Outdoor Furniture and Grill Market- Global Industry Insights, Trends, Outlook, and Opportunity Analysis, 2018-2026
Outdoor furniture or garden furniture and grill that are designed for outdoor use are made using weather resistant materials. Increasing trend of decorating outdoor living areas such as decks, patios, and porches along with outdoor diners and recreational activities are driving growth of the outdoor furniture and grill market. Therefore, manufacturers are focusing on launching new product line of outdoor furniture to expand consumer base. For instance, A.R.T. Furniture, Inc. launched outdoor furniture line in March 2017. Kannoa, a furnishing manufacturer, launched Eddie Bauer outdoor furniture collection in January 2017. Furthermore, increase in the number of construction industries is fueling the growth of outdoor furniture and grill market. For instance, according to the U.S. Census Bureau, construction industry was valued at US$ 1,112.4 billion in 2015, which increased by 4.5% to US$ 1,162.4 billion in 2016. Request For Sample Copy of this Research Report : https://www.coherentmarketinsights.com/insight/request-sample/1426 In 2016, furniture segment was the largest segment in the global outdoor furniture and grill market. This is attributed to the rising trend of barbeque and outdoor diners along with outdoor recreational activities. For instance, according to the Food Standards Agency (FSA), U.K. hosted above 125 million barbecues in 2013. Residential segment accounted for highest market share in the global outdoor furniture and grill market in 2016, owing to rising trend of outdoor living areas including decks, patios, and porches along with increasing construction activities in the residential sector. For instance, according to the U.S. Census Bureau, residential construction market was valued at US$ 47.3 billion in 2016, which increased to US$ 52.6 billion in 2017. Outdoor Furniture and Grill Market Outlook â—? Asia Pacific region is the largest market in outdoor furniture and grill market due to increasing furniture industry. For instance, according to the Association of Furniture Manufacturers of India (AFMI), furniture industry in India was valued at US$ 17,922 million in 2015. Furthermore, the residential furniture sector is expected to reach US$ 15 billion by 2020.