September 15, 2021
According to the research report titled ‘North America Outdoor Furniture Market Forecast 2027 By Product, By Material, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share‘, available with Market Study Report, North America outdoor furniture market is expected to register momentous growth over 2017-2027.
As per the findings of the literature, shifting customer inclination towards opulent living environments and increasing frequency of social events like social gatherings and parties are catalyzing the growth of North America outdoor furniture market.
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Notably, outdoor furniture consists of ornamental lounge tables, chairs, and other accessories. These are used to decorate the garden area and also offers the customer a place for relaxing. In particular, the deployment of loungers at poolside, backyards, poolside, cafes and beach resorts to ensure maximum comfort for individuals is positively impacting the industry outlook.
Accessibility to a diverse product range due to widespread penetration of e-commerce and advantages associated with online shopping platforms such as promotional discounts, offers and shorter delivery times are further fueling the industry expansion.
With respect to material, the wood segment from North America outdoor furniture industry amassed around USD 2.57 billion in 2020 owing to their popularity among homeowners. This is due to their natural looks, high sustainability, low maintenance, high strength & stiffness, and modifiability.
On the other hand, the metal segment, consisting of aluminum, iron and stainless steel, is also gaining traction in commercial and household applications owing to their customizability, rust-resistance, and better designs.
As per the geographical scope, the United States market recorded a decline in revenue due to the Covid-19 pandemic, however, the gradual recovery of tourism sector facilitated by vaccination drives is anticipated to reinstate revenue flow. Escalating product demand from inns, hotels and restaurants will continue to support the regional market expansion through 2027. Moreover, regulations imposed by National Capital Planning Commission for improving and conserving open public spaces will also favor the nation’s business scenario.
Speaking of the competitive landscape, outdoor furniture market in North America is highly fragmented. Homecrest Outdoor Living, Sunset West Outdoor Furnishings, Forever Outdoor Furniture, The Home Depot, Inc., Century Furniture LLC, Patio Furniture Industries, Ikea Ltd., Ace Hardware Corporation, Zuo Modern, Tuuci, LLC, Trex Company, Inc., and Treasure Garden, Inc. are some of the major regional players.