Outdoor Sofa Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Outdoor sofa often known as patio sofa is specially designed for outdoor use. Outdoor sofa is mostly designed as weather-resistant by using materials such as rustproof aluminum. Outdoor sofa is primarily bought to increase comfort and features in the outdoor spaces. Besides, outdoor sofa comes with the potential to make outside gardens or terraces efficiently pleasing for customers.

MARKET DYNAMICS

The global outdoor sofa market size is expected to grow significantly in the forecast period. The growing financial ability to spend on recreation is boosting consumer spending on outdoor sofa in the residential sector. Numerous house owners are centering on improving the garden and balcony look with the delightful appealing sitting areas. Majority of the businesses is shifting their interest in designing eco-friendly fixtures. This is likely to drive the global outdoor sofa market during the forecast period. The premium range of collections of outdoor sofa to design outdoor restaurant spaces, office spaces, and terraces are creating huge customer space. This factors are likely to boost the global outdoor sofa market. However, most of the outdoor sofas are available at an expensive rate which cannot be afforded by all the customers. So this price is one factor that may hamper the market growth.

MARKET SCOPE

The "Global Outdoor Sofa Market Analysis to 2031" is a specialized and in-depth study of the Consumer Goods industry with a special focus on the global market trend analysis. The report aims to provide an overview of the outdoor sofa market with detailed market segmentation by type and distribution channel. The global outdoor sofa market is expected to rise during the forecast period. The report provides key statistics on the market status of the leading outdoor sofa market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global outdoor sofa market is segmented on the basis of type and distribution channel. Based on type the markets is segmented into standard, recliner, convertible, others. On the basis of distribution channel, the market is bifurcated into supermarkets and hypermarkets, specialty stores, online retail, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global outdoor sofa market based on various segments. It also provides market size and forecast estimates from the year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South & Central America. The outdoor sofa market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the outdoor sofa market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the outdoor sofa market in these regions.

MARKET PLAYERS

The report covers vital developments in the outdoor sofa market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals, and others, such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions and partnerships & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from the outdoor sofa market are anticipated to witness lucrative growth opportunities in the future with the rising demand for outdoor sofa in the global market. Below mentioned is the list of few companies engaged in the outdoor sofa market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the outdoor sofa market. Besides, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last three years, the critical development in the past five years.

•   Apricity Outdoor
  
•   Brown Jordan
  
•   Century Furniture LLC.
  
•   Herman Miller, Inc.
  
•   La-Z-Boy Incorporated
  
•   Ikea Group
  
•   Ashely Industries
  
•   Keter Group
  
•   Lloyd Flanders
  
•   Arflex
  

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Outdoor Sofa Report Scope