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Outdoor Furniture Market by Product (Outdoor Seating Furniture, Outdoor Dining Furniture, Outdoor Kitchen Furniture, Accessories, Others), by Material (Metal, Wood, Plastic, Fabric, Synthetic fibres, Others (textile, non-textile, synthetic fibres)), by Price (Low, Medium, High), by End User (Residential, Commercial), by Distribution Channel (Online, Offline), by North America (U.S., Canada), by Europe (Germany, UK, France, Italy, Spain, Rest of Europe), by Asia Pacific (China, Japan, India, Australia, South Korea, Rest of Asia Pacific), by Latin America (Brazil, Mexico, Rest of Latin America), by MEA (Saudi Arabia, UAE, South Africa, Rest of MEA) Forecast 2025-2033
The size of the Outdoor Furniture Market was valued at USD 15.5 Billion in 2023 and is projected to reach USD 21.96 Billion by 2032, with an expected CAGR of 5.1% during the forecast period. It is stable due to healthy demand on the grounds of urbanization and, increasingly, the consumer practice of a rise in contemporary living outdoor spaces. At present, users want to invest in stylish and comfortable furniture for patios, gardens, and balconies. As a result, the market is growing. Due to an increase in disposable incomes, there is a demand for premium products that will attract consumers. Those and the ever-rising demand in the construction of functional outdoor space are helping fuel further expansion within the outdoor furniture market. And thus, industry analysts expect to witness further expansion and reflect changes within lifestyle patterns.
The outdoor furniture market is fragmented, with numerous local and international players. Key players include Article, Ashley Furniture Industries, Brown Jordan International, Inc., Burrow Inc., Dedon GmbH, Ebel Inc., Fermob USA, Inc., Gloster Furniture, Grandin Road, IKEA, Inc., Kingsley Bate, Polywood LLC, Sifas USA, Sunset West, Terra Outdoor Living, TUUCI, and Woodard Furniture.
The market is characterized by innovation, with companies investing heavily in the development of new materials, designs, and technologies. Regulatory requirements and product substitutes pose challenges to the market, while end-user concentration is evident in the residential and commercial sectors. M&A activities are prevalent, as companies seek to expand their market share and product offerings.
The outdoor furniture market is influenced by several key trends:
Region: North America and Europe are expected to remain the dominant regions in the outdoor furniture market, driven by high disposable income levels and a strong culture of outdoor living.
Segment: The outdoor seating furniture segment is projected to hold the largest market share, followed by outdoor dining furniture. The residential end-user segment is expected to dominate the market, while the commercial segment is expected to witness steady growth.
This report includes comprehensive coverage of the following aspects:
Market Size: The global outdoor furniture market was valued at USD 11.6 billion in 2019 and is projected to reach USD 15.5 billion by 2027.
Market Share: North America holds the largest market share, followed by Europe and Asia Pacific. Key players such as Article, Ashley Furniture Industries, and IKEA hold significant market shares.
Growth: The market is expected to exhibit a CAGR of 5.1% from 2020 to 2027, primarily driven by the rising popularity of outdoor living spaces and the growing demand for comfortable and stylish outdoor furniture.
North America:
Europe:
Asia Pacific:
Latin America:
MEA:
September 2022: Ashley Furniture Industries launches a new line of weather-resistant outdoor furniture for small spaces.
November 2022: Gloster Furniture introduces the "Lima" collection, featuring a contemporary aesthetic with high-quality materials.
June 2021: IKEA announces its commitment to using renewable or recycled materials in all outdoor furniture products by 2030.
Aspects | Details |
---|---|
Study Period | 2019-2033 |
Base Year | 2024 |
Estimated Year | 2025 |
Forecast Period | 2025-2033 |
Historical Period | 2019-2024 |
Growth Rate | CAGR of 5.1% from 2019-2033 |
Segmentation |
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Note* : In applicable scenarios
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