Key regions: United States, Worldwide, Germany, India, Denmark
The Outdoor Furniture market in United States is experiencing significant growth and development.
Customer preferences: Customers in the United States have shown a strong preference for outdoor living spaces and spending time outdoors. This has led to an increased demand for outdoor furniture, as people seek to create comfortable and attractive outdoor environments. Additionally, there is a growing trend towards using outdoor spaces as extensions of the home, with outdoor furniture becoming more stylish and luxurious to reflect this.
Trends in the market: One of the key trends in the Outdoor Furniture market in United States is the growing popularity of eco-friendly and sustainable products. As consumers become more conscious of their environmental impact, they are seeking out furniture made from recycled materials or sustainably sourced wood. This trend is driving innovation in the market, with manufacturers introducing new materials and production processes to meet the demand for eco-friendly outdoor furniture. Another trend in the market is the rise of online sales. With the increasing popularity of e-commerce, more customers are choosing to purchase outdoor furniture online. This allows them to easily compare prices and products, and have the furniture delivered directly to their doorstep. Online retailers are capitalizing on this trend by offering a wide range of outdoor furniture options and providing a seamless shopping experience.
Local special circumstances: The United States has a diverse climate, with different regions experiencing varying weather conditions throughout the year. This has led to a demand for outdoor furniture that is durable and can withstand different weather conditions. Manufacturers have responded to this demand by developing weather-resistant materials and coatings, ensuring that outdoor furniture can withstand rain, sun, and other elements.
Underlying macroeconomic factors: The strong economy in the United States has contributed to the growth of the Outdoor Furniture market. As disposable incomes rise, consumers have more money to spend on outdoor furniture and are willing to invest in higher quality and more expensive pieces. Additionally, the housing market has been strong, with many homeowners investing in outdoor spaces and landscaping, further driving the demand for outdoor furniture. In conclusion, the Outdoor Furniture market in United States is experiencing growth and development due to customer preferences for outdoor living spaces, trends towards eco-friendly and online sales, local special circumstances such as diverse weather conditions, and underlying macroeconomic factors such as a strong economy and housing market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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