Outdoor Furniture Market Size, Share, Opportunities, And Trends By Type (Tables, Chairs, Loungers, Dining Set, Others), By Material (Wood, Plastic, Textile, Others), By Distribution Channel (Online, Offline (Home Centers, Flagship Stores, Specialty Stores)), By End-Users (Commercial, Residential), And By Geography - Forecasts From 2024 To 2029

The outdoor furniture market is predicted to grow at a high CAGR over the forecast period. The increasing demand for outdoor furniture products in hotels, resorts, open areas, and public gardens is driving worldwide market growth. These trends are most noticeable in coastal locations, hill stations, scenic beauty spots, and historical sites. As a result, the growing number of hotels and restaurants may boost industry expansion throughout the predicted period. Furthermore, customer emphasis is shifting to improving outside areas to give more visually beautiful and comfortable designs in balconies, gardens, and porches, which is helping industry growth.

Introduction:

Outdoor furniture has progressed from simple utility pieces to crucial parts in creating appealing and beautiful external areas. With a growing emphasis on outdoor living, the market for outdoor furniture has grown significantly in recent years. The appeal of well-designed and pleasant outdoor spaces has become a focal point for households and businesses alike, increasing demand for a variety of outdoor furniture. Outdoor furniture is an important component in transforming open spaces into usable and visually beautiful environments for leisure, interaction, and entertainment, from patios to balconies and enormous gardens. As customer preferences evolve toward a more holistic approach to home design, the outdoor furniture sector continues to prosper, spurred by advances in materials, and designs, and rising awareness of the importance of outdoor living in promoting overall well-being.

Market Drivers:

• The rising trend of outdoor living spaces:

As customers emphasize the construction of pleasant and useful external surroundings, the rising trend of outdoor living spaces is a critical driver for the outdoor furniture industry. There has been a societal movement toward perceiving outdoor spaces as extensions of living rooms, pushing people to invest in outfitting these spaces with comfortable and fashionable outdoor furniture. The need for a smooth transition between indoor and outdoor life has increased demand for a wide range of outdoor furniture items, including lounge sets and dining tables, as well as hammocks and outdoor sofas. As outdoor living continues to be a focal point of modern lifestyles, there will be a strong need for diversified and high-quality outdoor furniture options.

• Rising emphasis on health and wellness:

People are becoming more aware of the benefits of spending time outside for mental and physical well-being, which is driving the outdoor furniture industry. This tendency mirrors a larger trend of valuing outdoor living experiences and building revitalizing outdoor getaways at home. Consumers' desire to establish restorative outdoor sanctuaries at home has driven them to invest in comfortable and fashionable outdoor furniture, fueling a trend in which outdoor areas are designed to encourage relaxation and stress relief. The industry has been fueled by customers wanting furniture that strengthens their connection to nature and adds to a holistic approach to health and lifestyle.

• Rise in hospitability and commercial sector:

The growing popularity of outdoor eating and relaxing areas in hotels, restaurants, and cafés has increased demand for long-lasting and visually beautiful outdoor furniture. As companies invest more in establishing pleasant outdoor spaces, there is a rising demand for furniture that not only withstands changing weather conditions but also adds to the overall ambience. The commercial sector's use of outdoor furniture grows beyond typical eating areas to encompass lounges, rooftop spaces, and garden settings, increasing the demand for high-quality, fashionable outdoor furnishings that meet both practical and aesthetic needs. Outdoor seating integration in commercial areas adds considerably to the overall growth and diversity of the outdoor furniture sector.

• Advancements in the furniture design and material:

Outdoor furniture material and design advancements, such as the incorporation of weather-resistant and low-maintenance choices such as synthetic rattan, aluminium, and composite materials, have played a critical part in driving the market growth. These advancements improve the durability and visual appeal of outdoor furniture, making it suitable for extended exposure to different weather conditions. Furthermore, modern designs and customized alternatives cater to a wide range of customer tastes, enticing those looking for both usefulness and flair in their outdoor furniture. The market benefits from a developing landscape of materials and designs that satisfy the expectations of a discriminating customer base focused on durability, aesthetics, and ease of maintenance in outdoor settings as manufacturers continue to spend on R&D.

Products offered by key companies:

• The Styletto Collection, Royal Botania: This dining table collection expertly mixes natural tones and elegant lines to create a quiet and relaxing environment. The comfortable seats are the ideal complement to any outdoor scene, whether beneath the hot midday heat or among the gentle colours of dusk.
• Alberti Lounge Chair, Woodard Furniture: This Alberti lounge chair by Woodard Furniture incorporates aesthetic characteristics such as lines, angles, and proportions, as well as the subtle elegance and decoration associated with the Renaissance. Alberti is an attractive complement to any outdoor living space, available in a variety of finishes and materials.

Prominent growth is projected in the table sector under the type segment

The table sector is expected to emerge as the market leader in the next years, owing to the increasing prevalence of remote work settings, which necessitates an increased need for adaptable and portable furniture solutions. Tables, with their availability in tiny sizes, allow users to convert common locations such as terraces and balconies into productive workstations by offering a sturdy surface for their electronic devices. This adaptability not only meets the rising trend of remote working but also helps the segment's steady growth. The mobility of these tables adds to their attractiveness, allowing users to move smoothly between indoor and outdoor settings. Furthermore, the availability of tables in a variety of forms and sizes has increased their popularity among residents and households, reinforcing the tables segment's dominance in the outdoor furniture industry.

The Asia Pacific region is expected to hold a significant share of the outdoor furniture market:

The Asia Pacific region is anticipated to grow as the biggest market for outdoor furniture in the future years, owing to an increase in development projects and the real estate industry's robust expansion. As urbanization and infrastructure development improve demand for visually beautiful and functional outdoor furnishings, this dynamic environment is considerably contributing to the market's progress. Furthermore, the region benefits from better availability of a diversified selection of upholstery goods, allowing it to appeal to a wide spectrum of consumer tastes. The internet has played a critical role in providing increased access to a plethora of local and international furniture companies, hence extending customer options. Given these variables in play, the Asia Pacific region is well-positioned to sustain its leadership position in the outdoor furniture industry, providing an appealing combination of construction-driven demand and a wide range of options made possible by digital connection.

Key developments:

• Kimball International, Inc., a renowned commercial furnishings manufacturer with experience in workplace, health, and hospitality, was acquired by HNI Corporation in June 2023.

Segmentation:

• By Type
  • Tables
  • Chairs
  • Loungers
  • Dining Set
  • Others
• By Material
  • Wood
  • Plastic
  • Textile
  • Others
• By Distribution Channel
  • Online
  • Offline
  • Home Centers
  • Flagship Stores
  • Specialty Stores
• By End-Users
  • Commercial
  • Residential
• By Geography
  • North America
    • United States
    • Canada
    • Mexico
  • South America
    • Brazil
    • Argentina
    • Others
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Spain
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • Others
  • Asia Pacific
    • Japan
    • China
    • India
    • South Korea
    • Taiwan
    • Thailand
    • Indonesia
    • Others