Outdoor Furniture Market - Global Industry Analysis

Outdoor Furniture Market Size And Industry Analysis

The global Outdoor Furniture Market accrued earnings worth approximately 15.3 (USD Billion) in 2020 and is predicted to gain revenue of about 25.1(USD Billion) by 2028, is set to record a CAGR of nearly 6.1% over the period from 2021 to 2028. The report offers assessment and analysis of the Outdoor Furniture Market on a global and regional level. The study offers a comprehensive assessment of the market competition, constraints, revenue estimates, opportunities, evolving trends, and industry-validated data. The report provides historical data from 2018 to 2020 along with a forecast from 2021 to 2028 based on revenue (USD Billion).

Outdoor Furniture Market: Outlook

Outdoor furniture finds myriad applications in residential, industrial, and commercial sectors. Moreover, growing customer preference towards improving aesthetic appeal of outdoor spaces will facilitate improvement in design & production of furniture for outdoor use. Apparently, massive demand for furniture (with new features) in gardens and balconies will boost market size. Changing seasonal cycles in various countries can have direct impact on use of raw material types for manufacturing outdoor furniture. Additionally, outdoor furniture is also referred to as patio furniture that is manufactured for outdoor fittings and is produced from weather resistant materials. Moreover, this furniture is utilized for increasing comfort, particularly, of aging persons.

Outdoor Furniture Market: Growth Dynamics

Surge in per capita income and spending on travel & tourism activities will steer growth of outdoor furniture market in years ahead. Apart from this, rapidly changing lifestyles of young population is set to create new growth avenues for outdoor furniture market over upcoming period. In addition to this, rise in addition to existing product line will embellish expansion of outdoor furniture industry over forecasting timeline. Thriving hotel & restaurant sector will prop up size of outdoor furniture industry in years to come.

Moreover, a large number of household owners are highlighting on improving garden as well as balcony appearance and this has converted into huge product demand. Need for producing eco-friendly products due to renewable energy trends across globe will kindle outdoor furniture market development over upcoming years. Profitability of outdoor furniture market can be attributed to surge in spending capacity of consumers along with high focus of manufacturers on producing outdoor furniture for beach resorts and restaurants as well as motels.

Furthermore, rise in consumer spending on leisure activities will culminate into humungous growth of outdoor furniture industry. However, outbreak of COVID-19 pandemic resulting in elongated lockdown has hampered expansion of outdoor furniture market. Additionally, high costs incurred while installing outdoor furniture will also produce glitches in the growth path of outdoor furniture market in years ahead. Nonetheless, increase in disposable income of customers resulting in rise in living standards will not only help outdoor furniture market space attain new destinations of growth, but will offset impact of hindrances on market growth factors.

Report Scope:

Regional Landscape

North America To Make Notable Contributions Towards Overall Market Size By 2028

Growth of outdoor furniture market in North America during forecast timeline is owing to increase in customer trend towards furniture with new features. In addition to this, surge in number of offices with gardens to improve working conditions in office space and increase in recreational units will reinforce market landscape in the region. Apart from this, smart home concept has become a buzzword for people in countries such as Canada and the U.S. and this is likely to pave a way for growth of outdoor furniture market in North America over years to come. High inclination of End-Userrs on purchase of compact size houses has culminated into massive focus of furniture manufacturers on producing furniture with manifold features for these households. This, in turn, is predicted to contribute significantly towards regional market earnings in upcoming years.

Competitive Landscape

Key participants influencing market size and profiled in study are Brown Jordan, Dedon, Royal Botania NV, Unopiu, Amisco, Ace Hardware, Haworth, Inc., Steelcase, Williams-Sonoma, Inc., Herman Miller, Inc., Ashley CABANACOAST, Molteni & C., Dorel Industries, Furniture Industries, Knoll, Inc., Sun Garden GmbH, The Home Depot, Inc., Patio Furniture Industries, Inc., IKEA, Tuuci, B&B Italia SpA, Century Furniture, Roda Srl, Forever Patio, and Hartman UK.

The global Outdoor Furniture Market is segmented as follows:

By Product

• Chairs & Tables
• Seating Sets
• Dining Sets
• Loungers & Daybeds

By End-User

• Residential
• Industrial
• Commercial

By Material

• Metal
• Plastic
• Wood
• Textile

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa