Market Overview:
The global resin furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The growth in the market can be attributed to the increasing demand for resin furniture from residential and commercial applications. Additionally, rising disposable income and changing lifestyle preferences are also contributing to the growth of this market. On the basis of type, polypropylene is expected to lead the global resin furniture market during the forecast period owing to its properties such as durability, resistance against fading and staining, and low maintenance cost. ABS polymer is also anticipated to witness significant growth during 2018-2030 due its properties such as high impact strength, scratch resistance, and heat resistance. Regionally, North America is estimated to account for a major share of the global resin furniture market in 2018 followed by Europe and Asia Pacific respectively.
Product Definition:
Resin furniture is a type of furniture that is made from a resin material. This type of furniture is often used in outdoor areas because it is weatherproof and can withstand extreme temperatures. Additionally, resin furniture does not require a lot of maintenance and can be easily cleaned with soap and water.
Polypropylene:
Polypropylene (PP) is a synthetic, non-toxic, lightweight and durable plastic with excellent chemical & temperature resistance. PP is used in the production of various resin furniture owing to its superior properties such as low moisture absorption, high impact strength and good surface finish. Polypropylene has replaced many conventional materials including metals in the manufacturing of consumer goods owing to its lightweight property which reduces the weight load on roads and improves fuel economy.
ABS Polymer:
ABS polymer, which is short for Acrylonitrile Butadiene Styrene, is a type of polymers. Polymer materials are used to manufacture resin furniture due to their strength and durability. ABS polymer has high impact resistance and good chemical & temperature resistance; it also has low water absorption properties. These characteristics make it suitable for use in resin furniture manufacturing.
Application Insights:
The residential application segment accounted for the largest share of over 70.0% in 2017. Rising population and urbanization are expected to drive demand for resin furniture in the residential sector globally, especially in emerging economies such as India, China and Brazil. In addition, increasing disposable income levels has led to an increase in demand for multi-family housing units with space constraints. These factors are anticipated to further fuel product demand over the forecast period globally.
Resin furniture is lightweight, easy to clean & maintain and cost-effective as compared to traditional wooden or metal furniture pieces used in homes & offices on a large scale across various end-use industries including education buildings & laboratories at colleges/universities worldwide due largelyto its low production costs coupled with high durability which makes it suitable not only for domestic use but also commercial applications such as hotels etcetera owing largelyto its attractive designs along with features like stain resistance.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing population and rising living standards. Rapid urbanization, strong economic growth, and a growing middle-class population are likely to contribute significantly toward regional product demand over the coming years.
The commercial application segment in Asia Pacific is anticipated to register a CAGR of XX% from 2018 to 2030 owing hertzsprung russell Prescott (HSP) curve analysis on GDP data for developing countries by World Bank Group between 1960 and 2016).
Europe was estimated at USD X billion in 2017.
Growth Factors:
- Increasing demand for resin furniture from the hospitality sector as it is durable and easy to clean.
- Rising disposable income of consumers, which is resulting in an increase in demand for high-end resin furniture.
- Growing popularity of DIY projects, which is leading to an increase in the use of resin furniture by homeowners.
- Proliferation of online retail channels, which is making it easier for consumers to purchase resin furniture products online.
- Development of new and innovative designs in the resin furniture market, which is attracting more consumers to this category
Scope Of The Report
Report Attributes
Report Details
Report Title
Resin Furniture Market Research Report
By Type
Polypropylene, ABS Polymer, Others
By Application
Residential, Commercial
By Companies
IKEA, Mainstay, McCourt, MityLite, Drake, Lifetime, Siddhi Polymers, Qingdao Blossom Furnishings, Comseat, Gopak, XinYiMei Hotel Furniture, Atlas Commercial Products
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
243
Number of Tables & Figures
171
Customization Available
Yes, the report can be customized as per your need.
Global Resin Furniture Market Report Segments:
The global Resin Furniture market is segmented on the basis of:
Types
Polypropylene, ABS Polymer, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Residential, Commercial
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- IKEA
- Mainstay
- McCourt
- MityLite
- Drake
- Lifetime
- Siddhi Polymers
- Qingdao Blossom Furnishings
- Comseat
- Gopak
- XinYiMei Hotel Furniture
- Atlas Commercial Products
Highlights of The Resin Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Polypropylene
- ABS Polymer
- Others
- By Application:
- Residential
- Commercial
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Resin Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Resin furniture is a type of furniture that is made from resin. Resin furniture is often used in the construction industry because it is strong and durable.
Some of the major companies in the resin furniture market are IKEA, Mainstay, McCourt, MityLite, Drake, Lifetime, Siddhi Polymers, Qingdao Blossom Furnishings, Comseat, Gopak, XinYiMei Hotel Furniture, Atlas Commercial Products.
The resin furniture market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Resin Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Resin Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Resin Furniture Market - Supply Chain
4.5. Global Resin Furniture Market Forecast
4.5.1. Resin Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Resin Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Resin Furniture Market Absolute $ Opportunity
5. Global Resin Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Resin Furniture Market Size and Volume Forecast by Type
5.3.1. Polypropylene
5.3.2. ABS Polymer
5.3.3. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Resin Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Resin Furniture Market Size and Volume Forecast by Application
6.3.1. Residential
6.3.2. Commercial
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Resin Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Resin Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Resin Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Resin Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Resin Furniture Demand Share Forecast, 2019-2026
9. North America Resin Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Resin Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Resin Furniture Market Size and Volume Forecast by Application
9.4.1. Residential
9.4.2. Commercial
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Resin Furniture Market Size and Volume Forecast by Type
9.7.1. Polypropylene
9.7.2. ABS Polymer
9.7.3. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Resin Furniture Demand Share Forecast, 2019-2026
10. Latin America Resin Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Resin Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Resin Furniture Market Size and Volume Forecast by Application
10.4.1. Residential
10.4.2. Commercial
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Resin Furniture Market Size and Volume Forecast by Type
10.7.1. Polypropylene
10.7.2. ABS Polymer
10.7.3. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Resin Furniture Demand Share Forecast, 2019-2026
11. Europe Resin Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Resin Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Resin Furniture Market Size and Volume Forecast by Application
11.4.1. Residential
11.4.2. Commercial
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Resin Furniture Market Size and Volume Forecast by Type
11.7.1. Polypropylene
11.7.2. ABS Polymer
11.7.3. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
1.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Resin Furniture Demand Share, 2019-2026
12. Asia Pacific Resin Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Resin Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Resin Furniture Market Size and Volume Forecast by Application
12.4.1. Residential
12.4.2. Commercial
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Resin Furniture Market Size and Volume Forecast by Type
12.7.1. Polypropylene
12.7.2. ABS Polymer
12.7.3. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Resin Furniture Demand Share, 2019-2026
13. Middle East & Africa Resin Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Resin Furniture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Resin Furniture Market Size and Volume Forecast by Application
13.4.1. Residential
13.4.2. Commercial
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Resin Furniture Market Size and Volume Forecast by Type
13.7.1. Polypropylene
13.7.2. ABS Polymer
13.7.3. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Resin Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Resin Furniture Market: Market Share Analysis
14.2. Resin Furniture Distributors and Customers
14.3. Resin Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. IKEA
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Mainstay
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. McCourt
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. MityLite
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Drake
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Lifetime
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Siddhi Polymers
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Qingdao Blossom Furnishings
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Comseat
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Gopak
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. XinYiMei Hotel Furniture
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. Atlas Commercial Products
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook