The Asia Pacific Outdoor Furniture Market would witness market growth of 5.9% CAGR during the forecast period (2022-2028).
The properties extended by outdoor furniture, like dust-proof, fade-proof, insect-resistance, etc., make these furniture pieces low maintenance. The multi-functionality offered by these type of furniture further help in increasing their demand. Rising standards of living and growing urbanization also aid manufacturers in developing the evolving luxury and fashion trends for the outdoor furniture market.
The shifting attention towards the beautification of outdoor spaces to increase aesthetics has raised consumers’ willingness to spend more of their disposable incomes on things like outdoor furniture. This has motivated manufacturers to expand their product offerings. Most customers who need to buy outdoor furniture look for items that exude versatility with elegance and luxury.
As a result, products that are trendy, sturdy, low maintenance, and elegant are more in demand. Since outdoor furniture is typically designed with weather conditions in mind, the increasing demand for them has also aided in the emergence of regional manufacturers. A millennial trend observed in the market is the growing demand for outdoor conversation and fire pit settings.
The demand for outdoor furniture is rising steadily. There is an increasing growth of commercial buildings like public gardens, parks, and stadiums in the region, which has propelled the need for outdoor furniture. Many people in the region are investing their time and efforts in outdoor garden makeovers along with backyards, front yards, and indoor gardens to make it comfortable. Such individuals are giving significant consideration to the architectural designs and comfort of outdoor furniture.
The China market dominated the Asia Pacific Outdoor Furniture Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $5,272.3 million by 2028. The Japan market is experiencing a CAGR of 5.3% during (2022 - 2028). Additionally, The India market would display a CAGR of 6.6% during (2022 - 2028).
Based on End-use, the market is segmented into Residential and Commercial. Based on Material Type, the market is segmented into Wood, Plastic and Metal. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific
Free Valuable Insights: The Worldwide Outdoor Furniture Market is Projected to reach USD 61 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kimball International, Inc., Inter IKEA Systems B.V. (Inter IKEA Holding B.V.), Keter Group B.V. (BC Partners), Ashley Furniture Industries, LLC, Brown Jordan, Inc, Agio International Company, Ltd, Lloyd Flanders, Inc., Barbeques Galore Pty, Ltd, Century Furniture LLC (RHF Investments, Inc.), and Aura Global Furniture.
By End-use
By Material Type
By Country
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