and is expected to grow at a CAGR of 4. 6% during 2019–2027, to account to US$ 8,750. 91 million by 2027. Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are popular among both residential and commercial end users.
New York, Oct. 27, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “North America Outdoor Furniture Market Forecast to 2027 – COVID-19 Impact and Regional Analysis By Material ; Product ; and End User”
The outdoor furniture market is witnessing substantial growth due to the increase in the number of tourists worldwide, as a result of rising trend for travelling.
The shift in consumer spending toward better living, backed by rise in per capita and disposable income, has augmented the growth of outdoor furniture market.Further, rising renovation activities of old residential buildings, along with new constructions, have also channelized the demand for the better outdoor furniture facilities such as tables, chairs, or combination sets.
Currently, consumers are looking out for outdoor furniture offering the same level of comfort as that provided by the indoor furniture; this has led to proliferated demand for seating sets in the North America outdoor garden furniture market.
Based on material, the North America 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 use of wood in the production of outdoor garden furniture has also gained prominence with the growing focus over sustainability as well as aesthetic appearance.The future growth of the market for the plastics segment is primarily attributed to the favorable properties of plastics; these are broad-range synthetic or semisynthetic organic compounds that are malleable and so can also be molded into solid objects.
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% consumption), furniture, and toys.
Low-density polyethylene (LDPE) is mainly used to prepare outdoor furniture, siding, floor tiles, shower curtains, and clamshell packaging.
North America includes developed economies such as the US and Canada and developing nations such as Mexico.The companies involved in the production of outdoor furniture are continuously enhancing the overall business processes to optimally meet the customer demand.
The demand for outdoor furniture in North America has surged owing to high trend of family gatherings and dinners at residential places and focus on the development of garden areas in offices and propagation of recreational centers.Rising disposable income, urbanization, and changing lifestyle are further boosting the market in the region.
The high purchasing power of consumers results in rising demand for outdoor furniture. Moreover, several domestic and international companies have a strong foothold in North America. Strong focus on investments in the construction and real estate segments is a key factor supporting growth of the outdoor furniture market in the region.
The COVID-19 outbreak began in Wuhan (China) in December 2019, and since then, it has spread at a fast pace across the globe.As of September 2020, the US, India, Brazil, Russia, Mexico, South Africa, Spain and the UK are among the world’s worst-affected countries in terms confirmed cases and reported deaths.
The US has the highest number of confirmed COVID-19 cases among all North American countries.The pandemic has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns.
Shutdowns of consumer goods industry and disruptions in supply chains have created strain on the supplies of the offerings of this industry. In addition, the pandemic would also affect overall manufacturing processes, research, and development activities.
The overall North America outdoor furniture market size has been derived in accordance to both primary and secondary source.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market.
Also, multiple primary interviews have been conducted with industry participants and commentators to validate data, as well as to gain more analytical insights into the topic. The participants typically involved in the process include industry expert such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the North America outdoor furniture market.
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