LAMEA Outdoor Furniture Market Size, Share & Industry Trends Analysis Report By End-use (Residential and Commercial), By Material Type (Wood, Plastic and Metal), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Latin America, Middle East and Africa Outdoor Furniture Market would witness market growth of 6.9% CAGR during the forecast period (2022-2028).
With the steady increase in urbanization, cities are bound to expand. It will further demand more infrastructure facilities like restaurants, offices, hotels, residential units, schools, etc. Consequently, it will boost the demand for outdoor furniture in all such places. An increase in outdoor workstations, offices, and meditation gardens is also increasing the demand for outdoor furniture.
The rise of work-from-home cases during the pandemic increased the issues of anxiety in many people. Therefore, many individuals resorted to setting up outdoor tables and chairs in their gardens. As a result, the outdoor office trend grew as working in a fresh environment significantly helped in relaxation. It was also observed that the outdoor office workers were more focused and productive, effects that were induced by the surrounding greenery.
The increasing changes in the living standard of people in the region is a prominent factor that is guiding the growth of outdoor furniture. The population of the African continent as a whole has been rising continuously and, therefore, projects the region as an appealing and growing marketplace. Simultaneously, the rise in the urban population and their purchasing capacity, along with the region’s growing economy, are primary factors that propel the expansion of outdoor furniture.
The Brazil market dominated the LAMEA Outdoor Furniture Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $1,084.1 million by 2028. The Argentina market is experiencing a CAGR of 7.4% during (2022 - 2028). Additionally, The UAE market would exhibit a CAGR of 6.6% during (2022 - 2028).
Based on End-use, the market is segmented into Residential and Commercial. Based on Material Type, the market is segmented into Wood, Plastic and Metal. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
Free Valuable Insights: The Global Outdoor Furniture Market is Predict to reach $61 Billion by 2028, at a CAGR of 5.2%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Kimball International, Inc., Inter IKEA Systems B.V. (Inter IKEA Holding B.V.), Keter Group B.V. (BC Partners), Ashley Furniture Industries, LLC, Brown Jordan, Inc, Agio International Company, Ltd, Lloyd Flanders, Inc., Barbeques Galore Pty, Ltd, Century Furniture LLC (RHF Investments, Inc.), and Aura Global Furniture.
Scope of the Study
Market Segments Covered in the Report:
By Material Type
- Saudi Arabia
- South Africa
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Kimball International, Inc.
- Inter IKEA Systems B.V. (Inter IKEA Holding B.V.)
- Keter Group B.V. (BC Partners)
- Ashley Furniture Industries, LLC
- Brown Jordan, Inc
- Agio International Company, Ltd
- Lloyd Flanders, Inc.
- Barbeques Galore Pty, Ltd
- Century Furniture LLC (RHF Investments, Inc.)
- Aura Global Furniture
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