Outdoor Furniture Market Size & Share, Growth Trends 2037

Outdoor Furniture Market Size & Share, Growth Trends

End-user (Residential, Commercial)

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According to various sources, the outdoor furniture market is rapidly approaching growth milestones, with the market size expected to reach USD 29.32 billion by 2037, reflecting a compound annual growth rate (CAGR) of 6.00%. With increasing consumer demand for both residential and commercial outdoor spaces, this segment exhibits considerable potential for expansion in the coming years.

The global outdoor furniture market is segmented and analyzed for demand and supply by end users into residential, and commercial. Of these, the residential segment is anticipated to hold the largest share by the end of the forecast period, bolstered by a growing number of individuals embracing luxurious lifestyles in uniquely styled homes. Additionally, consumers are investing in upscale furniture designed to enhance the appeal of their gardens and lawn areas. The trend of modifying homes in line with contemporary designs is positively impacting the aesthetic values of their surroundings. Furthermore, an increasing number of homes globally is projected to further drive growth in this segment. For instance, in Canada, the number of homes is expected to rise to approximately 14 million by the end of the year, up from 13 million in the prior year.

Moreover, the commercial segment is also expected to achieve a significant share during the forecast period. This can be attributed to the rising number of hotels and restaurants that feature rooftop and open-air dining options. Furthermore, bars and pubs are also opting for outdoor furniture, which is predicted to propel growth in the segment.

Distribution Channels (E-Commerce, Supermarkets)

The global outdoor furniture market is also analyzed based on distribution channels, which include e-commerce, supermarkets, and others. Among these, the e-commerce segment is projected to retain the largest share by the end of the year. This growth is primarily driven by the essential role that online distribution channels are playing in the development of the furniture industry. Additionally, many manufacturers are selling their products at competitive prices, expected to further enhance the growth of the e-commerce segment in the market.

Our in-depth analysis of the global market includes the following segments:

• By Product
• Plastic
• Metal
• Wood
• Others Outdoor Furniture
• By Distribution Channels
• E-Commerce
• Supermarkets
• Others
• By End Users
• Residential
• Commercial

Global Outdoor Furniture Market Overview

The outdoor furniture market size was valued at USD 18.4 billion recently. Projections suggest that the outdoor furniture industry will grow from USD 19.5 billion and reach USD 29.32 billion by 2037, demonstrating a CAGR of 6.00% during the forecast period (2023-2037). The rising purchasing power of consumers, along with increased demand for hotels, public gardens, and open spaces, are key factors contributing to this market growth.

Outdoor Furniture Market Trends

• Rising disposable income to boost the market growth

As disposable incomes rise, consumer demand for outdoor furniture increases in the residential sector. Many homeowners aspire to enhance the appeal of their gardens and balconies by incorporating inviting lounging areas. Outdoor environmental conditions significantly influence furniture selection, with key considerations including weather resistance, bug resistance, high tensile strength, and crack-proof features. Moreover, restaurants and cafes worldwide are increasingly offering outdoor dining options. A National Restaurant Association poll from September 2021 indicated that 65% of surveyed restaurant operators in the United States began offering outdoor dining options in places such as decks, walkways, or patios.

Online distribution channels are becoming crucial in the growth of both the retail and furniture industries. These channels offer a diverse range of brands at competitive prices, attracting a wider customer base and stimulating outdoor furniture industry growth. For instance, IKEA received over 2.1 billion visitors to its official website in 2021, which underscores its significance as a marketing and sales platform. Furthermore, owing to rapid digitalization, increased mobile usage, and improved internet access, businesses are making a gradual shift from traditional brick-and-mortar transactions towards e-commerce platforms.

The fast-paced urban lifestyle and growing financial capacity of the populace have enabled increased spending on recreational activities, such as dining at rooftop bars and outdoor restaurants. The rising demand for comfortable dining has prompted hotels and restaurants to invest in rooftop dining spaces, impacting the consumption of outdoor dining chairs and tables. Additionally, common areas equipped with ample seating enhance consumer capacity and satisfaction. Consequently, the fast-paced urban lifestyle and increased financial capabilities have boosted the outdoor furniture market's CAGR across the globe in recent years.

Moreover, to meet demand, significant advancements in the furniture market have been made. The introduction of innovative furniture designs alone has spurred growth in outdoor furniture revenue. For example, sustainability has become an increasingly prominent focus, with consumers seeking eco-friendly outdoor furniture made from recycled materials or designs that produce a smaller environmental footprint. In response, manufacturers have begun to introduce new product lines utilizing sustainable materials such as bamboo and reclaimed wood.

Outdoor Furniture Market Segment Insights

Outdoor Furniture Material Insights

The outdoor furniture market is segmented by material type, including metal, plastic, wood, textile, and others. The wood segment held the majority share in 2021, contributing approximately 65-67% to the market's revenue. This segment is expected to maintain its dominance throughout the forecast period. The popularity of wooden furniture can be attributed to its durability, comfort, and aesthetic appeal, making it one of the most commonly used materials in furniture production worldwide.

Outdoor Furniture Product Type Insights

The outdoor furniture market is categorized by product type, incorporating chairs, tables, seating sets, dining sets, and more. Due to the increasing prevalence of remote working situations, which necessitate greater use of tables in homes, the tables segment is expected to experience steady growth. With various sizes available, users can conveniently work from shared spaces such as terraces and balconies. The tables segment is witnessing a rise in popularity among residents for its functionality. However, the chair category is also expected to display significant growth given its widespread usage in residential and commercial environments.

Outdoor Furniture End-user Insights

The outdoor furniture market is divided into residential and commercial end users. In 2021, the residential segment was responsible for the largest market share, driven by factors such as population growth, increasing per capita income, and evolving lifestyles. Consumers are focusing on improving outdoor spaces to create visually appealing and comfortable designs, contributing to industry growth. Rising income levels are boosting product sales in both residential and non-residential settings across various countries.

Outdoor Furniture Regional Insights

The market insights are provided by region, including North America, Europe, Asia-Pacific, and the Rest of the World. North America's outdoor furniture market was valued at USD 8.42 billion in 2021 and anticipates significant CAGR growth during the study period, aided by the growing trend of family dinners and gatherings at home.

The key countries studied in this market report include the U.S., Canada, Germany, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.

Europe holds the second-largest share of the outdoor furniture market, driven by an increasing interest in creating and maintaining yard and garden spaces both for aesthetic purposes and guest entertainment. Germany tops the European outdoor furniture market, while the UK is recognized as the fastest-growing market in this region.

The Asia-Pacific outdoor furniture market is expected to achieve the fastest CAGR between 2023 and 2037, largely due to increasing international tourism in countries such as China, Malaysia, South Korea, Singapore, and India. The surge in visitor activity is boosting outdoor furniture sales, thereby driving the growth of the commercial segment in the region.

Outdoor furniture Key Market Players & Competitive Insights

Key players in the market are investing heavily in R&D to expand their product lines. Companies are also taking various strategic initiatives to enhance their global presence, including new product launches, mergers and acquisitions, and collaborations. Competitors in the outdoor furniture sector must offer cost-effective items to thrive in an increasingly competitive and evolving market environment.

A significant strategy employed by manufacturers is to produce locally, aiming to reduce operational costs. In recent years, the outdoor furniture industry has provided notable benefits. Major players such as AGIO International Company LTD, Brown Jordan International, Century Furniture LLC, Inter IKEA Systems B.V., Kimball International Inc., EMU Group S.P.A., DEDON, The Home Depot Inc., and others are actively working to meet market demand through investments in research and development initiatives.

IKEA stands out as a multinational company headquartered in the Netherlands, specializing in ready-to-assemble furniture, kitchen appliances, along with various home accessories. As the world's leading furniture retailer since 2008, IKEA notably received over 2.1 billion site visitors in 2021, emphasizing its significance in the market.

Similarly, Keter Group, an Israeli manufacturer, specializes in resin-based consumer products for homes and gardens. With 29 manufacturing plants worldwide, Keter recently partnered with UBQ Materials to launch sustainable garden products that harness 55% recycled content, reflecting a growing commitment to environmental responsibility.

List of the Key Companies in the outdoor furniture market include

• AGIO International Company LTD

• Brown Jordan International

• Century Furniture LLC

• Inter IKEA Systems B.V.

• Kimball International Inc.

• EMU Group S.P.A.

• DEDON The Home Depot Inc.

• Haworth Inc.

• UNOPIU Hartman UK

• PLAISIR Du JARDIN Ltd.

• IKEA

• Royal BOTANIA NV

Outdoor furniture Industry Developments

October: Gabriella White LLC, an upholstery producer, acquired Stanford Furniture Corp. to expand retail networks and enhance upholstery capabilities in the U.S.

January: Kimball International launched Interwoven to deliver a diverse selection of furnishings for healthcare environments.

February: Vetra has introduced a high-end outdoor furniture line to broaden customer reach and product offerings.

May: Fritz Hansen will debut its first outdoor furniture line during Clerkenwell Design Week, showcasing sustainability through immersive installations.

Outdoor furniture Market Segmentation

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Outdoor furniture Material Outlook

• Metal

• Plastic

• Wood

• Textile

• Others

Outdoor furniture Product Type Outlook

• Chairs

• Tables

• Seating Sets

• Dining Sets

• Others

Outdoor furniture End User Outlook

• Residential

• Commercial

Outdoor furniture Regional Outlook

• North America

  • US

  • Canada

• Europe

  • Germany

  • France

  • UK

  • Italy

  • Russia

  • Spain

  • Rest of Europe

• Asia-Pacific

  • China

  • Japan

  • India

  • South Korea

  • Australia & New Zealand

  • Rest of Asia-Pacific

• Latin America

  • Mexico

  • Brazil

  • Argentina

  • Rest of Latin America

• Middle East & Africa

  • Turkey

  • GCC Countries

  • South Africa

  • Rest of the Middle East & Africa

Market Size: USD 18.4 billion

Market Size: USD 19.5 billion

Market Size: USD 29.3 billion

Compound Annual Growth Rate (CAGR): 6.00% (2023-2037)

Frequently Asked Questions (FAQ) :

The outdoor furniture market size was valued at USD 29.32 billion by 2037.

The market for outdoor furniture is projected to grow at a CAGR of 6.00% during the forecast period, 2023-2037.

North America had the largest share of the market for outdoor furniture.

The key players in the market for outdoor furniture include AGIO International Company LTD, Brown Jordan International, Century Furniture LLC, Inter IKEA Systems B.V., Kimball International Inc., EMU Group S.P.A., DEDON, The Home Depot Inc.

The wood category dominated the market for outdoor furniture in 2021.

The table category had the largest share of the market for outdoor furniture.

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