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Outdoor Furniture Market is segmented By Product Type (Tables, Chairs, Dining Sets), By Material Type (Wood, Plastic, Metal), By Sales Channel (Retail Stores, Direct-to-consumer, Manufacturer Store, and Ecommerce store), By Geographic Scope and Forecast 2022-2027

Published: March, 2022
ID: 12892
Pages: 175
Formats: report pdf report excel report power bi report ppt

Outdoor Furniture Market Size & Growth 2022-2027:

The outdoor furniture market is valued at US$ 19.06 Billion in 2021 and is anticipated to increase to US$ 23.32 Billion by 2027, with a growing CAGR of 5.25% in the next six years.

Outside furniture is comprised of weather-resistant materials that assist to prevent corrosion and is intended exclusively for outdoor usage. Tables, Chairs, dining sets, seating sets, loungers, and daybeds are all examples of outdoor furniture. Outdoor furniture's main goal is to provide sufficient comfort and aesthetics. Weather-resistant materials, such as rustproof aluminum, are commonly used. The materials used in the construction of this furniture differ based on region and pricing. Because outdoor furniture is meant for usage in outdoor environments, external factors such as cold, rain, as well as sun, should be addressed while designing it. Outdoor furniture is primarily acquired to enhance the comfort and aesthetics of outdoor spaces. The most common furniture is large tables and comfy seats. A modest stone patio may also be transformed into an outdoor eating area. Furthermore, outdoor furniture does have the capacity to draw clients to outside gardens or terraces. Because of its ability to resist a variety of climatic conditions, the global Outdoor Furniture Market is expected to grow throughout the projected period.

Manufacturers of outdoor furniture are attempting to improve their goods by adding a range of colors, textures, and accessories. Indoor furniture is being pushed out in favor of furniture created exclusively for outdoor use. So even though they withstand moisture, mildew, and discoloration, solution-dyed acrylic as well as spinning polyester was two popular material choices. Most outdoor products constructed of these materials will also resist fading.

Outdoor Furniture Market Drivers:

Due to the rising demand for various outdoor furniture goods from commercial sectors such as workplaces, clubs, and others, the Global Outdoor Furniture Market is expected to grow. Consumer spending on leisure activities such as travel has increased dramatically. The rising popularity of visiting beach locations, hill stations, attractive spots, and historical monuments has resulted in a spike in the number of guesthouses, hotels, outdoor spaces, and public gardens. This stimulates restaurants and hotels to invest in outdoor furniture, which is projected to grow the market. Furthermore, as consumers' economic option of spending on recreation as well as adventure grows, so does their expenditure on outdoor furniture inside the residential sector. Furthermore, growing consumer demand for a lavish lifestyle, as well as increased use of environmental furnishings including wood and textile, is expected to fuel market growth. Many house owners are concentrating on making their residential gardens and balconies more appealing by installing nice seating places. The weather outside has a big impact on the furniture you choose.

Outdoor Furniture Market Restraints:

Outdoor furniture is accessible at a price that is out of reach for the majority of clients. With excellent quality comes a premium price that not everyone can afford. As a result, this pricing is one issue that might stifle market expansion. Also, meeting clients' specific requirements is a big problem that the competitors still are striving on. Another issue that might hinder the growth of the outdoor furniture industry is client contentment with perfection.

OUTDOOR FURNITURE MARKET REPORT COVERAGE:

REPORT METRIC

DETAILS

Market Size Available

2021– 2027

Base Year

2021

Forecast Period

2022 - 2027

CAGR

5.25%

Segments Covered

  • By Product Type

  • By Material Type

  • By Sales Channel

  • By Region 

Various Analyses Covered

Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities

Regions Covered

  • North America: United States, Mexico, Canada
  • Europe: United Kingdom, Germany, Italy, France
  • Asia Pacific: Australia, Canada, China
  • Latin America: Argentina, Brazil, Chile
  • The Middle East and Africa: Egypt, Iran, Iraq, Israel

Market Leaders Profiled

Aura Global Furniture, Inter Ikea Group, Ashely Industries, Kimball International, Brown Jordan, Barbeques Galore, Keter Group, Agio International Company Limited, Lloyd Flanders, Ace Hardware Corporation.

Market Segmentation:

Outdoor Furniture Market By Product Type:

  • Tables

  • Chairs

  • Dining Sets

The Dining Sets category accounted for the largest proportion of the Outdoor Furniture Market and it is expected to grow at the quickest CAGR during the forecast period. Outdoor Dining Sets are indeed a set of tables and chairs that are meant to be used outside. Chairs are the fastest-growing product sector, with growth expected in the next years.

Outdoor Furniture Market By Material Type:

  • Wood

  • Plastic

  • Metal

 Wood is expected to be the dominant one in this segment, because of its obvious benefits such as comfort, durability, and a rich and natural look, wood held the largest market share with the biggest share. Wood is employed both in residential applications as well as non-residential applications. 

Outdoor Furniture Market, By Sales Channel:

  • Retail Stores

  • Direct-to-consumer

  • Manufacturer Store

  • Ecommerce store

The Ecommerce store segment is said to be the dominant one in the global outdoor furniture market. E-Commerce Stores will be critical to a company's ability to obtain a competitive advantage. IKEA, Home Center, Urban Ladder, and Pepper fry, for example, are fast-increasing E-Commerce platforms that offer furniture online. Organizations should start selling their goods through these channels in order to thrive within the industry in the coming years. To optimize quality and gain a competitive edge over their competitors, leading corporations provide their goods according to their own websites & have their own supply chain operations.

Outdoor Furniture Market Report includes the segmentation of Regions:

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

The North America region holds the largest share of the global outdoor furniture market. The cause for this is due to the city's dense population and increased demand for high-end items this, is a result of a trend toward improved living circumstances and an increase in demand for attractive outdoor areas Because of the continent's high levels of disposable income as well as changing lifestyles, the tourist industry is booming, boosting the demand for outdoor furniture even more. Furthermore, the growing refurbishment industry and the creation of new enclosed areas are lubricating market expansion. Furthermore, the use of wood in the production of outdoor furniture provides an environmentally favorable choice for environmentally aware consumers, hence accelerating market growth.

Asia Pacific region holds the second larger share in the global outdoor furniture market. Furthermore, factors such as increased development projects, urbanization, and an increase in the disposable income of buyers within the APAC region are all contributing to the market's growth. Furthermore, increased tourism in nations like India, Singapore, Malaysia, and others is one of the major factors driving this region's market growth.

Because of favorable climatic conditions for wood development, Europe will now be the third-largest market throughout the projection period. Another factor for the expansion of the outdoor furniture business is the availability of processed wood, particularly in nations like the United Kingdom, France, Italy, and Sweden.

Impact of COVID-19 (Outdoor Furniture Market):

Due to the epidemic, the government will be forced to apply a variety of limitations, including permanent as well as temporary lockdowns, temporary suspensions of foreign travel prohibition, and limits on the market's critical and non-essential services. Businesses suffer even more as a result of this, even though they are still unable to create and manufacture while still complying with the global supply chain structure. In addition, labor scarcity is having an influence on the economy and limits the market's ability to produce.

One of the key reasons for the survival of the outdoor furniture business is the continued environmental trends combined with a rising focus on the relevance of the house. Consumer demand to upgrade their living space is expected to expand in the post-COVID-19 era. Nearly half the population was compelled to stay at home because to the COVID-19 epidemic, resulting in several employees working at home and people studying online. More individuals are deciding to renovate outdoor areas, terraces, and backyards for more comfort in order to conduct work and educational tasks at home comfortably.

Recent Developments:

23rd November 2021: Yardbird, an outdoor furniture brand, has been acquired by Best Buy. Best Buy Co. Inc. has purchased a local outdoor furniture brand to its portfolio as part of its ongoing effort to diversify its product offerings beyond electronics. Yardbird is a firm established in St. Louis Park that specializes in high-end, environmentally-friendly outdoor furniture, such as dining sets, lounge chairs, fire tables, and accessories. Yardbird will continue to offer its own assortment of outdoor furniture on its website, and Best Buy expects to start selling Yardbird goods online in the coming months.

16th September 2021: Outer, a D2C outdoor furniture manufacturer, has raised $50 million in Series B investment to help it expand and explore new materials. Outer, a Santa Monica-based direct-to-consumer (D2C) outdoor furniture firm, announced today that it has received $50 million in Series B investment to assist more people across the world is returning to the outdoors.

Outdoor Furniture Market Key Players:

The key players in the Outdoor Furniture Market are:

  • Aura Global Furniture
  • Inter Ikea Group
  • Ashely Industries
  • Kimball International
  • Brown Jordan
  • Barbeques Galore
  • Keter Group
  • Agio International Company Limited
  • Lloyd Flanders
  • Ace Hardware Corporation

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FAQ's

What is the expected value and CAGR of the global outdoor furniture market?

The value is anticipated to increase at US$ 25.20 Billion by 2027, with a growing CAGR 5.1% in the term 2022-2027.

What are the dominant countries in the geography section of the global outdoor furniture market?

North America accounted for the largest share, next is APAC and the last is the Europe in the outdoor furniture market

Which organizations are leading the global outdoor furniture market industry?

Leading players in the global outdoor furniture market include Agio International Company, Brown Jordan International, and Centure Furniture, among others

What are the challenges that are facing by the global outdoor furniture market?

Expensive rate which cannot be afforded by all the customers. With high quality there comes a high price which cannot be paid by everyone is the challenge faced by the market.

What is the boosting factor in the whole global outdoor furniture market?

Increasing disposable income of consumers is likely to be the major driver for the outdoor furniture market.

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