Outdoor Garden Furniture Market By Material Analysis (Metal, Plastic, Wood and Textile); By Basis of Product (Chairs, Tables, Seating Sets, Dining Sets, Loungers & Daybeds); By End Use (Residential and Commercial); By Region (North America, Europe, Asia Pacific, Latin America, Middle East & Africa) - Global Market Analysis, Trends, Opportunity and Forecast, 2022-2032
Outdoor Garden Furniture Market Overview
The global outdoor garden furniture market size was valued at around USD 19.8 billion in 2022 and is projected to grow at a compound annual rate of growth (CAGR) of around 4.3% from 2022 to 2032.The market size is projected to succeed in USD 30.2 billion by 2032.Increase in home improvement industry globally along with positive outlook for customer spending in developing nations is further expected to boost the market demand.
Diversified numbers of stakeholders in hospitality industry like restaurants, hotels, motels and others are the major consumers and buyers of outdoor furniture. Last couple of years world tourism industry has grown due to increasing disposable income and spending powers on travel and tourism. This shift has created profit making opportunity for the market and business players. Decorative lounge chairs and upholstery are main products accountable for generating profit in the market.
The increasing demand for such outdoor restaurants in global term is supported by the increasing consumer spending powers over eating out will fuel the market progress. Growing count of stadiums along with the progressive government spending on public gardens & parks for development is driving the regional industry development and growth. Moreover raising demand for balcony furniture which is supported by the growing real estate industry will further augment the global business growth
Increasing urbanization coupled with raising urban population in the developing countries like china and India are strongly influencing the lifestyle pattern. Moreover, raising consumer shifting towards the metro cities for a better lifestyle and standards as well as asking urban population has further improvised the construction of a private residential building from rural and semi-urban cities. Rapid socializing trends and modern lifestyle including social get together, outdoor dining at gardens, grilling & barbeque events the backyard are the factors which is boosting outdoor garden furniture demand.
The increasing demand for left space for the front yard as well as the lawns of backyards, indoor gardens, backyard gardening, and makeovers with a modern touch in the architectural format of the designs are magnifying to the beauteousness of the space. Globally many countries follow the trend of outdoor gardens and living spaces gardens The trend of relaxing spending quality time with family and friends , dining are first and foremost increasing the need for such trends with is promoting the demand in the market.
The increasing trend among manufacturers from aluminum chairs to comfortable garden furniture over the years has boosted the growth of the outdoor garden furniture market. Moreover, design and product innovation supported by a stimulating furniture demand are propelling the industry expansion. Increasing outdoor garden furniture demand has forced producer to expand their product offerings in the outdoor segment. Manufacturers are focusing on raising their market share by increasing the distribution channel along with portfolio extension.
The easy accessibility offered by online sales channel has further boost the outdoor garden furniture market, thus becoming a popular medium for the purchase of outdoor garden furniture. Easy obtainability of information about the material used in outdoor garden furniture, time-saving feature and the facility of home delivery contributes towards the growth of the online sales channel.
Outdoor Garden Furniture Market Geographical Coverage
Asia-Pacific market holds the major share in the year 2019 and it expected to retain its dominant during the forecast period. Increase in population and improved lifestyle are the major factors that boost the growth of the outdoor garden furniture market. Raising purchasing power in this region is the prime factor which contributes towards the growth of the outdoor garden furniture market
Outdoor Garden Furniture Market Insights
By material analysis, the outdoor garden furniture market is segmented into metal, plastic, wood and textile. The wood segment holds the major market share and it is expected to retain its dominance during the forecast period. Wood plays crucial role in increasing outer appearance architectural themes and interior of living space. Moreover, products like wood is important in making of furniture and its durability helps in increasing the appearances.
On the basis of product, the outdoor garden furniture market is divided into chairs, tables, seating sets, dining sets, loungers & daybeds. The chair segment the major market share and is projected to expand at a CAGR of 6.5%. Metal, wood, plastics, fabrics and textiles are among key material that is used in chair production. Moreover, chairs provide high comfort including materials and component used with waterproofing materials in the making.
By end use, the outdoor garden furniture market is segmented into residential and commercial. The residential segment holds the major market share in 2019. Improved income levels in various countries are boosting purchase trends for product in residential and non-residential spaces which is further increasing the demand of outdoor garden furniture market.
Key Companies Profiled
The global outdoor garden furniture market is characterized by the presence of various small and big players. The major market player includes Ace Hardware, Century Furniture, Forever Patio, Dedon, EMU Group S.p.A., Haworth, Inc., Roda Srl, Sun Garden GmbH, The Home Depot, Inc., Unopiu, Hartman UK and IKEA, Plaisir Du Jardin, Ltd. The market presents moderate to low entry barriers due to the presence of a large number of unorganized players in the market.