Key regions: United States, Worldwide, Germany, India, Denmark
The Outdoor Furniture market in Ireland has been experiencing significant growth in recent years.
Customer preferences: Irish consumers have shown a growing interest in outdoor living and leisure activities, which has fueled the demand for outdoor furniture. With the country's temperate climate and beautiful landscapes, there is a strong desire among consumers to make the most of their outdoor spaces. This has led to an increased demand for outdoor furniture that is both functional and aesthetically pleasing.
Trends in the market: One of the key trends in the Outdoor Furniture market in Ireland is the growing popularity of outdoor dining sets. With an increasing number of people choosing to entertain and dine outdoors, there is a high demand for dining sets that can accommodate large groups of people. This trend is driven by the desire to create an outdoor living space that is an extension of the home, where people can gather and enjoy meals together. Another trend in the market is the rise of modular outdoor furniture. Modular furniture offers flexibility and versatility, allowing consumers to customize their outdoor spaces according to their needs and preferences. This trend is particularly appealing to Irish consumers who have limited outdoor space and want to make the most of it.
Local special circumstances: Ireland's weather conditions play a significant role in shaping the Outdoor Furniture market. The country experiences a moderate climate with mild summers and cool winters. This means that outdoor furniture needs to be durable and able to withstand the elements. Irish consumers are looking for furniture that is weather-resistant and can withstand rain, wind, and temperature fluctuations.
Underlying macroeconomic factors: The growth of the Outdoor Furniture market in Ireland can also be attributed to the country's strong economy and increasing disposable income. As the Irish economy continues to recover from the global financial crisis, consumers have more money to spend on discretionary items such as outdoor furniture. This has led to an increase in consumer spending on outdoor furniture, driving market growth. In addition, the tourism industry in Ireland has been booming in recent years, attracting a large number of visitors who are looking to experience the country's natural beauty. This has created a demand for outdoor furniture in hotels, resorts, and other hospitality establishments, further driving market growth. In conclusion, the Outdoor Furniture market in Ireland is experiencing significant growth due to the growing interest in outdoor living and leisure activities among consumers. The increasing demand for outdoor dining sets and modular furniture, coupled with Ireland's weather conditions and strong economy, are driving market growth in the country.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.
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