Global Outdoor Furniture Market Size, Trends & Growth Opportunity, By Material (Metal, Plastic, and Wood), By Product (Tables, Chairs, Seating Sets, Loungers and Daybeds, and Dining Sets), By Region and Forecast till 2027.
Report ID : IR1001130 | Industries : Automotive and Transportation | Published On :May 2024 | Page Count : 254
Global Outdoor Furniture Market Size, Trends & Growth Opportunity, By Material (Metal, Plastic, and Wood), By Product (Tables, Chairs, Seating Sets, Loungers and Daybeds, and Dining Sets), By Region and Forecast till 2027.
Global Outdoor Furniture Market
The Global Outdoor Furniture Market is expected to grow from US$ 46.21 Billion in 2021 to US$ 66.54 Billion by 2027; it is estimated to grow at a CAGR of 6.27% from 2022 to 2027.
Market Overview
Outdoor furniture is specifically designed for outdoor use and this furniture are made from weather resistant materials in order to prevent corrosion. Outdoor furniture is classified into various types such as Tables, Chairs, Seating Sets, Loungers and Daybeds, and Dining Sets.
Market Drivers
Increase in preferences for free space in front yard & backyard lawns, artificial indoor gardens is the key driving factor which is expected to boost the global outdoor furniture market growth. Furthermore, rise in disposable income as well as urbanization will have the positive impact on market growth. Moreover, increase in customer attention toward enhancing outdoor spaces to create comfortable and appealing designs will fuel the market growth in near future.
Market Restraints
Since wood, plastic, metal, or any mix of these materials is used to make outdoor furniture, price fluctuations in the raw materials have a significant impact on production capacity. The majority of the industries that produce these materials are regarded as carbon negative or harmful to the ecosystem. The frequent mining and deforestation practises that go into their production give them these bad connotations. These actions are subject to strict rules and regulations, which drives up the cost of the material even more. All of these factors work against the outdoor furniture industry and restrain its expansion.
Impact of Covid-19
The lockdown regulations further prompted the closure of the hospitality sector, which resulted in very little demand. The residential sector was not producing any demand. Staying in influenced by COVID-19 led to consumers getting weary of their current furniture. Following the pandemic, individuals spent more because they had more money to spare. After the lockdown, home improvements and upgrades as well as tourists rose. As a result, the demand for outdoor furniture rose in both the business and residential sectors. Additionally, the popularity of social gatherings and parties has raised the demand for modern, fashionable furnishings and accent items. In conclusion, it has been noted that while the market suffered during the pandemic, this tendency reversed post-pandemic to spur growth in the outdoor furniture market.
Market segmentation
Segmentation By Material: Global Outdoor Furniture Market is segmented into material such as Metal, Plastic, and Wood. Wood is the material that is most frequently used to create furniture. Due to its benefits, including its use in both residential and commercial applications as well as its durability, comfort, and rich, natural appearance, wood had the largest market share.
Segmentation By Product: Global Outdoor Furniture Market is segmented into Product such as Tables, Chairs, Seating Sets, Loungers and Daybeds, and Dining Sets. The segment of Seating Sets had the largest market share of all outdoor furniture, and it is expected to grow at the fastest CAGR during the projection period. A set of tables and chairs called an outdoor dining set is intended for use outside. The product category that is expected to develop the fastest in the coming years is chairs.
Segmentation By End-user: Global Outdoor Furniture market is segmented into end user such as Residential and Commercial. The residential sector dominated the application section of the market examined and accounted for more than half of the total share of the market. The segment development over the anticipated period is being supported by rising household sales as well as rising usage of outdoor furniture for aesthetics and decor.
Segmentation By Region: Global Outdoor Furniture Market is segmented into five regions such as North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. During the forecast period, a healthy growth rate in terms of volume is expected for the Asia-Pacific outdoor furniture market. In nations like China, Malaysia, South Korea, Singapore, and India, international tourism is receiving a lot of focus.
Market Key Players
Various key players are discussed in this report such as Brown Jordan, Century Furniture, Forever Patio, Home Depot, Dedon Gloster furniture GmbH, Barbeques Galore, Keter, Agio International, and Winston Furniture.
Industrial Development
• Keter teamed up with Israeli thermoplastic material producer UBQ Materials in April 2021 to launch several product lines for eco-friendly garden products. By using 55% recycled material in its products, UBQ Materials will be able to achieve its goal of being sustainable thanks to this collaboration.
Market Taxonomy
By Material
• Metal
• Plastic
• Wood
By Product
• Tables
• Chairs
• Seating Sets
• Loungers and Daybeds
• Dining Sets
By End User
• Residential
• Commercial
By Region
• North America
• Latin America
• Europe
• Asia Pacific
• Middle East & Africa
Key Questions Addressed by the Report
• What are the Key Opportunities in Global Outdoor Furniture Market?
• What will be the growth rate from 2022 to 2027?
• Which segment/region will have highest growth?
• What are the factors that will impact/drive the Market?
• What is the competitive Landscape in the Industry?
• What is the role of key players in the value chain?
• What are the strategies adopted by key players?
Global Outdoor Furniture Market
1 Introduction
1.1 Objective of the Study
1.2 Market definition
1.3 Market Scope
2 Research Methodology
2.1 Data Mining
2.2 Validation
2.3 Primary Interviews
2.4 List of Data Sources
3 Executive Summary
4 Global Outdoor Furniture Market Outlook
4.1 Overview
4.2 Market Dynamics
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.3 Porters Five Force Model
4.4 Value Chain Analysis
5 Global Outdoor Furniture Market, By Material
5.1 Y-o-Y Growth Comparison, By Material
5.2 Global Outdoor Furniture Market Share Analysis, By Material
5.3 Global Outdoor Furniture Market Size and Forecast, By Material
5.3.1Metal
5.3.2 Plastic
5.3.3Wood
6 Global Outdoor Furniture Market , By Product
6.1 Y-o-Y Growth Comparison, By Product
6.2 Global Outdoor Furniture Market Share Analysis, By Product
6.3 Global Outdoor Furniture Market Size and Forecast, By Product
6.3.1 Tables
6.3.2 Chairs
6.3.3Seating Sets
6.3.4Longers and Daybeds
6.3.5Dining Sets
7 Global Outdoor Furniture Market, By End User
7.1 Y-o-Y Growth Comparison, By End User
7.2 Global Outdoor Furniture Market Share Analysis, By End User
7.3 Global Outdoor Furniture Market Size and Forecast, By End User
7.3. 1 Residential
7.3.2 Commercial
8 Global Outdoor Furniture Market, By Region
8.1 Global Outdoor Furniture Market Share Analysis, By Region
8.2 Global Outdoor Furniture Market Share Analysis, By Region
8.3 Global Outdoor Furniture Market Size and Forecast, By Region
9 North America Outdoor Furniture Market Analysis and Forecast (2022 – 2027)
9.1 Introduction
9.2 North America Outdoor Furniture Market Share Analysis, By Material
9.3 North America Outdoor Furniture Market Size and Forecast, By Product
9.4 North America Outdoor Furniture Market Size and Forecast, By End User
9.5 North America Outdoor Furniture Market Size and Forecast, By Country
9.5.1 U.S.
9.5.2 Canada
9.5.3 Mexico
10 Europe Outdoor Furniture Market Analysis and Forecast (2022 – 2027)
10.1 Introduction
10.2 Europe Outdoor Furniture Market Share Analysis, By Material
10.3 Europe Outdoor Furniture Market Size and Forecast, By Product
10.4 Europe Outdoor Furniture Market Size and Forecast, By End User
10.5 Europe Outdoor Furniture Market Size and Forecast, By Country
10.5.1 Germany
10.5.2 France
10.5.3 UK
10.54. Rest of Europe
11 Asia Pacific Outdoor Furniture Market Analysis and Forecast (2022 – 2027)
11.1 Introduction
11.2 Asia Pacific Outdoor Furniture Market Share Analysis, By Material
11.3 Asia Pacific Outdoor Furniture Market Size and Forecast, By Product
11.4 Asia Pacific Outdoor Furniture Market Size and Forecast, By End User
11.5 Asia Pacific Outdoor Furniture Market Size and Forecast, By Country
11.5.1 China
11.5.2 Japan
11.5.3 India
11.5.4. Rest of Asia Pacific
12 Latin America Outdoor Furniture Market Analysis and Forecast (2022 – 2027)
12.1 Introduction
12.2 Latin America Outdoor Furniture Market Share Analysis, By Material
12.3 Latin America Outdoor Furniture Market Size and Forecast, By Product
12.4 Latin America Outdoor Furniture Market Size and Forecast, By End User
12.5 Latin America Outdoor Furniture Market Size and Forecast, Country
13 Middle East Outdoor Furniture Market Analysis and Forecast (2022 – 2027)
13.1 Introduction
13.2 Middle East Outdoor Furniture Market Share Analysis, By Material
13.3 Middle East Outdoor Furniture Market Size and Forecast, By Product
13.4 Middle East Outdoor Furniture Market Size and Forecast, By End User
13.5 Middle East Outdoor Furniture Market Size and Forecast, By Country
14 Competitive Analysis
14.1 Competition Dashboard
14.2 Market share Analysis of Top Vendors
14.3 Key Development Strategies
15 Company Profiles
15.1 Brown Jordan
15.1.1 Overview
15.1.2 Offerings
15.1.3 Key Financials
15.1.4 Business Segment & Geographic Overview
15.1.5 Key Market Developments
15.1.6 Key Strategies
15.2 Century Furniture
15.2.1 Overview
15.2.2 Offerings
15.2.3 Key Financials
15.2.4 Business Segment & Geographic Overview
15.2.5 Key Market Developments
15.2.6 Key Strategies
15.3 Forever Patio
15.3.1 Overview
15.3.2 Offerings
15.3.3 Key Financials
15.3.4 Business Segment & Geographic Overview
15.3.5 Key Market Developments
15.3.6 Key Strategies
15.4 Home Depot
15.4.1 Overview
15.4.2 Offerings
15.4.3 Key Financials
15.4.4 Business Segment & Geographic Overview
15.4.5 Key Market Developments
15.4.6 Key Strategies
15.5 Dedon Gloster furniture GmbH
15.5.1 Overview
15.5.2 Offerings
15.5.3 Key Financials
15.5.4 Business Segment & Geographic Overview
15.5.5 Key Market Developments
15.5.6 Key Strategies
15.6 Barbeques Galore
15.6.1 Overview
15.6.2 Offerings
15.6.3 Key Financials
15.6.4 Business Segment & Geographic Overview
15.6.5 Key Market Developments
15.6.6 Key Strategies
15.7 Agio International
15.7.1 Overview
15.7.2 Offerings
15.7.3 Key Financials
15.7.4 Business Segment & Geographic Overview
15.7.5 Key Market Developments
15.7.6 Key Strategies
15.8 Winston Furniture
15.8.1 Overview
15.8.2 Offerings
15.8.3 Key Financials
15.8.4 Business Segment & Geographic Overview
15.8.5 Key Market Developments
15.8.6 Key Strategies