Stratview Research delivers key insights on the global Patio Chairs Market. According to Stratview Research, the market is segmented By Product (Metal Chair, Plastic Chair, Wooden Chair, Mesh Chair, Others), By Application (Hotels, Restaurants, Residential, Other), and Region.
The report also covers the Covid impact on the market. Covid-19 has impacted the market dynamics, competition, and global supply chain. The revenues have gone down in 2020 and an uptrend is witnessed from 2021.
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Market Insights
Some of the factors driving the growth of this market include the rising trend in outdoor living, an increase in disposable income, and lifestyle changes. Furthermore, the growing popularity of leisure activities such as dining out and barbecue has resulted in an increase in demand for sophisticated outdoor furniture such as Patio Chairs. On the other side, the high cost of building patios and the scarcity of competent labour are projected to stifle growth. Patio Chairs are pieces of outdoor furniture that are specifically meant to be placed on a patio. Patios frequently have lighting and power outlets for the guests' convenience.
Market Segments' Analysis
Based on application, the Patio Chairs market has been divided into Hotels, Restaurants, Residential, Other. The Residential accounted for the largest market share in 2020. Patio Chairs are frequently found in outdoor living rooms on residential patios. While entertaining guests, the table provides plenty of area for serving dishes or refreshments. It also comes in a variety of shapes (rectangular, circular).
By region, the North America Patio Chairs market accounted for the largest share in 2020 and is expected to grow at a significant CAGR during the review period. The growing popularity of outdoor living, more disposable income, and lifestyle changes are driving the demand for Patio Chairs in North America.
The Asia Pacific Patio Chairs market is expected to grow at the highest CAGR during the review on account of the growth of the major end-use industries. Asia Pacific's growing economies, such as China, India, and Australia, have had considerable growth rates in recent years, and this, combined with changing lifestyles, has led to a surge in demand for high-quality patios that provide convenience both indoors and outdoors.
Key Players
The following are some of the key players in the Patio Chairs Market:
FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
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