Published Date: 2021-10-14
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APAC Outdoor Furniture Market size is anticipated to reach USD 4.6 billion by 2027, according to a latest forecast report by Graphical Research. Rapid urbanization, improving lifestyles, increasing disposable income of individuals, and constant improvement of economic conditions in countries, such as India, China, and South Korea, will foster significant trade growth. The growing influence of Western culture and trends, shifting consumer preferences toward multifunctional furniture, and the availability of raw materials will boost regional demand.
The share of the global outdoor furniture industry will be around 20% by 2027. The booming real estate sector coupled with the growing consumer spending on leisure & experiences is propelling the market growth across the region. The expanding hospitality industry, particularly in the ASEAN countries including Indonesia, Malaysia, Singapore, and Thailand, will boost the Asia Pacific outdoor furniture business demand. The rising government spending on public gardens will fuel market growth.
On the other hand, the 2020 pandemic caused by the outbreak of COVID-19 disrupted the production and supply chain and severely affected product demand. The halts in production and exemptions introduced at the national level have significantly slowed market growth. Additionally, the COVID-19 outbreak has caused disruptions in supply chains, material shortages, and the termination of spending control contracts. According to the Leading Indicator of Remodeling Activity, expenditures for home renovations and repairs by owners are expected to decline due to the COVID-19 pandemic. These trends are expected to slow down the consumption of outdoor furniture. The demand for outdoor furniture is expected to increase with the rising residential construction in the post-pandemic scenario.
Browse detailed statistical insights from the report, “Asia Pacific Outdoor Furniture Market Forecast 2027 By Material (Metal, Plastic, Wood, Textile), By Product (Chairs, Tables, Seating Sets, Dining Sets, Loungers & Daybeds), By End-Use (Residential, Commercial), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
https://www.graphicalresearch.com/industry-insights/1958/asia-pacific-outdoor-furniture-market
The metal segment is estimated to observe around 6.4% CAGR through 2027. Metal-based materials provide an aesthetic appearance on the modern or classic-styled furniture. In sleek black or gleaming metallic, fine metal frames are paired with the opulent marbles and luxurious fabrics to create new stylish designs. Furniture manufacturing from stainless steel is becoming popular among consumers owing to varied designs, structural simple fashion, unique style & elegance, high durability, and eco-friendliness. In addition, fire prevention, moisture proof, and convenient outdoor usage will promulgate the market demand.
The chair segment is witness over 8.2% CAGR from 2021 to 2027. Chairs are used to facilitate seating across residential & commercial applications including restaurants, hotels, resorts, and other purposes. These are available in multiple configurations & models, and a wide range of materials including wicker, rattan, cast iron, synthetics, aluminum, and teak are used.
The residential sector will generate over USD 2,000 million revenue during the forecast timeframe. The increasing use of outdoor furniture for interior decoration and aesthetics as well as increasing household sales will support the industry growth. Outdoor furniture is used in patios, lawns, balconies, and rooftop gardens to enhance the overall family appeal and make sitting easier.
The APAC outdoor furniture market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
Asia pacific Market, By Material
Asia pacific Market, By Product
Asia pacific Market, By End-user
The above information has been provided for the following countries:
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