The Outdoor Furniture market in Czechia is experiencing steady growth due to several factors.
Customer preferences: Customers in Czechia have shown a growing interest in outdoor living and leisure activities, which has contributed to the increasing demand for outdoor furniture. Czechs enjoy spending time outdoors, whether it's in their gardens, on balconies, or at local parks. They value the opportunity to relax and socialize in outdoor spaces, and outdoor furniture plays a significant role in creating comfortable and inviting environments.
Trends in the market: One of the key trends in the Czech outdoor furniture market is the rising popularity of multifunctional and space-saving furniture. As many Czechs live in urban areas with limited outdoor space, they are looking for furniture that can serve multiple purposes and be easily stored when not in use. This includes foldable tables and chairs, modular seating arrangements, and compact dining sets. Another trend is the growing demand for eco-friendly and sustainable outdoor furniture. Czech consumers are becoming more conscious of the environmental impact of their purchases and are seeking products made from recycled or renewable materials. This includes furniture made from recycled plastic, reclaimed wood, and sustainable rattan.
Local special circumstances: The Czech Republic has a rich tradition of craftsmanship and woodworking, which has led to the availability of high-quality outdoor furniture in the market. Czech manufacturers are known for their attention to detail and use of durable materials, which appeals to customers looking for long-lasting and reliable outdoor furniture. Additionally, the country's favorable climate during the spring and summer seasons encourages people to spend more time outdoors, further driving the demand for outdoor furniture. Czechs enjoy hosting barbecues, picnics, and other outdoor gatherings, creating a need for functional and stylish furniture to accommodate these activities.
Underlying macroeconomic factors: The overall economic stability and increasing disposable income of Czech consumers have contributed to the growth of the outdoor furniture market. As the economy continues to improve, more people have the means to invest in outdoor furniture and enhance their outdoor living spaces. Furthermore, the growth of the tourism industry in Czechia has also had a positive impact on the outdoor furniture market. The country attracts a significant number of tourists, especially during the summer months, who often rent vacation homes or stay in hotels with outdoor spaces. This creates a demand for outdoor furniture in the hospitality sector, further driving the market growth. In conclusion, the Outdoor Furniture market in Czechia is growing due to the preferences of customers who value outdoor living and leisure activities. The market is characterized by trends such as multifunctional and space-saving furniture, as well as the demand for eco-friendly and sustainable products. The country's rich tradition of craftsmanship, favorable climate, and improving economy also contribute to the market's development.
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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