Market Report on Us Outdoor Furniture & Grill Demand to Accelerate

Nov 02 2015 Mumbai, India: Bharatbook.com announces a report on “ Market Report on US outdoor furniture & grill demand to accelerate ”. Double-digit advances in new housing completions will buoy demand in the dominant residential market, which acounts for more than 90 percent of sales.

The outdoor furniture and grill market in the US is forecast to reach $9.1 billion in 2019. After peaking in 2007, US demand for outdoor furniture and cooking appliances plummeted in 2009. Nevertheless, recessionary trends toward “staycations” and at-home al fresco entertainment supported sales to a degree between 2009 and 2014 and enabled a respectable rebound in demand through 2014 as the economy improved. Through 2019, sales of these products will be buoyed by continued emphasis on a blending of outdoor and indoor spaces. Likewise, greater preference for higher-value products in these spaces will boost value demand in the short term but, due to product durability, will restrain aftermarket sales somewhat.

Strong rebound in housing completions to fuel demand

Double-digit advances in new housing completions will buoy demand in the dominant residential market, which acounts for more than 90 percent of sales. The smaller nonresidential market, driven by demand in lodging facilities and restaurants, will post more rapid gains through 2019, fueled by the remaining pent-up demand for these products as construction spending and investment trends improve. Demand in other nonresidential markets (including beaches; campgrounds; national, state, and local parks; boats; and other recreational facilities) will rebound from 2014 levels, when demand was hampered by market weakness due to budgetary cuts in applications such as national park expenditures.

Outdoor furniture to offer strong opportunities

Sales in outdoor furniture and accessories will accelerate through 2019, driven by ongoing trends toward blending indoor and outdoor living spaces and increasing preference for higher-end...