Outdoor Furniture Market 2020-2024
LONDON--(BUSINESS WIRE)--Technavio has been monitoring the outdoor furniture market and it is poised to grow by USD 8.27 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. 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., and Williams-Sonoma, Inc, are some of the major market participants. Although the increasing demand for patio heating products in commercial and residential spaces will offer immense growth opportunities, long replacement cycle will challenge the growth of the market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Increasing demand for patio heating products in commercial and residential spaces has been instrumental in driving the growth of the market. However, long replacement cycle might hamper market growth.
Outdoor Furniture Market 2020-2024 : Segmentation
Outdoor furniture market is segmented as below:
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Outdoor Furniture Market 2020-2024 : Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our outdoor furniture market report covers the following areas:
This study identifies innovation in product design and portfolio expansion as one of the prime reasons driving the outdoor furniture market growth during the next few years.
Outdoor Furniture Market 2020-2024 : Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the outdoor furniture market, including some of the vendors such as 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., and Williams-Sonoma, Inc. Backed with competitive intelligence and benchmarking, our research reports on the outdoor furniture market are designed to provide entry support, customer profile and M&As as well as go-to-market strategy support.
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Outdoor Furniture Market 2020-2024 : Key Highlights
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