The Global Outdoor Furniture Market is expected to grow by $29.3 Bn during 2022-2030, accelerating at a CAGR of 6% during the forecast period

Market Overview

The global Outdoor Furniture Market is registered to grow market size to worth USD 29.3 Billion during the forecast period of 2030 and is further estimated to register 6 % CRGR by 2030.

The rising disposable income of consumers is expected to drive the global Outdoor Furniture Market during the review period. Moreover, the demand for outdoor furniture is rising across the world because of the rising number of restaurant and hotel chains. Further, the global outdoor furniture market might be affected because of the high raw material cost that can limit the furniture production process. The higher quality product comes only with higher prices, which can hamper the growth of the global market for outdoor furniture. Additionally, the market growth might slow down because of dissatisfaction with the preferred design of the furniture. 

Regional Analysis

According to the global Outdoor Furniture Market report, the regions like North America, South America, Middle East Africa, Asia-Pacific, and Europe are contributing to the global market.

Significant growth is expected in the North American regional market during the assessment period because of the growing demand for luxurious goods and the high-density population in the region. Moreover, the second largest market is predicted to be the European regional market during the review period because of the availability of processed woods in countries like Mexico, Singapore, and Thailand. This regional market is expanding due to the suitable climatic conditions of the region to develop wood, which is directly influencing the market growth. In addition, countries like China and India are rising tourist activities day by day, which is estimated to drive the global market growth during the forecast period.

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Market Segmentation

As per the global Outdoor Furniture Market report, the present market has been classified on the basis of product type, materials, and end-user industry.

On the basis of product type segment, the global market for Outdoor Furniture has been segregated into tables, chairs, dining sets, and seating sets. Of these, the table segment is anticipated to dominate the global market for outdoor furniture because of the rising prevalence of remote working conditions.

Based on the material segment, the global market for Outdoor Furniture has been classified into plastic, metal, textile, and wood. Among these, the wood segment is estimated to lead the global market because it requires low maintenance and high durability.

The global Outdoor Furniture Market has been classified based on the end-user segment, such as commercial and residential. Out of all, the residential segment is estimated to dominate the global market for outdoor furniture due to the increasing demand for luxury fixtures among households.

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Table Of Contents

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objectives

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimation

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Threat Of Substitutes

3.1.4 Segment Rivalry

3.1.5 Bargaining Power Of Buyers

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

Continue… 

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Industry News

The global Outdoor Furniture Market has many key market players such as PLAISIR Du JARDIN, Ltd., Royal BOTANIA NV, IKEA, Alfresco Home, ZUO Modern, and others. For instance, in May 2021, a British furniture brand, Very Good & Proper, produced its debut in outdoor furniture. It is summer ready sustainable outdoor furniture, which consists of a minimum design and sustainable materials.

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