Plastic Furniture Market Size, Share & Trends Analysis Report By Application (Residential, Commercial), By Distribution Channel (Online, Offline), By Region, And Segment Forecasts, 2019 - 2025

Published: Jul, 2019 | Pages: 80 | Publisher: Grand View Research
Industry: Consumer Goods | Report Format: Electronic (PDF)

The global plastic furniture market size is expected to reach USD 15.5 billion by 2025, according to a new report by Grand View Research, Inc., expanding at a CAGR of 3.9% over the forecast period The market growth is attributed to factors like affordability, durability, lightweight, low or no maintenance, eco-friendly, resistant to corrosion, no effect of termites and bugs, good weatherability, and flexibility.

Growing real estate and hospitality sector through various residential and commercial projects and demand for versatile, lightweight, flexible, and multi-functional furnishings offering easy portability and application in small as well as large space are expected to drive the global market.

Many manufacturers are inclined towards developing eco-friendly furniture due to increasing awareness among consumers regarding eco-friendly products. Globally expanding trend to go green will substantially increase demand for ecological plastic furniture over the forecast period. Growing environmental concerns across the world over deforestation is expected to surge the market demand.

Recycled plastic furniture made from plastic waste such as bottles and ocean plastic finds a wide application in outdoor furniture. For Instance, ScanCom International A/S, a company based in Denmark, launched DuraOcean and DuraLand, a line of furniture made completely from ocean and land waste to manufacture 100% recycled product.

The residential segment accounted for the largest share in 2018 and is also estimated to be the fastest growing segment over the forecast period. The growth is attributed to factors such as increasing demand from low-medium income population, growing preference for playroom, rapid urbanization, soft and safe children furniture, and surging demand for outdoor furniture.

The commercial segment is estimated to witness significant growth over the forecast period owing to growing economy resulting in growing office space, tourism, mid-scale restaurant, and hotel industry. Demand for plastic furnishings such as chairs and tables in large scale events on contract basis is expected to drive the market. However, in commercial real estate, demand for metal and wood furnishings is high as it offers elegance and aesthetic to the infrastructure over plastic.

Online distribution channel is estimated to be the fastest growing segment in the market owing to availability of a wide range of products, discounts on product, convenience of purchasing, easy comparison, and access to different sizes and colors. For instance, the world's largest furniture retailer, IKEA witnessed a 31% growth in online sales.

However, manufactures nowadays are changing the consumer's ways of shopping furniture. Augmented reality and Virtual Reality are the upcoming trends in the offline segment, where consumers can check if the product fits consumer's requirement. For instance, Macy's has launched VR furniture shopping experience in about 70 stores nationwide, allowing shoppers to design space with 3D image, thus changing the purchasing experience of the consumers.

In Asia Pacific, India is the fastest and largest growing market owing to affordability, presence of leading manufactures such as Nilkamal and Featherlite, and increasing demand from the residential and commercial sectors. Middle East and Africa is expected to witness significant growth owing to increasing government focus on real estate through various commercial and residential projects to boost the economic growth, especially in Saudi Arabia. This is expected to increase the market demand in the commercial as well as residential sectors.

Further key findings from the report suggest:

• The residential application segment is estimated to be the largest and fastest growing segment in the forecast period owing to rapid urbanization and increasing low-medium income population

• The offline segment accounted for the largest market share in 2018 as manufacturers are changing the consumer's way of shopping by adding AR and VR technology, allowing shoppers to design space with 3D furniture image

• Some of the key players operating in the global plastic furniture market are Tramontina, Cosmoplast Industrial Company L.L.C., Supreme Group, Cello Wim Plast Ltd., and Nilkamal Furniture.

 Table of Contents

Chapter 1. Methodology and Scope
                    1.1. Market Segmentation & Scope
                    1.2. Market Definition
                    1.3. Information Procurement
                        1.3.1. Purchased Database
                        1.3.2. GVR's Internal Database
                        1.3.3. Secondary Sources & Third-Party Perspectives
                        1.3.4. Primary Research
                    1.4. Information Analysis 
                        1.4.1. Data Analysis Models
                    1.5. Market Formulation & Data Visualization
                    1.6. Data Validation & Publishing
Chapter 2. Executive Summary
                    2.1. Market Outlook
                    2.2. Segmental Outlook
                    2.3. Competitive Insights
Chapter 3. Plastic Furniture Market Variables, Trends & Scope
                    3.1. Market Introduction
                    3.2. Penetration & Growth Prospect Mapping
                    3.3. Industry Value Chain Analysis
                        3.3.1. Sales/Retail Channel Analysis
                        3.3.2. Profit Margin Analysis
                    3.4. Market Dynamics
                        3.4.1. Market Driver Analysis
                        3.4.2. Market Restraint Analysis
                        3.4.3. Industry Challenges
                        3.4.4. Industry Opportunities
                    3.5. Business Environment Analysis
                        3.5.1. Industry Analysis - Porter's
                            3.5.1.1. Supplier Power
                            3.5.1.2. Buyer Power
                            3.5.1.3. Substitution Threat
                            3.5.1.4. Threat from New Entrant 
                            3.5.1.5. Competitive Rivalry
                    3.6. Roadmap of Plastic Furniture Market
                    3.7. Market Entry Strategies 
Chapter 4. Consumer Behavior Analysis
                    4.1. Consumer Trends and Preferences
                    4.2. Factors Affecting Buying Decision 
                    4.3. Consumer Product Adoption 
                    4.4. Observations & Recommendations
Chapter 5. Plastic Furniture Market: Distribution Channel Estimates & Trend Analysis
                    5.1. Distribution Channel Movement Analysis & Market Share, 2018 & 2025
                    5.2. Online 
                        5.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    5.3. Offline 
                        5.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 6. Plastic Furniture Market: Application Estimates & Trend Analysis
                    6.1. Application Movement Analysis & Market Share, 2018 & 2025
                    6.2. Residential
                        6.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                    6.3. Commercial
                        6.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
Chapter 7. Plastic Furniture Market: Regional Estimates & Trend Analysis
                    7.1. Regional Movement Analysis & Market Share, 2018 & 2025
                    7.2. North America
                        7.2.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.2.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                        7.2.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.2.4. U.S.
                            7.2.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.2.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.2.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.3. Europe
                        7.3.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.3.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                        7.3.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.3.4. France
                            7.3.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.3.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.3.5. U.K.
                            7.3.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.3.5.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.3.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.4. Asia Pacific
                        7.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                        7.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million) 
                        7.4.4. China 
                            7.4.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.4.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.4.5. India
                            7.4.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.4.5.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.4.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.5. Central & South America
                        7.5.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.5.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                        7.5.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.5.4. Brazil
                            7.5.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.5.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.5.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                    7.6. Middle East & Africa (MEA)
                        7.6.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                        7.6.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                        7.6.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
                        7.6.4. Saudi Arabia
                            7.6.4.1. Market estimates and forecast, 2015 - 2025 (USD Million)
                            7.6.4.2. Market estimates and forecast, by Distribution Channel, 2015 - 2025 (USD Million)
                            7.6.4.3. Market estimates and forecast, by Application, 2015 - 2025 (USD Million)
Chapter 8. Competitive Analysis
                    8.1. Key global players, recent developments & their impact on the industry
                    8.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
                    8.3. Vendor Landscape
                        8.3.1. Key company market share analysis, 2018
Chapter 9. Company Profiles
                    9.1. Tramontina
                        9.1.1. Company Overview
                        9.1.2. Financial Performance
                        9.1.3. Product Benchmarking
                        9.1.4. Strategic Initiatives
                    9.2. Cosmoplast Industrial Company L.L.C.
                        9.2.1. Company Overview
                        9.2.2. Financial Performance
                        9.2.3. Product Benchmarking
                        9.2.4. Strategic Initiatives
                    9.3. Supreme Group 
                        9.3.1. Company Overview
                        9.3.2. Financial Performance
                        9.3.3. Product Benchmarking
                        9.3.4. Strategic Initiatives
                    9.4. Cello Wim Plast Ltd.
                        9.4.1. Company Overview
                        9.4.2. Financial Performance
                        9.4.3. Product Benchmarking
                        9.4.4. Strategic Initiatives
                    9.5. Nilkamal Furniture
                        9.5.1. Company Overview
                        9.5.2. Financial Performance
                        9.5.3. Product Benchmarking
                        9.5.4. Strategic Initiatives
                    9.6. Avon Furniture Factory L.L.C 
                        9.6.1. Company Overview
                        9.6.2. Financial Performance
                        9.6.3. Product Benchmarking
                        9.6.4. Strategic Initiatives
                    9.7. Keter Group
                        9.7.1. Company Overview
                        9.7.2. Financial Performance
                        9.7.3. Product Benchmarking
                        9.7.4. Strategic Initiatives
                    9.8. Vitra International AG
                        9.8.1. Company Overview
                        9.8.2. Financial Performance
                        9.8.3. Product Benchmarking
                        9.8.4. Strategic Initiatives
                    9.9. Patio Furniture Industries
                        9.9.1. Company Overview
                        9.9.2. Financial Performance
                        9.9.3. Product Benchmarking
                        9.9.4. Strategic Initiatives
                    9.10. UMA Plastics Limited
                        9.10.1. Company Overview
                        9.10.2. Financial Performance
                        9.10.3. Product Benchmarking
                        9.10.4. Strategic Initiatives

List of Tables

1. Plastic Furniture - Key market driver analysis
2. Plastic Furniture - Key market restraint analysis
3. Global Online market estimates and forecast, 2015 - 2025 (USD Million)
4. Global Offline market estimates and forecast, 2015 - 2025 (USD Million)
5. Global Plastic Furniture market estimates and forecast for Residential, 2015 - 2025 (USD Million)
6. Global Plastic Furniture market estimates and forecast for Commercial, 2015 - 2025 (USD Million)
7. North America Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
8. North America Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
9. North America Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
10. U.S. Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
11. U.S. Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
12. U.S. Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
13. Europe Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
14. Europe Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
15. Europe Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
16. France Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
17. France Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
18. France Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
19. U.K. Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
20. U.K. Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
21. U.K. Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
22. APAC Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
23. APAC Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
24. APAC Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
25. India Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
26. India Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
27. India Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
28. China Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
29. China Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
30. China Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
31. CSA Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
32. CSA Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
33. CSA Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
34. Brazil Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
35. Brazil Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
36. Brazil Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
37. MEA Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
38. MEA Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
39. MEA Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
40. Saudi Arabia Plastic Furniture market estimates and forecast, 2015 - 2025 (USD Million)
41. Saudi Arabia Plastic Furniture market revenue estimates and forecast by Distribution Channel, 2015 - 2025 (USD Million)
42. Saudi Arabia Plastic Furniture market revenue estimates and forecast by Application, 2015 - 2025 (USD Million)
43. Vendor landscape

List of Figures

1. Plastic Furniture market snapshot 
2. Plastic Furniture market segmentation & scope
3. Plastic Furniture market penetration & growth prospect mapping
4. Plastic Furniture value chain analysis
5. Plastic Furniture market dynamics
6. Plastic Furniture market Porter's analysis 
7. Plastic Furniture market: Distribution Channel movement analysis 
8. Plastic Furniture market: Application movement analysis 
9. Plastic Furniture market: Regional movement analysis