Take it outside: As import competition continues to increase, industry revenue will suffer

Although US demand for outdoor furniture has risen steadily, industry manufacturers have had a diminished role in supplying it due to intense import competition, causing industry revenue to fall over the five years to 2017. Outdoor furniture is less expensive to manufacture abroad, especially in countries such as China and Vietnam. Foreign manufacturers can then pass these cost savings to customers in the form of lower prices, widening their appeal to budget-conscious consumers. Prospects for industry growth will continue to be bleak over the five years to 2022. The US dollar is expected to continue appreciating, making imports even more affordable to domestic consumers...read more.

Industry Statistics & Market Size
Revenue
$798m
Annual Growth 12-17
-2.2%
Forecast Growth 17-22
Profit
Employment
4,134
Businesses
294
Market Share of Companies
There are no companies with a dominant market share in this industry
What Our Customers Say

Industry Threats & Opportunities

  • Operators have had a diminished role in supplying industry products due to intense import competition
  • Purchasers of outdoor furniture are typically less concerned with quality and more motivated by price
  • Imports will continue to surge despite some reshoring of manufacturing activity away from Asian countries
  • Industry Report - Industry Key Buyers Chapter

    The Outdoor Furniture Manufacturing industry exhibits a low market share concentration. In 2017, no individual player is expected to account for more than 5.0% of 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 14 workers, lacking the man power to provide furniture on a large scale.Over the past five years, industry concentration has increased slightly as a result of operators leaving the industry due to stiff import penetration. For...purchase to read more.

    Additional Insights for the Outdoor Furniture Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Outdoor Furniture Manufacturing Industry are

  • Environmental compliance
  • Automation
  • Effective quality control
  • IBISWorld analysts also discuss how external factors such as Import penetration into the manufacturing sector and Housing starts in the Outdoor Furniture Manufacturing industry impact industry performance..

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    What is the Outdoor Furniture Manufacturing Industry?

    This industry manufactures outdoor furniture, such as lawn and patio chairs, picnic tables and patio umbrellas. Outdoor furniture can be made of various materials, including metal, wood and plastic. Items are designed to be placed outside the home. Furniture designed specifically for camping is excluded from this industry.

    Industry Products
  • Plastic outdoor furniture
  • Metal outdoor furniture
  • Wood outdoor furniture
  • Industry Activities
  • Manufacturing metal outdoor furniture
  • Manufacturing wood outdoor furniture
  • Manufacturing plastic outdoor furniture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Import penetration into the manufacturing sector
  • Housing starts
  • Per capita disposable income
  • Trade-weighted index
  • Price of steel

  • Current Performance
  • Imports dominate
  • Domestic producers exit
  • Chart: Revenue Growth

  • Industry Outlook
  • Squeezed out of the market
  • Profit pressures persist
  • Table: Outdoor Furniture Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Outdoor Furniture Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture Wholesaling
  • Furniture Stores
  • Department Stores
  • Consumers

  • Key Selling Industries
  • Cement Manufacturing
  • Metal Wholesaling
  • Plastic & Resin Manufacturing
  • Sawmills & Wood Production

  • Products & Services
  • Metal outdoor furniture
  • Plastic outdoor furniture
  • Wood outdoor furniture
  • Chart: Outdoor Furniture Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
  • Housing starts
  • Price and import demand

  • Major Markets
  • Department stores and warehouse clubs
  • Home furnishing stores
  • Independent wholesalers
  • Other retailers
  • Exports
  • Other
  • Businesses
  • Chart: Major Market Segmentation for the Outdoor Furniture Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesMarketing and depreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Outdoor Furniture Manufacturing

  • Basis of Competition
  • Internal Competition
  • External Competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Outdoor Furniture Manufacturing Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Outdoor Furniture Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Outdoor Furniture Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Trade-weighted index (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Polyethylene
  • One of the most common plastics used in outdoor furniture.
  • Polypropylene
  • A common plastic used in outdoor furniture manufacturing.
  • Rattan
  • The thin pliable stems of a palm, used to make outdoor furniture.
  • Teak
  • Hard durable wood used in outdoor furniture manufacturing.
  • Wicker
  • Pliable twigs (usually willow) braided or woven to make outdoor furniture.
  • Why buy this report?

    IBISWorld’s Outdoor Furniture Manufacturing Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Outdoor Furniture Manufacturing industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Outdoor Furniture Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Outdoor Furniture Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Outdoor Furniture Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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