SIGHTS | The Asia Pacific Outdoor Furniture Market Was Valued at Us$ 4,137.69 Million in 2018, And It Is Expected to Grow at a Cagr of 4.9% During 2019–2027, to Reach Us$ 6,383.64 Million by 2027.


Reportlinker.com announces the release of the report “Asia Pacific Outdoor Furniture Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Material ; Product ; and End User”

Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, hammocks, and others are quite popular among both the residential and commercial customers.The outdoor furniture market on a wide scale has been witnessing substantial growth in the recent past.

Factors including the rise in consumer spending & traveling trends resulted in a rise in the number of tourists across the world.These factors are mostly observed in tourist spots, beach sides, and hill stations, thereby leading to multiplying counts of motels, hotels, guest houses, resorts, open spaces, and public gardens.

The rise in focus towards attractive garden and lounge areas has perpetually driven the demand for aesthetic items such as chairs, tables, and other accessories. It is expected to have a positive impact upon market growth.

 

The shift in consumer spending towards better living backed by rise in per capita and disposable income has augmented the growth of outdoor furniture market. Furthermore, renovations in old residential building along with new constructions have also channelized the demand for the better outdoor furniture facilities such as table, chairs or combination sets. In current era, consumers are looking out for outdoor furniture which offers the same level of comfort as that provided by the indoor furniture which has proliferated the demand for seating sets in the Asia Pacific outdoor garden furniture market. In addition to this, the usage of wood in production of outdoor garden furniture has also gained prominence with the growing focus over sustainability as well as aesthetic appearance.

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Based on material, the Asia Pacific outdoor furniture market has been segmented into wood, metal, plastics and others.In 2018, the wood segment dominated the market, and the market for the plastic is projected to grow at the highest CAGR during the forecast period.

The growth of the plastic segment is primarily attributed to the fact that plastic are wide range of synthetic or semi-synthetic organic compounds that are malleable and so can also be molded into solid objects.Plastics are basically organic polymers with high molecular mass and often contain other substances as well.

They are primarily synthetic, and most commonly derived from petrochemicals.However, arrays of variants are prepared from renewable materials, including polylactic acid from corn or cellulosic from cotton linters.

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In developed economies, approximately a third of plastic is utilized in packaging and roughly the same in buildings in applications, including piping, plumbing, or vinyl siding. Other uses include automobiles (up to 20% plastic), furniture, and toys. Low-density polyethylene (LDPE) is mainly used to prepare outdoor furniture, siding, floor tiles, shower curtains, and clamshell packaging.

Asia Pacific includes developed economies such as the China, japan, India, Australia, South Korea, Rest of APAC as a developing nation.The companies involved in the production of outdoor furniture are continuously enhancing the overall business processes to meet the customers demand in the best possible way.

Several domestic and international companies have a strong foothold in Asia Pacific.In the region, the China is a major market for outdoor furniture, followed by India and rest of Asia Pacific, respectively.

 

The demand for outdoor furniture in Asia Pacific has surged owing to the adoption of better standards of living along with higher income level in the western parts.An upsurge in the demand for outdoor gardening and outdoor & rooftop seating has created a fruitful growth of the market in the Asia Pacific region.

Rising disposable income, urbanization, and better lifestyles, further boosting the market. The high purchasing power of the consumers results in rising demand for outdoor furniture. The manufactured outdoor furnitures are marketed all across Asia Pacific. The Asia Pacific manufacturers at the nascent stage exported to other parts of the world. Besides this, the growing application of outdoor furnitures in residential and commercial applications also supports the market for outdoor furniture in the Asia Pacific region.

 

*The new is extracted from and original published on Global Newswire, all rights belong to it.