Global Outdoor Furniture Market 2019-2023

Global Outdoor Furniture Market 2019-2023

About this market

The innovation in product design along with the portfolio expansion is driving the global outdoor furniture market. With changing lifestyles of the population across the nations, the emphasis on outdoor decoration has increased considerably. To meet the growing demand, the vendors in the market are expanding their product lines by providing new patio furniture through new ranges and collections. Vendors are also increasingly offering furniture with a wide variety of designs, durability, and colors to entice customers. Previously, cushions for outdoor seating were ideally used to protect furniture from heat. However, as these are now being considered as accessories, soil and stain-resistant fabrics for cushions have started garnering a wider appeal among consumers. Therefore, vendors are also planning to implement geometric themes along with ethnic and tribal patterns in their furniture products. The availability of such products will further drive the sales and positively influence the global outdoor furniture market during the forecast period. Technavio’s analysts have predicted that the outdoor furniture market will register a CAGR of over 5% by 2023.

Market Overview

Increasing demand for patio heating products in commercial and residential spaces

Patio heaters have high demand in commercial spaces, which include pubs, party lounges, cafés, and restaurants. The rising number of pubs and restaurants that have outdoor dining spaces has contributed to the increasing demand for patio heaters. Therefore, the increasing demand for patio heaters in commercial and residential spaces contributes to the growth of the global outdoor furniture market during the forecast period.

Long replacement cycle

The long replacement cycle of outdoor furniture product could hinders the growth of the market. The furniture products including outdoor furniture are meant for long-term use and they do not require frequent replacement. This factor hinders the growth of the market.

For the detailed list of factors that will drive and challenge the growth of the outdoor furniture market during the 2019-2023, view our report.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. The vendors are innovating in product design and portfolio expansion, such instances will drive the market growth. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market’s competitive landscape and offering information on the products offered by companies.


PRESS RELEASE

Technavio Announces the Publication of its Research Report – Global Outdoor Furniture Market 2019-2023

Technavio recognizes the following companies as the key players in the global outdoor furniture market: Ashley Furniture Industries, Berkshire Hathaway Inc., Brown Jordan International, Inter IKEA Systems B.V., Williams-Sonoma, Inc..

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is the increasing demand for environment- friendly outdoor furniture.”

According to the report, one of the major drivers for this market is the growing residential and commercial construction market.

Further, the report states that one of the major factors hindering the growth of this market is fluctuations in raw material prices.

Companies Mentioned

Ashley Furniture Industries

Berkshire Hathaway Inc.

Brown Jordan International

Inter IKEA Systems B.V.

Williams-Sonoma Inc.

  • Executive summary
  • Scope of the report
    • Preface
    • Currency conversion rates for US$
  • Market landscape
    • Market ecosystem
      • Table Global furniture market
      • Table Segments of global furniture market
    • Market characteristics
      • Table Market characteristics
    • Market segmentation analysis
      • Table Market segments
  • Market sizing
    • Market definition
      • Table Market definition - Inclusions and exclusions checklist
    • Market sizing 2018
      • Table Market size 2018
    • Market size and forecast 2018-2023
      • Table Global market: Size and forecast 2018-2023 ($ billions)
      • Table Global market: Year-over-year growth 2019-2023 (%)
  • Five forces analysis
    • Table Five forces analysis 2018
    • Table Five forces analysis 2023
    • Bargaining power of buyers
      • Table Bargaining power of buyers
    • Bargaining power of suppliers
      • Table Bargaining power of suppliers
    • Threat of new entrants
      • Table Threat of new entrants
    • Threat of substitutes
      • Table Threat of substitutes
    • Threat of rivalry
      • Table Threat of rivalry
    • Market condition
      • Table Market condition - Five forces 2018
  • Market segmentation by product
    • Table Product - Market share 2018-2023 (%)
    • Comparison by product
      • Table Comparison by product
    • Outdoor furniture and accessories - Market size and forecast 2018-2023
      • Table Outdoor furniture and accessories - Market size and forecast 2018-2023 ($ billions)
      • Table Outdoor furniture and accessories - Year-over-year growth 2019-2023 (%)
    • Outdoor grills and accessories - Market size and forecast 2018-2023
      • Table Outdoor grills and accessories - Market size and forecast 2018-2023 ($ billions)
      • Table Outdoor grills and accessories - Year-over-year growth 2019-2023 (%)
    • Patio heating products - Market size and forecast 2018-2023
      • Table Patio heating products - Market size and forecast 2018-2023 ($ billions)
      • Table Patio heating products - Year-over-year growth 2019-2023 (%)
    • Market opportunity by product
      • Table Market opportunity by product
  • Market segmentation by end-user
    • Table End-user - Market share 2018-2023 (%)
    • Comparison by end-user
      • Table Comparison by end-user
    • Residential - Market size and forecast 2018-2023
      • Table Residential - Market size and forecast 2018-2023 ($ billions)
      • Table Residential - Year-over-year growth 2019-2023 (%)
    • Commercial - Market size and forecast 2018-2023
      • Table Commercial - Market size and forecast 2018-2023 ($ billions)
      • Table Commercial - Year-over-year growth 2019-2023 (%)
    • Market opportunity by end-user
      • Table Market opportunity by end-user
  • Customer landscape
    • Table Customer landscape
  • Market segmentation by distribution channel
    • Table Distribution channel - Market share 2018-2023 (%)
    • Comparison by distribution channel
      • Table Comparison by distribution channel
    • Offline - Market size and forecast 2018-2023
      • Table Offline - Market size and forecast 2018-2023 ($ billions)
      • Table Offline - Year-over-year growth 2019-2023 (%)
    • Online - Market size and forecast 2018-2023
      • Table Online - Market size and forecast 2018-2023 ($ billions)
      • Table Online - Year-over-year growth 2019-2023 (%)
    • Market opportunity by distribution channel
      • Table Market opportunity by distribution channel
  • Geographic landscape
    • Geographic segmentation
      • Table Market share by geography 2018-2023 (%)
    • Geographic comparison
      • Table Geographic comparison
    • North America - Market size and forecast 2018-2023
      • Table North America - Market size and forecast 2018-2023 ($ billions)
      • Table North America - Year-over-year growth 2019-2023 (%)
    • APAC - Market size and forecast 2018-2023
      • Table APAC - Market size and forecast 2018-2023 ($ billions)
      • Table APAC - Year-over-year growth 2019-2023 (%)
    • Europe - Market size and forecast 2018-2023
      • Table Europe - Market size and forecast 2018-2023 ($ billions)
      • Table Europe - Year-over-year growth 2019-2023 (%)
    • South America - Market size and forecast 2018-2023
      • Table South America - Market size and forecast 2018-2023 ($ billions)
      • Table South America - Year-over-year growth 2019-2023 (%)
    • MEA - Market size and forecast 2018-2023
      • Table MEA - Market size and forecast 2018-2023 ($ billions)
      • Table MEA - Year-over-year growth 2019-2023 (%)
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
      • Table Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table New privately-owned housing units started in the US by purpose and design 2015-2017 (units in thousand)
    • Market challenges
      • Table Impact of drivers and challenges
  • Market trends
    • Increasing demand for environment-friendly outdoor furniture
    • Increasing availability of multi-functional outdoor furniture
    • Growing sales of outdoor furniture products online
  • Vendor landscape
    • Overview
      • Table Vendor landscape
    • Landscape disruption
      • Table Landscape disruption
    • Competitive scenario
  • Vendor analysis
    • Vendors covered
      • Table Vendors covered
    • Vendor classification
      • Table Vendor classification
    • Market positioning of vendors
      • Table Market positioning of vendors
    • Ashley Furniture Industries
      • Table Ashley Furniture Industries - Vendor overview
      • Table Ashley Furniture Industries - Product segments
      • Table Ashley Furniture Industries - Organizational developments
      • Table Ashley Furniture Industries - Key offerings
    • Berkshire Hathaway Inc.
      • Table Berkshire Hathaway Inc. - Vendor overview
      • Table Berkshire Hathaway Inc. - Business segments
      • Table Berkshire Hathaway Inc. - Organizational developments
      • Table Berkshire Hathaway Inc. - Segment focus
      • Table Berkshire Hathaway Inc. - Key offerings
    • Brown Jordan International
      • Table Brown Jordan International - Vendor overview
      • Table Brown Jordan International - Business segments
      • Table Brown Jordan International - Key offerings
    • Inter IKEA Systems B.V.
      • Table Inter IKEA Systems B.V. - Vendor overview
      • Table Inter IKEA Systems B.V. - Business segments
      • Table Inter IKEA Systems B.V. - Organizational developments
      • Table Inter IKEA Systems B.V. - Key offerings
    • Williams-Sonoma, Inc.
      • Table Williams-Sonoma, Inc. - Vendor overview
      • Table Williams-Sonoma, Inc. - Business segments
      • Table Williams-Sonoma, Inc. - Organizational developments
      • Table Williams-Sonoma, Inc. - Segment focus
      • Table Williams-Sonoma, Inc. - Key offerings
  • Appendix
    • Research methodology
      • Table Validation techniques employed for market sizing
    • List of abbreviations
  • Explore Technavio

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