What are the Historical Developments and Current Growth Metrics of the Outdoor Furniture Market?
The outdoor furniture market has seen considerable growth due to a variety of factors.
• The market size for outdoor furniture has seen steady growth in recent years. It is projected to increase from $51.17 billion in 2024 to $53.52 billion in 2025, registering a compound annual growth rate (CAGR) of 4.6%.
The escalation during the historic period is a result of expanded outdoor living spaces, economic augmentation, shifting lifestyles, growth in home enhancement projects, and heightened awareness of outdoor comfort.
What Does Future Hold for The Outdoor Furniture Market By 2029?
The outdoor furniture market is expected to maintain its strong growth trajectory in upcoming years.
• The size of the outdoor furniture market is predicted to experience consistent expansion over the coming years. It is projected to reach a worth of $64.75 billion by 2029, with a Compound Annual Growth Rate (CAGR) of 4.9%.
The growth within this forecast period can be credited to factors such as increasing disposable incomes, trends in urbanization, innovative design solutions, the rise in outdoor living trends, as well as advancements in design. The forecast period is also expected to see major trends like luxurious textiles, sustainable materials, technological advancements, customization, and innovative designs.
What Are The Primary Growth Drivers In The Outdoor Furniture Market?
Increasing attention towards home renovation is predicted to fuel the growth of the outdoor furniture market in the future. Home renovation involves the enhancement, remodeling, or upgradation of a residential property to increase its functionality, aesthetics, or worth. This emphasis on home renovation stems from the need for personalization, property value enhancement, increased functionality, sustainability, lifestyle alterations, and the condition of housing stock. Outdoor furniture often plays a key role in home renovation projects to expand and enhance outdoor living spaces, equipping homeowners with practical and comfortable spaces for relaxation, dining, and entertainment. For example, a study by the Joint Center for Housing Centers of Harvard University, a research center located in the US, suggested that spending on home improvement projects would rise from $472 billion in 2022 to $485 billion in 2024 in January 2023. As a result, the growing focus on home renovation is boosting the outdoor furniture market's expansion.
What Is The Segmentation Of The Global Outdoor Furniture Market?
The outdoor furniture market covered in this report is segmented –
1) By Product: Seating Sets, Loungers, Dining Sets, Chairs, Table, Other Products
2) By Material Type: Wood, Metal, Plastic, Others Material Types
3) By End-User: Residential, Commercial
Subsegments:
1) By Seating Sets: Sectional Seating, Conversation Sets, Sofa Sets, Bench Seating
2) By Loungers: Reclining Loungers, Chaise Lounges, Adjustable Loungers, Lounge Chairs
3) By Dining Sets: 4-Piece Dining Sets, 6-Piece Dining Sets, Expandable Dining Sets, Bar-Height Dining Sets
4) By Chairs: Arm Chairs, Dining Chairs, Rocking Chairs, Adirondack Chairs, Folding Chairs
5) By Table: Coffee Tables, Side Tables, Dining Tables, Console Tables, Bistro Tables
6) By Other Products: Outdoor Storage Solutions, Outdoor Umbrellas, Fire Pits And Heaters, Outdoor Cushions And Pillows, Gazebos And Pergolas
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What Trends Are Shaping The Outdoor Furniture Market?
In the outdoor furniture market, prominent firms are centering their strategies on innovating and devising new solutions, inclusive of partnerships with renowned designers such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, and Jasper, and new showrooms, that demonstrate their commitment to design excellence. For instance, Andreu World, a US firm specializing in outdoor furniture, in July 2022, inaugurated a new showroom in Germany, signaling their unwavering commitment to innovation and global collaborations. The showroom exemplifies Andreu World's commitment to sustainable design methods and is a reflection of their mission to encourage eco-friendly manufacturing processes.
Who Are the Key Players In The Outdoor Furniture Market?
Major companies operating in the outdoor furniture market are:
• The Home Depot Inc.
• Steelcase Inc.
• Woodard LLC
• La-Z-Boy Inc.
• Skyline Design
• Keter Plastic Ltd.
• Haworth Inc.
• Trex Company
• Kimball International Inc.
• Century Furniture LLC
• Dedon GmbH
• Brown Jordan International
• Tropitone Furniture Co.
• Summer Classics
• Ebel Inc.
• Tuuci
• Winston Furniture Company
• Hauser Industries
• Alfresco Home
• Castelle Furniture Co Inc.
• Lloyd Flanders
• Fermob
• Sun Garden GmbH
• EMU Group
• Sifas
What Are The Regional Insights Into The Outdoor Furniture Market?
North America was the largest region in the outdoor furniture market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
