ReportsnReports: Outdoor Furniture & Grills to 2015

04-Feb-2012 | News-Press Release

This study analyzes US markets for outdoor furniture and grill products. Specific products covered are outdoor furniture (tables, chaise lounges, bars and shelving units made from metal, plastic, wicker, rattan or wood, as well as hammocks and umbrellas), outdoor grills (gas, charcoal, wood and electric), patio heating devices, and related accessories (furniture covers, grill covers, cushions, replacement parts and grilling utensils). Historical and forecast demand by market (residential, nonresidential, and other) as well as by geographic region is also provided in current dollars.

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US demand for outdoor furniture and grill products (including patio heaters and accessories such as umbrellas, covers, cushions and grilling utensils) is expected to increase to almost $7 billion in 2015. This growth reflects an improvement over the 2005-2010 period, during the latter half of which reduced consumer spending associated with the economic recession limited demand for these products. The market for outdoor furniture and grill products will benefit from improvements in construction expenditures and consumer spending, as well as the continued popularity of outdoor living areas such as patios, porches and decks. In addition, growing interest in outdoor rooms with coordinated décor will support gains as consumers continue to invest in higher quality products.

Grills and accessories to be fastest growing segment
Outdoor furniture and accessories made up over two-thirds of value demand in 2010. The grill and accessories segment is expected to see the fastest increases through 2015, benefiting from ongoing upgrades to more expensive, featureintensive grills and the continued development of specialized grill accessories. The relatively small patio heating product segment will match the industry’s overall pace, with sales supported by the availability of firepits in an expanding range of sizes, styles and price points.

Growing imports to continue limiting value gains
Continued increases in imports, particularly of inexpensive products from lowcost countries, will limit value gains to some degree. Imports have long constituted a significant share of the US outdoor furniture and grill market, and in 2010 imports accounted for almost threefifths of total outdoor furniture and grill demand. Chinese suppliers continue to further penetrate the US market, contributing significantly to the growth of imports. Additionally, some US-based companies have shifted production to China in order to better compete with foreign suppliers, a trend that has further boosted imports.

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