Outdoor Furniture Market to Boost Future Growth, Statistics, Growth Prediction and Forecast 2023-2030
Research Reports
Feb 14, 2023
Outdoor Furniture Market Size was valued at USD 18.4 billion in 2021. The outdoor furniture market industry is projected to grow from USD 19.5 billion in 2022 to USD 29.32 billion by 2030, exhibiting a compound annual growth rate (CAGR) of 6.00% during the forecast period (2022 – 2030).
Due to coastal resorts and the subsequent global tourism boom, there is a growing demand for outdoor seating. The region’s increased investment in infrastructure will strengthen the growth of the outdoor furniture market during the next years.
Market Segmentation:
The outdoor furniture market has been divided into segments based on material, product type, end-user, and geographic location. The outdoor furniture market has been divided into textile, plastic, metal, wood, and other segments based on material. Tables, sitting ensembles, dining ensembles, chairs, and other items have been included in the product type-based segmentation of the outdoor furniture industry. The outdoor furniture market has been divided into residential and commercial categories based on the end user. The outdoor furniture market has been divided into segments based on the following geographical areas: Europe, the Middle East, North America, Asia-Pacific, Africa, and South America.
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Regional Analysis:
The outdoor furniture market has been investigated on a regional level in Europe, the Middle East, North America, Asia-Pacific, Africa, and South America. The North American region, which held the majority of the market share in 2018, is predicted to experience the highest growth rate throughout the course of the forecast year. The region is a significant user of outdoor furniture, which helps the region’s standing internationally. Through the projection period, the Asia-Pacific will be the largest emerging market for outdoor furniture.The significant variables influencing the market development in the area are the emerging nations like India and China as well as the increasing tourism in APAC countries like Malaysia, Thailand, and Singapore. The expansion of the regional market is projected to be significantly impacted in the coming years by the introduction of major manufacturers offering their services in nations like China and India. China’s market for outdoor furniture, which is expanding quickly, is anticipated to drive future development in the APAC region.According to estimates, the region’s beach resorts and hotels will aid in the market’s growth. According to estimates, these sectors’ greater profitability will open up attractive opportunities for growth. Singapore, Malaysia, Thailand, Indonesia, and Dubai will become significant competitors in the market as a result of the lucrative tourism sector and promising sites from a tourism perspective.
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Key Players:
AGIO International Company LTD, Brown Jordan International, Century Furniture LLC, Inter IKEA Systems B.V., Kimball International Inc., EMU Group S.P.A., DEDON The Home Depot Inc., Haworth Inc., UNOPIU Hartman UK, PLAISIR Du JARDIN Ltd., IKEA, and Royal BOTANIA NV
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