Who Plays Leading Roles in Outdoor Funiture Industry?

Asia Pacific accounts for the major market share.

Innovative furniture products are gaining popularity among consumers in Asia Pacific. The disposable income of consumers and emphasis on the care of extended spaces beyond the living room are growing. There is still big space for urbanization in the Asia Pacific region, where tall buildings need to be filled with furniture to be put to use. They are the major factors contributing to the growth of the outdoor furniture market.

Singapore, India, Malaysia and other countries that are known for their tourism industry. The demand for outdoor furniture is also gradually soaring. In developed countries with aging populations, a real-life version of the "Gold Rush" is being played out. And enthusiasm for manor houses will continue to fuel the global furniture market. The global outdoor furniture market is expected to exceed $31 billion by 2031, growing at a CAGR of 6% over the cycle (i.e., 2021-2031).

The use of natural raw materials is a trend in research and development.

Outdoor furniture is mostly used in outdoor scenes. It requires extra care in terms of materials, including specially treated aluminum, fabric and woven rattan are more common raw materials. Compared to wooden outdoor furniture, metal is more durable, aluminum or water-treated alloy is the best. But pay attention to prevent impact.

Textilene is a special material introduced with the characteristics of high temperature resistance, UV resistance and rain resistance and aging resistance. It is widely used in outdoor products and has very good performance. The chairs made of textilene weaving rope and aluminum alloy are lightweight. They are beautiful and welcomed by consumers.

Eucalyptus and teak are also the more common raw materials. The rich natural oils in both types of wood can form a natural barrier against insects, ants and moisture. Among them, teak furniture can maintain a better integrity even if it is not covered and not specially maintained. In addition, teak outdoor furniture can be frosted and polished to restore its original natural warm brown tones, and in the future, outdoor furniture made of teak will be the signature product that drives consumer demand.

The characteristics of acacia wood outdoor furniture is durable. Its own qualities, i.e., wear-resistant, waterproof, etc., eliminats the use of many chemicals. It is environmentally friendly materials. It is one of the future mainstream research and development materials.

Pandemic brings both threats and challenges.

After the outbreak of the epidemic, the market demand for outdoor furniture was compressed, because the global economy slowed down and business premises access to visitors was restricted. In addition, its high production costs and storage management costs became a barrier for small sellers to enter the market. Now the epidemic has been repeating! Even in the future open space pattern set will drive the global market for outdoor furniture further demand, but sellers need to retain the ability to store redundant inventory and cash flow to withstand the impact of these uncertainties.