Consumer attention is shifting to improve outdoor spaces to create more comfortable and appealing designs in balconies, gardens, and porches, boosting market expansion. The demand for outdoor furniture in Asia Pacific is growing significantly, which will propel the regional industry growth. Outdoor furniture is primarily bought to increase comfort and features in the outdoor spaces. Key players in the outdoor furniture market are adopting merger & acquisition strategies to expand their footprint worldwide. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 15.9. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 14.12. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 16. Incremental Opportunity, By Material, 9. The global outdoor furniture market is expected to cross US$ 31.35Bn by 2031, at a CAGR of 6% during the forecast period. expert team of researchers can create market analysis reports for any of your
Due to its characteristics to withstand different climatic conditions, the global outdoor furniture market is expected to grow during the forecast period. Increasing presence of consumers seeking personalized buying experiences and competitive prices are pushing outdoor furniture manufacturers to innovate on their existing workflows. Read our Privacy Policy. Albany NY - 12207, United States, Downtown, 1000 N. West Street, Suite 1200, Wilmington, Delaware 19801 USA, Copyright Transparency Market Research, Inc. All Rights reserved, According to a latest market report published by Transparency Market Research on the outdoor furniture market for the period of, Globally, revenue generated by the outdoor furniture market accounted over US$. Global Outdoor Furniture Market Analysis and Forecast, By Distribution Channel, 10.1. The increasing popularity of innovative furniture products among consumers in the Asia Pacific is expecting the region to dominate the regional market during the forecast period. Outdoor Furniture Market size exceeded USD 15.7 billion in 2020 and is projected to grow at over 5.9% CAGR from 2021 to 2027. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 8. The selection of furniture is highly reliant upon outside climatic conditions. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 14.10. Moreover, the surging demand for free space for backyard gardening, front yard & backyards lawns, indoor gardens, and garden makeovers by enhancing garden aesthetics with modern trends in architectural designs, will foster the product adoption. Sales Area/Geographical Presence, 18.1. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 8.2. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Region, 2017 - 2031, 12. Manufacturers are investing in research and development to innovate new products to influence new consumers. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 7. Moreover, several market players are expanding their catering toward construction and real estate industries. The early phase of using indoor furniture outside is being replaced with furniture, specially designed for outdoor conditions. Looking for More? Furthermore, outdoor furniture made of upholstery materials, teak wood, eucalyptus, and high quality metals is generating significant demand in the market to beautify outdoor areas. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 15. Asia Pacific Outdoor Furniture Market Analysis and Forecast, 14.7. Detailed profiles of manufacturers of outdoor furniture have been provided in the report to evaluate their financials, key product offerings, recent developments, and strategies. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 14.8. The above information is provided on a regional and country basis for the following: Get a report that explains COVID-19 impact on this market. This is likely to drive the global outdoor furniture market during the forecast period. Additionally, the regional market is also led by the increasing number of stadiums and cumulative government investment on public gardens and parks. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 13.8. Manufacturers are also planning to expand their product range and presence in various geographies through mergers & acquisitions and offer customized solutions to end users. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 12.12. The wood used and the abundance of natural oils in it repel unwanted insects and moisture from damaging the integrity of the timber. In addition, the premium range of collections of outdoor furniture to design outdoor restaurant spaces, office spaces, and terraces are creating huge customer space. Manufacturing companies are focusing on designing outdoor furniture beach resorts and hotels, owing to the higher profitability achieved from these sectors. The North America outdoor furniture market size is set to cross USD 7.6 billion by 2027. The expansion of the segment is aided by the development of low-cost production technologies, the use of modern tools, and product quality. TMRs study on the global outdoor furniture market includes information categorized into six sections -type, material, price, application, distribution channel, and region. In numerous countries, rising income levels are augmenting product purchases in both residential and non-residential spaces. *Get Sample Report (PDF) sent to your email within minutes, 5.5.1. Market Volume Projections (Million Units), 6. Key players operating in the global outdoor furniture market include. In addition, if complemented with the right outdoor furniture, even small spaces such as balconies and pocket gardens can increase peoples interest to enjoy outside. Advancements in digital technology and information tools are allowing outdoor furniture businesses to respond faster to the changes in consumer demand, gain cost-saving benefits, and boost their operational efficiency. Access to only 1 person; cannot be shared; cannot be printed, Access for 2 to 5 users only within same department of one company, Access to a company wide audience; includes subsidiary companies or other companies within a group of companies, We use cookies to enhance user experience, Material, Product, End-user, Price Range, and Region, Rapid expansion of product portfolio & distribution network, Socialization accompanied by increasing consumer spending on leisure & experiences, Increasing tourism industry across the globe, Limited availability of skilled labor to meet fluctuating consumer demand. The rising demand for balcony furniture supported by the thriving real estate industry will influence the business expansion. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 9.2. In addition, with social distancing being the new normal, a rise in consumer spending on outdoor furniture and home furnishings is expected shortly. Major hindrances in the supply chain that led to a decline of overall sales during the start of the pandemic are expected to resume sooner. Stuck in a neck-to-neck competition with other brands? Furthermore, the rise in outdoor activities such as social get-together, family meetings, evening parties, socializing, and barbeques are contributing to the increase in the demand for the global outdoor furniture market in the upcoming future. Due to advantages such as superior comfort, eco-friendliness, strength, and aesthetic appeal, wood is one of the most popular material options in outdoor garden furniture. Variants, such as good quality fabrics, are highly durable and have the ability to withstand high wear and tear. We offer 100% Free Customisation at the time of purchase, Serving 1000 Fortune Companies in 200+ countries, State Tower, 90 State Street, Suite 700, In response to the COVID-19s influence on personal well-being and its association with pollution and environmental habitat destruction, many consumers are shifting their preference toward better lifestyle habits, careful consumption, and the betterment of society through self-improvement. Outdoor furniture market crossed USD 15.7 billion in 2020 and will witness a CAGR of over 5.9% from 2021 to 2027, says this GMI report. needs. Get A Special pricing for start-ups and universities. Market Value Projections (US$ Mn), 5.12.2. Moreover, factors such as increasing construction projects, growing urbanization, and rising disposable income of the consumers in the APAC region are some major factors contributing to the growth of the outdoor furniture market. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 15.8. The pandemic is augmenting consumer demand for ethically dynamic brands that share their values and for products that respect the environment. The impact of the coronavirus disease of 2019 (COVID-19) on buyer behavior and production trends has emphasized the significance of digitalization and automation for the outdoor furniture industry. This has resulted in demand for furnishing outdoor spaces with good material. ). >
Several e-commerce giants are targeting customers in the medium price range category to achieve economies of scale and generate higher revenues, without investing in retail shop spaces. However, the post-COVID-19 era is anticipated to increase consumer desire to improve their living space. Request a sample to get extensive insights into the Outdoor Furniture Market. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 14.9. Additionally, outdoor furniture products have evolved among the most attractive products in commercial and residential spaces owing to high comfort and improved aesthetic benefits. Manufacturers of outdoor furniture are focusing to enhance their products with varied colors, textures, and accessories. They are mostly designed as weather-resistant by using materials such as rustproof aluminum. Email: sales@gminsights.com, Global Market Insights Inc. 2022 All Rights Reserved. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 12.11. Get more details on this report - Request Free Sample PDF. The ongoing sustainability trends coupled with a growing focus on the importance of the home is one of the main reasons keeping the outdoor furniture market in place. Identification of Potential Market Spaces, 18.2. Demand for outdoor furniture is generated by manufacturers who make durable outdoor furniture, which offers protection against seasonal wear & tear, including scratches, bumps, and water exposure. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 16.8. These factors are projected to restrain the growth of the market in the long-run. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Type, 2017 2031, 12.8. Your personal details will remain secure and confidential. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 16.11. Wood outdoor furniture had held over 50% of revenue share in 2020 and will witness a CAGR of nearly 6.5% through 2027 owing to their superior comfort, eco-friendliness, strength, and aesthetic appeal. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 12.10. Another factor that might act as a restraint to the market is the high setting up cost. Most popular furniture includes spacious tables and comfortable chairs. Global Outdoor Furniture Market Analysis and Forecast, By Price, 7.1. The set-up outside should be conducive to the environment and work well for human factors as well. Medium price range furniture accounted for majority of the market revenue share in 2020. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 16.10. For instance, Tropitone offers a wide range of outdoor seating furniture with modular RELAXplus technology that enhances the capability of the product to be used in indoor and outdoor applications. Interested in this report? Moreover, the trend of family functions, along with dinners in residential gardens, is anticipated to stimulate growth of the global market, especially in the Asia Pacific. North America outdoor furniture market size will surpass USD 7.6 billion by 2027 owing to the expansion of hospitality industry along with increasing consumer preference to replace basic furniture. Cost effectiveness and higher comfort during the summer season as compared to leather variant is propelling the demand of textile material. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 16.9. >
Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 15.10. Changing industry trends and other crucial market dynamics associated with these sections of the outdoor furniture market are discussed in detail. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 16.12. Company Profiles (Details Company Overview, Sales Area/Geographical Presence, Revenue, Strategy & Business Overview), 17.10.2. Furthermore, manufacturers can undertake contracts from them and decorate the increasing number of homes and high-rise apartments. Its potential to be used in outside gardens or terraces and make outdoor living spaces aesthetically pleasing is driving consumer demand. It is widely used for the production of outdoor furniture for residential and commercial sectors. People across the world are frequently seeking to enhance the outer appearance of outdoor spaces to signify matching structural themes, and the fashion of living spaces and gardens of houses plays a major role in the buyer purchase decision. Some key developments in the outdoor furniture market are highlighted below: Others (Patio Console Table, Picnic Table, etc. Companies are introducing modularity capabilities, enabling consumers to customize the chairs according to their requirements. Thus, weather resistance, crack proofing, insect protection, and excellent tensile strength are among the key factors that are considered while selecting outdoor furniture. Sales Area/Geographical Presence, 17.13.2. Outdoor Furniture Market. Global Outdoor Furniture Market Analysis and Forecast, By Material, 8.1. Consumers are willing to spend their disposable income, particularly on the design and manufacture of outdoor furniture products to improve aesthetics, expanding the product variety. Moreover, a basic stone patio can be transformed into an open-air dining destination. Consumer spending on leisure activities such as traveling has increased tremendously. Incremental Opportunity, By Application, 10. Phone: +1-302-846-7766
Additionally, the steep cost of high- quality raw materials as outdoor furniture needs to be weatherproof, restricts the growth of the market. Sales Area/Geographical Presence, 17.11.2. Overall Furniture Industry Overview, 5.12. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 15.11. The expansion of the hospitality industry along with the increasing preference of people for replacing their basic furniture set with furniture offering multifunction capabilities is supporting the regional dominance. In order to complete work and educational activities at home conveniently, more people are opting to redesign the outdoor spaces, terraces, and backyard for more comfort. Moreover, increasing tourism in countries such as Singapore, India, Malaysia, and other countries is one of the significant reasons to propel the market growth in this region. Some of the popular material options include solution-dyed acrylic and spun polyester, as they resist moisture, mildew, and staining. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 12.9. Global Outdoor Furniture Market Analysis and Forecast, By Application, 9.1. Textile for furniture is available in various colors and designs to match the surrounding along with resilience property. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Distribution Channel, 2017 - 2031, 13.12. In addition, it is not easy for small manufacturers to enter the market, as the cost of the product is high and requires a sophisticated warehousing system to store the outdoor furniture. Several key companies allow personal style and preference reign supreme when selecting colors palates. Sales Area/Geographical Presence, 17.12.2. Global Market Insights Inc.
Market Player Competition Dashboard, 17.2. HVAC & Construction
Outdoor furniture is designed to withstand hot and humid temperatures and gives a new style and furnishing to outdoor living spaces. Manufacturers are catering to customer needs and are thus designing outdoor furniture, which have resistance to decaying, termites, and acids. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Country & Sub-region, 2017 - 2031, 13. Moreover, due to the current pandemic situation, many shopping malls that have eating outlets, hotels, bars & cafes are closed and not using outdoor furniture for a long time, which could result in their wear and tear. Global Outdoor Furniture Market Analysis and Forecast, 2017 - 2031, 5.12.1. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Application, 2017 - 2031, 13.11. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Material, 2017 - 2031, 13.10. The changing consumer preferences toward residential private houses and commercial buildings in emerging nations are expected to drive the industry demand. Outdoor furniture often known as patio furniture is a type of fittings specially designed for outdoor use. Our
We employ Market Analysis, Benchmarking, Corporate Intelligence, and Technological Intelligence to understand specific requirements and customize report with a quick turnaround time in a dynamic business environment. Get a FREE sample now! Moreover, homes with backyards and restaurants with outdoor spaces can create an extra cozy lounging spot with the addition of a carpet made for outdoor use. The growing need to redesign restaurants and offices as a part of social distancing measures is likely to boost the global outdoor furniture market. Outdoor Furniture Market Size (US$ Mn and Million Units) Forecast, By Price, 2017 - 2031, 13.9. Market Share Analysis (%), by Company, (2020), 17.3. Majority of the businesses is shifting their interest in designing eco-friendly fixtures. The ability of outdoor furniture to be exposed to environmental conditions such as rain; protection against dust and solid particles, and insects; and their capability to endure cold temperatures have led to increasing purchase of outdoor furniture. Teak outdoor furniture can be brought back to its natural warm brown tones with light sand and a polish, which is driving consumer demand. Most products designed for outdoor use will also resist fading using such materials. 4 North Main Street, Selbyville, Delaware 19975 USA
This is encouraging procurement of outdoor furniture by hotels and restaurants that is likely to drive the outdoor furniture market during the forecast period. Moreover, the proliferating housing sales coupled with increasing number of resorts and hotels, gardens, and restaurants are supporting the market expansion. Prominent players in the outdoor furniture market are increasing investment on innovative products to fulfill the needs of end users and offer them customized solutions. However, the emergence of smart homes and rising preference of consumers to buy homes of compact sizes are enabling companies to invest in innovative solutions for increasing the multifunctional capabilities of the furniture. In 2020, the residential application dominated the outdoor furniture market with nearly 55% share and is poised to achieve 5.8% growth rate. Home
Chairs is the fastest growing product segment and is anticipated to expand at above 7% CAGR till 2027. Wooden outdoor furniture is lightweight, long lasting, and offers an aesthetic & natural appeal, thereby fueling market revenue. Key outdoor furniture industry participants are Dedon, Unopiu, Ace Hardware, Haworth, Inc., Steelcase, Herman Miller, Inc., Ashley Furniture Industries, Knoll, Inc., Sun Garden GmbH, The Home Depot, Inc., IKEA, Tuuci, Royal Botania NV, Molteni & C., B&B Italia SpA, Century Furniture, Roda Srl, Williams-Sonoma, Inc., Brown Jordan, Dorel Industries, Forever Patio, CABANACOAST, Patio Furniture Industries, Inc., Amisco, and Hartman UK among others. The textile material segment is likely to observe a substantial growth during 2021 to 2027. We use cookies for a better user experience. The lockdown has led to shutdown of restaurants, offices, factories, production plants, gyms, and other social places.