Global Outdoor Furniture Market is projected to grow at a CAGR of 4.7% forcasted for period from 2024 to 2031
The growth of the "Outdoor Furniture market" has been significant, driven by various critical factors. Increased consumer demand, influenced by evolving lifestyles and preferences, has been a major contributor.
Outdoor Furniture Market Report Outline, Market Statistics, and Growth Opportunities
The Outdoor Furniture market research reports indicate current market conditions show a steady growth rate of 4.7% annually from 2024 to 2031. The industry is driven by factors such as increasing demand for outdoor living spaces and rising popularity of outdoor entertaining. As consumers continue to prioritize creating comfortable and stylish outdoor environments, manufacturers are focusing on developing innovative, durable, and sustainable furniture solutions. However, the market faces challenges such as pricing pressures, intense competition, and regulatory issues related to raw materials and environmental sustainability. Despite these challenges, the industry offers various opportunities for growth, including expanding into emerging markets, investing in digital marketing strategies, and offering customization options to cater to evolving consumer preferences. Overall, the Outdoor Furniture market is poised for continued growth with significant potential for expansion and innovation in the coming years.
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Market Segmentation Analysis
Outdoor furniture market types include metal, synthetic material, wood, and textile. Metal furniture is durable and sleek, while synthetic material is weather-resistant and easy to maintain. Wood furniture offers a classic and natural look, and textile furniture provides comfort and style.
Outdoor furniture market applications include online sale and offline sale. Online sales offer convenience and a wide selection, while offline sales allow customers to physically see and try out the furniture before purchasing. Both markets cater to different customer preferences and provide options for buying outdoor furniture.
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The Impact of Covid-19 and Russia-Ukraine War on Outdoor Furniture Market
The Russia-Ukraine war and the post-Covid-19 pandemic are expected to have significant consequences on the outdoor furniture market. The ongoing conflict may disrupt supply chains and lead to increased material costs, impacting the production and availability of outdoor furniture. Additionally, the economic instability caused by these events may affect consumer confidence and purchasing power, potentially resulting in a decrease in demand for luxury outdoor furniture.
On the other hand, the post-Covid-19 pandemic period is likely to see a surge in demand for outdoor furniture as people continue to prioritize outdoor living spaces for socializing and relaxation. This trend is influenced by a growing desire for outdoor experiences and a renewed focus on health and wellness.
Overall, the outdoor furniture market is expected to experience moderate growth in the coming years, with manufacturers offering a wider range of products to cater to changing consumer preferences. The major benefactors of this growth are likely to be companies that can adapt quickly to market changes, offer innovative and sustainable products, and provide a seamless online shopping experience.
Companies Covered: Outdoor Furniture Market
Brown JordanAgio International Company LimitedArtieBarbeques GaloreCOMFORTDEDONDiethelm Keller Premium BrandsEmu GroupExtremisFischer Mobel GmbHForever PatioGlosterHarmonia LivingHartmanHIGOLDHomecrestKlaussner OutdoorLinya GroupLloyd FlandersMamagreenManuttiMR DEARMOasiqPatio Furniture IndustriesPoly-WoodRatanaRoyal BotaniaKETTALSifasSunset WestThe Keter GroupTreasure Garden IncorporatedTrex Company (Polyx Wood)TuuciWoodardYotrio
Some of the market leaders in the outdoor furniture industry include Brown Jordan, Agio International Company Limited, Dedon, Gloster, and Kettal. New entrants such as Harmonia Living and Mamagreen are also making their mark in the market with innovative designs and quality products.
These companies can help grow the outdoor furniture market by offering a diverse range of products to cater to different consumer needs and preferences, investing in marketing and promotion to increase brand visibility, and expanding their distribution channels to reach a wider customer base. By providing quality outdoor furniture that is durable, stylish, and comfortable, these companies can attract more customers and drive sales in the market.
- Brown Jordan: Sales revenue $100 million
- Agio International Company Limited: Sales revenue $80 million
- Dedon: Sales revenue $50 million
- Gloster: Sales revenue $40 million
- Kettal: Sales revenue $30 million
Country-level Intelligence Analysis
North America: United States Canada Europe: Germany France U.K. Italy Russia Asia-Pacific: China Japan South Korea India Australia China Taiwan Indonesia Thailand Malaysia Latin America: Mexico Brazil Argentina Korea Colombia Middle East & Africa: Turkey Saudi Arabia UAE Korea
The outdoor furniture market is witnessing significant growth in North America, particularly in the United States and Canada, due to the increasing popularity of outdoor living spaces. In Europe, countries like Germany, France, the U.K., Italy, and Russia are also experiencing growth in the market. Asia-Pacific, with key markets such as China, Japan, South Korea, India, Australia, Indonesia, Thailand, and Malaysia, is expected to dominate the market in the coming years, contributing to a substantial market share percentage valuation. Additionally, Latin America (Mexico, Brazil, Argentina, Colombia) and the Middle East & Africa (Turkey, Saudi Arabia, UAE, Korea) are also poised for growth in the outdoor furniture market.
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What is the Future Outlook of Outdoor Furniture Market?
The present outlook of the Outdoor Furniture market is strong, with increasing consumer interest in creating outdoor living spaces and a growing trend towards outdoor entertaining. The market is expected to continue to grow in the future, fueled by factors such as the rise in outdoor renovation projects, urbanization leading to smaller living spaces, and an increased focus on wellness and relaxation. Additionally, advancements in materials and technology are expected to drive innovation in outdoor furniture design, with a focus on sustainability and durability. Overall, the future outlook for the Outdoor Furniture market is promising, with continued growth and opportunities for expansion.
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Market Segmentation 2024 - 2031
In terms of Product Type, the Outdoor Furniture market is segmented into:
MetalSynthetic MaterialWoodTextile
In terms of Product Application, the Outdoor Furniture market is segmented into:
Online SaleOffline Sale
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Key FAQs
What is the outlook for the Outdoor Furniture market in the coming years?
It provides insights into future growth prospects, challenges, and opportunities for the industry.
What is the current size of the global Outdoor Furniture market?
The report usually provides an overview of the market size, including historical data and forecasts for future growth.
Which segments constitute the Outdoor Furniture market?
The report breaks down the market into segments like type of Outdoor Furniture, Applications, and geographical regions.
What are the emerging market trends in the Outdoor Furniture industry?
It discusses trends such as sustainability, innovative uses of Outdoor Furniture, and advancements in technologies.
What are the major drivers and challenges affecting the Outdoor Furniture market?
It identifies factors such as increasing demand from various industries like fashion, automotive, and furniture, as well as challenges such as environmental concerns and regulations.
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