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Eliana Grace

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The global outdoor furniture market size was valued at USD 16.8 billion in 2018 and is anticipated to expand at a CAGR of 5.9% over the forecast period. The growing real estate industry and the urban population are the key factors driving the market. Moreover, increasing per capita and disposable income plays an important in fueling industry growth. The usage of outdoor furniture is increasing at a faster rate in the commercial sector. The growing trend of traveling, exploration of new places, and changing lifestyles are the key factors boosting the growth of the sector. Several manufacturers are concentrating on the commercial sector due to the aforementioned factors in order to maximize their sales.