Author: Vikas Kumar
14 January 2023
The global outdoor furniture market is expected to register a CAGR of approx. 6% over the period of 2022-2028. Outdoor furniture is primarily used to add comfort and pleasure to balcony spaces, and it is built to withstand extreme weather conditions such as heat, cold, and rain. Such products are multi-functional and low maintenance, adding to the appeal of home spaces such as gardens, lawns, and backyards. Its ability to withstand varying climatic conditions, as well as its ability to resist corrosion, fading, water exposure, and fixture and fitment wear and tear, leads to an increase in demand for such products in residential and commercial spaces. The growing demand for outdoor furniture can be attributed to the increased demand for various outdoor furniture products from commercial sectors such as offices, clubs, etc. For instance,January 2019: Bernhardt Furniture launched 50 high-quality and comfortable luxury designs of sofas, dining tables, and chairs suitable for the entire lawn space, terrace, and patio. Moreover, the increasing demand for aesthetic appealing furniture and the increasing per capita income of consumers is fueling the demand for outdoor furniture. Furthermore, due to changing consumer preferences, outdoor furniture is highly used in gardens, conferences etc. are expected to drive the market for outdoor furniture market in the coming years.
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Based on the product, the outdoor furniture market is segmented into tables, chairs, dining sets, loungers & daybeds, and others. The tables segment accounted for a significant market share, and it is estimated that it will grow rapidly during the projected timeframe due to the growing prevalence of remote working conditions that demand greater consumption of tables across households. Due to the small size of the tables, which enable users to use their devices to work from public areas like terraces and balconies, the segmental growth for tables has increased.
Based on the material, the market is fragmented into metal, plastic, wood, and textile. The wood segment grabbed a considerable market share, and it is expected to grow at a significant CAGR during the forecast period because of its durability and low maintenance requirements The waterproof and insect-repellent properties of woods like Mahogany, Teakwood, Acacia wood, and Cedar are widely used in the creation of this upholstery. The wooden material is inexpensive and ideal for creating essential outdoor and indoor.
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For a better understanding of the market adoption of the outdoor furniture market, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom, and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. The Asia Pacific constitutes a major market for the outdoor furniture industry owing to the increasing popularity of various furniture products among consumers, increasing construction projects, urbanization, and the rise in disposable income of the consumers in this region.
Some of the major players operating in the market include Dedon, Unopiu, Ace Hardware, Steelcase, Herman Miller Inc., Ashley Furniture Industries, Sun Garden GmbH, IKEA, Tuuci, Century Furniture.
Global Outdoor Furniture Market Segmentation
Market Insight, by Product
Market Insight, by Material
Market Insight, by End-User
Market Insight, by Sales Channel
Market Insight, by Region
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