The outdoor furniture market was valued at US$ 17,843.7 million in 2018 and is projected to reach US$26,598.5 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027.
Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are quite popular among the residential and commercial customers. The outdoor furniture market on a global scale has been witnessing a substantial growth in the recent past. Factors such as a rise in consumer spending and traveling trends have resulted in the rising number of tourists across the world. These factors are mostly observed in tourist spots, beach sides, and hill stations, thereby leading to increased counts of motels, hotels, guest houses, resorts, open spaces, and public gardens. Hence, a growing number of hotels and restaurants are further expected to propel the outdoor furniture market during the forecast period. Moreover, increasing financial capacity of consumers to spend on leisure activities is encouraging consumers to spend a higher amount on outdoor furniture in the residential sector. Several homeowners are focusing on enhancing the garden, open areas, or balcony appearance with aesthetically appealing sitting arrangements. Lounge chairs, seating sets, and tables are some of the key products generating substantial revenue in the outdoor furniture market.
AsiaPacific is expected to grow with the highest CAGR of 4.9% during the forecast period.The Asia Pacific region is expected to gain a significant share in the global outdoor furniture market owing to the increasing popularity of various furniture products among the consumers. Increasing construction project, urbanization, and rise in disposable income of the consumers in this region arethe major factors contributing to the growth of outdoor furniture market. Increasing tourism in countries such as Singapore, Malaysia, and Thailand, is one of the prime factor propelling the market growth in this region. Thailand is one of the most preferred tourism destinations by travellers, along with Singapore, which has mainly driven the demand for outdoor furniture market in 2016. For instance, in 2016, Thailand had witnessed 32.6 million international tourist arrivals. Additionally, leading manufacturers of outdoor furniture, including Inter Ikea Group, started providing their services in countries such as India and China. In 2018,Ikea opened its first store in India considering their rapid expansion in India in the last few years. Besides this, several manufacturers are concentrating on beaches, hotels, resorts, and motels owing to a higher profitability achieved mainly from these sectors. Singapore, Thailand, Malaysia, Indonesia, and other Asian countries provide several growth opportunities to outdoor furniture market players due to the economic tourism as well as potential locations from tourism perspective.
The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany, are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Consumer goodsis one the world’smajor industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic.China is the global manufacturing hub and is the largest raw material supplier for various industries; however, it is also one of the worst
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affected countries by the COVID-19 pandemic. The lockdown of various plants and factories in China is affecting the global supply chains and adverselyimpacting the manufacturing and sales of various outdoor furniture. The overall market break down due to COVID-19 is also affecting the outdoor furniture market growth due to shutting down of factories, obstacle in supply chain, and downturn in world economy.
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Outdoor Furniture Market: Strategic Insights
Market Size Value in US$ 17,843.7Million in 2018 Market Size Value by US$ 26,598.5Million by 2027 Growth rate CAGR of 4.5% from 2019-2027 Forecast Period 2019-2027 Base Year 2019
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Outdoor Furniture Market: Strategic Insights
| Market Size Value in | US$ 17,843.7Million in 2018 |
| Market Size Value by | US$ 26,598.5Million by 2027 |
| Growth rate | CAGR of 4.5% from 2019-2027 |
| Forecast Period | 2019-2027 |
| Base Year | 2019 |
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Market Insights
Growing Preference for Aesthetic Furniture
Over the years, the consumers are increasingly being involved in enhancing outdoor spaces and have developed preference towards aesthetic furniture. This has created the opportunity for advanced outdoor furniture with appealing designs and comfortable facilities in gardens, balconies, outside porches, or lounge areas. Additionally, renovations of old residential building along with new constructions have also channelized the demand for the better outdoor furniture facilities such as table, chairs,and combination sets. At present, consumers are looking out for outdoor furniture which offers the same level of comfort as that of indoor furniture. This factor has proliferated the demand for seating sets in the North America outdoor garden furniture market. Additionally, the usage of wood in production of outdoor garden furniture has also gained prominence with the growing focus over sustainability as well as aesthetic appearance. Hence, with the rising trend, consumers are looking out for inspiring outdoor furniture models which exudes relaxation, luxury, and comfort. The manufacturers are focused towards developing furniture that incorporates appealing designs and advanced features such as weather proofing, insect resisting, and crack proofing. For instance, the development of Japanese-inspired seating such as modular sofas in outdoor facilities is gaining traction across the world. Further, the demand for customized or contemporary furniture designs have considerably gone up owing to the growing preference towards durability, luxurious, and stylish appearance. All such factors are evitable that the consumers have developed preference towards the aesthetic appeal of the furniture, which is expected to propel the overall demand for outdoor furniture.
ProductInsights
Based on product, the outdoor furniture marketis segmented intochairs, tables, seating sets, loungers and daybeds, and dining sets.The seating sets segment accounted for the largest share ofthe global outdoor furniture market in 2018, and is expected to grow at the highest CAGR during the forecast period. Outdoor seating sets are the set of tables with chairs to use for outdoor purposes. Tables, chairs or sofa, and center table of different shape and designare used in a garden, pool site, rooftop, and others. In seating set, both the cushion and cushion free chairs are combined with tea or coffee table, and center table to give a proper match. In seating sets, tables such as glass with fiber, wood with resin are quite commonly used owing to its unique design and attractiveness. Armchair, folding chair, and other types of chairs are combined with these types of tables to install in outdoor spaces. People nowadays prefer spending some time of a day in the open air, maybe in the garden, in a pool site, in the rooftop with a cup of coffee or tea, which relaxes the mind from the daily hectic work schedule. Some people have an attraction towards luxurious and unique outdoor furniture. These factors are anticipated to fuel the outdoor furniture market through seating sets segment.
MaterialInsights
Based on material, the outdoor furniture marketis segmented into wood, metal, plastic, and others.The woodsegment accounted for the largest share in the global outdoor furniture market in 2018, andthe plastic segment is expected to register the fastest growth rate during the forecast period.Wood is known as an organic material with a natural composite of cellulose fibers thatare quite strong in tension and embedded in a matrix of lignin that resists compression. Wood has been widely used for making tools and weapons, as a construction material, to prepare furniture and paper since long time. Wood has always been utilized extensively for outdoor furniture, such as chairs and tables. The three most widely available and suitable exterior lumber choices are western red cedar, redwood, and cypress. Western red cedar is mostly sold in the Midwest, and eastern US cypress, which grows in overall the South and Southeast American continent, often gets the nod in those locales owing to its availability of the woods and economical price. Redwood has the most vibrant look for the highest price. Super-strong white oak features stainable and straight-grained wood with heartwood that resists decay. Like redwood and cedar it splits rather easily, which requires pre-drill screw holes for fasteners.
End-user Insights
Based on enduser, the outdoor furniture market has been segmented into residential and commercial. The residential segment accounted for the largest share in the global outdoor furniture market in 2018, andcommercial segment is expected to register the fastest growth rate during the forecast period.Developed economies in Europe and North America hold a major potential in the residential sector. The trend of family gatherings along with dinners in residential gardens is anticipated to stimulate the business development. The aging population and high disposable income along with willingness to spend on luxury furniture among the population are strongly supporting the outdoor furniture industry growth through the residential segment. Europe accounted for a significant share in the outdoor furniture market through the residential segment. As the region is known for Beach holiday, people in this region prefer more outbound holidays. Germany, France, the UK, Italy, Russia, and Spain are primarily contributing to industry growth through the residential segment due to consistent demand for patio furniture. Traditional residential buildings, coupled with the new constructions, are further boosting requirements for the outdoor furniture, including chairs, lounges, tables, and combination sets. The outdoor furniture market varies significantly according to material, products, and enduse type. Surging financial ability of consumers to spend on leisure and comfort is propelling the product portfolio in the residential sector.
Mergers and acquisition and research & development are commonly adopted strategies by companies to expand their footprint worldwide, which is further impacting the size of the market. The players present in the outdoor furniture market such as Brown Jordan have been implementing the mergers and acquisition and research &development strategies to enlarge the customer base and to gain significant market share across the world, which also permits the players to maintain their brand name globally.For instance, in May 2019, Brown Jordan International, Inc. announced that it acquired the assets of Castelle Furniture Co., Inc. and its Costa Rican operations. The transaction combines leading providers of outdoor casual furniture to the residential and hospitality markets into a company generating consolidated net sales of nearly $400 million. In April 2019, Brown Jordan, the American legacy brand of outdoor luxury furnishings, presented new collections at the brand’s recently re-designed showroom. Oscar offers a sophisticated indoor-outdoor aesthetic and pays homage to the brand’s beginnings in 1945 through its materiality, innovation, and craftsmanship.
Outdoor Furniture Market Report Scope
Report Spotlights
- Progressive industry trends in the global outdoor furniture market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the global outdoor furniture market from 2017 to 2027
- Estimation of global outdoor furnituredemand across various industries
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict the market growth
- Recent developments to understand the competitive market scenario and global outdoor furniture demand
- Market trends and outlook coupled with factors driving and restraining the growth of the global outdoor furniture market
- Decision-making process by understanding strategies that underpin commercial interest with regard to global outdoor furniture marketgrowth
- Global outdoor furniture marketsize at various nodes of market
- Detailed overview and segmentation of the global outdoor furniture market, as well as its dynamics in the industry
- Global outdoor furniture market size in various regions with promising growth opportunities
Global Outdoor Furniture Market– By Material
- Wood
- Metal
- Plastic
- Others
Global Outdoor Furniture Market – By Product
- Chairs
- Tables
- Seating Sets
- Loungers and Daybeds
- Dining Sets
Global Outdoor Furniture Market– By End User
- Residential
- Commercial
Company Profiles
- Agio International Company, Ltd.
- Ashley Home Stores, Ltd.
- Barbeques Galore
- Brown Jordan
- Century Furniture LLC
- Home crest Outdoor Living LLC
- Inter Ikea Systems B.V.
- Keter Group
- Florida Patio Furniture Inc.
- Polywood
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Material , Product , End User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
The larger share ofwood segment is primarily attributed to the increasing demand for wooden furniture due to its unique design, natural & vibrant look, and eco-friendly properties; this in turn is expected to fuel the outdoor furniture market through this segment. The three most widely available, as well as suitable exterior lumber choices, include western red cedar, redwood, and cypress.
The major players operating in the globaloutdoor furniture market areAgio International Company, Ltd., Ashley Home Stores, Ltd., Barbeques Galore, Brown Jordan, Century Furniture LLC, Home crest Outdoor Living LLC, Inter Ikea Systems B.V., Keter Group, Florida Patio Furniture Inc., and Polywood, among others.
In 2018,the outdoor furniture market was redominantinNorth Americaat theglobal level.North America encompasses an ample amount of opportunities for the growth of outdoor furniture. The rapid growth of the economy backed by rise in urbanization coupled with increase in number of commercial properties and the improving income levels facilitating the demand for outdoor furniture in the region.
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Materialology
3.1 Scope of the Study
3.2 Research Materialology
3.2.1 Data Collection:
3.2.2 Primary Interviews:
3.2.3 Hypothesis formulation:
3.2.4 Macro-economic factor analysis:
3.2.5 Developing base number:
3.2.6 Data Triangulation:
3.2.7 Country level data:
4. Outdoor Furniture Market Landscape
4.1 Market Overview
4.2 PEST Analysis
4.2.1 North America
4.2.2 Europe
4.2.3 APAC
4.2.4 MEA
4.2.5 SAM
4.3 Expert Opinion
5. Outdoor Furniture Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rising Trend Towards Travelling And Shift In Lifestyle
5.1.2 Growing Preference for Aesthetic Furniture
5.2Market Restraints
5.2.1 High Cost Along With Long Replacement Cycle May Impede Market Growth
5.3 Market Opportunities
5.3.1 Rise in use of Multipurpose Outdoor Furniture
5.4Future Trends
5.4.1 Adoption of Eco-Friendly Materials
5.5 Impact Analysis of Drivers And Restraints
6. Outdoor Furniture – Global Market Analysis
6.1 Outdoor Furniture Market Overview
6.2 Outdoor Furniture Market –Revenue and Forecast to 2027 (US$ Mn)
6.3 Market Positioning – Key Market Players
7. Outdoor Furniture Market Analysis – By Material
7.1 Overview
7.2 Outdoor Furniture Market, By Material (2018 and 2027)
7.3 Metal
7.3.1 Overview
7.3.1.1 Metal: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
7.4 Plastic
7.4.1 Overview
7.4.1.1 Plastic: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
7.5 Wood
7.4.1 Overview
7.4.1.1 Wood: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
7.6 Others
7.6.1 Others
7.6.1.1 Others: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
8. Outdoor Furniture Market Analysis – By Product
8.1 Overview
8.2 Outdoor Furniture Market, By Product (2018 and 2027)
8.3 Chairs
8.3.1 Overview
8.3.1.1 Chairs: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
8.4 Tables
8.4.1 Overview
8.4.1.1 Tables: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
8.5 Seating Sets
8.5.1 Overview
8.5.1.1 Seating Sets: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
8.6Loungers and Daybeds
8.6.1 Overview
8.6.1.1 Loungers and Daybeds: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
8.7Dining Sets
8.7.1 Overview
8.7.1.1 Dining Sets: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
9. Outdoor Furniture Market Analysis – By End User
9.1 Overview
9.2 Outdoor Furniture Market, By End User (2018 and 2027)
9.3 Residential
9.3.1 Overview
9.3.1.1 Residential: Outdoor Furniture Market – Revenue and Forecast to 2027 (US$ Mn)
9.4 Commercial
9.4.1 Overview
9.4.1.1 Commercial: Outdoor Furniture Market – Revenue and Forecast to 2027 (US$ Mn)
10. Outdoor Furniture Market – Geographic Analysis
10.1 Overview
10.1.1 North America Outdoor Furniture Market, Revenue And Forecast to 2027
10.1.2 North America Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.1.3 North America Outdoor Furniture Market Breakdown, by Material
10.1.4 North America Outdoor Furniture Market Breakdown, by Product
10.1.5 North America Outdoor Furniture Market Breakdown, by End User
10.1.6 North America Outdoor Furniture Market Breakdown, by Country
10.1.6.1 US Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.1.6.1.1 US Outdoor Furniture Market Breakdown, by Material
10.1.6.1.2 US Outdoor Furniture Market Breakdown, by Product
10.1.6.1.3 US Outdoor Furniture Market Breakdown, by End User
10.1.6.2 Canada Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.1.6.2.1 Canada Outdoor Furniture Market Breakdown, by Material
10.1.6.2.2 Canada Outdoor Furniture Market Breakdown, by Product
10.1.6.2.3 Canada Outdoor Furniture Market Breakdown, by End User
10.1.6.3 Mexico Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.1.6.3.1 Mexico Outdoor Furniture Market Breakdown, by Material
10.1.6.3.2 Mexico Outdoor Furniture Market Breakdown, by Product
10.1.6.3.3 Mexico Outdoor Furniture Market Breakdown, by End User
10.2 Europe Outdoor Furniture Market Revenue and Forecasts To 2027
10.2.1 Europe Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.2 Europe Outdoor Furniture Market Breakdown, by Material
10.2.3 Europe Outdoor Furniture Market Breakdown, by Product
10.2.4 Europe Outdoor Furniture Market Breakdown, by End User
10.2.5 Europe Outdoor Furniture Market Breakdown, by Country
10.2.5.1 Germany Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.1.1 Germany Outdoor Furniture Market Breakdown, by Material
10.2.5.1.2 Germany Outdoor Furniture Market Breakdown, by Product
10.2.5.1.3 Germany Outdoor Furniture Market Breakdown, by End User
10.2.5.2 France Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.2.1 France Outdoor Furniture Market Breakdown, by Material
10.2.5.2.2 France Outdoor Furniture Market Breakdown, by Product
10.2.5.2.3 France Outdoor Furniture Market Breakdown, by End User
10.2.5.3 Italy Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.3.1 Italy Outdoor Furniture Market Breakdown, by Material
10.2.5.3.2 Italy Outdoor Furniture Market Breakdown, by Product
10.2.5.3.3 Italy Outdoor Furniture Market Breakdown, by End User
10.2.5.4 UK Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.4.1 UK Outdoor Furniture Market Breakdown, by Material
10.2.5.4.2 UK Outdoor Furniture Market Breakdown, by Product
10.2.5.4.3 UK Outdoor Furniture Market Breakdown, by End User
10.2.5.5 Russia Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.5.1 Russia Outdoor Furniture Market Breakdown, by Material
10.2.5.5.2 Russia Outdoor Furniture Market Breakdown, by Product
10.2.5.5.3 Russia Outdoor Furniture Market Breakdown, by End User
10.2.5.6 Rest of Europe Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.2.5.6.1 Rest of Europe Outdoor Furniture Market Breakdown, by Material
10.2.5.6.2 Rest of Europe Outdoor Furniture Market Breakdown, by Product
10.2.5.6.3 Rest of Europe Outdoor Furniture Market Breakdown, by End User
10.3 Asia Pacific Outdoor Furniture Market Revenue And Forecasts To 2027
10.3.1 Asia Pacific Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.2 Asia Pacific Outdoor Furniture Market Breakdown, by Material
10.3.3 Asia Pacific Outdoor Furniture Market Breakdown, by Product
10.3.4 Asia Pacific Outdoor Furniture Market Breakdown, by End User
10.3.5 Asia Pacific Outdoor Furniture Market Breakdown, by Country
10.3.5.1 Australia Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.1.1 Australia Outdoor Furniture Market Breakdown, by Material
10.3.5.1.2 Australia Outdoor Furniture Market Breakdown, by Product
10.3.5.1.3 Australia Outdoor Furniture Market Breakdown, by End User
10.3.5.2 China Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.2.1 China Outdoor Furniture Market Breakdown, by Material
10.3.5.2.2 China Outdoor Furniture Market Breakdown, by Product
10.3.5.2.3 China Outdoor Furniture Market Breakdown, by End User
10.3.5.3 Japan Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.3.1 Japan Outdoor Furniture Market Breakdown, by Material
10.3.5.3.2 Japan Outdoor Furniture Market Breakdown, by Product
10.3.5.3.3 Japan Outdoor Furniture Market Breakdown, by End User
10.3.5.4 India Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.4.1 India Outdoor Furniture Market Breakdown, by Material
10.3.5.4.2 India Outdoor Furniture Market Breakdown, by Product
10.3.5.4.3 India Outdoor Furniture Market Breakdown, by End User
10.3.5.5 South Korea Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.5.1 South Korea Outdoor Furniture Market Breakdown, by Material
10.3.5.5.2 South Korea Outdoor Furniture Market Breakdown, by Product
10.3.5.5.3 South Korea Outdoor Furniture Market Breakdown, by End User
10.3.5.6 Rest of Asia Pacific Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.3.5.6.1 Rest of Asia Pacific Outdoor Furniture Market Breakdown, by Material
10.3.5.6.2 Rest of Asia Pacific Outdoor Furniture Market Breakdown, by Product
10.3.5.6.3 Rest of Asia Pacific Outdoor Furniture Market Breakdown, by End User
10.4 MEA Outdoor Furniture Market, Revenue And Forecast to 2027
10.4.1 MEA Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
10.4.2 MEA Outdoor Furniture Market Breakdown, by Material
10.4.3 MEA Outdoor Furniture Market Breakdown, by Product
10.4.4 MEA Outdoor Furniture Market Breakdown, by End User
10.4.5 MEA Outdoor Furniture Market Breakdown, by Country
10.4.5.1 South Africa Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
10.4.5.1.1 South Africa Outdoor Furniture Market Breakdown, by Material
10.4.5.1.2 South Africa Outdoor Furniture Market Breakdown, by Product
10.4.5.1.3 South Africa Outdoor Furniture Market Breakdown, by End User
10.4.5.2 Saudi Arabia Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
10.4.5.2.1 Saudi Arabia Outdoor Furniture Market Breakdown, by Material
10.4.5.2.2 Saudi Arabia Outdoor Furniture Market Breakdown, by Product
10.4.5.2.3 Saudi Arabia Outdoor Furniture Market Breakdown, by End User
10.4.5.3 UAE Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
10.4.5.3.1 UAE Outdoor Furniture Market Breakdown, by Material
10.4.5.3.2 UAE Outdoor Furniture Market Breakdown, by Product
10.4.5.3.3 UAE Outdoor Furniture Market Breakdown, by End User
10.4.5.4 Rest of MEA Outdoor Furniture Market, Revenue and Forecast to 2027 (US$ Mn)
10.4.5.4.1 Rest of MEA Outdoor Furniture Market Breakdown, by Material
10.4.5.4.2 Rest of MEA Outdoor Furniture Market Breakdown, by Product
10.4.5.4.3 Rest of MEA Outdoor Furniture Market Breakdown, by End User
10.5 South America Outdoor Furniture Market Revenue And Forecasts To 2027
10.5.1 South America Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.5.2 South America Outdoor Furniture Market Breakdown, by Material
10.5.3 South America Outdoor Furniture Market Breakdown, by Product
10.5.4 South America Outdoor Furniture Market Breakdown, by End User
10.5.5 South America Outdoor Furniture Market Breakdown, by Country
10.5.5.1 Brazil Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.5.5.1.1 Brazil Outdoor Furniture Market Breakdown, by Material
10.5.5.1.2 Brazil Outdoor Furniture Market Breakdown, by Product
10.5.5.1.3 Brazil Outdoor Furniture Market Breakdown, by End User
10.5.5.2 Argentina Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.5.5.2.1 Argentina Outdoor Furniture Market Breakdown, by Material
10.5.5.2.2 Argentina Outdoor Furniture Market Breakdown, by Product
10.5.5.2.3 Argentina Outdoor Furniture Market Breakdown, by End User
10.5.5.3 Rest of South America Outdoor Furniture Market Revenue and Forecast to 2027 (US$ Mn)
10.5.5.3.1 Rest of South America Outdoor Furniture Market Breakdown, by Material
10.5.5.3.2 Rest of South America Outdoor Furniture Market Breakdown, by Product
10.5.5.3.3 Rest of South America Outdoor Furniture Market Breakdown, by End User
11. Overview- Impact of COVID-19 Outbreak
12. Impact of COVID-19 Pandemic on Global Outdoor Furniture Market
12.1 North America: Impact Assessment of COVID-19 Pandemic
12.2 Europe: Impact Assessment of COVID-19 Pandemic
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic
12.4 Middle East and Africa: Impact Assessment of COVID-19 Pandemic
12.5 South America: Impact Assessment of COVID-19 Pandemic
13. Key Company Profiles
13.1 Agio International Company, Ltd.
13.1.1Key Facts
13.1.2 Business Description
13.1.3 Products and Services
13.1.4 Financial Overview
13.1.5 SWOT Analysis
13.2 Ashley Home Stores, Ltd.
13.2.1 Key Facts
13.2.2 Business Description
13.2.3 Products and Services
13.2.4 Financial Overview
13.2.5 SWOT Analysis
13.3 Barbeques Galore
13.3.1 Key Facts
13.3.2 Business Description
13.3.3 Products and Services
13.3.4 Financial Overview
13.3.5 SWOT Analysis
13.4 Brown Jordan
13.4.1 Key Facts
13.4.2 Business Description
13.4.3 Products and Services
13.4.4 Financial Overview
13.4.5 SWOT Analysis
13.4.6 Key Developments
13.5 Century Furniture LLC
13.5.1 Key Facts
13.5.2 Business Description
13.5.3 Products and Services
13.5.4 Financial Overview
13.5.5 SWOT Analysis
13.6 Homecrest Outdoor Living LLC
13.6.1 Key Facts
13.6.2 Business Description
13.6.3 Products and Services
13.6.4 Financial Overview
13.6.5 SWOT Analysis
13.7 Keter Group
13.7.1 Key Facts
13.7.2 Business Description
13.7.3 Products and Services
13.7.4 Financial Overview
13.7.5 SWOT Analysis
13.8 Inter IKEA Systems B.V.
13.8.1 Key Facts
13.8.2 Business Description
13.8.3 Products and Services
13.8.4 Financial Overview
13.8.5 SWOT Analysis
13.9 Florida Patio Furniture Inc.
13.9.1 Key Facts
13.9.2 Business Description
13.9.3 Products and Services
13.9.4 Financial Overview
13.9.5 SWOT Analysis
13.10 Polywood
13.10.1 Key Facts
13.10.2 Business Description
13.10.3 Products and Services
13.10.4 Financial Overview
13.10.5 SWOT Analysis
14. Appendix
14.1 About The Insight Partners
14.2 Glossary
LIST OF TABLES
Table 1. Outdoor Furniture Market –Revenue and Forecast to 2027 (US$ Mn)
Table 2. North America Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 3. North America Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 4. North America Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 5. US Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 6. US Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 7. US Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 8. Canada Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 9. Canada Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 10. Canada Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 11. Mexico Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 12. Mexico Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 13. Mexico Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 14. Europe Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 15. Europe Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 16. Europe Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 17. Germany Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 18. Germany Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 19. Germany Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 20. France Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 21. France Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 22. France Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 23. Italy Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 24. Italy Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 25. Italy Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 26. UK Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 27. UK Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 28. UK Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 29. Russia Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 30. Russia Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 31. Russia Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 32. Rest of Europe Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 33. Rest of Europe Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 34. Rest of Europe Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 35. APAC Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 36. APAC Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 37. APAC Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 38. Australia Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 39. Australia Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 40. Australia Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 41. China Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 42. China Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 43. China Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 44. Japan Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 45. Japan Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 46. Japan Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 47. India Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 48. India Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 49. India Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 50. South Korea Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 51. South Korea Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 52. South Korea Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 53. Rest of APAC Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 54. Rest of APAC Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 55. Rest of APAC Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 56. MEA Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 57. MEA Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 58. MEA Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 59. South Africa Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 60. South Africa Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 61. South Africa Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 62. Saudi Arabia Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 63. Saudi Arabia Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 64. Saudi Arabia Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 65. UAE Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 66. UAE Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 67. UAE Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 68. Rest of MEA Outdoor Furniture Market, by Material – Revenue and Forecast to 2027 (US$ Mn)
Table 69. Rest of MEA Outdoor Furniture Market, by Product – Revenue and Forecast to 2027 (US$ Mn)
Table 70. Rest of MEA Outdoor Furniture Market, by End User – Revenue and Forecast to 2027 (US$ Mn)
Table 71. South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By Material (US$ Mn)
Table 72. South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 73. South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By End User (US$ Mn)
Table 74. Brazil Outdoor Furniture Market Revenue And Forecasts To 2027 – By Material (US$ Mn)
Table 75. Brazil Outdoor Furniture Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 76. Brazil Outdoor Furniture Market Revenue And Forecasts To 2027 – By End User (US$ Mn)
Table 77. Argentina Outdoor Furniture Market Revenue And Forecasts To 2027 – By Material (US$ Mn)
Table 78. Argentina Outdoor Furniture Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 79. Argentina Outdoor Furniture Market Revenue And Forecasts To 2027 – By End User (US$ Mn)
Table 80. Rest of South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By Material (US$ Mn)
Table 81. Rest of South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By Product (US$ Mn)
Table 82. Rest of South America Outdoor Furniture Market Revenue And Forecasts To 2027 – By End User (US$ Mn)
Table 83. Glossary of Terms, Global Outdoor Furniture Market
LIST OF FIGURES
Figure 1. Outdoor Furniture Market Segmentation
Figure 2. Global Outdoor Furniture Market Overview
Figure 3. Wood Segment Held Largest Share of Global Outdoor Furniture Market
Figure 4. North America Region Held Largest Share of Global Outdoor Furniture Market
Figure 5. Global Outdoor Furniture Market, Industry Landscape
Figure 6. North America: PEST Analysis
Figure 7. Europe: PEST Analysis
Figure 8. APAC: PEST Analysis
Figure 9. MEA: PEST Analysis
Figure 10. SAM: PEST Analysis
Figure 11. Expert Opinion
Figure 12. Outdoor Furniture Market Impact Analysis Of Driver And Restraints
Figure 13. Geographic Overview of Outdoor Furniture Market
Figure 14. Global: Outdoor Furniture Market – Revenue and Forecast to 2027 (US$ Mn)
Figure 15. Outdoor Furniture Market Revenue Share, by Material (2018 and 2027)
Figure 16. Metal: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 17. Plastic: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 18. Wood: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 19. Others: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 20. Outdoor Furniture Market Revenue Share, by Product (2018 and 2027)
Figure 21. Chairs: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 22. Tables: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 23. Seating Sets: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 24. Loungers and Daybeds: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 25. Dining Sets: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 26. Outdoor Furniture Market Revenue Share, by End User (2018 and 2027)
Figure 27. Residential: Outdoor Furniture Market – Revenue, and Forecast to 2027 (US$ Mn)
Figure 28. Commercial: Outdoor Furniture Market –Revenue and Forecast to 2027 (US$ Mn)
Figure 29. Outdoor Furniture Market Breakdown, by Region, 2018 & 2027 (%)
Figure 30. North America Outdoor Furniture Market, Revenue And Forecast to 2027 (US$ Mn)
Figure 31. North America Outdoor Furniture Market Breakdown, by Material, 2018 & 2027 (%)
Figure 32. North America Outdoor Furniture Market Breakdown, by Product, 2018 & 2027 (%)
Figure 33. North America Outdoor Furniture Market Breakdown, by End User, 2018 & 2027 (%)
Figure 34. North America Outdoor Furniture Market Breakdown, by Country, 2018 & 2027(%)
Figure 35. US Outdoor Furniture Market Forecasts to 2027 (US$ Mn)
Figure 36. Canada Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 37. Mexico Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 38. Europe Outdoor Furniture Market Revenue and Forecasts To 2027 (US$ Mn)
Figure 39. Europe Outdoor Furniture Market Breakdown, by Material, 2018 & 2027 (%)
Figure 40. Europe Outdoor Furniture Market Breakdown, by Product, 2018 & 2027 (%)
Figure 41. Europe Outdoor Furniture Market Breakdown, by End User, 2018 & 2027 (%)
Figure 42. Europe Outdoor Furniture Market Breakdown, by Country, 2018 & 2027(%)
Figure 43. Germany Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 44. France Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 45. Italy Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 46. UK Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 47. Russia Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 48. Rest of Europe Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 49. Asia Pacific Outdoor Furniture Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 50. Asia Pacific Outdoor Furniture Market Breakdown, by Material, 2018 & 2027 (%)
Figure 51. Asia Pacific Outdoor Furniture Market Breakdown, by Product, 2018 & 2027 (%)
Figure 52. Asia Pacific Outdoor Furniture Market Breakdown, by End User, 2018 & 2027 (%)
Figure 53. Asia Pacific Outdoor Furniture Market Breakdown, by Country, 2018 & 2027(%)
Figure 54. Australia Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 55. China Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 56. Japan Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 57. India Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 58. South Korea Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 59. Rest of Asia Pacific Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 60. Middle East and Africa Outdoor Furniture Market, Revenue And Forecast to 2027 (US$ Mn)
Figure 61. MEA Outdoor Furniture Market Breakdown, by Material, 2018 & 2027 (%)
Figure 62. MEA Outdoor Furniture Market Breakdown, by Product, 2018 & 2027 (%)
Figure 63. MEA Outdoor Furniture Market Breakdown, by End User, 2018 & 2027 (%)
Figure 64. MEA Outdoor Furniture Market Breakdown, by Country, 2018 & 2027(%)
Figure 65. South Africa Outdoor Furniture Market Forecast to 2027 (US$ Mn)
Figure 66. Saudi Arabia Outdoor Furniture Market Forecast to 2027 (US$ Mn)
Figure 67. UAE Outdoor Furniture Market Forecast to 2027 (US$ Mn)
Figure 68. Rest of Middle East and Africa Outdoor Furniture Market Forecast to 2027 (US$ Mn)
Figure 69. South America Outdoor Furniture Market Revenue And Forecasts To 2027 (US$ Mn)
Figure 70. South America Outdoor Furniture Market Breakdown, by Material, 2018 & 2027 (%)
Figure 71. South America Outdoor Furniture Market Breakdown, by Product, 2018 & 2027 (%)
Figure 72. South America Outdoor Furniture Market Breakdown, by End User, 2018 & 2027 (%)
Figure 73. South America Outdoor Furniture Market Breakdown, by Country, 2018 & 2027(%)
Figure 74. Brazil Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 75. Argentina Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 76. Rest of South America Outdoor Furniture Market Forecasts To 2027 (US$ Mn)
Figure 77. impact of COVID-19 pandemic in North American Country Markets
Figure 78. Impact of COVID-19 Pandemic in Europe Country Markets
Figure 79. Impact of COVID-19 Pandemic in Asia Pacific Country Markets
Figure 80. Impact of COVID-19 Pandemic in Middle East And Africa Country Markets
Figure 81. Impact of COVID-19 Pandemic in South America Country Markets
The List of Companies - Global Outdoor Furniture Market
- Agio International Company, Ltd.
- Ashley Home Stores, Ltd.
- Barbeques Galore
- Brown Jordan
- Century Furniture LLC
- Home crest Outdoor Living LLC
- Keter Group
- Inter IKEA Systems B.V.
- Florida Patio Furniture Inc.
- Polywood
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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