What is Sunloungers Market?
Outdoor fittings are not only comfortable and functional but also stylish and can help make a style statement in the back garden, patio and other places. Sunloungers are a long chair that is used for sitting or lying outdoors, that will make a stylish addition to any outdoor space. The rising financial ability to spend on leisure and experiences is increasing consumer spending on outdoor Sunloungers in the residential sector. Several homeowners are focusing on enhancing the garden and balcony appearance with delightful appealing sitting areas. The choice of Sunloungers is highly dependent upon the external climatic conditions thus the demand for the sunloungers in the market is increasing.
The market study is being classified by Type (Adjustable, Folding, Floating and Others), by Application (Patio, Beach, Garden and Others) and major geographies with country level break-up.
Chimes(United Kingdom), vidaXL (United States), Ashley Furniture(United States), Ikea (Netherlands), Restoration Hardware (United States)’, Wicker Sun (Australia) and Pepperfry(India) are some of the key players profiled in the study.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches, and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Sunloungers market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Sunloungers market by Type, Application and Region.
On the basis of geography, the market of Sunloungers 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). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Growing demand for outdoor furniture
- Growing real estate industry and the urban population
- Increasing per capita and disposable income
Market Trend
- Increasing consumer spending on Sunloungers by tourists has increased in areas like seaside areas, hill stations, scenic beauty places, and historical monuments
Restraints
- Fluctuated price of raw material
Opportunities
- Emerging demand from the developing regions due to increasing construction activities
- The increasing number of hotels and restaurants may drive the outdoor Sunloungers
Challenges
- The entrance of new market players
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Sunloungers Manufacturer, Government Regulatory and Research Organizations and End-Use Industry