Dublin, Feb. 16, 2024 (GLOBE NEWSWIRE) -- The "U.S Outdoor Furniture Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The latest industry insight has been released, presenting focused data and comprehensive analysis on the US outdoor furniture market. The report reveals an anticipated robust growth, projecting the market value to reach a substantial $12.83 billion by 2028. This trend reflects a significant compound annual growth rate (CAGR) of 5.51% from 2022.
The US outdoor furniture market is experiencing an upward trajectory, fueled by an array of factors including the increasing demand for lightweight and stylish furniture solutions. The push for durability and weather resistance in furniture designs is also underpinning market expansion. Furthermore, a notable shift towards sustainable and eco-friendly outdoor furniture options is resonating with the environmentally conscious US consumer base.
Key Highlights of the Market:
- Launching from a valuation of $9.30 billion in 2022, the outdoor furniture market is set for significant growth.
- Eco-friendly and sustainable furniture options are carving out substantial market share, indicating a rising consumer conscience.
- Demands within the residential sector skyrocket, while the hospitality industry shows a keen interest in expanding its range of outdoor seating and lounging options.
- Plastic outdoor furniture is gaining popularity for its lightweight and portability, making it a choice pair for consumers prioritizing flexibility and ease of use.
Market Segmentation & Future Forecast
The study delves into nuanced market segmentation focusing on materials used, product types, end-user categories, and distribution channels:
- A material-wise segment that includes wood, metal, plastic, among others.
- Product-specific insights covering seating sets, loungers, dining sets, tables, chairs, and more.
- End-user segmentation that differentiates between residential and commercial applications.
- Distribution channel analysis between offline and online stores.
The detailed market structure overview also encompasses market dynamics and a competitive landscape, providing insights into strategic positioning and operations of key and other prominent vendors in the US outdoor furniture space.
Market Dynamics: The report provides an in-depth look at the drivers and restraints affecting market growth, alongside existing and emerging trends that are shaping the industry outlook.
Competitive Landscape: This research offers a critical analysis of the existing competitive field, profiling leading companies and examining the role of other significant market players.
The comprehensive nature of the study equips stakeholders, investors, and industry professionals with a robust tool to navigate the complexities of the US outdoor furniture market. It sets a precedent for informed decision-making and strategic planning within the sector.
For those seeking to understand the current market scenario and to anticipate future trends, this report is an invaluable resource.
Appendix
The report includes an appendix section providing additional information on research methodology, abbreviations, and analyst expertise, reinforcing the rigor and precision behind the data and forecasts presented.
Key Topics Covered:
- Market Insights
- Overview of US Outdoor Furniture Market
- Segmentation Data Analysis
- Trends and Opportunities
- Drivers, Trends, and Constraints
- Industry Overview
- Competitive Landscape
- Key Players
- Future Outlook and Methodology
- Appendix
Key Attributes
| Report Attribute | Details |
| No. of Pages | 78 |
| Forecast Period | 2022 - 2028 |
| Estimated Market Value (USD) in 2022 | $9.3 Billion |
| Forecasted Market Value (USD) by 2028 | $12.83 Billion |
| Compound Annual Growth Rate | 5.5% |
| Regions Covered | United States |
A selection of companies mentioned in this report includes
- Ashley Furniture Industries Inc.
- Berkshire Hathaway Inc.
- Brown Jordan Inc.
- Interogo Foundation
- Home Depot Product Authority LLC
- Williams-Sonoma, Inc.
- Agio International Company, LTD
- Sunset West USA
- Gabriella White LLC
- Lloyd Flanders, Inc.
- Century Furniture LLC.
- HNI Corporation
- Herman Miller Inc.
- Lowe's Companies Inc.
- The Prestwick Companies
- Countryside Amish Furniture
- Molteni&C
- Castelle
- Mallin Casual Furniture
- Woodard Furniture
- Sika Design
- Oxford Industries
- Joss & Main
- Winston Furniture Company of Alabama, LLC
- Poly-Wood, LLC
- O.W. Lee
- Bernhardt Furniture Company
- Design Within Reach
- Target Brands, Inc.
- Telescope Casual
- Homecrest Outdoor Living
- LUXCRAFT
- Seaside Casual Furniture
- MAMAGREEN LLC
- Cane-line.com.
- Walmart
- Wayfair LLC
- Costco Wholesale Corporation
- Bed Bath & Beyond Inc.
- Keter
- Otto GmbH
- Restoration Hardware
For more information about this report visit https://www.researchandmarkets.com/r/30zubj
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