Outdoor Furniture Manufacturing
Although US demand for outdoor furniture has risen steadily, industry manufacturers have had a diminished role in supplying it due to intense import competition, causing industry revenue to fall over the five years to 2017. Outdoor furniture is less expensive to manufacture abroad, especially in countries such as China and Vietnam. Foreign manufacturers can then pass these cost savings to customers in the form of lower prices, widening their appeal to budget-conscious consumers. Prospects for industry growth will continue to be bleak over the five years to 2022. The US dollar is expected to continue appreciating, making imports even more affordable to domestic consumers. Therefore, while the industry will not suffer from a shortage in demand for outdoor furniture, challenges lie in the manufacturing of a quality product at a competitive price point.
This industry manufactures outdoor furniture, such as lawn and patio chairs, picnic tables and patio umbrellas. Outdoor furniture can be made of various materials, including metal, wood and plastic. Items are designed to be placed outside the home. Furniture designed specifically for camping is excluded from this industry.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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