Industry Analysis & Industry Trends
Growth for the Outdoor Furniture Manufacturing industry was sluggish over the past five years, as a result of the high level of import penetration. However, housing starts and rising disposable income boosted demand, allowing revenue to slightly increase. Looking forward, the US dollar is expected to continue appreciating, making imports even more affordable from domestic consumers. Therefore, while the industry will not suffer from a shortage in demand for industry products, challenges lie in the manufacturing of a quality product at a competitive price point.... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Outdoor Furniture Manufacturing industry exhibits a low market share concentration, with the top four players accounting for less than 20.0% of total industry revenue. The majority of industry operators are smaller manufacturers looking to serve specific regions, leading to geographic fragmentation and a low level of market share concentration. According to IBISWorld estimates, the average establishment employs 26 workers, in effect lacking the man power to provide furniture on a large scale.
Over the past five years to 2015, industry concentration has increased slightly as a result of operators leaving the industry due to stiff import penetration... purchase to read more