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A complete solution to the market development trend of outdoor furniture

2021-08-19
Outdoor Furniture is often referred to as Patio Furniture and is specifically designed for outdoor use. The latest research report on the outdoor furniture market from 2021-2031 released by Transparency Market Research (data research company) (2021-2031 is the forecast period and 2020 is the base year) shows that the market value of the outdoor furniture market in 2020 has exceeded 170 Billion US dollars, the report gives a compound annual growth rate of 6% during the statistical period. The popularity of commercial outdoor furniture and consumers' pursuit of outdoor furniture are key factors leading the growth of the global outdoor furniture market.

Social recovery promotes the demand for outdoor furniture

The haze of the epidemic has enveloped the global village so far. Family members hope to relax while feeling the taste of "fresh freedom". Under such a trend, the global outdoor furniture market is expected to usher in spring.

In the early days, outdoor furniture was not in its own right. Most residents simply moved Indoor Furniture for outdoor use, but prolonged exposure to the sun and rain would only reduce its useful life. When the "survival in the wild" skills became urgent, outdoor furniture also Came into being. Nowadays, family homes or open-air business spaces equipped with courtyards are indispensable to increase investment in outdoor furniture, supplemented by suitable outdoor furniture, spaces such as mini balconies can also improve the comfort of people's living spaces. In addition, social events such as family dinners, weddings and home stays are expected to make a comeback under the alleviation of the global epidemic, which will drive the demand for outdoor furniture products.


Since the epidemic, the consumption scene has shifted online, and consumers are increasingly focusing on differentiation and cost-effectiveness when choosing products. These are all driving outdoor furniture manufacturers to improve their existing workflows to respond to changes in consumer demand and improve operations. efficient. Under the epidemic, corporate social responsibility has become a major factor affecting consumers' purchasing decisions. Many consumers have also begun to reflect on their past lifestyles, hoping to meet their personal needs while reducing the negative impact on the environment.

The penetration of the concept of sustainable development and the yearning to improve the living environment have become external factors that promote the continuous advancement of the global outdoor furniture market. During the epidemic, it is inevitable that consumers will switch to a better living environment due to travel bans. However, experts predict that in the post-epidemic era, consumers' enthusiasm for residential renovation will continue unabated.

The demand for outdoor furniture in hotels, restaurants, and offices has surged

Recently, the radius of consumer activity is gradually expanding, and travel has once again become the [top priority" of life. The flow of people in hotels, resorts, and open courtyards is gradually returning to before the epidemic. These trends to some extent represent the strong development momentum of the outdoor furniture market. In addition, consumers are becoming more and more concerned about "outdoor decoration", and the courtyard in front of the door or the balcony in front of the bedroom have become "objects to be remodeled."

Outdoor furniture must have a certain degree of tolerance, crack resistance, and insect resistance to withstand the "test of nature". This is also the first question consumers will consider when buying. Nowadays, most companies have changed the direction of research and development. To environment-friendly one-piece furniture, in order to find a balance between alleviating the fear of choice and taking a sustainable path.

In addition, leisure and entertainment venues such as resorts and hotels have been closed due to the epidemic. Now they are gearing up for a beautiful turnaround. The demand for outdoor furniture is naturally indispensable. In addition, the boom in the real estate industry will also drive the sales of outdoor furniture. Some open-air/semi-open-air restaurants and offices need to be renovated to meet the needs of social isolation in the post-epidemic era, which will also greatly promote the boom in the outdoor furniture market.

The Asia-Pacific region occupies a major share of the outdoor furniture market

Innovative furniture products are becoming more and more popular among consumers in the Asia-Pacific region. Not only do consumers themselves increase their disposable income and pay more attention to the management of extended space beyond the living room, but also because of the accelerating process of urbanization in the Asia-Pacific region, the high-rise buildings need to be filled with furniture to put them into use. These are the main factors that promote the growth of the outdoor furniture market. factor. Singapore, India, Malaysia, and other countries that are known for their tourism industry, the demand for outdoor furniture is gradually soaring. In developed countries with aging populations, the realistic version of "Pink Romance" is being staged, and the enthusiasm for manor houses will continue to inject a boost into the global furniture market. It is estimated that by 2031, the market value of the global outdoor furniture market will exceed 31 billion U.S. dollars, and the compound annual growth rate during the cycle (that is, 2021-2031) will reach 6%.

The use of natural raw materials is a R&D trend

The use of outdoor furniture is mostly outdoors, and the materials need extra care. Among them, eucalyptus and teak are more common raw materials. The rich natural oils in the two types of wood can form a natural barrier to isolate insects and moisture. Among them, teak furniture can maintain good integrity even if it is not covered or specially maintained. In addition, teak outdoor furniture can restore the original natural warm brown tone through frosting and polishing. In the future, teak outdoor furniture will be an iconic product that promotes consumer demand.

Acacia wooden outdoor furniture is characterized by durability, its own characteristics, namely wear resistance, waterproof, etc., which eliminates the use of many chemicals. It is an environmentally friendly material and is one of the mainstream R&D materials in the future. .


A complete solution to the market development trend of outdoor furniture

After the outbreak, the global economy slowed down, the number of employees in and out of business premises was restricted, and the market demand for outdoor furniture was compressed. In addition, its high production costs and storage management fees became barriers for small sellers to enter the market. Now the epidemic is repeated, even though In the future, the layout of open space will drive further demand for outdoor furniture in the global market, but sellers need to maintain the ability to store redundant inventory and cash flow to withstand the impact of these uncertain factors.



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