Product ID: UCMIG20B2036
Report ID:
UCMIG20B2036 |
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
In 2020, the global outdoor living structure market reached a significant value of USD 1.8 billion. Moving forward, this market is projected to experience steady growth with a compounded annual growth rate (CAGR) of 6.1% from 2021 to 2028. This expansion can be attributed to the increasing popularity of outdoor leisure activities and the growing demand for aesthetically pleasing and functional outdoor living spaces. Factors such as the rising trend of backyard renovations, the desire for enhanced outdoor lifestyles, and the availability of a wide range of innovative and customizable outdoor living structures contribute to the market's positive outlook. As the market continues to evolve, it presents opportunities for manufacturers and suppliers to cater to the evolving needs and preferences of consumers worldwide.
This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Building Products by segment aggregation, the contribution of the Building Products in Capital Goods and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
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Product ID: UCMIG20B2036