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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Outdoor Furniture Market Share
Commercial End Use Sector to Gain Traction Owing to the Rapid Urban Development
Growing investments in public places such as restaurants, hotels, and business environments are likely to propel the commercial segment to a leading share of the outdoor furniture market. To improve client experiences and create comfortable environments, businesses are giving priority to outdoor spaces. The need for strong, fashionable furniture in these environments is further fuelled by the growth in urban development and refurbishment initiatives. Factors such as these eventually propel the demand for outdoor furniture.
As per outdoor furniture industry analysis, larger quantities and tailored solutions are frequently needed by commercial properties, which results in increased sales volumes. The desire for practical, aesthetically beautiful furniture solutions is driving the rise of the commercial category as outdoor living spaces become increasingly important to hospitality and corporate initiatives.
The rising demand for quality houses with open spaces in developing countries is one of the key outdoor furniture market dynamics and trends. Furthermore, the emergence of the middle class has enabled spending on the tourism sector. This has led to the increasing development of hotels, resorts, gardens, and open public spaces customised for mainly leisure purposes, consequently facilitating market growth.
Wood Furniture to be Highly Preferred for its Timeless Beauty and Long-Lasting Nature
Among the various outdoor furniture market opportunities, dealing with wood furniture is a significant one. Wood outdoor furniture is more favoured by consumers, both B2B and B2C, than other materials due to its timeless style, robust nature, and appeal. Wood has a classic appearance that goes well with many outdoor design aesthetics, from contemporary to rustic, and creates a comfortable, welcoming ambiance. Furthermore, with the right maintenance, premium timbers like teak or cedar have innate resistance to weather and pests, guaranteeing endurance. For instance, a teak dining set not only improves a patio's aesthetic appeal but also endures weather better than materials such as plastic or metal, which could need more regular upkeep or replacement. Wood is a popular option for discriminating customers because of its long-term value, aesthetic appeal, and durability, boosting the growth of the outdoor furniture industry globally.
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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61-448-061-727
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63-287-899-028, +63-967-048-3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84-865-399-124