USD 45.10 billion
Outdoor Furniture Market Size, Share, Growth Analysis, By Type(Chairs, and Tables), By Distribution Channel(Offline retail, and Online retail), By Material(Wood, Plastic, and Metal), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG30K2024 |
Region:
Global |
Published Date: April, 2024
Pages:
198
|Tables:
88
|Figures:
76
Outdoor Furniture Market Insights
Global Outdoor Furniture Market size was valued at USD 45.10 billion in 2022 and is poised to grow from USD 47.67 billion in 2023 to USD 74.28 billion by 2031, growing at a CAGR of 5.70% during the forecast period (2024-2031).
The global industry is experiencing significant growth due to the increasing demand for outdoor furniture products in hotels, resorts, public gardens, and open spaces. This trend is particularly evident in seaside areas, hill stations, scenic beauty locations, and historical monuments. The growing number of hotels and restaurants is expected to drive industry growth during the forecast period.
Moreover, consumers are paying more attention to enhancing outdoor areas by creating more aesthetically pleasing and comfortable designs in balconies, gardens, and porches. This is supporting the development of the industry. Additionally, the demand for outdoor furniture in the residential sector is increasing due to rising disposable income. Homeowners are investing in their gardens and balconies by adding delightful seating areas to improve their appearance.
The selection of outdoor furniture is heavily influenced by external climatic conditions, and good weather resistance, insect resistance, superior tensile strength, and crack-proof properties are among the key factors considered when choosing outdoor furniture.
Furthermore, outdoor dining facilities in restaurants and cafes across the globe are boosting the demand for outdoor furniture in hotels and cafes. For example, a survey conducted by the National Restaurant Association in September 2021 revealed that 65% of the surveyed restaurant operators across the U.S. started offering on-premises outdoor dining in areas such as decks, sidewalks, or patios. This is expected to have a significant impact on the global industry. The online distribution channel is playing an important role in the development of the retail and furniture industries. Online channels offer a diverse range of brands at competitive prices, drawing a larger customer base and stimulating the growth of the industry. With the rapid digitization, increasing mobile usage, and improved internet connectivity, companies are moving from brick-and-mortar transactions to e-commerce portals.
US Outdoor Furniture Market is poised to grow at sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Chairs
Fastest Growth
Chairs
Growth Rate
5.70% CAGR
Global Outdoor Furniture Market ($ Bn)
Country Share for North America Region (%)
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Outdoor Furniture Market Segmental Analysis
The Global Outdoor Furniture market is segmented by packaging type, distribution channel, material, and region. Based on type, the market can be segmented into chairs, and tables. Based on distribution channel, the market is segmented into Offline retail, and Online retail. Based on material, the market is segmented into wood, plastic, and metal. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Outdoor Furniture Market Analysis by Type
By type the market can be segmented into chairs, and tables. Chairs are the dominating segment in the outdoor furniture market. The demand for chairs is high due to their versatility and functionality. Outdoor chairs come in various styles and designs such as lounge chairs, Adirondack chairs, rocking chairs, and dining chairs, catering to the varying needs of customers. Additionally, the increasing trend of outdoor living and dining spaces, particularly in residential settings, has further boosted the demand for outdoor chairs.
Tables are the fastest-growing segment in the outdoor furniture market. The demand for outdoor tables has increased due to the growing trend of outdoor dining and entertainment. Outdoor tables come in various types such as dining tables, coffee tables, side tables, and bar tables, catering to the varying needs of customers. Additionally, the increasing number of restaurants and cafes with outdoor seating areas has further fueled the demand for outdoor tables.
Outdoor Furniture Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail, and online retail. Offline retail is the dominating segment in the outdoor furniture market. The majority of customers still prefer to purchase outdoor furniture from physical stores, as they can see and test the product before buying. Additionally, offline retail stores offer a more personalized and engaging shopping experience, which is particularly important for high-value products such as outdoor furniture. Moreover, the growing number of home improvement and furnishing stores worldwide has further boosted the demand for outdoor furniture through offline retail.
Online retail is the fastest-growing segment in the outdoor furniture market. The trend of online shopping has grown rapidly over the past few years, and customers are increasingly comfortable with buying outdoor furniture online. Online retail offers convenience, wider product selection, and lower prices compared to physical stores, which has made it a popular choice for customers. Additionally, the COVID-19 pandemic has accelerated the shift towards online shopping, further boosting the demand for outdoor furniture through online retail.
Global Outdoor Furniture Market By Type
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Outdoor Furniture Market Regional Insights
North America is currently dominating the global outdoor furniture market due to the high demand for outdoor furniture in the United States and Canada. The region's favorable climatic conditions, coupled with the growing trend of outdoor dining, are driving the market's growth. The increasing number of cafes and restaurants offering outdoor dining options is also boosting the demand for outdoor furniture. The presence of major players such as Home Depot, Lowe's, and Walmart is further fueling the growth of the market in the region. The availability of a variety of outdoor furniture products, coupled with the high disposable income of consumers in the region, is driving market growth.
On the other hand, APAC is the fastest-growing region in the outdoor furniture industry, owing to the growing demand for outdoor furniture in countries like China, India, Japan, and South Korea. The region's rapid urbanization and increasing disposable income levels are driving the growth of the market. Additionally, the rising trend of outdoor living and the increasing popularity of garden parties and barbecues are contributing to the growth of the outdoor furniture market in APAC. The increasing number of hotels and resorts, coupled with the high demand for outdoor furniture in these establishments, is further boosting the growth of the market in the region.
Global Outdoor Furniture Market By Region
- Largest
- Fastest
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Outdoor Furniture Market Dynamics
Outdoor Furniture Market Drivers
Growing Demand For Aesthetically Pleasing And Comfortable Outdoor Furniture To Bring Lucrative Growth Opportunities For Players In The Market
- The increasing trend of outdoor living and the growing demand for aesthetically pleasing and comfortable outdoor furniture designs are the key drivers of the global outdoor furniture market. With rising disposable incomes and changing consumer preferences, there is a growing demand for outdoor furniture in both residential and commercial sectors, including hotels, resorts, cafes, and restaurants. Additionally, the availability of a variety of outdoor furniture products that are resistant to external climatic conditions and easy to maintain is driving market growth.
Outdoor Furniture Market Restraints
High Cost Of Premium Outdoor Furniture To Hinder Market Growth
- One of the key restraints of the global outdoor furniture market is the high cost of premium outdoor furniture products. The cost of premium outdoor furniture products such as fire pit sets and conversation sets is comparatively higher than the regular outdoor furniture products, which limits their demand among price-sensitive consumers. Additionally, the fluctuating prices of raw materials used in the production of outdoor furniture, such as aluminum, wood, and plastic, also affect the market growth. The increasing competition among players and the availability of low-cost substitutes also pose a significant challenge to the market growth.
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Outdoor Furniture Market Competitive Landscape
The global outdoor furniture market is highly competitive with the presence of several local and international players. Companies operating in the market are focusing on developing innovative designs and introducing new products to meet the changing consumer preferences. Additionally, manufacturers are investing in research and development activities to improve the quality of outdoor furniture products and enhance their durability. The market players are also focusing on expanding their distribution channels and collaborating with e-commerce retailers to increase their product reach. Moreover, strategic collaborations, mergers and acquisitions, and partnerships are other strategies being adopted by players to increase their market share.
Top Player’s Company Profiles
- Century Furniture LLC (US)
- Gloster Furniture Ltd. (UK)
- Home Depot Inc. (US)
- Inter Ikea Systems B.V. (Netherlands)
- Keter Plastic Ltd. (Israel)
- La-Z-Boy Inc. (US)
- Lloyd Flanders Industries, Inc. (US)
- Manutti N.V. (Belgium)
- Polywood LLC (US)
- Royal Botania NV (Belgium)
- Steelcase Inc. (US)
- Summer Classics, Inc. (US)
- Sun Garden GmbH (Germany)
- Tropitone Furniture Co., Inc. (US)
- Treasure Garden Inc. (US)
- Winston Furniture Company, Inc. (US)
- Woodard, LLC (US)
Outdoor Furniture Market Recent Developments
- In March 2023, the furniture company, Restoration Hardware, launched a new line of outdoor furniture, expanding its product offerings.
- In January 2023, Gloster, launched a new collection of outdoor furniture made from recycled plastic.
- In December 2022, the furniture company, Crate & Barrel, launched a new line of outdoor furniture, expanding its product offerings.
- In October 2022, the outdoor furniture company, Brown Jordan, launched a new line of outdoor furniture in partnership with designer Michael Berman.
- In July 2022 , IKEA, announced plans to invest €1 billion in sustainability initiatives, including sustainable outdoor furniture.
Outdoor Furniture Key Market Trends
- One of the key market trends in the global outdoor furniture market is the increasing adoption of sustainable materials and eco-friendly manufacturing processes. With rising awareness about environmental sustainability, consumers are increasingly opting for outdoor furniture products made from recycled materials or sustainably sourced wood. Additionally, manufacturers are focusing on reducing their carbon footprint by using renewable energy sources and eco-friendly production techniques. Another trend is the increasing demand for multifunctional outdoor furniture products, which can be used for various purposes such as storage and seating.
Outdoor Furniture Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
The global outdoor furniture market is witnessing significant growth, driven by the rising demand for outdoor furniture products in hotels, resorts, public gardens, and residential sectors. The trend is particularly observed in seaside areas, hill stations, scenic beauty places, and historical monuments. The market is highly competitive, with several local and international players focusing on developing innovative designs and introducing new products to meet changing consumer preferences. Additionally, manufacturers are investing in research and development activities to improve the quality of outdoor furniture products and enhance their durability. The market is also witnessing a trend towards sustainable materials and eco-friendly manufacturing processes.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 45.10 billion |
| Market size value in 2031 | USD 74.28 billion |
| Growth Rate | 5.70% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Outdoor Furniture Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Outdoor Furniture Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Outdoor Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Outdoor Furniture Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Outdoor Furniture Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Outdoor Furniture Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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