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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Outdoor Furniture Market Growth
Consumers' growing interest in home modifications and outdoor living areas is fuelling the expansion of the market. A growing trend propelling the outdoor furniture demand forecast is the introduction of cosy, visually beautiful outdoor spaces for entertainment and leisure. Rising disposable incomes allows more households to invest in high-quality outdoor furniture. People are more willing to update their outdoor living areas and buy high-end furniture that improves comfort and attractiveness when they have more disposable income. This pattern is reflected in the rising demand for high-end, customized outdoor solutions. Furthermore, increased disposable income encourages expenditure on outdoor and house improvement projects, which propels market expansion overall.
Furthermore, new developments in weather-resistant materials and innovative designs improve the visual appeal and longevity of products. The growth of the industry is also aided by urbanization and the extension of outdoor areas for businesses and residences. Demand from customers is further boosted by social media's effect in promoting outdoor living trends and seasonal discounts. This, in turn, also positively impacts the outdoor furniture market revenue over the years.
Outdoor Furniture Market Report Snapshots
Outdoor Furniture Market Growth
Outdoor Furniture Market Trends
Outdoor Furniture Market Share
Outdoor Furniture Market Regional Analysis
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The outdoor furniture market is projected to grow at a CAGR of 5% between 2024 and 2032.
The major market drivers include the rising investments in housing development, the growing focus to improve the comfort, aesthetics, and safety of homes, and the robust growth of the hospitality sector.
The rising demand for aesthetic outdoor spaces, increasing renovation activities, the growing demand for open spaces, and surging launches of customised, creative, innovative, and modern furniture are the key trends fuelling the market expansion.
The major regions in the market are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
The major materials of outdoor furniture are wood, metal, plastic, and textile, among others.
The major products of outdoor furniture include chairs, tables, seating sets, dining sets, loungers and daybeds, among others.
The significant end-uses of outdoor furniture are residential and commercial, among others.
The major players in the market are Ace Hardware Corporation, Century Furniture LLC, Forever Patio, Haworth, Inc., and Nilkamal Furniture, among others.
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