Global Outdoor Furniture and Grills Market Poised for Growth with a CAGR of 5.7% through 2023-2030
According to a new report published by MarkWide Research, titled, “Outdoor Furniture and Grills Market,” the global outdoor furniture and grills market is poised for growth, projecting a CAGR of 5.7% during the forecast period of 2023-2030. This comprehensive market research report provides an in-depth analysis of the current market dynamics, key trends, growth drivers, challenges, and opportunities within the outdoor furniture and grills industry.
City, Date – Outdoor living spaces have become an integral part of residential properties, leading to increased demand for outdoor furniture and grills. The global outdoor furniture and grills market is experiencing growth due to several key factors:
- Expanding Outdoor Spaces: Homeowners are investing in creating outdoor spaces for relaxation and entertainment.
- Diverse Product Offerings: Manufacturers offer a wide range of outdoor furniture and grill designs to cater to different tastes.
- Quality and Durability: Consumers prioritize quality and durability for outdoor products exposed to varying weather conditions.
- Eco-friendly Materials: Sustainable and eco-friendly materials are gaining popularity in outdoor furniture.
- Barbecue Culture: The barbecue culture is growing globally, driving grill sales.
The global outdoor furniture and grills market is segmented based on product type (outdoor furniture, grills, and accessories), material type (wood, metal, plastic, and others), end-use (residential and commercial), and region.
Geographically, North America and Europe are prominent markets for outdoor furniture and grills, driven by a strong outdoor lifestyle culture and demand for high-quality products. Asia-Pacific is witnessing growth, supported by urbanization and changing consumer preferences.
Key players in the global outdoor furniture and grills market include Weber-Stephen Products LLC, Brown Jordan International, Inc., and Ashley HomeStores, Ltd., among others. These companies emphasize innovation, sustainability, and expanding their product portfolios.
In conclusion, the global outdoor furniture and grills market are poised for growth as outdoor living spaces continue to gain importance in residential and commercial settings.