States), Gloster (Germany), Sunset West (United States) and Ebel (Switzerland). Additionally, following companies can also be profiled that are part of our coverage like One Step Furniture (India), Wicker Hub (India) and Metro Plus Life Style (India). Considering Market by Sales Channel, the sub-segment i.e. Sales Agent will boost the Outdoor Bar Furniture market. Considering Market by Material, the sub-segment i.e. Wooden will boost the Outdoor Bar Furniture market.
Latest Market Insights:
In July 2018, Brown Jorden a leading manufacturer of outdoor furniture based in the US announced that they are preparing the introduction of multiple collections during the ICFA preview market. According to the company, these introductions are the culmination of a research and design process spanning over the past year by the award-winning Castelle product development team. Collections include designer collaborations to contemporary and transitional styles.
What Can be Explored with the Outdoor Bar Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Outdoor Bar Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Outdoor Bar Furniture
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Outdoor Bar Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Outdoor Bar Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Outdoor Bar Furniture Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.