CAGR: 6%Current Market Size: USD 17.6 BillionFastest Growing Region: APAC
Largest Market: North AmericaProjection Time: 2023-2030Base Year: 2022
The global outdoor furniture market is expected to grow from USD 17.6 billion in 2022 to USD 28.05 billion by 2030, at a CAGR of 6% during the Projection period 2023-2030. The growth of this market is mainly driven owing to the rising urbanization.
Outdoor furniture is built of weather-resistant materials that help prevent corrosion and is specifically made for outdoor use. Outdoor furniture comes in a variety of styles, including chairs, seating groups, tables, dining sets, loungers, and daybeds. The primary function of outdoor furniture is to provide suitable comfort and decoration. Typically, they are constructed of weatherproof materials like rust-free aluminium. Depending on the region and cost, different materials are employed to create this furniture. Due to the fact that outdoor furniture is meant to be used in outdoor locations, environmental elements like sun, rain, and cold should be taken into account when designing it. The comfort and features of outdoor settings are improved primarily by the purchasing of outdoor furniture. The most common furniture items are big tables and cosy chairs. Additionally, a straightforward stone patio can be transformed into an outdoor eating space. Additionally, outdoor furniture has the power to increase the customer appeal of outdoor terraces or gardens. Due to its ability to resist a variety of climatic conditions, the global market for outdoor furniture is anticipated to grow over the Projection period. Manufacturers of outdoor furniture are attempting to improve their products by adding a variety of colours, textures, and accessories. Furniture made expressly for outdoor usage is replacing the earlier practise of using indoor furniture outside. Spun polyester and solution-dyed acrylic are two popular types of material because they are stain, mould, and moisture resistant. If they are made of such materials, the majority of outdoor objects will likewise resist fading. Additionally, homeowners with backyards and establishments with outdoor areas may add a cosy seating area by installing an outdoor carpet.
Sample Request: - Global Outdoor Furniture Market
Market Dynamics:
Drivers:
Increasing urban dwellers in emerging economies, changing lifestyles of the growing population, have all contributed to urbanization. A number of vital and major factors, including the expanding tourism industry around the globe, are Projection to cause the outdoor furniture market to grow during the Projection period. Outdoor dining in gardens, social gatherings, etc., events are all expected to contribute to the growth of the outdoor furniture market.
Restraints:
High cost of furniture is hampering the growth of the market. The rising demand for comfortable and trendy furniture among the consumers are forcing the manufacturers to make such outdoor furniture. The advancements in furniture is directly resulting in high cost of furniture which is proven to be a restraining factor for the market growth.
Opportunities:
Due to its ability to withstand a variety of climates, outdoor furniture is in demand. The design of outdoor furniture makes it ideal for outdoor living spaces that are designed to withstand hot and humid temperatures. Consumers are seeking it because of its ability to be used in outdoor gardens or terraces and make outdoor living spaces more aesthetically pleasing.
Challenges:
Lack of skilled labour is creating so many challenges for the outdoor furniture market. For the key players of the market it is becoming difficult to cope with rising demands from the consumers segment due to unskilled labour, this is eventually hampering the growth of the market.
Segmentation Analysis:
The global outdoor furniture market has been segmented based on product material, distribution channel, and region.
By Material
The material segment includes Wood, Plastic and Metal. The wood segment led the largest share of the outdoor furniture market with a market share of around 46% in 2022. There is a high likelihood that the wood furniture segment will remain dominant over the Projection period, largely because of its robustness, improved comfort, and aesthetic appeal. As one of the most widely used raw materials for furniture manufacturing worldwide, wood is one of the most popular. Wooden outdoor furniture is lightweight, strong, and has an attractive, natural appearance, making it an ideal material for outdoor furniture.
By Type
The type segment includes dining sets, chairs, tables and others. The tables segment led the largest share of the outdoor furniture market with a market share of around 31% in 2022.With remote working becoming more common in households, the demand for tables will increase, thereby causing the tables segment to continue to grow and hold a dominant market share. The tables are available in compact sizes, allowing the users to work from common spaces such as balconies and terraces. They are portable and spacious enough to load several items for outdoor work.
By Distribution Channel
The distribution channel segment includes residential and non-residential. The residential segment led the largest share of the outdoor furniture market with a market share of around 59% in 2022. Residential segment growth is influenced by population growth, per capita income increases, westernization, and shifting lifestyles, along with customer focus shifting to creating more aesthetically pleasing and comfortable outdoor areas, which in turn is contributing to industry growth. In many nations, rising income levels are spurring product sales in the residential market.
Global Outdoor Furniture Market- Sales Analysis.
The sale of outdoor furniture expanded at a CAGR of 5.7% from 2016 to 2022.
The ability of outdoor furniture to resist various climatic conditions is driving up demand for it. Outdoor furniture gives outdoor living spaces a fresh look and décor while being built to resist hot, humid weather. Consumer demand is driven by its ability to be employed in outdoor gardens or terraces and create aesthetically beautiful outdoor living spaces.
The capacity of outdoor furniture to withstand harsh climatic conditions, including rain, protection from insects, dust, solid particles, and resistance to frigid temperatures have encouraged more people to buy outdoor furniture. As a result, there is a demand for high-quality outdoor furniture. Additionally, there is a considerable need for outdoor furniture made of upholstery fabrics, teak wood, eucalyptus, and premium metals to adorn outdoor spaces.
Manufacturers are responding to consumer demands by creating outdoor furniture resistant to acids, termites, and rot. The type of wood used and the presence of natural oils prevent moisture and pests from destroying the structural integrity of the wood. Manufacturers use teak wood to create outdoor furniture, which needs little upkeep even if unprotected outside. Demand is being driven by the ability of teak outdoor furniture to be restored to its original warm brown tones with light sand and polish.
Thus, owing to the aforementioned factors, the global outdoor furniture market is expected to grow at a CAGR of 6% during the Projection period from 2023 to 2030.
By Regional Analysis:
The regions analyzed for the outdoor furniture market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. The North American region dominated the outdoor furniture market and held a 38.5% share of the market revenue in 2022.
Global Outdoor Furniture Market - Country Analysis:
Germany's outdoor furniture market size was valued at USD 1.36 billion in 2022 and is expected to reach USD 2.18 billion by 2030, at a CAGR of 6.1% from 2023 to 2030.
Revenue is expected to increase as commercial construction activities grow and residential building demand increases. Outdoor furniture industry growth is strongly supported by high disposable incomes, an ageing population, and a willingness to spend on luxury furniture within the country. Senior citizens in the country are increasing their demand for high-end outdoor furniture, which is fueling the market.
China’s outdoor furniture market size was valued at USD 1.7 billion in 2022 and is expected to reach USD 2.8 billion by 2030, at a CAGR of 6.5% from 2023 to 2030.
The rapid urbanization and rising popularity of outdoor leisure spaces are contributing to the growth of the outdoor furniture market in China.
India's outdoor furniture market size was valued at USD 1.38 billion in 2022 and is expected to reach USD 2.26 billion by 2030, at a CAGR of 6.4% from 2023 to 2030.
A growing market for outdoor furniture in India is driven by furniture sales in the Asia-Pacific region. Increased international tourism in India drives international outdoor furniture sales. Increasing investments in public spaces, parks, sports arenas, and other areas and government initiatives to promote open space use may further lead to an increase in demand for outdoor furniture.
Key Industry Players Analysis:
To increase their market position in the global outdoor furniture market business, top companies focus on tactics such as adopting new technology, mergers & acquisitions, product developments, collaborations, partnerships, joint ventures, etc.
Latest Development:
Report Metrics
Report Attribute |
Details |
Study Period |
2022-2030 |
Base year |
2022 |
CAGR (%) |
6% |
Market Size |
17.6 billion in 2022 |
Projection period |
2023-2030 |
Projection unit |
Value (USD) |
Segments covered |
By Material, By Type, By Distribution Channel, and By Region. |
Report Scope |
Revenue Projection, competitive landscape, company ranking, growth factors, and trends |
Companies covered |
Ashley Furniture Industries, Barbeques Galore, Herman Miller, Inc., Agio International Company, Kimball International, Aura Global Furniture, Keter Group, Alfresco Home LLC, Outdoor India, Homecrest, La-Z-Boy Incorporated, Hartman UK, Brown Jordan Company, and Plaisir du Jardin. |
By Material |
|
By Type |
|
By Distribution Channel |
|
Regional scope |
|
Scope of the Report
Global Outdoor Furniture Market by Material:
Global Outdoor Furniture Market by Type:
Global Outdoor Furniture Market by Distribution Channel:
Global Outdoor Furniture Market by Region:
Global outdoor furniture market is expected to reach USD 28.05 billion by 2030, at a CAGR of 6% from 2023 to 2030.
Rapid urbanization and ability to withstand extreme climatic conditions.
Leading players in the outdoor furniture market are Ashley Furniture Industries, Barbeques Galore, Herman Miller, Inc., Agio International Company, Kimball International, Aura Global Furniture, Keter Group, Alfresco Home LLC, Outdoor India, Homecrest, La-Z-Boy Incorporated, Hartman UK, Brown Jordan Company, Plaisir du Jardin among others.
North American region will witness more growth in the outdoor furniture market.
Political Factors- outdoor furniture markets should carefully examine pressure group, social/environment, and labour union protests as they have a significant impact on how policies are made. Close cooperation with these organisations may improve the outdoor furniture market for community engagement and the accomplishment of long-term company objectives. Additionally, a well-developed governance structure and a democratic political climate improve the business climate for multinational corporations like the outdoor furniture market. The business climate is badly impacted by bureaucracy and corruption. the outdoor furniture market in nations with high levels of corruption and lax law enforcement make the business environment more uncertain due to the weakened public confidence in corporate institutions and the entire political and economic system.
Economic Factors- Organizational performance is directly impacted by a nation's economic development. Growing economies present the outdoor furniture market with numerous prospects for expansion. In a similar vein, it's critical to comprehend the stage of the industrial lifecycle. Due to market saturation, entering mature sectors might be more difficult than entering businesses in the growth stage. Additionally, the amount of money invested on essential infrastructure development by the government of the host country has an impact on the outdoor furniture market's financial success. The business climate is made easier by a well-developed infrastructure, which also boosts the gold industry's growth potential in the respective nation. The ability of the outdoor furniture market to implement its long-term growth goals will depend on the GDP growth rate. A high GDP also indicates that consumers are able to spend more money on the goods being offered.
Social Factors-To align its marketing and communication strategies with the roles historically given to men and women, the outdoor furniture market must conduct research on this topic. Traditional, patriarchal civilizations with clearly defined gender roles will have different marketing and human resource tactics than societies with fewer gender preconceptions. International marketing managers value culture as a key variable. Every civilization has unique norms and values that are crucial in determining how people behave as consumers. outdoor furniture markets should establish local alliances and teams to better understand local opinions and social mores in order to design marketing plans that are tailored to each individual cultural setting.
Technological Factors- To keep ahead of the competition, the outdoor furniture market needs carefully analyse the ongoing technical developments. The potential for the 5G to improve business outcomes through improved user experience, better speed, and increased access should be closely monitored. Such technological advancements have the power to fundamentally alter a sector and rewrite the guidelines for market participants' success. Additionally, it's crucial to take into account the technology's state of development and maturity in the relevant industry. By entering sectors where technology is still in its infancy, outdoor furniture market can grow its market share by concentrating on new technological developments.
Environmental Factors- The use of green/eco-friendly items is becoming more popular. outdoor furniture market can seize the chance and implement green business strategies to gain the confidence of stakeholders. Priorities for product innovation are changing as a result of regulatory organisations' emphasis on ensuring conformity with environmental standards. outdoor furniture market must put greater emphasis on selling their products' environmental friendliness rather than on their usual value propositions. outdoor furniture market may face criticism from the media, environmental organisations, customers, and the general public if it uses excessive amounts of its resources. To determine which resources (such as water, energy, etc.) are uncommon or which species are endangered, the outdoor furniture market must research the country in question's specific environmental rules.
Legal Factors- As certain nations have severe requirements to maintain labour safety, the outdoor furniture market must abide by the laws governing employee/labor health and safety. The outdoor furniture market has an ethical and moral duty to give its employees a safe working environment. Similarly, anti-discrimination laws (such as equal employment opportunity laws) also need to be carefully considered when developing human resource practices as discriminatory lawsuits against employers harm the organizational image and affect organizations' capacity to attract and retain talent.
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