The Home Depot announced the investment in Mexico through opening of four new stores, as a commitment to the communities in which they are located.
Brown Jordan Company announced the introduction of three commercial-grade outdoor furniture collections for the residential as well as commercial purpose.
Author Credits: Anil Kumar, Ipsheeta Dash
Report ID: 304
Published Date: Mar 16, 2023
Report Format: PDF, PPT
Frequently Asked Questions (FAQ)
Surging popularity of eco-friendly furniture, rising open air sports, and rapid pace of urbanization and increase in consumer purchasing power are the major factors driving the market growth.
The market is anticipated to attain a CAGR of 6% over the forecast period, i.e., 2023-2035.
Changing fashion trend in outdoor furniture, and high cost of the raw material are estimated to be the growth hindering factors for the market expansion.
The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
The major players in the market are Winston Furniture Company of Alabama, LLC, Home Depot, Forever Patio, Homecrest Outdoor Living, DEDON GmbH, Century Furniture LLC, Barbeques Galore, GLOSTER FURNITURE GMBH, Agio International Company, LTD, and others.
The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
The market is segmented by products, end users, distribution channels, and by region.
The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.