Market Trends of Outdoor Furniture Industry
The Residential End-user Segment is Accounting for the Major Market Share
The residential sector dominated the application segment of the market studied and accounted for more than half of the total share of the market. The increasing usage of garden furniture for decor and aesthetics, coupled with the increasing household sales, is supporting the segment growth over the forecast period. Outdoor furniture is used in backyards, lawns, balconies, and rooftop gardens for enhancing the overall household appeal and facilitating seating.
Asia-Pacific is the Fastest Growing Region
The Asia-Pacific outdoor furniture market is anticipated to witness a healthy growth rate, in terms of volume, during the forecast period. International tourism is gaining strong attention in countries including China, Malaysia, South Korea, Singapore, and India. Thailand is among the most attractive tourism countries in the region. With the growing tourist activity, the sales of outdoor furniture are rising in the region, helping in increasing the market share commercial segment of the market.
