Outdoor Furniture Market Size (2024 - 2029)

The outdoor furniture market is anticipated to experience significant growth, driven by increasing consumer spending and tourism in scenic and historical locations. This growth is reflected in the rising demand for outdoor furniture in hotels, resorts, and residential areas, as homeowners seek to enhance their outdoor spaces. Key factors influencing the market size include the need for weather-resistant and eco-friendly materials, as well as furniture that complements architectural styles. Manufacturers are particularly focused on the hospitality sector, where higher profitability is expected.

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Market Size of Outdoor Furniture Industry

Outdoor Furniture Market Summary
Study Period 2020 - 2029
Base Year For Estimation 2023
Forecast Data Period 2024 - 2029
CAGR (2024 - 2029) 5.00 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Outdoor Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Outdoor Furniture Market Analysis

The Outdoor Furniture Market is expected to register a CAGR of greater than 5% during the forecast period.

Globally, consumer spending and traveling by tourists have increased. These trends are mainly observed in seaside areas, hill stations, scenic beauty places, and historical monuments, which in turn, leading to the increasing number of hotels, resorts, open spaces, and public gardens. Thus, the increasing number of hotels and restaurants may drive the outdoor furniture market during the forecast period. The rising financial ability to spend on leisure and experiences is increasing consumer spending on outdoor furniture in the residential sector. Several homeowners are focusing on enhancing the garden and balcony appearance with the delightful appealing sitting areas. The choice of furniture is highly dependent upon the external climatic conditions. Good weather resistance, crack proofing, insect resistance, and superior tensile strength are among the key factors that are considered while selecting outdoor furniture. The majority of the manufacturers are turning their interest in crafting eco-friendly fixtures. Additionally, an enhancing outer appearance to signify matching architectural themes and style of living spaces and backyards of houses plays a major role in the purchase decision. Manufacturing companies are focusing on beach resorts and hotels, owing to the higher profitability achieved from these sectors.

Outdoor Furniture Industry Segmentation

A complete background analysis of the outdoor furniture market, including the assessment of the economy and contribution of the sectors in the economy, market overview, market size estimation for key segments and emerging trends in the market segments, market dynamics and insights, and key statistics, is covered in the report.

By Product
Chairs
Tables
Seating Sets
Loungers and Daybeds
Dining Sets
By End User
Residential
Commercial
By Distribution Channels
Home Centers
Flagship Stores
Specialty Stores
Online
Other Distribution Channels
By Geography
North America
South America
Europe
Asia-Pacific
Middle East and North Africa
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Outdoor Furniture Market Size Summary

The outdoor furniture market is poised for significant growth, driven by increased consumer spending and tourism activities in scenic and historical locations. This surge in tourism has led to a rise in the number of hotels, resorts, and public spaces, which in turn fuels the demand for outdoor furniture. Consumers are increasingly investing in enhancing their residential outdoor spaces, such as gardens and balconies, with aesthetically pleasing and durable furniture. Key factors influencing purchasing decisions include weather resistance, insect resistance, and eco-friendliness, as manufacturers focus on creating products that align with architectural themes and lifestyle preferences. The residential sector remains the dominant application segment, with garden furniture being popular for its decorative and functional benefits.

In the Asia-Pacific region, the outdoor furniture market is expected to experience robust growth, supported by the rise in international tourism in countries like China, Malaysia, and Thailand. This increase in tourist activity is boosting sales in the commercial segment, contributing to the region's expanding market share. The global outdoor furniture industry is characterized by a fragmented market structure, with numerous players operating at both global and regional levels. Major companies such as IKEA and Brown Jordan International are actively developing their supply chain networks to secure a competitive edge in the market.

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Outdoor Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Market Opportunities

    5. 1.5 Value Chain Analysis

    6. 1.6 Porter's Five Forces Analysis

    7. 1.7 Technological Innovations in the Industry

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Product

      1. 2.1.1 Chairs

      2. 2.1.2 Tables

      3. 2.1.3 Seating Sets

      4. 2.1.4 Loungers and Daybeds

      5. 2.1.5 Dining Sets

    2. 2.2 By End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channels

      1. 2.3.1 Home Centers

      2. 2.3.2 Flagship Stores

      3. 2.3.3 Specialty Stores

      4. 2.3.4 Online

      5. 2.3.5 Other Distribution Channels

    4. 2.4 By Geography

      1. 2.4.1 North America

      2. 2.4.2 South America

      3. 2.4.3 Europe

      4. 2.4.4 Asia-Pacific

      5. 2.4.5 Middle East and North Africa

Outdoor Furniture Market Size FAQs

The Outdoor Furniture Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)

IKEA, Century Furniture, Agio International Company Limited, Brown Jordan International and Barbeques Galore are the major companies operating in the Outdoor Furniture Market.

Outdoor Furniture Market Report Snapshots

Outdoor Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)