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 Analysis Chapter
Operators in the Outdoor Furniture Manufacturing industry make seating, tables, lounges and other furniture to be used specifically outdoors, usually on patios, porches, around pools and in backyards. While the industry does not include furniture designed for camping, the two markets share a key similarity. Both product classes are designed to withstand wear and tear from the elements during each season. Outdoor furniture can be made using various materials including metal, wood and plastic. Key factors affecting industry demand are disposable income, number of housing starts, number of affluent households, weather and currency exchange rates.
Economic conditions have improved over the five years to 2015, boosting housing starts and disposable income... purchase to read more