North America Outdoor Furniture and Parking Lot Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Benches, Tables, Parking Lot Products, Waste Receptacles, and Others) and End Use (Public Parks, Schools and Universi

North America Outdoor Furniture and Parking Lot Products Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product Type (Benches, Tables, Parking Lot Products, Waste Receptacles, and Others) and End Use (Public Parks, Schools and Universities, Residential Buildings, Commercial Buildings, HORECA, and Others)

The North America outdoor furniture and parking lot products market is expected to grow from US$ 14,339.39 million in 2022 to US$ 18,046.44 million by 2028. It is expected to register a CAGR of 3.9% from 2022 to 2028.

Outdoor furniture products include benches, tables, chairs, armchairs, rocking chairs, suspended seats, sofas, patio loveseats, outdoor dining sets, and many others. Benches are the most widely used outdoor furniture. Garden benches are available in different types of materials. These outdoor furniture products are mostly weather-resistant and are made to withstand some of the harshest conditions. Further, speed humps, bumps, and wheel stops are commonly used parking lot products.

Based on end use, the North America outdoor furniture and parking lot products market is segmented into public parks, schools and universities, residential buildings, commercial buildings, HORECA, and others. In 2022, the commercial buildings segment held the largest market share, and the HORECA segment is also expected to be the fastest-growing segment during the forecast period. Outdoor furniture and parking lot products are widely used in commercial buildings such as office buildings, shopping malls, hospitals, airports, and retail stores. Outdoor tables provide a designated space for different activities in commercial buildings. In office spaces, outdoor seating, including dining chairs, benches, Adirondack chairs, and rocking chairs, are provided for employees to sit and enjoy their break or relax during a meeting. Moreover, parking lot products are used to promote safe driving around commercial spaces such as shopping malls, hospitals, and office buildings. These factors are driving the North America outdoor furniture and parking lot products market growth.

The North America outdoor furniture and parking lot products market is segmented into the US, Canada, and Mexico. In 2022, the US held the largest share of the North America outdoor furniture and parking lot products market and it is expected to grow at the highest CAGR over the forecast period. Rising consumer spending, increasing spending on outdoor leisure activities, and growing need for environment-friendly outdoor furniture are a few factors that are expected to boost the demand for outdoor furniture and parking lot products in the US.

The consumer goods industry faced unprecedented challenges due to the COVID-19 pandemic. The shortage of raw materials and laborers, shutdown of factories, and other operational difficulties associated with COVID-19 safety protocols adversely affected the North America outdoor furniture and parking lot products market. The lockdown measures disturbed the supply chains and production of outdoor furniture and parking lot products. However, the successful implementation of large-scale vaccination drives eased the tension in current business scenarios, leading to a rise in business activities. After months of staying indoors, many homeowners started investing significantly in outdoor spaces. Due to the COVID-19 pandemic, individuals realized the benefits of spending time outdoors for physical and mental health. During the pandemic, outdoor space decoration evolved from a short-term hobby to a long-term passion for many homeowners. Further, the pandemic has changed consumer behavior. Many people are shopping online, and there has been an increase in e-commerce sales of furniture products. The economies revived their operations, and the demand for outdoor furniture and parking lot products is expected to rise globally in the coming years.

Agio International Company Ltd, Brown Jordan Company, Century Furniture LLC, Inter IKEA Holding BV, Keter US Inc, Florida Patio Furniture Inc, Transline Industries Inc, Emedco US, The Traffic Safety Store, and Dancop International GmbH are among the leading players in the North America outdoor furniture and parking lot products market. These companies are adopting strategies such as mergers & acquisitions and product launches to expand their geographic presence and consumer bases.

The overall North America outdoor furniture and parking lot products market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data and gain more analytical insights. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers—along with external consultants, including valuation experts, research analysts, and key opinion leaders—specializing in the North America outdoor furniture and parking lot products market.

Reasons to Buy

Progressive industry trends in the North America outdoor furniture and parking lot products market to help players develop effective long-term strategies
Business growth strategies adopted by developed and developing markets
Quantitative analysis of the North America outdoor furniture and parking lot products market from 2020 to 2028
Estimation of the demand for outdoor furniture and parking lot products across various industries
PEST analysis to analyze the Political, Economic, Socio-Cultural, and Technological changes in the business environment
Recent developments to understand the competitive market scenario and the demand for outdoor furniture and parking lot products in North America.
Market trends and outlook coupled with factors driving and restraining the growth of the North America outdoor furniture and parking lot products market.
Decision-making process by understanding strategies that underpin commercial interest concerning the North America outdoor furniture and parking lot products market growth
The North America outdoor furniture and parking lot products market size at various nodes of market
Detailed overview and segmentation of North America outdoor furniture and parking lot products market as well as its dynamics in the industry
The North America outdoor furniture and parking lot products market size in different regions with promising growth opportunities