Industry Analysis & Industry Trends
Over the past five years, demand for the Outdoor Furniture Manufacturing industry has improved. Housing starts have surged, boosting demand from new homeowners for various types of furniture, including products meant for outdoor use. Moreover, increased spending power has lifted demand for new outdoor furniture sets. Nevertheless, industry revenue declined over the period as more downstream retailers and consumers turned to lower-cost imports. Moving 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 Products Chapter
Metal outdoor furniture
Metal outdoor furniture is the largest industry offering, generating an estimated 54.9% of industry revenue in 2016. Metal outdoor furniture comes in a variety of types including aluminum, stainless steel and wrought iron. Aluminum is used because it is lightweight and does not rust, although it is not as visually pleasing as other types of outdoor furniture. Stainless steel is sturdier than aluminum but it requires upkeep to prevent rust from forming; as a result stainless steel has lost some of its popularity. Wrought iron comes in many styles and requires little maintenance, additionally providing a luxurious look.
This segment is expected to experience the most product innovation and improved quality over the next five years... purchase to read more