With
the development of the global economy, the residents\' lifestyle and consumption
pattern change, and the development and demand of tourism and catering industry
promote the formation and development of outdoor furniture market. The types of
outdoor furniture are more and more diversified, and their applications are
more and more extensive, especially the application of outdoor tables.
Outdoor
Patio Tables were designed specifically for Outdoor use. The most common type
of table is made of plastic, wood, metal and other materials. Teak is one of
the types of wood. It contains natural silica, can resist fungi corrosion,
water many of the functions (such as decay, expansion and warping) and chemical
weathering. Tables made of metal are strong and durable, but can corrode if the
protective coating is damaged. Plastic table with waterproof, light, easy to
color and molding with strong design, at the same time to avoid direct
sunlight, high temperature, so as to avoid chemical reaction. As a result,
outdoor patio tables made of wood held the lion\'s share of the market and its
market value has reached $621.18 million in 2019.
Outdoor patio tables are widely applied in the commercial industry sector and residential sector. Commercial outdoor tables are suitable for any corporate and commercial clients, including property management companies, apartments, hotels, country clubs, restaurants, and terrace lounges in outdoor terraces, investment business hotels and resorts, and even parks use outdoor patio tables as picnic tables. The market value of outdoor patio tables applied in the commercial sector has reached $563.63 million in 2019. There is also a special focus on personalizing outdoor patio tables for homes to create a comfortable and attractive outdoor living space for family and friends to gather in the backyard. The market value of outdoor patio tables applied in the residential sector has reached $415.37 million in 2019.
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Global Outdoor Patio Tables Market Status and Prospect Analysis
The western United States is the largest revenue market with a market share of 30.49% in 2019. The region is densely populated with high GDP per capita and well-developed business, so the demand for outdoor patio tables is relatively strong. Its market value has reached $298.51 million in 2019.
The southern United States has the second largest market share at 29.98%. In recent years, construction activities are increasing due to increased expenditure on repairing hurricane damage, which has led to a sharp rise in demand for outdoor patio tables. Its market value has reached $293.51 million in 2019. Its market value is expected to rise further in the coming years.
Moreover, the northeastern United States is expected to be a potential growth market for outdoor patio tables in the United States. The Northeastern United States occupies less than 1.5% of the country’s territory, but has 20% of the population and high urbanization level. The area is the most developed region for business and industry. New York City, the nation\'s first metropolis, is located in the region. With the growing economy, sharp increase in downstream demand and continuous innovation and advancement in technology will drive further expansion of the outdoor patio table market in the Northeastern United States. Its market share is expected to expand from 24.55% in 2019 to 24.93% by 2027.
Changing Lifestyles of People to Boost Outdoor Patio Table Market
According to research, personal income in the United States grew at an annual rate of 2.3% in the first quarter of 2020, with rising consumption stimulating the growth of the tourism and restaurant industry. As the variety of outdoor furniture becomes more and more diverse and widely used, it greatly satisfies the new era of people\'s passion for "outdoor life" and promotes the development of the outdoor patio table market.
In order to pursue a healthy and fashionable life, outdoor recreation is becoming more and more important. In the outdoor space, people can really be close to nature, stay in nature, and enjoy the relaxation and comfort brought by nature. International economists generally believe that leisure time has arrived. Chic and elegant outdoor furniture has become a bright landscape in outdoor leisure life. With the accelerated urbanization and the development of tourism, outdoor furniture has become a hot spot in the furniture industry, which will undoubtedly promote the development of the market.
However, the outbreak of the COVID-19 epidemic has hampered the development of the outdoor patio table market. In order to prevent and control the epidemic, people are not allowed to go out. The production of various industrial chains has been severely slowed down, the efficiency of corporate management has also been greatly reduced, the production process of the workshop has also been seriously disrupted, and marketing has been forced to suspend, resulting in a decline in market sales. In 2020, global outdoor patio table market value decreases to $963.48 million from $979 million in 2019. However, the outbreak of the epidemic has also accelerated the elimination of outdoor furniture supplies, indirectly promoting the transformation and upgrading of the outdoor furniture industry.
At present, outdoor furniture is developing towards diversification and multi-functionality to meet the needs of different consumer groups. The selection of materials also continuously pursues innovation and environmental protection to promotes the transformation and upgrading of the industry. Besides, with the improvement of global laws and regulations, the industry standards are in line with international standards, and industry self-regulation and consumer rights protection awareness is also increasing. The industry is gradually stepping into the fast lane of standardized development, which will bring more surprises to the industry and consumers. The market value of outdoor patio tables is expected to reach $1280.32 million by 2027.
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