Outdoor Furniture Market Segmentation:
End-user Segment Analysis
The residential segment is expected to hold the largest outdoor furniture market share by the end of 2034, on the back of rising number of people living luxurious lifestyles in unique style of homes. In addition, they are opting for luxurious furniture that makes their gardens and lawn areas more appealing. Consumers are modifying their houses according to the latest trends that positively influence the surrounding's beauty. Furthermore, the surging number of houses across the globe is further predicted to drive the segment growth. The number of homes in Canada is expected to reach around 14 million by the end of the year 2023 from 13 million homes in the year 2018.
Moreover, the commercial segment is also anticipated to have significant share over the forecast period. This can be attributed to rising number of hotels and restaurants with roof top and opening air dining facilities. Furthermore, bars and pups are also opting for outdoor furniture will impel the segment's expansion.
Distribution Channels Segment Analysis
The e-commerce segment in the outdoor furniture market is predicted to account for the largest revenue share by 2034, due to crucial role that the online distribution channels are playing in the development of the furniture industries. Moreover, there are a large number of manufacturers selling their products at a competitive price, boosting the segment demand.
Our in-depth analysis of the global market includes the following segments:
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