According to the report titled ‘Asia Pacific Outdoor Furniture Market Forecast 2027 By Material, By Product, By Application, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with Market Study Report, Asia Pacific outdoor furniture market is anticipated to gain massive returns by the year 2027.
 

Consumer inclination towards multipurpose furniture, and wide availability of raw materials required for production are the factors boosting the growth of Asia Pacific outdoor furniture market. Moreover, total lockdown imposed in Asian countries to curb the spread of the COVID-19 had forced more than half the population to remain indoors. This encouraged people to shift their focus on upgrading gardens and balconies with appealing furniture, hence augmented industry progression.
 

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Rapid urbanization has created strong demand for garden spaces in residences, which along with surging residential renovation & development activities in countries like China, Indonesia, Philippines, and India is also contributing to the industry expansion.
 

By material, Asia Pacific outdoor furniture market is bifurcated into textile, metal, wood, plastic, and others. The wood segment captured 44% market share in 2020, owing to the appealing designs, and natural aesthetics of wooden furniture.
 

On the basis of product, the industry is split into chairs, tables, seating sets, dining sets, loungers & day beds, and others. The dining sets segment is expected to capture a significant market share by the year 2027, due to rising product adoption in residential and commercial places. Dining sets come in a variety of combinations, ranging from seating capacity and material used, which is adding to the popularity.
 

The end user spectrum of the marketplace includes residential and commercial. Among these, commercial outdoor furniture segment is slated to exhibit 5.9% CAGR during 2021-2027, owing to the adoption of outdoor furniture in open restaurants, resorts, universities, public parks, and hospitals. Moreover, emergence of many countries as popular tourist hubs has also boosted product demand in this sector.
 

Speaking of geographical ambit, the market in China, India, and South Korea is likely to gain momentum in the coming years, due to rapid economic development in these countries. Apart from that, China has emerged as a major consumer of outdoor furniture due to minimized cost of products, backed by large scale production and lower labor costs.
 

Major companies operating in Asia Pacific outdoor furniture industry are Linya Group Co., Ltd., Shouguang Sunrise Industry Co., Ltd., Linyi Haisen  Wood Co., Ltd., Shouguang Bailing Wood Industry Co., Ltd., Klausner Group, Formica Ltd., TUUCI, Keter Plastic Ltd., ZUO Modern Contemporary, Inc., Hospitality Rattan, Trex Company, Inc., Outdoors India, Royal Botania NV, IKEA Ltd., Roda SRL, and Haworth, Inc.