What Fueled The Previous Growth In The Street Furniture Market?
The street furniture market has seen considerable growth due to a variety of factors.
• The market size of street furniture has seen impressive growth over the recent years. This market, valued at $9.86 billion in 2024, is expected to increase to $10.52 billion in 2025, witnessing a compound annual growth rate (CAGR) of 6.7%.
Factors such as the rise in urbanization, expansion of the real estate industry, growth in sectors such as hospitality and real estate, an increased demand for outdoor living spaces and opportunities for research and development have all contributed to this historical period of growth.
What Can Be Expected from the Street Furniture Market Size?
The street furniture market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of street furniture is projected to witness robust growth over the upcoming years, expanding to $13.47 billion by 2029 with a compound annual growth rate of 6.4%.
This surge during the prediction period may be attributed to several factors such as the increasing popularity of outdoor entertainment, significant investments in urban infrastructure, a boom in e-commerce and online shopping, prevailing interior design movements, and the advent of versatile outdoor furniture. The forecast period will see major trends like technological progress, sustainable and eco-friendly alternatives, breakthroughs in material science and technology, an emphasis on beauty and placemaking, and the incorporation of intelligent technology.
What Are the Critical Driver Fuelling The Street Furniture Market's Growth?
The surge in urbanization is foreseen to boost the growth of the street furniture market. Urbanization, defined as the escalating percentage of the population transitioning from rural to urban areas, significantly contributes to city expansion and growth. The rise in urbanization refers to the growing migration trend from rural to urban areas, leading to swift city development and expansion. Street furniture aids in this process by improving public spaces with practical and visually pleasing elements, enhancing living standards, and meeting the infrastructure requirements of swelling urban populations. For instance, in 2024, the United Nations Population Fund, a US-based human rights organization, reported that over half of the global population currently resides in urban areas, with forecasts indicating this is expected to reach approximately 5 billion by 2030. Hence, the surge in urbanization fuels the growth of the street furniture market.
How Is The Street Furniture Market segmented?
The street furniture market covered in this report is segmented –
1) By Product: Wood Furniture, Plastic Furniture, Metal Furniture, Other Products
2) By Application: Benches And Seats, Street Lightings And Traffic Signals, Barriers And Bollards, Other Applications
3) By End-User: Commercial, Residential
Subsegments:
1) By Wood Furniture: Wooden Benches, Wooden Picnic Tables, Wooden Planters, Wooden Bus Shelters
2) By Plastic Furniture: Recycled Plastic Benches, Plastic Waste Bins, Plastic Bollards, Plastic Seating Units
3) By Metal Furniture: Metal Benches, Metal Bike Racks, Metal Streetlights, Metal Bus Stops
4) By Other Products: Concrete Benches, Stone Sculptures, Smart Benches With Charging Stations, Hybrid Material Street Furniture
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What Trends Are Reshaping The Future Of The Street Furniture Market?
Major companies operating in the street furniture market are focused on developing innovative solutions, such as urban furniture, to enhance urban environments with a modern aesthetic. Urban furniture refers to functional and aesthetic objects placed in public spaces, such as streets, parks, and plazas. For instance, in November 2024, Neri S.p.A., an Italy-based manufacturer of outdoor lighting systems and urban furniture, partnered with Skidmore, Owings & Merrill LLP, a US-based construction company, and launched the Nebula collection of urban furniture, designed by Skidmore, Owings & Merrill (SOM). This versatile range includes benches, stools, tables, bicycle racks, litter bins, and planters, available in multiple sizes and configurations. Designed to complement both vibrant and historic urban environments, the collection offers flexible solutions for creating inviting, human-scaled spaces that can seamlessly scale to large city streetscapes.
Who Are the Key Players In The Street Furniture Market?
Major companies operating in the street furniture market are:
• JCDecaux SA
• Keter Group B.V.
• Daktronics Inc.
• Skidmore Owings & Merrill LLP
• Brown Jordan International Inc.
• Strugal Sistemas de Carpintería S.L.
• Landscape Forms Inc.
• Broxap Limited
• Falco UK Ltd.
• Agio International Company Ltd.
• Equiparc Inc.
• Lappset Group Oy
• Furnitubes International Limited
• Concreteworks Studio LLC
• Streetlife B.V.
• Urban Elements Ltd.
• Vestre AS
• Tensile Group Pty Ltd.
• HAGS Aneby AB
• Green Furniture Concept AB
What Is The Most Dominant Region In The Street Furniture Market?
Asia-Pacific was the largest region in the street furniture market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the street furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
