Market Overview:

According to Fortune Business Insights Global  Footwear Market  size was valued at USD 463.87 billion in 2024 and is expected to be worth USD 495.46 billion in 2025. The market is projected to reach USD 789.52 billion by 2032, recording a CAGR of 6.88% during the forecast period.

The global footwear market encompasses a broad spectrum of products, including shoes, boots, sandals, and slippers, available in various designs, colors, and materials to suit diverse consumer preferences. Market growth is primarily driven by rising disposable incomes, growing demand for premium and high-quality footwear, accelerated urbanization, and evolving consumer lifestyles.

LIST OF KEY COMPANIES PROFILED IN THE REPORT

• Nike, Inc. (U.S.)
• Adidas AG (Germany)
• Skechers (U.S.)
• Puma SE (Germany)
• Under Armour (U.S.)
• Crocs, Inc. (U.S.)
• Geox (Italy)
• ECCO Sko A/S (Denmark)
• New Balance (U.S.)
• Relaxo Footwears Limited (India)

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Segmentation:

Casual Segment Captured Dominant Share Driven by Their Ease and Suitability Factors

In terms of type, the market is segmented into casual, athletic/sports, formal, and others. The casual segment captured the dominant global footwear market share in 2024, driven by its comfort and suitability factors. Casual footgear is available in various designs and aligns with the latest fashion trends.

Men Segment Led Market Owing to Rise in Fashion Consciousness and High Interest in Sports Activities

In terms of end user, the global market is segmented into men, women, and kids. The men segment held the leading position in the global market. The segment’s growth can be attributed to the surge in fashion awareness in the male population and their high interest in sports activities such as cricket and football.

Supermarket/Hypermarket Segment Led Market Owing to Wide Availability of Diverse Array of Brands

In terms of distribution channels, the market is categorized into supermarkets/hypermarkets, specialty stores, online/e-commerce, and others. The supermarket/hypermarket segment led the market owing to the wide availability of a diverse array of footwear brands. They also provide an extensive variety of footgear at affordable prices and offer promotional discounts, increasing consumer interest in them.

With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

Report Coverage:

This report offers a comprehensive analysis of the global footwear market, covering key areas such as major product categories, distribution channels, end-user segments, and leading market players. It also explores emerging market trends and notable industry developments. Furthermore, the report delves into additional factors that have influenced and supported the market’s overall growth.

Drivers and Restraints:

High Participation in Sports and Focus on Sustainability to Spur Market Growth

The high inclination of consumers toward sports activities, such as football and cricket, for physical health benefits and fitness or enjoyment purposes propels the demand for sports shoes. The increasing participation of people in different sports events and tournaments is fueling further product demand. Consumer knowledge of the environmental impact is resulting in a surge in their interest in sustainable products manufactured from materials such as organic cotton and recyclable plastic. The top players are actively focusing on increasing their production of sustainable footgear.

However, the imposition of different regulations and policies on sales and production of footgear is expected to limit footwear market growth.

Regional Insights:

Asia Pacific Leads Global Footwear Market with Strong Manufacturing Base

In 2024, Asia Pacific emerged as the leading region in the global footwear market, driven by major manufacturing hubs like China and India. These countries play a crucial role as top footwear producers worldwide. Additionally, the rapid growth of the e-commerce sector—boosted by increased internet penetration—continues to support market expansion across the region.

North America holds the second-largest market share, fueled by a tech-savvy consumer base with a growing interest in smart footwear featuring innovations such as smartphone connectivity and built-in GPS. The U.S. dominates the regional market, with rising participation in sports like football and hockey significantly boosting demand for athletic footwear.

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Competitive Landscape:

Leading Players Focus on Cutting-Edge and Unique Footgear Development to Strengthen Their Market Positions

Intense competition comprising mid-scale, large-scale, premium, and local brands characterizes the global market. These brands are incorporating various strategic initiatives such as collaboration, production expansion, and marketing to strengthen their market positions. The leading players are focusing on cutting-edge and unique footgear development with features such as 3D printing.

Notable Industry Development:

May 2024:  Skechers, an American brand of footgear and apparel, launched its new store in Prague. The store is located in High Street Na Príkope and offers products such as footgear, accessories, and apparel.

Market Overview

According to Fortune Business Insights North America stands as the second-largest region in the global refrigerator market. In 2024, the global refrigerator market was valued at USD 74.74 billion and is projected to reach USD 120.01 billion by 2032, showcasing a CAGR of 5.56% during the forecast period. The   North America refrigerator market   is significantly driven by the increasing demand for advanced refrigeration technologies and smart home appliances, including features such as automated defrost and larger freezer capacities.

Competitive Landscape

Key Market Players:

• Haier Inc. (China)
• LG Corporation (South Korea)
• Samsung Group (South Korea)
• Whirlpool Corporation (U.S.)
• Voltas Limited (India)
• Electrolux AB (Sweden)
• Panasonic Holdings Corporation (Japan)
• Sharp Corporation (Japan)
• Hitachi, Ltd. (Japan)
• Toshiba Corporation (Japan)

These companies compete on the basis of technological innovation, product variety, brand recognition, and regional presence. Strategic collaborations and R&D investments are prominent approaches for enhancing market position.

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Market Dynamics

Key Drivers

1. Growing Consumption of Frozen Food Products:
   • The increasing reliance on frozen and ready-to-eat food items due to busy lifestyles is driving the demand for refrigerators.
   • High ice cream consumption in the U.S. adds to the need for reliable and efficient refrigeration solutions.
2. Technological Advancements and Product Innovation:
   • Key market players are focusing on integrating AI and IoT into refrigerators.
   • Innovations like Samsung’s Family Hub and LG’s MoodUP refrigerator are driving consumer interest.
3. Shift Toward Energy-Efficient and Smart Appliances:
   • Rising consumer inclination toward appliances with better insulation, energy efficiency, and compact design.
   • Increased construction of new homes and home remodeling trends are further boosting appliance sales.

Restraints

• Supply Chain Disruptions:
  • Shortages in electronic components and rising raw material and freight costs have caused delays and price hikes.
• High Maintenance and Repair Costs:
  • Average repair cost for refrigerators ranges from USD 200 to USD 330, affecting overall ownership cost.

Market Trends

1. Rising Adoption of Smart Home Appliances:
   • Millennials and tech-savvy consumers are increasingly opting for smart fridges with connectivity features.
   • Growing trend of at-home cooking and baking fuels demand for high-capacity and multi-functional refrigerators.
2. Customization and Personalization:
   • Brands like LG and Samsung are offering customizable refrigerator panels and designs to match consumer preferences.

Regional Insights   This market research report covers three key countries within the North America region:

• United States
• Canada
• Mexico   The U.S. is the dominant contributor, largely due to high disposable incomes, advanced consumer technology adoption, and lifestyle trends.

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Key Industry Developments:

• February 2023:   PHC Corporation launched the VIP ECO SMART ultra-low temperature freezer series with energy-efficient features.
• January 2023:   Samsung introduced the Bespoke Home 2023 lineup, including the Bespoke 4-Door Flex Refrigerator with Family Hub+.

The North America refrigerator market is poised for consistent growth through 2032, fueled by rising consumer expectations for smart, energy-efficient, and customizable appliances. Despite challenges in supply chain logistics and high maintenance costs, continued innovation and strategic initiatives by leading players will sustain the market momentum.

Fortune Business Insights   has released its latest research report titled “ Pet Services Market :   2025   Analysis and Forecast to   2032 ,” offering an in-depth assessment of industry size, share, growth trends, segmentation, key manufacturers, recent developments, major trends, market drivers, challenges, regulatory landscape, distribution channels, opportunities, strategies, and potential growth roadmaps.

The global pet services market size was valued at USD 43.39 billion in 2024. The market is projected to grow from USD 45.58 billion in 2025 to USD 66.23 billion by 2032, exhibiting a compound annual growth rate (CAGR) of 5.48% during the forecast period.   

Top Key Players In The Industry

• Destination Pet
• Pet Paradise
• Pet Resorts Australia
• CVS Group
• Camp Bow Wow
• Walmart
• Paws & Collars
• Wag Hotels
• Fetch! Pet Care
• Paw Space
• Others

Reasons to Buy This Report:

• Detailed analysis of factors, barriers, opportunities and challenges affecting market growth.
• Monitoring important developments in the industry such as new product launches, agreements, mergers and acquisitions, geographic expansions and joint ventures.
• Identifying the restraining and strengthening factors in the market.

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Comprehensive Overview of the Global Pet Services Market

This report provides an in-depth analysis of the global  Pet Services  market. It includes quantitative and qualitative analysis by manufacturer, region, country, type, and application. In line with the ever-changing market dynamics, the report covers the competitive landscape, supply and demand trends, and key factors driving the changing demands in the industry.

Introduction to Marketing Framework:

• Marketing Strategy and Implementation Steps
• Evaluation of market development with development trends, competition analysis, supply-demand balance, annual growth rates, competition comparisons, supplier profiles, CMI quadrant and other important analyses
• Presentation of regional and country-based special reports depending on demand
  Analysis of fast-growing regions and potential and niche segments Analysis of market size (historical data and forecasts), Total Addressable Market (TAM), Serviceable Current Market (SAM), Serviceable Available Market (SOM), market dynamics, technological developments, competition landscape and leading players (innovators, new ventures, market followers and leaders)

Key Questions:   

• How are sales, production, consumption, import and export trends shaped in the global market (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?

• Who are the leading manufacturers in the sector?
  
  
• What are the current capacity, production volume, sales performance, pricing, policies, costs, gross profit rate and revenue levels?
  
  
• What are the major risks and opportunities faced by the market?

Key Offerings:
• Market Size, Trends and Revenue-Based Forecasts
• Market Dynamics – Leading Trends, Growth Drivers, Barriers and Investment Opportunities
• Market Segmentation – Detailed Analysis by Low-Floor Light Rail Vehicles, High-Floor Light Rail Vehicles, Urban Light Rail Vehicles, Connected Cities and Regions
• Competitive Landscape – Leading Suppliers and Other Key Players

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This research report serves as a valuable resource for stakeholders looking to make informed decisions and capitalize on growth opportunities within [sector/industry]. By understanding market trends and consumer behavior, businesses can adapt their strategies to drive innovation and ensure sustainable growth.

Key Industry Development:

• October 2024 : Walmart, a U.S.-based retail corporation, launched its three new pet services centers in Glendale, Chandler, and Mesa across Arizona, U.S. According to the company, the new centers would offer various pet services, including grooming (baths, nail trims, teeth cleaning, ear cleaning & basic hair trims).

Market Overview

According to Fortune Business Insights   Asia air conditioner market   size was valued at   USD 12.16 billion in 2024   and is projected to grow from   USD 12.74 billion in 2025   to   USD 18.87 billion by 2032 , reflecting a   CAGR of 5.77%   during the forecast period.

Air conditioners play an essential role in ensuring indoor comfort across households and commercial spaces. Growth in the real estate sector, rising replacement demand, and the increasing focus on energy efficiency are key factors driving market expansion in Asia.

Competitive Landscape

The Asia air conditioner market is   highly competitive , with major players accounting for   25.86% of market share (2024) . Leading companies are scaling up production, enhancing R&D, and forming partnerships.

Key Companies

• Voltas Limited (India)
• GREE ELECTRIC APPLIANCES, INC. (China)
• DAIKIN INDUSTRIES, Ltd. (Japan)
• LG Electronics Inc. (South Korea)
• Samsung Electronics Co., Ltd. (South Korea)
• Hitachi, Ltd. (Japan)
• Midea Group (China)
• Panasonic Corporation (Japan)
• Mitsubishi Electric Corporation (Japan)

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Market Dynamics

Drivers

• Introduction of IoT-enabled Air Conditioners
  Manufacturers are increasingly launching smart, connected air conditioning units with IoT and inverter technology, supporting higher demand. Features like voice control, air-quality sensors, and app integration are enhancing appeal. For example, Toshiba’s 2024 launch of the HAORI model in Singapore highlights this trend.
• Growth in Hospitality and Tourism Sectors
  Rising construction of hotels and resorts, especially in Southeast Asia, is boosting demand for premium, smart cooling solutions.

Restraints

• Frequent Maintenance and Repair Costs
  Older and energy-inefficient models lead to high maintenance requirements and electricity costs, discouraging adoption in price-sensitive markets.

Opportunities

• Expansion of Retail Presence
  Leading brands are broadening their retail networks across Asia, enhancing product accessibility. Daikin’s large-scale manufacturing investment in India exemplifies this opportunity.

Challenges

• Supply Chain Volatility
  Fluctuating prices of semiconductors and key components, coupled with logistics challenges, continue to impact production costs and timelines.

Regional Insights

India

• 2024 market size:   USD 6.78 billion
• Joint ventures, local manufacturing, and rising smart home adoption drive growth.

Indonesia

• E-commerce penetration fuels access to new brands and product varieties.

Vietnam

• Environmental regulations and consumer preference for eco-friendly products spur innovation.

Rest of Asia (Thailand, Philippines, Malaysia)

• Government efficiency mandates support demand for energy-saving models.

Key Developments

• Dec 2024:   Daikin announced a USD 117.68 million investment in a new manufacturing plant in Andhra Pradesh, India.
• Sept 2024:   Haier invested USD 304.7 million to build its first air conditioning plant in Thailand.
• Dec 2024:   Hoshizaki acquired 51% of ARICO to expand in Vietnam.

Market Trends

• Home Décor Influence:   Consumers increasingly choose ACs that match home aesthetics.
• Sustainability:   Eco-friendly refrigerants and energy-efficient models are gaining ground.
• Smart Features:   Wi-Fi-enabled, voice-controlled, and app-integrated models see higher demand.

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Investment Outlook

The market offers robust opportunities in:

• R&D for eco-friendly and smart devices
• Local manufacturing expansion
• Joint ventures & partnerships
• Omnichannel retail strategies

The Asia air conditioner market is set for   steady growth   through 2032, driven by urbanization, smart home adoption, and consumer demand for energy efficiency. Companies that invest in technology, sustainability, and local manufacturing will be best positioned to capture emerging opportunities.

Market Overview

According to Fortune Business Insights, the   Global   Winter Sports Equipment Market   size   was valued at   USD 17.76 billion in 2024 . The market is projected to expand from   USD 19.53 billion in 2025   to   USD 30.97 billion by 2032 , exhibiting a   CAGR of 6.81%   over the forecast period. The   Asia Pacific   region led the global market in 2024, holding a   37.78% share , fueled by strong participation in snow sports and increasing investment in snow sports infrastructure.

Winter sports equipment includes skis, snowboards, poles, boots, protective gear, and other products designed to enhance performance and safety in snow-based activities. Advancements in materials, eco-friendly designs, and smart technology are key factors shaping market dynamics.

Competitive Landscape

The global market is   moderately consolidated , with top 5 players accounting for about   14.1%   of the market share in 2024. Key players are investing in capacity expansion, R&D, and partnerships to strengthen their market positions.

Key Companies

• Amer Sports Corporation (Finland)
• K2 Snow (U.S.)
• Rossignol Group (France)
• Tecnica Group (Italy)
• BAUER HOCKEY, LLC. (U.S.)
• Fischer Sports GmbH (Austria)
• Icelantic Skis (U.S.)
• Alpina Sports (Slovenia)
• Black Crows (France)
• SCOTT Sports SA (Switzerland)

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Market Dynamics

Drivers

• Expansion of Infrastructural Facilities
  Government and private sector investment in snow sports infrastructure (e.g., ice rinks, ski slopes) is significantly boosting product demand. For example, the Russian government allocated over   USD 7.2 billion   for sports facilities in 2022.
• Rise of Global Snow Sports Campaigns
  Promotional campaigns such as the   Special Olympics World Winter Games Turin 2025   are amplifying interest in snow sports, increasing demand for gear.

Restraints

• Injury Risks
  The potential for injuries (e.g., strains, fractures) during snow sports deters some participants and impacts equipment demand.
• High Costs of Premium Gear
  Expensive high-end equipment limits affordability, particularly for middle- and lower-income consumers.

Challenges

• Shift Toward Rental & Second-Hand Equipment
  The increasing popularity of rental and second-hand gear impacts retail sales of new equipment.

Key Developments

• January 2025 : Salomon launched S/PRO SUPRA DUAL BOA Ski Boots with advanced design for performance.
• November 2024 : Boss introduced a capsule snow gaming collection in Europe.

Investment & Growth Opportunities

• Smart equipment technologies (e.g., sensors, heating fabrics)
• Expansion into emerging markets
• Rental equipment integration with retail operations
• Sustainability-driven designs using eco-friendly materials

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Conclusion

The winter sports equipment market is poised for   steady growth through 2032 , driven by infrastructure expansion, winter tourism, and innovation in product design. Challenges such as rental competition and injury concerns persist but can be mitigated through technological advancements and marketing strategies.

Fortune Business Insights   has released its latest research report titled   “ Bleisure Travel Market , 2025-2032” , offering an in-depth analysis covering industry size, market share, growth trends, segmentation, key manufacturers and developments, major trends, market drivers, restraints, regulatory landscape, distribution channels, opportunities, strategic initiatives, potential roadmaps, and annual forecasts through 2032.

Relying on an authentic source of statistical data such as the Bleisure Travel Market Report 2025–2032 can help accelerate your business growth by providing valuable insights for strategic decision-making.

The global bleisure travel market size was valued at USD 685.20 billion in 2024. The market is projected to grow from USD 762.01 billion in 2025 to USD 1,713.69 billion by 2032, exhibiting a CAGR of 12.27% over the forecast period.

Top Key Players In The Industry

Flight Centre Travel Group,FCM Travel Solution, Bleisure Travel Company S.p.A Expedia Group,  American Express Travel, JTB Business Travel, CT Business Travel, World Travel Holding Inc, Carlson Wagonlit Travel, BCD Travel & Others

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Reasons to Buy This Report:

• Gain a comprehensive analysis of key factors, barriers, opportunities, and challenges influencing market growth.
• Stay updated on significant industry developments, including new product launches, strategic agreements, mergers and acquisitions, geographic expansions, and joint ventures.
• Identify both the restraining forces and growth drivers shaping the market landscape.

Comprehensive Overview of the Global Bleisure Travel Market

This report provides an in-depth analysis of the global  Bleisure Travel Market . It includes quantitative and qualitative analysis by manufacturer, region, country, type, and application. In line with the ever-changing market dynamics, the report covers the competitive landscape, supply and demand trends, and key factors driving the changing demands in the industry.

Introduction to Marketing Framework:

• Marketing Strategy and Implementation Steps
• Evaluation of market development with development trends, competition analysis, supply-demand balance, annual growth rates, competition comparisons, supplier profiles, CMI quadrant and other important analyses
• Presentation of regional and country-based special reports depending on demand
  Analysis of fast-growing regions and potential and niche segments Analysis of market size (historical data and forecasts), Total Addressable Market (TAM), Serviceable Current Market (SAM), Serviceable Available Market (SOM), market dynamics, technological developments, competition landscape and leading players (innovators, new ventures, market followers and leaders)

Key Questions:   

• How are sales, production, consumption, import and export trends shaped in the global market (North America, Europe, Asia-Pacific, South America, Middle East and Africa)?

• Who are the leading manufacturers in the sector?
  
  
• What are the current capacity, production volume, sales performance, pricing, policies, costs, gross profit rate and revenue levels?
  
  
• What are the major risks and opportunities faced by the market?

Key Offerings:
• Market Size, Trends and Revenue-Based Forecasts
• Market Dynamics – Leading Trends, Growth Drivers, Barriers and Investment Opportunities
• Market Segmentation – Detailed Analysis by Low-Floor Light Rail Vehicles, High-Floor Light Rail Vehicles, Urban Light Rail Vehicles, Connected Cities and Regions
• Competitive Landscape – Leading Suppliers and Other Key Players

To get to know more about this market, please visit:
https://www.fortunebusinessinsights.com/bleisure-travel-market-112349

Key Industry Development:

• January 2025:  Oakwood, a brand under Ascott Limited (Ascott), a Singapore-based hospitality company, introduced its new campaign, All You Knead is Comfort, to invite travelers and capture the growing need for blended travel.

Market Overview:

According to Fortune Business Insights Global   Lingerie Market   size stood at USD 44.92 billion in 2024. The market is projected to surge from USD 48.59 billion in 2025 to USD 87.35 billion by 2032, exhibiting a CAGR of 8.67% over the projection period.

Lingerie products, available in a wide range of colors, materials, and designs, are witnessing growing demand across many countries. This rise in popularity is driven by evolving fashion trends, the increasing participation of women in the workforce, and the influence of celebrity endorsements. Popular items in this category include knickers, bras, shapewear, and camisoles.

List of Key Players Mentioned in the Report:

• PVH Corp. (U.S.)
• MAS Holdings (Sri Lanka)
• Triumph Intertrade AG. (Switzerland)
• HanesBrands Inc. (U.S.)
• Jockey International, Inc. (U.S.)
• Affix Apparel (U.S.)
• Appareify (China)
• Bra Factory (India)
• Inspire Intimates (U.K.)
• Steve Apparel (U.S.)

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Segmentation:

Bras Segment Held Major Share Due to Comfort and Posture Support
Based on type, the market is segmented into bras, knickers/panties, and others. In 2024, the bras segment dominated the market, driven by the comfort they provide, as well as their role in preventing shoulder pain, supporting the spine, and maintaining proper posture.

Cotton Segment to Lead Market Owing to Durability and Softness
By material, the market is categorized into cotton, silk, nylon, satin, and others. The cotton segment is expected to hold the largest share during the forecast period, supported by its key benefits—including softness, durability, breathability, and excellent absorbency.

Online Stores Segment Projected to Register Highest CAGR Driven by Discounts and Convenience
In terms of distribution channel, the market is divided into specialty stores, online stores, and hypermarkets/supermarkets. The online stores segment is projected to exhibit the fastest growth between 2025 and 2032, fueled by promotional discounts, ease of access, and home delivery services.

Regional Analysis
Geographically, the market is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

Report Coverage:

The report presents an in-depth industry analysis on the basis of material, type, distribution channel, and geography. It further gives an account of the vital industry trends and the key factors slated to propel market expansion over the forthcoming years. The key strategies adopted by leading companies to increase their lingerie market share have also been provided in the report.

Drivers and Restraints:

Increasing Number of Women in the Workforce and Growing Fashion Industry to Boost Market Expansion

The expanding fashion sector and the high number of working women in various sectors has pushed the demand for a range of undergarments, positively influencing lingerie market growth across numerous regions. Some of the products depicting a high demand comprise strapless bras, T-shirt bras, shapewear, sports bras, and multipurpose bras. Besides, sheer & mesh material, bright colors, floral prints, and lightweight designs are also witnessing a rising popularity across various regions.  

Nonetheless, high costs associated with luxury products may restrain industry expansion.

Regional Insights:

Asia Pacific Leads the Market Driven by Large Female Population
Asia Pacific holds the largest share in the global market, supported by its substantial female population. For instance, in 2022, China alone reported approximately 689.69 million females, according to the National Bureau of Statistics of China. This demographic strength significantly contributes to regional demand for lingerie products.

Europe Secures Second-Largest Share Backed by Thriving Fashion Industry
Europe accounted for the second-largest market share in 2024. The region’s growth is fueled by a robust fashion sector and the increasing efforts of market players to introduce diverse undergarment offerings that cater to evolving consumer preferences.

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Competitive Landscape:

Industry Players are Investing in Promotional Activities to Enhance their Clientele Base

Market players are investing in brand endorsements and promotional activities to increase customer base. They are also introducing new lingerie products in flexible fabrics, multiple designs, and colors. Such initiatives help industry participants in attracting more customers and enhancing their product portfolios.

Key Industry Development:

August 2024 –   Bali announced the launch of Bali Breathe, a collection of light-as-air body basics comprising shapewear, bras, and underwear. The move aims at delivering customers quality and support with modern femininity and luxurious softness.

Market Overview:

According to Fortune Business Insights  Outdoor Furniture Market  size was valued at USD 53.27 billion in 2024. The market is projected to grow from USD 56.00 billion in 2025 to USD 81.44 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period. 

Outdoor furniture is primarily designed to enhance comfort and add charm to outdoor spaces. Crafted to endure harsh weather conditions—including heat, cold, and rain—this furniture is typically low-maintenance and highly versatile. It elevates the appeal of gardens, lawns, patios, and backyards. Rising urbanization and improving living standards have driven manufacturers to create furniture that aligns with modern fashion and luxury trends, thereby fueling market growth.

List of Key Players Mentioned in the Report:

• IKEA (Netherlands)
• Brown Jordan Co. (U.S.)
• Gloster Furniture (U.S.)
• Aura Global Furniture (India)
• Kettal Group (Spain)
• Woodard Furniture (U.S.)
• Royal Botania (Belgium)
• Ashley Furniture Industries, Inc. (U.S.)
• Kimball International (U.S.)
• Bernhardt Furniture Company Inc. (U.S.)

Report Coverage:
This report provides comprehensive insights into the market, including:

• Key growth drivers, restraints, opportunities, and challenges shaping the market landscape
• Regional and segment-wise analysis and developments
• Profiles of leading industry players
• Strategic initiatives adopted by key market participants
• Recent industry developments, such as product launches, partnerships, mergers, and acquisitions

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Segmentation:

Tables Segment to Lead Stoked by Rising Remote Working Population

As per product type, the market is split into tables, chairs, dining sets, and others. Among these, the tables segment is expected to dominate the market due to rising prevalence of remote working conditions that boosted the demand for tables across households. Moreover, tables are portable, spacious, and compact and enable users to work from common spaces with ease this aiding segment expansion.

Wood Segment to Dominate Owing to Durability and Waterproof Nature

According to material type, the global market is divided into wood, metal, plastic, and others. Among these, the wood segment captured the largest outdoor furniture market share in 2022 backed its low maintenance requirements and high durability. Moreover, some wood varieties such as teakwood, cedar, mahogany, and acacia wood are waterproof and possess insect repellent properties making them the ideal choice for crafting essential furnishing items for outdoor use thus aiding segment growth.

Residential Segment to Hold Major Share Due to Growing Disposable Income

Based on end user, the market is bifurcated into residential and commercial. Among these, the residential segment led the market in 2022 owing to rising disposable income and surging demand for lawn and balcony fixtures for homes. Additionally, rising consumer focus on home renovation and modification will also contribute to segment expansion in the upcoming years.

Geographically, the market is segregated into North America, Europe, Asia Pacific, South America, and the Middle East & Africa.

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Regional Insights:

Asia Pacific to Capture Significant Share Due to Expansion of Real Estate Sector

Asia Pacific held the dominant market share in 2022 owing to the growing number of construction projects and growth of the real estate industry. This, in turn, is contributing to regional market growth. Moreover, easy availability of a wide range of upholstery items and easy access to various international and domestic furnishing brands online has attributed to market proliferation in this region.

North America market is slated to grow significantly in the forthcoming years backed by presence of leading upholstery manufacturers such as Sunset West U.S., Brown Jordan, and Gabriella White LLC. Changing consumer inclination and growing disposable income have escalated the demand for chairs for lawns and outdoor settings.

Europe market is projected to grow substantially in the forthcoming years backed by launch of premium furnishing collections for decorating outdoor spaces. The high number of gardens and lawns in the region have generated demand for benches and chairs for outdoor seating thus attributing to market growth in this region.

Competitive Landscape:

Unveiling of New Stores by Leading Players to Propel Market Augmentation

Industry leaders in this domain are making several moves to strengthen their positioning and expand customer base to gain a competitive advantage over new entrants. One such move is opening new stores to make their products accessible to a wider customer base. For instance, in December 2022, Brown Jordan Co., inaugurated its new Manhattan flagship showroom in the New York Design Center at 200 Lexington Avenue. The newly opened showroom will help customers to explore the wide range of cutting-edge finishes, designs, and fabrics of outdoor furniture.

Key Industry Development:

February 2023:  Vetra, a leading producer outdoor furniture products, has launched a luxurious outdoor furniture range. The launch will help the company to expand its reach and increase its product line depth.