Outdoor Furniture Market Analysis by Product (Plastic, Metal, Wood, and Others Outdoor Furniture); by Distribution Channels (E-Commerce, Supermarkets, and Others); and by End Users (Residential, and Commercial) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2035
Buy Now Report ID: 304 | Published Date: Mar 16, 2023
The global outdoor furniture market is estimated to garner a revenue of USD 84.0 Billion by the end of 2035 by growing at a CAGR of ~14% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 47.0 Billion in the year 2022. The growth of the market can be attributed to the rapid pace of urbanization and increase in consumer purchasing power. In addition, the rising household consumption, coupled with the changing lifestyles of the people is expected to impel the demand among consumers for outdoor furniture in the near future. In the United Kingdom, household expenditure accounted for more than 22 percent in the
The industry is driven by a wide range of factors, such as the number of businesses operating domestically, and the business sentiment index, all of which are expected to get better during the timeframe. Outdoor furniture products that are made of natural, durable, and weather-resistance materials are believed to garner the growth of this market. Moreover, outdoor furniture now includes various attributes that are aesthetically appealing and light weight, and thus supplementing the growth of the global outdoor furniture market.
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Base Year |
2022 |
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Forecast Year |
2023-2035 |
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CAGR |
~6% |
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Base Year Market Size (2022) |
~ USD 47.0 Billion |
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Forecast Year Market Size (2035) |
~ USD 84.0 Billion |
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Regional Scope |
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Growth Drivers
Growing Hospitality Industry– The outdoor furniture trend is generally observed at seaside areas, scenic beauty places, and others, followed by the rising number of resorts, and hotels across the globe. For instance, as of 2023, there were more than 180,000 hotels and motels businesses in the United States, accounting to an increase of more than 9 percent from the year 2022.
Surge in the Number of Household Garden– Charm is added to the public garden through the adding of outdoor furniture such as chairs, sofas, and others. As per the reported data, more than 30 percent of the United States households grow fruits, vegetables, and other food in the year 2022. Therefore, it means that they have spaces to do gardening, that is predicted to boost the growth of the global outdoor furniture market. Furthermore, Americans spend more than USD 45 billion each year on lawn and gardening equipment.
Rising Open Air Sports Area– A range of activities are performed in the air sports area, such as air racing, hang gliding, skydiving, and others. These areas needed a space to sit and view these sports, and it is expected to surge the growth of the market over the forecast period. According to the estimates, the share of the population with an age of age six or more that is interested in outdoor sports accounting to more than 50 percent in the year 2021.
Surging Popularity of Eco-friendly Furniture– Top manufacturers are crafting eco-friendly furniture for a wide range of artistically and high-quality furniture using MOSO bamboo, which is stronger and harder than oak, further, it is believed to drive the growth of the global outdoor furniture market. The estimates stated that the furniture leaded to more than 10 billion tons of municipal waste in the United States in the year 2018.
Development in the Online Distribution Channel– Rapid digitalization, and increasing use of mobile devices for online purchases are anticipated to increase the growth of the global outdoor furniture market in the upcoming years. In the year 2021, the number of mobile devices that were operating across the globe accounted to more than 14 billion.
Challenges
The global outdoor furniture market is segmented and analyzed for demand and supply by end users into residential, and commercial. Out of these, the residential segment is expected to hold the largest share by the end of 2035, on the back of rising number of people living luxurious lifestyles in unique style of homes. In addition, they are opting for luxurious furniture that makes their gardens and lawn areas more appealing. Consumers are modifying their houses according to the latest trends that positively influence the surrounding’s beauty. Furthermore, the surging number of houses across the globe is further projected to boost the segment’s growth in the market. The number of homes in Canada is expected to reach around 14 million by the end of the year 2023 from 13 million homes in the year 2018.
Moreover, the commercial segment is also anticipated to have significant share over the forecast period. This can be attributed to the rising number of hotels and restaurants with roof top and opening air dining facilities. Furthermore, bars and pups are also opting for outdoor furniture, which is further predicted to drive the segment’s growth in the market.
The global outdoor furniture market is also segmented and analyzed for demand and supply by distribution channels into e-commerce, supermarkets, and others. Out of these, the e-commerce segment is predicted to hold the largest share by the end of the year 2035. The growth of the segment can be attributed to the crucial role that the online distribution channels are playing in the development of the furniture industries. Furthermore, there are a large number of manufacturers selling their products at a competitive price, and it is expected to boost the growth of the e-commerce segment in the market.
Our in-depth analysis of the global outdoor furniture market includes the following segments:
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By Product |
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By Distribution Channels |
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By End Users |
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The North American outdoor furniture market, amongst the market in all the other regions, is projected to hold the largest market share by the end of 2035. The U.S holds the maximum share in the outdoor furniture market in North America, followed by Canada. The rising concept of extravagant outdoor living spaces with new materials, comfortable seating, and elegant lighting has uplifted the market for outdoor furniture. Additionally, housing sales, outdoor renovations, and environmental concerns are some of the factors boosting the market growth. In addition, the region's expanding disposable income along with the consumer preferences are further expected to increase the market’s growth in the region. Moreover, the growing outdoor gathering trend is another factor that is expected to expand the growth of the market in the North American region. According to the survey, there was nearly one among 4 person who planned to host outdoor gatherings in the year 2021.
The European outdoor furniture market, amongst the market in all the other regions, is projected to hold the significant growth during the forecast period. There have been more tourists in the region owing to the presence of famous places for people to travel, which is expected to surge the market’s growth in the region. France, the UK, and Germany are expected to lead the overall demand for this regional outdoor furniture market in the near future. Furthermore, the number of hotels is increasing in the region, that is further anticipated to expand the market’s growth in the region.
The Asia Pacific region is expected to witness the fastest growth over the forecast period. The growing number of construction projects, and surging strong tourist attention are the two major factors that are increasing the demand for outdoor construction in the region. Moreover, there has been increasing key players in the region whose products are easily accessible through online platforms, that is further projected to expand the growth of the market in the region.
In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.
Author Credits: Anil Kumar, Ipsheeta Dash
Ans: Surging popularity of eco-friendly furniture, rising open air sports, and rapid pace of urbanization and increase in consumer purchasing power are the major factors driving the market growth.
Ans: The market is anticipated to attain a CAGR of ~6% over the forecast period, i.e., 2023 – 2035.
Ans: Changing fashion trend in outdoor furniture, and high cost of the raw material are estimated to be the growth hindering factors for the market expansion.
Ans: The market in the North American region is projected to hold the largest market share by the end of 2035 and provide more business opportunities in the future.
Ans: The major players in the market are Winston Furniture Company of Alabama, LLC, Home Depot, Forever Patio, Homecrest Outdoor Living, DEDON GmbH, Century Furniture LLC, Barbeques Galore, GLOSTER FURNITURE GMBH, Agio International Company, LTD, and others.
Ans: The company profiles are selected based on the revenues generated from the product segment, the geographical presence of the company which determines the revenue generating capacity as well as the new products being launched into the market by the company.
Ans: The market is segmented by products, end users, distribution channels, and by region.
Ans: The residential segment is anticipated to garner the largest market size by the end of 2035 and display significant growth opportunities.
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