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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Outdoor Furniture Market Size
The global outdoor furniture market is expected to grow in the forecast period of 2024-2032 at a CAGR of 5%.
Global Outdoor Furniture Market Outlook
- As per industry reports, Ace Hardware Corporation earned an annual revenue mark of USD 9.13 billion in FY2023, with 6% B2B sales growth.
- Various furniture companies are using augmented reality (AR) to give consumers a more personalised shopping experience.
- In FY23, IKEA's expansion concentrated on improving customer accessibility in current IKEA markets. IKEA stores have launched over 70 customer meeting points throughout the world.
- FarEye collaborated with Indian retail store Pepperfry to ease out last-mile delivery, especially for oversized items requiring installations.
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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