The global outdoor living structure market is expected to reach USD 2.9 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 6.1% from 2021 to 2028. Growing trend of utilizing the garden areas or, backyards to extend the building structures into dining areas, working spaces, grill areas are expected to propel the market growth over the forecast period.
As per a survey published by the National Kitchen & Bath Association (NKBA) for 2020-21, the adoption of outdoor living projects interest has grown by about 65% in the U.S. in comparison to the past few years. Furthermore, the demand for outdoor kitchen setups is expected to be highest, followed by patios and decks, and screened porches & three season rooms.
The stay-at-home restrictions imposed by governments across several countries amid the outbreak of the COVID-19 pandemic are expected to create new growth opportunities for the market. Companies offering perpetual work from home opportunity to employees has enabled homeowners to renovate their existing spaces into office spaces, mini gaming zones, grilling spaces, mini-gymnasiums, and yoga spaces.
The market is 100% customer-driven, i.e., these structures are built as per the specifications provided by the customers. In addition, the raw materials are also selected as per consumer preferences. This has led to market domination by local players confined to specific regions, however, companies including Absolute Outdoor Living, Corradi, Outdoor World are improving market penetration via contractors, and architects.
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Outdoor Living Structure Market Report Highlights
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Outdoor Living Structure Market Segmentation
Grand View Research has segmented the global outdoor living structure market on the basis of product and region:
Outdoor Living Structure Product Outlook (Revenue, USD Million; 2017 – 2028)
Outdoor Living Structure Regional Outlook (Revenue, USD Million; 2017 – 2028)
List of Key Players of Outdoor Living Structure Market
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About Grand View Research
Grand View Research is a full-time market research and consulting company registered in San Francisco, California. The company fully offers market reports, both customized and syndicates, based on intense data analysis. It also offers consulting services to business communities and academic institutions and helps them understand the global and business scenario to a significant extent. The company operates across multitude of domains such as Chemicals, Materials, Food and Beverages, Consumer Goods, Healthcare, and Information Technology to offer consulting services.
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