[219+ Pages Report] According to Facts and Factors, the global outdoor furniture market size was valued at USD 15.9 billion in 2021 and is predicted to increase at a CAGR of 5.7% to USD 22.17 billion by 2028. The study examines the market in terms of revenue in each of the major regions, which are classified into countries.
Outdoor furniture is furniture that is used in outdoor applications such as public spaces, gardens, porches, terraces, etc. This furniture is different than regular furniture as it has to withstand a harsh outdoor environment. Increasing tourism and hospitality industries are propelling demand for outdoor furniture as they are widely used in tourist spots and hotels to enhance the experience of travelers. Increasing international travel and paradigm shift in consumer preferences will influence the outdoor furniture market potential over the forecast period.
The rising use of outdoor furniture in multiple residential applications and the increasing disposable income of the general population will provide new opportunities for outdoor furniture manufacturers over the forecast period. High costs of outdoor furniture are expected to have a restraining effect on the outdoor furniture market growth. Outdoor furniture manufacturers are expected to focus on launching new affordable products to maximize their sales revenue potential on a global scale.
The pandemic of 2020 led to major changes in operations of multiple markets and most of these changes led to losses for organizations. The outdoor furniture market experience a negative growth trend in 2020 owing to the closure of multiple manufacturing facilities and shuttering of sales and distribution channels as well. This was due to the imposition of lockdowns across the world to contain the spread of coronavirus infections. Restricted travel and outdoor activity further made the situation worse for the outdoor furniture market. The outdoor furniture market is expected to make a steady comeback in the post-pandemic era as the world returns to normal and restrictions are lifted. The outdoor furniture market will also see an evolution in demand as international travel is back to its normal routine.
The complete research study looks at both the qualitative and quantitative aspects of the outdoor furniture market. Both the demand and supply sides of the market have been investigated. The demand side study examines market income in various regions before comparing it to all of the major countries. The supply side research examines the industry's top rivals, as well as their regional and global presence and strategies. Each major country in North America, Europe, Asia Pacific, the Middle East and Africa, and Latin America is thoroughly investigated.
The global Outdoor furniture market is segregated based on material, product, end user, price range, and region.
In terms of material, the wood segment accounted for a major market share as most of the furniture is made using wood as the base material. This segment is expected to maintain its dominant stance over the forecast period as well. This segment accounts for more than 60% of the global outdoor furniture market. High durability, comfort, and easy availability make this a favorite material in commercial and residential applications alike.
The residential segment is projected to account for a major market share and is expected to increase over the forecast period. In 2018 this segment held a share of around 58% of the global outdoor furniture market revenues. Rising disposable income, changing consumer preferences, and rising urbanization will drive demand for this segment over the forecast period.
Report Attribute |
Details |
Market Size in 2021 |
USD 15.9 Billion |
Projected Market Size in 2028 |
USD 22.17 Billion |
CAGR Growth Rate |
5.7% CAGR |
Base Year |
2021 |
Forecast Years |
2022-2028 |
Key Market Players |
Dedon, Unopiu, Ace Hardware, Haworth, Inc., Steelcase, Herman Miller, Inc., Ashley Furniture Industries, Knoll, Inc., Sun Garden GmbH, The Home Depot, Inc., IKEA, Tuuci, Royal Botania NV, Molteni & C., B&B Italia SpA, Century Furniture, and Others |
Key Segment |
By Material, Product, End-User, Price Range, and Region |
Major Regions Covered |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
Purchase Options |
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The region of North America accounted for a major market share in the global outdoor furniture market landscape of around 35%. High spending potential and better living standards in this region are expected to propel the demand for outdoor furniture in this region. The presence of a flourishing hospitality and tourism industry will also aid the outdoor furniture market growth in this region. The United States is expected to be the most notable market in this region and will primly be driven by the presence of key outdoor furniture manufacturers such as Brown Jordan and forever patio
Increasing tourism activity in the Asia Pacific region will also boost the outdoor furniture market potential over the forecast period. India, China, Singapore, Thailand, and Malaysia are the leading countries in this region that can provide highly lucrative opportunities for outdoor furniture manufacturers.
The Global Outdoor Furniture Market is segmented as follows:
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