Table of Contents
Historical Data, Premium Insights, Market Dynamic, Analysis and Projection, By Product, Analysis and Projection, By Application, Analysis and Projection, By End-Use, Analysis and Projection, By Regional Analysis, Competitive Landscape, Company Profiles, Market Revenue, Sale & Price Analysis
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According to a research report published by Spherical Insights & Consulting, The Global Outdoor Furniture Market Size is Expected to Grow from USD 43.19 Billion in 2023 to USD 72.15 Billion by 2033, Growing at a CAGR of 5.27% during the forecast period 2023-2033.
Browse key industry insights spread across 215 pages with 110 Market data tables and figures & charts from the report on the Global Outdoor Furniture Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Chairs, Tables, Seating Sets, Dining Sets, and Others), By Material (Metal, Plastic, wood, Textile, and Others), By End User (Residential and Commercial) and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033.
The term "outdoor furniture" describes a variety of furnishings made especially to be used outdoors, usually on patios, decks, balconies, gardens, and other outdoor areas. The connection between the comfort of our indoor settings and the splendor of the wide outdoors is made possible by outdoor furniture. Outdoor furniture comes in numerous variations, including outdoor chairs, outdoor patio furniture, garden benches, outdoor tables, and outdoor couches. Increasing demand for outdoor furniture for commercial and hospitality use, such as hotels and restaurants which driven the global outdoor furniture market. This market has grown as a result of rising disposable incomes, a growing emphasis on house remodeling, and a growing interest in outdoor living areas. Comfortable, fashionable, and long-lasting outdoor furniture is in greater demand as consumers see their outdoor spaces as extensions of their indoor living areas. Innovations in design and materials have also had a favorable effect on the market, with producers now providing a greater selection of low-maintenance, weather-resistant products that appeal to contemporary consumers. The significance of optimizing outdoor spaces is anticipated to sustain market growth in the upcoming years as urbanization persists and living spaces become more condensed. However, increases in global geopolitical tensions and the cost of labor and transportation are the main causes of rising raw material prices.
The dining sets segment is expected to hold the largest market share of the global outdoor furniture market through the projected timeframe.
Based on the product type, the outdoor furniture market is classified into chairs, tables, seating sets, dining sets, and others. Among these, the dining sets segment is expected to hold the largest market share of the global outdoor furniture market through the projected timeframe. There is an increasing demand for outdoor dining areas as consumer preferences have changed. The hotel sector may accommodate guest preferences and create unforgettable dining experiences by providing outside seating with cozy and fashionable dining sets. Customers are looking to build pleasant and useful locations for dining and entertaining since they consider their outside spaces as extensions of their homes. The market is expanding as a result of the growing popularity of dining outside and outdoor cooking, which has increased demand for fashionable, high-quality outdoor dining sets.
The wood segment is predicted to hold a significant market share in the global outdoor furniture market through the projected timeframe.
Based on the material, the outdoor furniture market is divided into metal, plastic, wood, textile, and others. Among these, the wood segment is predicted to hold a significant market share in the global outdoor furniture market through the projected timeframe. The increasing popularity of wood outdoor furniture is owing to its benefits, including robustness, improved comfort, and aesthetic appeal. Additionally, wooden outdoor furniture is lightweight, strong, and has an aesthetic, natural appearance, making it a tailored material for making outdoor furniture. Technological developments in wood treatment have greatly increased the weather resistance and longevity of wooden furniture. Furthermore, a variety of styles, from classic to modern, may be created using wood due to its versatility, meeting the tastes of a wide spectrum of customers. Additionally, many customers appreciate permanence and quality in outdoor purchases, which is why hardwood furniture has a timeless appeal and is driving market growth.
The residential segment is expected to hold the highest market share of the global outdoor furniture market through the projected period.
Based on the end-user, the outdoor furniture market is categorized into residential, and commercial. Among these, the residential segment is expected to hold the highest market share of the global outdoor furniture market through the projected period. The residential segment is driven by several important variables, including population growth, rising per capita income, westernization, and changing lifestyles. Additionally, consumers are focusing more on enhancing outdoor spaces to create designs that are more aesthetically pleasing and cozy, which is greatly boosting the industry's expansion. In many nations, product sales in both residential and non-residential contexts are increasing due to rising income levels. Revenue from the outdoor furniture industry will rise due to the increasing demand for outdoor chairs and other accessories.
North America is expected to hold the largest share of the outdoor furniture market through the forecast period.
North America is projected to hold the largest share of the global outdoor furniture market over the predicted timeframe. The popular trend of family dinners and get-togethers at home has led to an increase in product demand in North America. Increasing interest in designing and caring for front yard and backyard gardens, both to improve the appearance of homes and to entertain guests, is another factor supporting this trend. In addition to the availability of cutting-edge and fashionable outdoor furniture products in the United States, the expansion can be attributed to the presence of businesses such as Brown Jordan and Forever Patio. The pleasant climate and the growing popularity of outdoor dining are major factors that encourage people to design warm outdoor areas for entertainment and leisure.
Asia Pacific is expected to grow at the fastest CAGR growth in the outdoor furniture market during the forecast period. The demand for high-end outdoor furniture is rising at a tremendous rate in the APAC countries, especially in public places such as hotels and resorts. As these countries attract more tourists, improving the overall visitor experience, including outdoor facilities, is becoming increasingly important. To make their outside spaces attractive and cozy where their visitors can relax, dine, and socialize, hotels and resorts are investing heavily in quality outdoor furniture. Public spaces that include parks and gardens, as well as recreation centers to cater to the needs of the local population and visitors, have also transformed their exterior furniture, creating an increased requirement for luxury outdoor furniture in the Asia Pacific region.
Company Profiling
Major key players in the outdoor furniture market include IKEA, Inc., Kimball International Inc., Kenter, Aura Global Outdoor Furniture, Barbeques Galore, Ashley Outdoor Furniture Industries, Inc., Century Outdoor Furniture LLC., Lloyd Flanders, Inc., Sifas USA, Terra Outdoor Living, Gloster Furniture, Polywood LLC, Woodard Furniture, TUUCI, Sunset West, and Others.
Recent Developments
Key Target Audience
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the outdoor furniture market based on the below-mentioned segments:
Global Outdoor Furniture Market, By Product Type
Global Outdoor Furniture Market, By Material Type
Global Outdoor Furniture Market, By End-user
Global Outdoor Furniture Market, By Regional Analysis
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