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.