Urban/Street Furniture Market Size (2024 - 2029)

Urban/Street Furniture Market Analysis

The Urban/Street Furniture Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.33 billion by 2029, growing at a CAGR of 6.29% during the forecast period (2024-2029).

The rise in urban population and increase in the real estate industry are factors for the growth of the global market. Factors like per capita and disposable income increase are essential in boosting the market. Growing tourism in seaside areas, hill stations, and other monumental places increased demand for hotels, resorts, public gardens, and open spaces, propelling the demand for street furniture. Street furniture is also used in commercial spaces. Apart from comfort, it offers uniqueness and boosts people's interest in enjoying outdoor spaces.

Street furniture products provide aesthetic and functional benefits in the commercial and residential sectors. The rising urbanization is a factor that helps in the market growth. The traffic light is a significant piece of street furniture that is important for the nation and reduces traffic accidents. It is made up of aluminum, iron, and other metal leads. As the production cost of aluminum, iron, and other metals increases, the cost of furniture production also increases, thus increasing the market's growth.

Increased demand for urban/street furniture made manufacturers expand and enlarge product distribution in the outdoor segment. Manufacturers are also trying to increase their market share by extending their business. Therefore, urbanization is the primary factor that increases the demand for street seating arrangements and other furniture equipment.

Urban/Street Furniture Industry Segmentation

Urban/street furniture is equipment installed on the sides of streets and roads for several purposes. Examples of urban/street furniture are benches, traffic barriers, bollards, post boxes, phone boxes, streetlamps, traffic lights, traffic signs, bus stops, tram stops, taxi stands, public lavatories, fountains, watering troughs, memorials, public sculptures, and waste receptacles. The urban/street furniture market is segmented into types, distribution channels, end users, and geography. The market is segmented by type into wood, plastic, and metal. By distribution channel, the market is segmented into online and offline. By end user, the market is segmented into commercial and residential. The market is segmented by geography into North America, Europe, Asia-Pacific, South America, and Middle East & Africa. The report offers market size and forecasts for the urban/street furniture market in value (USD) for all the above segments.