Outdoor Living Structure Market Size Is Estimated to Reach $2.9 Billion by 2028 | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report published by Grand View Research, growing trend of utilizing the garden areas or, backyards to extend the building structures into dining areas, working spaces, grill areas are expected to propel the market growth.

The global outdoor living structure market is expected to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2021 to 2028. Growing trend of utilizing the garden areas or, backyards to extend the building structures into dining areas, working spaces, grill areas are expected to propel the market growth over the forecast period.

As per a survey published by the National Kitchen & Bath Association (NKBA) for 2020-21, the adoption of outdoor living projects interest has grown by about 65% in the U.S. in comparison to the past few years. Furthermore, the demand for outdoor kitchen setups is expected to be highest, followed by patios and decks, and screened porches & three season rooms.

The stay-at-home restrictions imposed by governments across several countries amid the outbreak of the COVID-19 pandemic are expected to create new growth opportunities for the market. Companies offering perpetual work from home opportunity to employees has enabled homeowners to renovate their existing spaces into office spaces, mini gaming zones, grilling spaces, mini-gymnasiums, and yoga spaces.

The market is 100% customer-driven, i.e., these structures are built as per the specifications provided by the customers. In addition, the raw materials are also selected as per consumer preferences. This has led to market domination by local players confined to specific regions, however, companies including Absolute Outdoor Living, Corradi, Outdoor World are improving market penetration via contractors, and architects.

 

Browse full report with Table of Content @ https://www.grandviewresearch.com/industry-analysis/outdoor-living-structure-market-report

 

Outdoor Living Structure Market Report Highlights

The pavilions/gazebo segment is expected to grow at the fastest CAGR of 6.9% over the forecast period owing to the structure having its own flooring and partly closed sides, thus improving placement and application options.
Furthermore, increasing use of the product for adding aesthetics near mini bars near pools, fireplace-based gatherings, and entertainment zones is expected to propel market growth over the forecast period.
North America dominated the market with a revenue share of 43.4% in 2020. This is attributed to the growing popularity of the concept of ‘outdoor living’ among consumers as it offers relaxation, leisure time to spend with family and friends, and a way to get connected to nature.
The European outdoor living structure market is driven by key factors such as demand for improved and luxurious lifestyle, increasing per capita income, presence of developed economies and rising investments in residential constructions and landscaping projects.
Several companies are offering app-based AI solutions for customers to update their preferences regarding the design of structures, materials to be used, tiles colors& designs, and size of structures as per the desired applications. For instance, Absolute Outdoor Living offers a StruXure Outdoor app, which is controlled by its partner, Somfy Systems Inc.

 

For Requesting a Sample Copy of This Report, Please Visit @ https://www.grandviewresearch.com/industry-analysis/outdoor-living-structure-market-report/request/rs1

 

Outdoor Living Structure Market Segmentation

Grand View Research has segmented the global outdoor living structure market on the basis of product and region:

Outdoor Living Structure Product Outlook (Revenue, USD Million; 2017 – 2028)

Pavilions/Gazebos
Pergolas/Patio

 

Outdoor Living Structure Regional Outlook (Revenue, USD Million; 2017 – 2028)

North America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
Asia Pacific
China
Japan
India
Australia
Central & South America
Middle East & Africa

 

List of Key Players of Outdoor Living Structure Market

Renson
Outdoor Structure Company LLC
Outdoor Living
Absolute Outdoor Living
Corradi
Luxos
IQ Outdoor Living
Totally Outdoors
Outdoor World
Aussie Outdoor Living
Bosman Homefront
Scandia Canada

 

Inquire more or share questions if any before the purchase on this report @ https://www.grandviewresearch.com/inquiry/451751/ibb

 

Browse More Related Report:

Retractable Awnings Market Size, Share & Trends Analysis Report By Product (Freestanding, Patio), By Application (Residential, Commercial), By Region, And Segment Forecasts, 2019 – 2025

 

About Grand View Research

Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.

Media Contact
Company Name: Grand View Research, Inc.
Contact Person: Sherry James, Corporate Sales Specialist – U.S.A.
Email: Send Email
Phone: 1888202951
Address:Grand View Research, Inc. 201 Spear Street 1100 San Francisco, CA 94105, United States
City: San Francisco
State: California
Country: United States
Website: https://www.grandviewresearch.com/industry-analysis/outdoor-living-structure-market-report