Report Code: A12454 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Street Furniture Market
Request Now !Street furniture is a collective word used for items and pieces of equipment which are installed along side of streets and roads for several purposes. Items such as benches, traffic barriers, bollards, post boxes, phone boxes, streetlamps, traffic lights, traffic signs, bus stops, tram stops, taxi stands, public lavatories, fountains, watering troughs, memorials, public sculptures, and waste receptacles are termed as street furniture.
Market Scope and Structure Analysis
Increase in real estate industry and rise in urban population are the key factors that affect the market growth. Moreover, increase in per capita and disposable income together play an important in boosting the growth of the industry. In addition, improved consumer spending power and rise in trend of travel have increased tourism across the world. These trends can be witnessed mainly in seaside areas, hill stations, and other monumental places. This, in turn, leads to an increase in number of hotels, resorts, public gardens, and open spaces, thereby propelling the demand for street furniture. There is an increase in the usage of street furniture in the commercial sector as well. However, apart from comfort, the purpose of these furnishings is to offer a place with character and uniqueness, and to boost the interest of people to enjoy outdoor spaces. Street furniture also states definite needs, such as seating and shelter places when one is waiting for transportation.
COVID-19 Impact analysis
Top Impacting Factors
Street furniture products are designed to provide both aesthetic and functional benefits in commercial as well as residential set ups. Wood is among the most commonly used material in outdoor chairs and tables, while the requirement for rust proof and weather-resistant items drive the demand for metal furniture on a global picture. This trend has generated lucrative opportunity for the key market players. Rise in street furniture demand has compulsorily made manufacturers to expand and enlarge their product contributions in the outdoor segment. Manufacturers are concentrating on increasing their market share by extending their portfolio. Urbanization is one of the key drivers that increases the demand for street seating arrangements and other furniture equipment.
Key Benefits of the Report
Street Furniture Market Report Highlights
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Key Market Players | Ashely Industries, Inter Ikea Group, Agio International Company Limited, Keter Group, Lloyd Flanders, Brown Jordan |
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