Outdoor Furniture Market

Global Outdoor Furniture Market Size (2024 to 2029)

The size of the global outdoor furniture market is expected to be worth USD 22.50 Billion in 2024 and USD 30.12 Billion by 2029, growing at a CAGR of 6.01% from 2024 to 2029.

MARKET DRIVERS

The growing interest in outdoor living spaces is a major factor prompting the demand for outdoor furniture and driving the global market growth.

Outdoor furniture that not only complements the natural surroundings but also offers comfort and functionality. This market trend reflects a shift towards creating strong and stylish outdoor products and fuelling innovation in weather-resistant materials and design. As people are investing more in their outdoor areas, the outdoor furniture market growth is rising and offering wide options to meet the diverse preferences of consumers to make the most of their outdoor living spaces.

The rapid growth of the outdoor furniture market is further driven significantly by economic factors. When the economy is stable and people have money to spare, they tend to buy outdoor furniture more, which tends to rise in market share. Also, homeowners and consumers alike are more willing to allocate resources to transform their outdoor spaces into comfortable and stylish retreats. Therefore, when the economy is good, the outdoor furniture market demand usually does well as more people can afford to invest in making their outdoor areas comfortable and enjoyable.

MARKET RESTRAINTS

Raw material costs pose a significant restraint in the outdoor furniture market by influencing product pricing and manufacturer profitability. Variations in the supply and demand of materials like wood, metal, and synthetics can lead to price fluctuations. Manufacturers must carefully manage these cost variations while maintaining product quality and competitive pricing to maintain market demand. Moreover, the ability to source sustainable and eco-friendly materials is becoming increasingly important as consumers and regulations prioritize environmentally responsible practices in the outdoor furniture sector.

Impact of COVID-19 on the Outdoor Furniture Market

The COVID-19 pandemic had a dual impact on the outdoor furniture market. During the initial phases of the pandemic, lockdowns and economic uncertainty led to a decline in consumer spending, causing a slowdown in market share. Also, manufacturing and supply chain disruptions resulted in delayed deliveries and product shortages. However, slowly, as people spent more time at home and outdoor spaces for relaxation and social distancing, there was a surge in market demand for outdoor furniture. This boosted sales of items like patio sets, loungers, and fire pits. Also, the emphasis on creating comfortable and functional outdoor spaces has led to a sustained interest in outdoor furniture, with many consumers continuing to invest in these products even as pandemic restrictions ease.

REPORT COVERAGE

SEGMENTAL ANALYSIS

Global Outdoor Furniture Market By Product Type

The dining sets segment holds a dominant position in the global outdoor furniture market.

Consumers often prioritize having a comfortable and functional dining area in their outdoor spaces, making dining sets a popular choice. Additionally, dining sets come in various styles, materials, and sizes, allowing for customization to suit different outdoor environments and customer preferences. The outdoor chairs segment also holds a significant share of the global outdoor furniture market as chairs offer flexibility in terms of arrangement and can be paired with other outdoor furniture items like tables to create a personalized outdoor seating area.

The tables segment is anticipated to occupy a considerable share of the global market in the coming years. Tables are also essential components of outdoor dining sets as they are versatile and can be used in different outdoor settings, from small balconies to large patios.

Global Outdoor Furniture Market By Material Type

The plastic outdoor furniture segment is expected to grow at a faster CAGR during the forecast period due to its affordability and low maintenance requirements.

The woods segment leads the outdoor furniture market due to its natural beauty and classic appeal to consumers. It provides a warm and inviting look to outdoor spaces, which leads to market demand. Also, plastic furniture is budget-conscious and is available in various colors and designs, making it a versatile choice. The metal segment is anticipated to have prominent growth opportunities in the coming years.

Global Outdoor Furniture Market By Sales Channel

Physical stores allow customers to see, touch, and test the furniture before making a purchase.

The E-commerce or online retail segment is estimated to account for the major share of the global outdoor furniture market during the forecast period. E-commerce stores allow customers to shop full-time from the comfort of their homes, and the items will be delivered to their doorstep.

The retail store segment holds the second-largest share of the global market. Retail stores often provide personalized assistance from sales associates, which can be helpful for customers seeking guidance on product selection.

The direct-to-consumer segment is anticipated to grow at a healthy CAGR during the forecast period. Direct-to-consumer allows manufacturers to have more control over the customer experience and product quality. Also, this channel eliminates the need for intermediaries like retailers and can offer competitive pricing.

The manufacturers segment is predicted to hold a considerable share of the worldwide market during the forecast period. Manufacturers stores operate their own retail stores or showrooms, providing customers with the opportunity to purchase products directly from the source. These stores offer a wide range of products from the manufacturer's list and can showcase the brand's design aesthetics and quality.

REGIONAL ANALYSIS

North America is dominating the outdoor furniture market due to its high level of disposable income, culture of outdoor living, and a growing trend of creating comfortable outdoor spaces.

Also, North American consumers prioritize quality, durability, and aesthetic appeal when it comes to outdoor furniture and driving the market demand for a wide range of outdoor furniture products. The region's well-established furniture industry and the presence of leading manufacturers contribute to its dominant position in the global outdoor furniture market.

Asia-Pacific holds the second-largest share of the worldwide market.

The growth of the APAC outdoor furniture market is majorly driven by rising urbanization, an expanding middle class, and increased disposable incomes, which have led to more significant investment in outdoor spaces and outdoor furniture.

Europe accounted for a substantial share of the global market in 2022 and is expected to grow at a prominent CAGR during the forecast period.

In Europe, people are particular with favorable climates and have a strong tradition of outdoor living, dining, and recreational activities. This cultural emphasis on outdoor spaces and a focus on design and sustainability fuels the market demand for high-quality outdoor furniture.

The Middle East and Africa showcase a steady CAGR due to the expanding hospitality and tourism sectors, which require outdoor furniture for hotels, resorts, and outdoor dining establishments. The region's climate, with long periods of sunny weather, encourages outdoor activities and the use of outdoor furniture.

Latin America is expected to showcase a notable CAGR in the coming years due to its tropical and subtropical climates.

Countries in this region, such as Brazil and Mexico, have a strong tradition of outdoor living, with outdoor spaces serving as extensions of homes. This cultural rise, along with economic growth, contributes to the market demand for outdoor furniture.

KEY MARKET PLAYERS

Companies such as Aura Global Furniture, Inter Ikea Group, Ashely Industries, Kimball International, Brown Jordan, Barbeques Galore, Keter Group, Agio International Company Limited, Lloyd Flanders and Ace Hardware Corporation are playing a dominating role in the global outdoor furniture market.

RECENT HAPPENINGS IN THE MARKET

• In 2021, Brown Jordan introduced outdoor furniture collections that seamlessly blend indoor and outdoor living spaces, emphasizing comfort, style, and durability. The company continued to collaborate with renowned designers to create high-end outdoor furniture lines.
• In 2021, IKEA continued to focus on sustainable outdoor furniture offerings by introducing products made from recycled materials, such as plastic waste collected from oceans. The company expanded its range of space-saving and modular outdoor furniture designed for urban living.
• In 2023, Gloster Furniture focused on sustainable manufacturing practices by using responsibly sourced teak and promoting recyclability in its products. The company launched collections with innovative design features, including built-in lighting and integrated technology.
• In 2023, KETTLER expanded its range of weather-resistant outdoor furniture designed for residential and commercial use. The company highlighted ergonomic designs and functional features in its product offerings.

DETAILED SEGMENTATION OF THE GLOBAL OUTDOOR FURNITURE MARKET INCLUDED IN THIS REPORT

This research report on the global outdoor furniture market has been segmented and sub-segmented based on product type, material type, sales channel, and region.

By Product Type

• Tables
• Chairs
• Dining Sets

By Material Type

• Wood
• Plastic
• Metal

By Sales Channel

• Retail Stores
• Direct-To-Consumer
• Manufacturer Store
• E-Commerce Store

By Region

• North America
• Europe
• Asia Pacific
• Latin America
• The Middle East and Africa