Outdoor Furniture Market Overview, Growth Analysis, Trends and Forecast By 2028
Executive Summary: Outdoor Furniture Market Size and Share by Application & Industry
The demand for outdoor furniture will reach an approximate value of USD 29.98 billion by 2028, with this growth reported at a rate of 6.10% for the 2021 to 2028 forecast period. The market report for outdoor furniture analyses the growth that is currently rising due to people’s increasing levels of disposable income.
For the growth of business, Outdoor Furniture Market analysis report has a lot to offer and hence it plays a very important role in growth. Myriad of factors have been studied in this report that have an influence on the market and Outdoor Furniture Market industry. These factors can be listed as industry insight and critical success factors (CSFs), market segmentation, value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. The analysis mentioned in the world class Outdoor Furniture Market report gives clear idea on various segments that are relied upon to view the quickest business development in the course of the estimate forecast frame.
Outdoor Furniture Marketing report is essentially helpful for mapping the strategies related to production, product launches, costing, inventory, purchasing and marketing. With the use of SWOT analysis and Porter’s Five Forces analysis which are two of the standard, prominent and full-proof methods, this market report is been framed. With this industry analysis report, it becomes easy to uncover the best market opportunities and foster resourceful information for the business to thrive in the market. The report offers appropriate solutions to the complex business challenges and works toward an effortless decision-making process. Transparent, reliable and extensive market information of the credible Outdoor Furniture Market business report will certainly develop business and improve return on investment (ROI).
Discover how the Outdoor Furniture Market is changing with key trends and forecasts. Access the report:
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Comprehensive Overview of the Outdoor Furniture Market
**Segments**
- **Material Type**
- Wood
- Metal
- Plastic
- Wicker
- Others
- **Product**
- Chairs
- Tables
- Seating Sets
- Dining Sets
- Loungers & Daybeds
- Others
- **End User**
- Residential
- Commercial
- **Distribution Channel**
- Offline Stores
- Online Stores
The global outdoor furniture market is segmented based on material type, product, end user, and distribution channel. In terms of material type, the market includes wood, metal, plastic, wicker, and others. Wood is a popular choice due to its natural aesthetic appeal, while metal offers durability and sleek designs. Plastic outdoor furniture is lightweight and easy to maintain, making it a convenient option for many consumers. Wicker furniture provides a traditional look with modern durability. In the product segment, outdoor furniture comprises chairs, tables, seating sets, dining sets, loungers & daybeds, and other accessories. Various end users, including residential and commercial sectors, drive demand for outdoor furniture. Residential consumers focus on creating outdoor living spaces, while the commercial sector includes hotels, restaurants, and cafes that require outdoor seating options. Distribution channels for outdoor furniture include offline stores such as specialty retailers and furniture outlets, as well as online stores that offer convenience and a wide range of options for consumers.
**Market Players**
- **Ashley Furniture Industries, Inc.**
- **Brown Jordan**
- **Inter IKEA Systems B.V.**
- **Keter Group**
- **La-Z-Boy Incorporated**
- **Century Furniture LLC**
- **Forever Patio**
- **Homecrest Outdoor Living**
- **Dedon**
- **Gloster Furniture GmbH**
The global outdoor furniture market is competitive with key players such as Ashley Furniture Industries, Inc., Brown Jordan, Inter IKEA Systems B.V., Keter Group, La-Z-Boy Incorporated, Century Furniture LLC, Forever Patio, Homecrest Outdoor Living, Dedon, and Gloster Furniture GmbH. These market players focus on product innovation, strategic partnerships, and expanding their distribution networks to gain a competitive edge in the market. With the growing trend of outdoor living spaces and the increasing popularity of outdoor dining and entertainment, these players are investing in research and development to offer a wide range of outdoor furniture options to cater to diverse consumer preferences.
The global outdoor furniture market is experiencing significant growth due to various factors such as the increasing focus on creating functional and aesthetically pleasing outdoor spaces, the rise in outdoor dining and entertainment activities, and the expanding hospitality industry. One key trend that is shaping the market is the consumer shift towards sustainable and eco-friendly outdoor furniture options. With growing environmental concerns, consumers are increasingly looking for furniture made from recycled materials or sustainably sourced wood to minimize their carbon footprint. This trend is driving manufacturers to innovate and introduce eco-friendly outdoor furniture designs to meet the evolving consumer preferences.
Another significant factor influencing the outdoor furniture market is the rapid urbanization and modernization of cities worldwide. Urban dwellers are embracing outdoor living spaces as extensions of their homes, leading to a surge in demand for stylish and functional outdoor furniture. The rise of compact living spaces in urban areas has prompted furniture manufacturers to design multi-functional and space-saving outdoor furniture solutions to cater to the needs of urban consumers. Additionally, the growing trend of outdoor dining and social gatherings has led to an increased demand for dining sets, loungers, and daybeds that offer comfort, durability, and style.
The COVID-19 pandemic has also impacted the outdoor furniture market, with more people spending time at home and investing in their outdoor spaces for relaxation and entertainment. This shift towards at-home leisure activities has boosted the demand for outdoor furniture as consumers seek to create cozy and inviting outdoor environments. The pandemic has accelerated the adoption of online shopping for outdoor furniture, leading to the growth of e-commerce channels as a convenient and safe option for consumers to browse and purchase outdoor furniture.
Furthermore, technological advancements are also influencing the outdoor furniture market, with manufacturers incorporating smart features such as built-in lighting, speakers, and weather-resistant materials to enhance the outdoor experience. The integration of IoT (Internet of Things) technology in outdoor furniture allows for remote control of features such as lighting and temperature, offering convenience and customization to users. As consumers increasingly seek functionality, comfort, and style in their outdoor spaces, market players are likely to invest in innovative technologies to meet these evolving demands and stay competitive in the market.
In conclusion, the global outdoor furniture market is poised for growth driven by changing consumer preferences, urbanization trends, sustainability initiatives, and technological advancements. Market players need to focus on product innovation, sustainability practices, and strategic partnerships to capitalize on the growing demand for outdoor furniture and cater to the diverse needs of consumers in a rapidly evolving market landscape.The outdoor furniture market is continuously evolving, driven by various factors such as changing consumer lifestyles, increasing urbanization, and the growing focus on sustainability. One key trend that is influencing the market is the shift towards sustainable and eco-friendly outdoor furniture options. Consumers are becoming more environmentally conscious, leading to a higher demand for furniture made from recycled materials or sustainably sourced wood. Manufacturers are responding to this trend by introducing innovative designs that cater to eco-conscious consumers, showcasing a commitment to reducing the environmental impact of outdoor furniture production.
Moreover, the COVID-19 pandemic has had a significant impact on the outdoor furniture market. With more people spending time at home and looking to enhance their outdoor spaces for leisure and entertainment, there has been a surge in demand for outdoor furniture. This trend is likely to continue as consumers seek to create comfortable and relaxing outdoor environments within their homes. The pandemic has also accelerated the adoption of online shopping for outdoor furniture, highlighting the importance of e-commerce channels as a convenient and safe option for consumers to explore and purchase outdoor furniture.
Additionally, technological advancements are shaping the outdoor furniture market, with manufacturers integrating smart features and IoT technology into outdoor furniture designs. Features such as built-in lighting, speakers, and weather-resistant materials are enhancing the outdoor experience for consumers, providing convenience and customization options. As consumers increasingly prioritize functionality, comfort, and style in their outdoor spaces, market players are expected to invest in innovative technologies to meet these evolving demands and stay competitive in the market.
Furthermore, the market players in the outdoor furniture industry are focusing on product innovation, strategic partnerships, and expanding distribution networks to gain a competitive edge. By offering a wide range of outdoor furniture options that cater to diverse consumer preferences, companies such as Ashley Furniture Industries, Brown Jordan, and Inter IKEA Systems are positioning themselves as key players in the global market. With the continued growth of outdoor living spaces, outdoor dining, and entertainment activities, these market players are likely to continue investing in research and development to meet the evolving needs of consumers and capitalize on the expanding opportunities in the outdoor furniture market.
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Analyst-Focused Question Templates for Outdoor Furniture Market Evaluation
- What is the present size of the global Outdoor Furniture Market?
- How is the Outdoor Furniture Market expected to evolve in terms of growth rate?
- What are the important segmentations in this market?
- Who are the notable market players in this space?
- What are the recent major product innovations in this industry?
- Which countries have data representation in the report?
- Which region shows exponential growth potential?
- Which country is projected to dominate during the forecast period?
- Which global zone holds the largest portion of the market?
- Which country stands out with the fastest forecasted growth?
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