Global Patio Furniture Market Overview:
Patio furniture also called outdoor or garden furniture are the products designed to provide both aesthetic and functional benefits in commercial and residential establishments. This furniture provides comfort and looks very appealing. Wood is among the most common material used in patio chairs and tables, while the need for rust-proof and weather-resistant products will drive metal furniture demand. Major consumers of patio furniture are the hospitality industry such as hotels, motels, restaurants, etc.
Growth Drivers
- Growing Tourism Industry and Increasing Consumer Spending on Leisure & Experiences
- Rapid Urbanization Coupled With an Increasing Urban Population in Emerging Countries
Market Trends
- Growing Trend of Wooden Based Furniture in Hotels and Tourism Places
Roadblocks
- Increase in the Prices of Patio Furniture Owing to Increase in Raw Material Cost
Opportunities
- Growing Tourism Sector in Developing Economies
- Rapid Expansion of Product Portfolio & Distribution Network
Challenges
- Limited Availability of Skilled Labor
Competitive Landscape:
The global patio furniture market is fragmented in nature as more players have started designing furniture by keeping in mind the consumer demand. Major players are innovating their products such as the quality of material, design, and to extend the life of the furniture. Moreover, geographical expansion is one of the strategies, manufacturers are adapting to fulfill the global demand of the market.
Some of the key players profiled in the report are Inter IKEA Holding B.V. (Netherlands), At Home Stores LLC (United States), Williams-Sonoma, Inc. (United States), Crate and Barrel (United States), CB2 (Canada), The Brick (Canada), Hauser Stores (Canada), Ashley Furniture Industries Inc. (United States), Century Furniture LLC (United States) and Agio International Company Limited (United States). Additionally, following companies can also be profiled that are part of our coverage like Brown Jordan (United States), Keter Group (Israel), Lloyd Flanders, Inc. (United States), Homecrest Outdoor Living LLC (United States), EMU Group S.p.A. (Italy) and The Courtyard (India). Analyst at AMA Research see United States Vendors to retain maximum share of Global Patio Furniture market by 2026. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Patio Furniture market. Considering Market by Material Type, the sub-segment i.e. Plastic will boost the Patio Furniture market.
In 2018, Inter Ikea Group started providing its services in countries like India and China. Ikea expanded its operation in India due to the rapid development in this country in the last few years.
What Can be Explored with the Patio Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the Global Patio Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Patio 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 Patio 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 Patio 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 Patio Furniture Manufacturers, Raw Material Suppliers, Traders/Exporters/Importers/Distributors, Furniture Manufacturing Companies, End-Use Industry 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.