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

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.