and is expected to grow at a CAGR of 4. 4% during 2019–2027, to account to US$ 6,942. 21 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. 28, 2020 (GLOBE NEWSWIRE) -- Reportlinker.com announces the release of the report "Europe Outdoor Furniture Market to 2027- Covid-19 Impact and Regional Analysis by Material ; Product ; and End User" - https://www.reportlinker.com/p05978857/?utm_source=GNW
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 Europe 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.
Europe includes developed economies such as Germany, France, Italy, the UK, Russia and the Rest of Europe.The companies involved in the production of outdoor furniture are continuously enhancing the overall business processes to meet the customers demand in the best possible way.
Several domestic and international companies have a strong foothold in the region.Germany is a major market for outdoor furniture in Europe, followed by Italy and rest of Europe, respectively.
Moreover, the production of outdoor furniture has been rising consistently in Germany owing to the increasing inclination of population toward organic farming and gardening.The demand for outdoor furniture in Europe has surged owing to better standards of living and higher income levels in the western parts.
The western part is one of the wealthiest regions in Europe with a higher per capita GDP than the other parts of the region. Rising disposable income, urbanization, and changing lifestyle are further boosting the outdoor furniture market in Europe. The key outdoor furniture manufacturers in the region focus on offering innovative and stylish outdoor furniture to attract new customers. In addition to the rising disposable income, increasing interests in enhancing outdoor residential spaces supports the market for outdoor furniture in Europe.
Ashley Home Stores Ltd.; Barbeques Galore; Brown Jordan; Century Furniture LLC; Inter Ikea Systems B.V.; Keter Group and Polywood are among the major players operating in the Europe outdoor furniture market.
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 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 Europe, as per the recent data, Russia has recorded the highest number of COVID cases.Spain, Germany, France, and the UK are other countries with high number of cases.
Other member states have implemented drastic measures and travel restrictions, including partially closing their borders.
The overall Europe 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 associated with 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 Europe outdoor furniture market.
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