Outdoor Furniture Market: APAC Region is Expected to Grow Significantly By 2026

Outdoor Furniture Market: APAC Region is Expected to Grow Significantly By 2026

The Asia Pacific outdoor furniture market is likely to grow at a healthy rate of over 5.5% in terms of volume share over the forthcoming timeframe. Changing lifestyles, rapid urbanization, growing disposable income, and gradually improving economic conditions across APAC nations such as India, China, and South Korea is anticipated to majorly propel the Asia Pacific outdoor furniture market share. Additionally, the rising influence of western culture and trends along with the growing customer inclination towards multifunctional furniture would further impel the product demand across the region.

 

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The ongoing expansion of the global commercial sector is expected to drive the global outdoor furniture market growth over the forthcoming timeframe. Commercial establishments such as hospitality, offices, and educational institutes are creating an immense demand for outdoor furniture products, majorly in developing nations. 

 

In fact, the rapid expansion of the tourism sector is increasingly providing significant scope for the development of furniture, particularly across establishments such as restaurants, motels, and hotels, further augmenting business growth. In fact, according to the WTTC (World Trade and Tourism Council) records, in 2018, the tourism industry experienced 3.9% growth, which was more than the 3.2% global GDP growth in 2018. The tourism sector contributed a momentous $8.8 trillion revenue to the global economy, generating approximately 10.4% of the overall global economic activity during 2018.

 

With regards to material, plastic furniture is currently witnessing increasing demand among consumers owing to the number of advantages they offer, including lightweight, high durability, easy maintenance, and economic pricing. Plastic furniture is produced using polypropylene that has two copolymers, one for impact while the other for rigidity. It also incorporates approximately 15% filler to offer enhanced rigidity and affordable prices. Considering these factors, the plastic material segment is expected to grow at a healthy CAGR of more than 4% through the forecast timeframe.

 

In terms of product, the increasing adoption of daybeds and loungers in numerous commercial application avenues such as office lounges, bars, hotels, swimming pools, restaurants, and resorts, is projected to propel the segment size through 2026. These products provide better comfort to customers and have superior styling and customization capabilities, which is positively impelling their demand across commercial establishments. In fact, in 2019, this segment held a significant industry share of over 7.5% with estimates projecting it to observe more growth over the coming years.

 

The competitive landscape of the outdoor furniture market is inclusive of players like Fischer Mobel GmbH, Agio International Company Limited, Gloster, Treasure Garden Incorporated, Kettal, Homecrest Outdoor Living, Brown Jordan, Ashley Furniture Industries, Inter IKEA Group, Century Furniture among others.

 

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Some Point from Table of Contents:

Chapter 4. Outdoor Furniture Market, By Material

4.1. Global Outdoor furniture market share by material, 2016 & 2024

4.2. Wood

4.2.1.    Market estimates and forecasts by product, 2016 – 2026

4.2.2.    Market estimates and forecasts by region, 2016 – 2026

4.3. Metal

4.3.1.    Market estimates and forecasts by product, 2016 – 2026

4.3.2.    Market estimates and forecasts by region, 2016 – 2026

4.4. Plastic

4.4.1.    Market estimates and forecasts by product, 2016 – 2026

4.4.2.    Market estimates and forecasts by region, 2016 – 2026

4.5. Textile

4.5.1.    Market estimates and forecasts by product, 2016 – 2026

4.5.2.    Market estimates and forecasts by region, 2016 – 2026

4.6. Others

4.6.1.    Market estimates and forecasts by product, 2016 – 2026

4.6.2.    Market estimates and forecasts by region, 2016 – 2026

Chapter 5. Outdoor Furniture Market, By Product

5.1. Global Outdoor furniture market share By Material, 2016 & 2024

5.2.    Chairs

5.2.1.    Market estimates and forecasts, 2016 – 2026

5.2.2.    Market estimates and forecasts by region, 2016 – 2026

5.3. Table

5.3.1.    Market estimates and forecasts, 2016 – 2026

5.3.2.    Market estimates and forecasts by region, 2016 – 2026

5.4. Seating sets

5.4.1.    Market estimates and forecasts, 2016 – 2026

5.4.2.    Market estimates and forecasts by region, 2016 – 2026

5.5. Dining sets

5.5.1.    Market estimates and forecasts, 2016 – 2026

5.5.2.    Market estimates and forecasts by region, 2016 – 2026

5.6. Loungers & daybeds

5.6.1.    Market estimates and forecasts, 2016 – 2026

5.6.2.    Market estimates and forecasts by region, 2016 – 2026

5.7. Others

5.7.1.    Market estimates and forecasts, 2016 – 2026

5.7.2.    Market estimates and forecasts by region, 2016 – 2026

 

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