The Outdoor Furniture market in Indonesia has been experiencing steady growth in recent years, driven by several factors including changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.
Customer preferences: in the Outdoor Furniture market in Indonesia have shifted towards more durable and weather-resistant materials such as teak wood and synthetic rattan. This is due to the country's tropical climate, which exposes outdoor furniture to high levels of humidity and rainfall. Customers also prefer furniture that is low maintenance and easy to clean, as well as designs that are modern and stylish.
Trends in the market: include the growing popularity of outdoor living spaces and the increasing demand for multifunctional furniture. Indonesians are increasingly embracing the concept of creating outdoor spaces that can be used for relaxation, entertainment, and dining. As a result, there is a growing demand for outdoor furniture that can serve multiple purposes, such as modular seating arrangements that can be rearranged to accommodate different activities.
Local special circumstances: in Indonesia also play a role in the development of the Outdoor Furniture market. The country's large population and growing middle class have led to increased disposable income and a higher demand for quality outdoor furniture. Additionally, the government's focus on developing the tourism industry has resulted in the construction of more hotels, resorts, and outdoor recreational spaces, further driving the demand for outdoor furniture.
Underlying macroeconomic factors: such as economic growth and urbanization contribute to the development of the Outdoor Furniture market in Indonesia. As the economy continues to grow, more people have the means to invest in outdoor furniture for their homes and businesses. Urbanization also plays a role, as more people move to cities and live in smaller spaces, they are more likely to invest in outdoor furniture to maximize their living areas. In conclusion, the Outdoor Furniture market in Indonesia is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As Indonesians embrace outdoor living spaces and seek durable and multifunctional furniture, the market is expected to continue growing in the coming years.
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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