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outdoor-living-structure-market-to-reach-us-3-5-billion-by-2032
Growth and Trends in the Outdoor Living Structure Market: A Comprehensive Overview
SHERIDAN, WYOMING, UNITED STATES, May 31, 2024 /EINPresswire.com/ — IMARC Group’s latest research report, titled “Outdoor Living Structure Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032,” the global outdoor living structure market size reached US$ 2.2 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 3.5 Billion by 2032, exhibiting a growth rate (CAGR) of 5.27% during 2024-2032.
Outdoor living structures are architectural elements designed to enhance outdoor spaces by providing functional and aesthetic value. These structures include pergolas, gazebos, arbors, and patios, often made from materials like wood, metal, or composite that offer durability and weather resistance. The primary function of these structures is to create comfortable, shaded areas in gardens, yards, or terraces, enabling extended outdoor activities regardless of weather conditions. They are characterized by their versatility in design, ranging from simplistic to elaborate styles that can complement any landscape or architectural theme.
Additionally, these structures often feature easy integration with other outdoor elements like lighting, heating, and decorative plants, which amplifies their usability and appeal. The benefits of outdoor living structures are numerous; they not only enhance the usability of outdoor spaces but also significantly increase property value by adding to its aesthetic appeal and functional outdoor living space.
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Leading key Players in the Outdoor Living Structure Industry:
• Absolute Outdoor Living
• Aussie Outdoor Living
• Bosman Homefront
• IQ Outdoor Living
• Outdoor Structure Company LLC
• Renson
• Totally Outdoors
Outdoor Living Structure Market Trends:
The global market for outdoor living structures is primarily driven by the increasing interest in outdoor home improvement and renovation. In line with this, the rising standards of living and greater focus on leisure and outdoor entertainment are also providing an impetus to the market. Moreover, the expanding real estate sector that incorporates outdoor living features in new residential developments is acting as a significant growth-inducing factor. In addition to this, the growing popularity of staycations and home-bound leisure activities, especially evident during the recent global scenarios, is resulting in a higher demand for outdoor living enhancements. Besides this, the rise in eco-conscious consumer behavior is creating lucrative opportunities for sustainable and eco-friendly outdoor structures.
Also, the advancements in material technology that offer enhanced durability and lower maintenance for outdoor structures are impacting the market positively. The market is further driven by strategic marketing campaigns by manufacturers and retailers that highlight the lifestyle benefits of enhanced outdoor living spaces. Apart from this, the availability of customizable options that cater to diverse consumer tastes and home designs is propelling the market. Some of the other factors contributing to the market include the influence of design trends on consumer preferences, the increasing availability of easy-to-install prefabricated kits, and extensive innovation in design and functionality by manufacturers.
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Key Market Segmentation:
Product Insights:
• Pavilions/Gazebos
• Pergolas/Patio
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key Highlights of the Report:
• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
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About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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May 31, 2024
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