Outdoor furniture market size to grow by $5.2B from 2022 to 2027
Posted by Larry Adams
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Outdoor furniture is a fast-growing segment of the market.

Photo By Vane Venture

NEW YORK — The outdoor furniture market size is estimated to increase by USD 5,207.76 million from 2022 to 2027, with a CAGR of 3.28%, according to a recent market study by Technavio. This report also offers a 5-year historical (2017-2021) data projection of market size, segmentation, and region.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak. The Bargaining Power of Buyers & Suppliers and the Threat of New Entrants, Rivalry, and Substitutes have also been analyzed and rated between LOW-HIGH to provide a holistic view of market favorability.

Core components

  • One of the core components of the customer landscape is price sensitivity, an analysis of which will help companies refine marketing strategies to gain a competitive advantage. 
  • Another key aspect is price sensitivity drivers (purchases are undifferentiated, the purchase is a key cost to buyers, and quality is not important), which range between LOW and HIGH.
  • Furthermore, market adoption rates for all regions have been covered.

The outdoor furniture market report also offers information on the criticality of inputs, R&D, CAPEX, technology, and products of 15 vendors.

To download a sample of the report, click here.

 

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