Outdoor Furniture Market Size Is Anticipated To Reach USD 25.0 Billion By 2025 : Grand View Research Inc.
San Francisco, 29 October 2019: The Report Outdoor Furniture Market Size, Share & Trends Analysis Report By Material Type (Wood, Plastic, Metal), By End Use (Commercial, Residential), By Region (North America, APAC, Europe, MEA, CSA), And Segment Forecasts, 2019 – 2025 The global outdoor furniture market size is expected to reach USD 25.0 billion by 2025, according to a new report by Grand view research, Inc., expanding at a CAGR of 5.9% over the forecast period. Surge in the number of hotels and resorts, increasing consumer spending power, and growing trend of traveling are some of the key factors responsible for the growth of the industry. The commercial sector is anticipated to register a CAGR of 6.2% in the forecast period. Developing countries like Malaysia, Thailand, and Singapore have been the favourite destinations for traveling. Increase in the number of hotels and resorts in these countries has led to a surge in the product demand. In 2016, Thailand witn