The outdoor furniture market is expected to grow by USD 8.27 billion, progressing at a CAGR of almost 3% during the forecast period.
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Technavio has announced its latest market research report titled Global Outdoor Furniture Market 2020-2024 (Graphic: Business Wire)
The rising demand for patio heating products is one of the major factors propelling market growth. However, factors such as long replacement cycle will hamper the market growth.
More details: https://www.technavio.com/report/outdoor-furniture-market-analysis-industry-analysis
Outdoor Furniture Market: Product Landscape
Based on the product landscape, the outdoor furniture and accessories segment is expected to post significant growth during the forecast period.
Outdoor Furniture Market: Geographic Landscape
By geography, North America is going to have a lucrative growth during the forecast period. About 33% of the market’s overall growth is expected to originate from North America. Market growth in this region will be slower than the growth of the market in APAC and South America.
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Companies Covered:
- Ashley Furniture Industries Inc.
- Barbeques Galore
- Berkshire Hathaway Inc.
- Brown Jordan Inc.
- Century Furniture LLC
- Herman Miller Inc.
- Home Depot Product Authority LLC
- Inter IKEA Systems B.V.
- Lowe's Companies Inc.
- Williams-Sonoma, Inc
What our reports offer:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers market data for 2019, 2020, until 2024
- Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.
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Key Topics Covered:
Executive Summary
- Market Overview
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product placement
- Outdoor furniture and accessories - Market size and forecast 2019-2024
- Outdoor grills and accessories - Market size and forecast 2019-2024
- Patio heating products - Market size and forecast 2019-2024
- Market opportunity by Product
Market Segmentation by End-user
- Market segments
- Comparison by End-user placement
- Residential - Market size and forecast 2019-2024
- Commercial - Market size and forecast 2019-2024
- Market opportunity by End-user
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel placement
- Offline - Market size and forecast 2019-2024
- Online - Market size and forecast 2019-2024
- Market opportunity by Distribution channel
Customer landscape
- Overview
Geographic Landscape
- Geographic segmentation
- Geographic comparison
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- Europe - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
Drivers, Challenges, and Trends
- Market drivers
- Volume driver - Demand led growth
- Volume driver - Supply led growth
- Volume driver - External factors
- Volume driver - Demand shift in adjacent markets
- Price driver - Inflation
- Price driver - Shift from lower to higher-priced units
- Market challenges
- Market trends
Vendor Landscape
- Overview
- Landscape disruption
- Vendor Analysis
Vendors covered
- Market positioning of vendors
- Ashley Furniture Industries, Inc.
- Barbeques Galore
- Berkshire Hathaway Inc.
- Brown Jordan, Inc.
- Century Furniture LLC
- Herman Miller, Inc.
- Home Depot Product Authority LLC
- Inter IKEA Systems B.V.
- Lowe's Companies Inc.
- Williams-Sonoma, Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
View source version on businesswire.com: https://www.businesswire.com/news/home/20210120005557/en/
