According to the report by Expert Market Research (EMR), the Global Outdoor Furniture Market Size is projected to grow at a CAGR of 5% between 2023 and 2028. Aided by the escalating consumer inclination towards home décor and the rising outdoor living trend, the market is expected to grow significantly by 2028.
Outdoor furniture, often referred to as patio or garden furniture, is designed specifically for outdoor settings and is made with weather-resistant materials. These include tables, chairs, swings, and lounges that enhance comfort and aesthetics in outdoor spaces such as gardens, patios, and balconies. Besides residential use, outdoor furniture is widely used in commercial settings like hotels, restaurants, and cafes to create relaxing outdoor environments.
The surge in consumer interest in home décor and outdoor living is propelling the global outdoor furniture market growth. With the rise in disposable income, consumers are increasingly investing in comfortable and visually appealing outdoor spaces, leading to increased demand for outdoor furniture. Furthermore, the trend of staycations, spurred by global travel restrictions due to the pandemic has boosted interest in improving residential outdoor spaces, subsequently driving the market for outdoor furniture.
The growing hospitality industry is another significant factor influencing the outdoor furniture market expansion. Hotels, restaurants, and cafes worldwide are investing in high-quality outdoor furniture to provide their customers with an enhanced dining and relaxation experience. This trend has led to increased demand for a diverse range of outdoor furniture, from dining sets to lounges and daybeds.
Moreover, the ongoing trend of eco-friendliness and sustainability has led to an increased focus on outdoor furniture made from recyclable and environmentally friendly materials. Consumers’ growing environmental consciousness is pushing manufacturers to explore and use sustainable materials like recycled plastics, teak, eucalyptus, and other certified woods, thus further stimulating the market growth.
Meanwhile, the expanding real estate industry plays a substantial role in driving the outdoor furniture market. As new housing developments and commercial properties continue to rise, the demand for outdoor furniture grows proportionally. Builders and developers are constantly seeking durable and aesthetically pleasing furniture pieces for outdoor spaces, contributing to the market’s overall expansion.
In addition, advancements in e-commerce and digital marketing have made it easier for consumers to access a broad array of outdoor furniture options, further fuelling the market’s growth. The increasing popularity of online shopping and the convenience it offers in terms of home delivery and easy return policies have attracted more consumers to purchase outdoor furniture online.
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Outdoor Furniture Market Segmentation
The market can be divided based on material, product, end-use, and region.
Market Breakup by Material
• Wood
• Metal
• Plastic
• Textile
• Others
Market Breakup by Product
• Chairs
• Table
• Seating Sets
• Dining Sets
• Loungers and Daybeds
• Others
Market Breakup by End Use
• Residential
• Commercial
• Others
Market Breakup by Region
• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa
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Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global outdoor furniture companies. Some of the major key players explored in the report by Expert Market Research are as follows:
• Ace Hardware Corporation
• Century Furniture LLC
• Forever Patio
• Haworth, Inc.
• Nilkamal Furniture
• Others
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