The latest study by Fact.MR indicates that seating sets are likely to be the best-selling outdoor furniture product by 2026 end.
TORONTO, ON, May 10, 2018 /24-7PressRelease/ — The latest study conducted by Fact.MR, a market research firm, found that the global market for outdoor garden furniture is likely to grow in terms of value between 2017 and 2026. The report titled “Outdoor Garden Furniture Market Forecast, Trend Analysis & Competition Tracking: Global Review 2017 to 2026” projects that the compound annual growth rate (CAGR) of the furniture market will be 5.7% between the given period whereas the revenue will be USD 7,898.9 million (CAD 10237.61 million) by 2026 end.
“This is a great news for outdoor furniture retailers like us as the rise in the demand for garden furniture will eventually boost our sales. This is a boom to our business line that will motivate us to offer more to our customers in future”, says Carl Whittaker, the owner of Sunguard Awnings & Patio Furniture, the leading outdoor furniture store in Ontario.
The report also highlights some prominent forecasts and trends of the outdoor garden furniture industry by the end of 2026. It includes:
• The revenue of seating sets will reach nearly USD 3,700 million (CAD 4795.50 million) making it the top-selling outdoor garden furniture product by 2026 end.
• Wood will emerge to be the highly preferred material for outdoor furniture as it is eco-friendly and offers durability and aesthetic appeal.
• An estimated 5,000 thousand units of outdoor furniture are expected to be sold through independent furniture stores.
Sunguard Awnings & Patio Furniture is a well-known showroom of shade products and patio furniture in Ontario. With over 20 years of experience, the company is the backyard specialist of the GTA, offering a wide range of patio heaters, sun shelters, umbrellas, retractable awnings and outdoor furniture in various styles, colours and finishes at reasonable prices. We also provide installation of louvered roofs and awnings in residential or commercial spaces.
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