The Asia Pacific outdoor furniture market is expected to reach US$ 6,383.64 Million in 2027 from US$ 4,137.69 Million in 2018. The market is anticipated to grow at a CAGR of 4.9 % from 2019 to 2027.
Market Introduction
Outdoor furniture consists of a wide variety of products. It mostly includes playground equipments like tables and benches. Chairs, tables, dining sets, and seating sets also form a part of outdoor furniture. The outdoor furniture is used to provide a space to relax and sit down to enjoy privacy in the landscape area. Lightweight materials such as polyethylene or aluminium is used in the making of outdoor furniture to facilitate easy movement. These types of furniture have multipurpose applications as they can work as a stool footrest, side table, sofa, etc. Besides, they are easier to clean due to their flat and smooth surfaces.
Factors driving the market growth include rising trend towards travelling & shift in lifestyle and growing preference for aesthetic furniture. However, high cost along with long replacement cycle is likely to have a negative impact on the market growth.
Effect of covid-19 on Asia Pacific outdoor furniture market
The ongoing COVID-19 outbreak began in Wuhan (China) in December 2019, but later it spread to all the parts of the world. It has adversely affected the consumer goods industry as the industry is suffering from supply chain disruptions, lockdowns, travel bans, and business shutdowns called in various countries. India has the highest number of confirmed cases of the COVID-19 morbidity among all Asia Pacific countries. This is likely to impact the consumer goods industry in the region due to the disruption of supply and distribution chain. In addition, the lockdown scenarios are also impacting the overall manufacturing processes, research, and development activities pertaining to different industries.
Key Market Segments
The wood outdoor furniture segment accounted for a larger share of the Asia Pacific outdoor furniture market, by material, in 2018. The seating seats outdoor furniture segment accounted for a larger share of the Asia Pacific outdoor furniture market, by product, in 2018. Moreover, the residential segment held the largest share of the market, by end user, in 2018.
Major Sources and Companies Listed
A few of the major primary and secondary sources referred to while preparing this report on the Asia Pacific outdoor furniture market include Agio International Company Ltd., Ashley Home Stores, Ltd., Barbeques Galore, Brown Jordan, Century Furniture LLC, Inter Ikea Systems B.V. and Keter Group.
Reasons to buy the report
Asia Pacific Outdoor Furniture Market Segmentation
By Material
By End User
Company Profiles
By Country
| Report Attribute | Details |
|---|---|
| Market size in 2018 | US$ 4,137.69 Million |
| Market Size by 2027 | US$ 6,383.64 Million |
| CAGR (2019 - 2027) | 4.9% |
| Historical Data | 2016-2017 |
| Forecast period | 2019-2027 |
| Segments Covered |
By Material
|
| Regions and Countries Covered |
Asia-Pacific
|
| Market leaders and key company profiles |
|
The Asia Pacific Outdoor Furniture Market is valued at US$ 4,137.69 Million in 2018, it is projected to reach US$ 6,383.64 Million by 2027.
As per our report Asia Pacific Outdoor Furniture Market, the market size is valued at US$ 4,137.69 Million in 2018, projecting it to reach US$ 6,383.64 Million by 2027. This translates to a CAGR of approximately 4.9% during the forecast period.
The Asia Pacific Outdoor Furniture Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the Asia Pacific Outdoor Furniture Market report:
The Asia Pacific Outdoor Furniture Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The Asia Pacific Outdoor Furniture Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the Asia Pacific Outdoor Furniture Market value chain can benefit from the information contained in a comprehensive market report.
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