Global Outdoor Furniture Market Growth
Consumers' growing interest in home modifications and outdoor living areas is fuelling the expansion of the market. A growing trend propelling the outdoor furniture demand forecast is the introduction of cosy, visually beautiful outdoor spaces for entertainment and leisure. Rising disposable incomes allows more households to invest in high-quality outdoor furniture. People are more willing to update their outdoor living areas and buy high-end furniture that improves comfort and attractiveness when they have more disposable income. This pattern is reflected in the rising demand for high-end, customized outdoor solutions. Furthermore, increased disposable income encourages expenditure on outdoor and house improvement projects, which propels market expansion overall.Furthermore, new developments in weather-resistant materials and innovative designs improve the visual appeal and longevity of products. The growth of the industry is also aided by urbanization and the extension of outdoor areas for businesses and residences. Demand from customers is further boosted by social media's effect in promoting outdoor living trends and seasonal discounts. This, in turn, also positively impacts the outdoor furniture market revenue over the years.
Key Trends and Recent Developments
Increasing renovation activities, use of sustainable materials, integration of smart and connected features are boosting the outdoor furniture market developmentMarch 2024
With a variety of vivid cushion colours and metal frame options for consumer customization, SPIN Outdoor Furniture recently launched Bistro Outdoor Sofas. Bistro high tables as well as barstools with comfortable backrests are among the new additions to the collection; they're perfect for outdoor get-togethers throughout the chilly winter months. They are the ideal choice for any outdoor spill-over location because they have been carefully chosen for comfort and design, thus pushing the outdoor furniture demand.February 2024
The Haworth Group reported USD 2.57 billion in sales for 2023, a 3% increase over 2022. Since 2019, the company has expanded by 16%. Several new product debuts as well as the launch of Haworth DesignLab, a carefully chosen collection of innovative product concepts from up-and-coming designers, were part of Haworth's innovation pipeline.December 2023
Haworth confirmed the license for the Ralph Lauren home furniture collection, finalized the acquisition of Zanotta, and extended in the Middle East market. The company's award-winning product platforms and brand focus on design continue to dominate the industry and play a crucial role in shaping the trend of global outdoor furniture market.April 2023
The premium Italian furniture manufacturer Cassina SpA acquired competitor manufacturer Zanotta. Zanotta will become a part of the esteemed group of furnishing, lighting, and accessory brands that are under the control of the Haworth Lifestyle Design group. These brands include Cassina, Luxury Living, Cappellini, Karakter, Ceccotti, Poltrona Frau, Janus et Cie, lighting and accessory brand Luminaire, and Interni.Surging Renovation Activities
The outdoor furniture demand growth is aided by the growth of the housing development industry. Outdoor furniture is widely used in the hospitality industry, and the growth of the tourism sector has lubricated the industry growth. They are widely used as decorative lounge chairs, upholsteries, and tables in hotels and restaurants, which further propel the demand.Use of Sustainable Materials
An increasing number of people are choosing environmentally friendly patio furniture composed of recycled or environmentally friendly supplies. In line with broader sustainability trends, consumers are beginning to value products that have a minimal environmental impact, such as FSC-certified wood or recycled plastic. Thus, such usage enhances the outdoor furniture market value globally.Integration of Smart Features
Technology is increasingly being incorporated into outdoor furniture. Wireless charging stations, built-in speakers, and LED lighting are just a few features that improve practicality and appeal to tech-savvy customers by fusing contemporary technology with casual outdoor living.Launch of Multi-functional Products
Multifunctional outdoor furniture is growing in popularity, including tables that function as fire pits or benches with secret storage. These adaptable designs enhance the whole outdoor living experience and maximize space and usefulness, making them perfect for small or multipurpose outdoor spaces.Outdoor Furniture Market Trends
Convenience and functionality are increased with innovative elements in outdoor furniture. For example, some modern patio tables include integrated wireless charging stations that let customers charge their gadgets without the need for additional cords. An additional illustration would be outdoor couches that have built-in LED lighting, which adds ambience and lighting to get-togethers in the evening. Furthermore, some outdoor furniture sets have integrated Bluetooth-connected speakers that allow for seamless music listening. These inventions offer more comfort and versatility while improving the outdoor experience. Thus, by fusing technology with conventional outdoor furniture, key players can aid in pushing the outdoor furniture industry revenue.One noteworthy firm that incorporates smart technologies into outdoor furniture is Sobro. With its integrated Bluetooth speakers, wireless charging pads, and LED lighting, the Sobro Smart Coffee Table has several features. This table not only adds useful surface area, but music and easy device charging also make outdoor get-togethers more enjoyable. The addition of these functions demonstrates how cutting-edge comforts, and practicality may be combined to upgrade outdoor furniture using modern technologies.
Outdoor Furniture Industry Segmentation
The report titled “Outdoor Furniture Market Report and Forecast 2025-2034” offers a detailed analysis of the market based on the following segments:Based on the materials, the market is divided into:
- Wood
- Metal
- Plastic
- Textile
- Others
The major products of outdoor furniture are:
- Chairs
- Table
- Seating Sets
- Dining Sets
- Loungers and Daybeds
- Others
The market, based on end-use, can be broadly categorised into:
- Residential
- Commercial
- Others
The report looks into the regional markets of outdoor furniture like:
- North America
- Europe
- Asia-Pacific
- Latin America
- Middle East and Africa
Outdoor Furniture Market Share
Commercial End Use Sector to Gain Traction Owing to the Rapid Urban Development
Growing investments in public places such as restaurants, hotels, and business environments are likely to propel the commercial segment to a leading share of the outdoor furniture market. To improve client experiences and create comfortable environments, businesses are giving priority to outdoor spaces. The need for strong, fashionable furniture in these environments is further fuelled by the growth in urban development and refurbishment initiatives. Factors such as these eventually propel the demand for outdoor furniture.As per outdoor furniture industry analysis, larger quantities and tailored solutions are frequently needed by commercial properties, which results in increased sales volumes. The desire for practical, aesthetically beautiful furniture solutions is driving the rise of the commercial category as outdoor living spaces become increasingly important to hospitality and corporate initiatives.
The rising demand for quality houses with open spaces in developing countries is one of the key outdoor furniture market dynamics and trends. Furthermore, the emergence of the middle class has enabled spending on the tourism sector. This has led to the increasing development of hotels, resorts, gardens, and open public spaces customised for mainly leisure purposes, consequently facilitating market growth.
Wood Furniture to be Highly Preferred for its Timeless Beauty and Long-Lasting Nature
Among the various outdoor furniture market opportunities, dealing with wood furniture is a significant one. Wood outdoor furniture is more favoured by consumers, both B2B and B2C, than other materials due to its timeless style, robust nature, and appeal. Wood has a classic appearance that goes well with many outdoor design aesthetics, from contemporary to rustic, and creates a comfortable, welcoming ambiance. Furthermore, with the right maintenance, premium timbers like teak or cedar have innate resistance to weather and pests, guaranteeing endurance. For instance, a teak dining set not only improves a patio's aesthetic appeal but also endures weather better than materials such as plastic or metal, which could need more regular upkeep or replacement. Wood is a popular option for discriminating customers because of its long-term value, aesthetic appeal, and durability, boosting the growth of the outdoor furniture industry globally.Outdoor Furniture Market Regional Analysis
North America is Witnessing Significant Growth Due to Flourishing Tourism Sector
North America is one of the largest markets for outdoor furniture due to the shift towards better living conditions and the rising demand for aesthetic outdoor spaces. The tourism sector is flourishing rapidly in the continent because of the high disposable income and changing lifestyles, further invigorating the outdoor furniture market share in North America. Moreover, the increasing renovation sector and the construction of new enclosed spaces are also propelling the market growth.Additionally, the prominence of wood in the construction of outdoor furniture is providing an eco-friendly option to environmentally conscious consumers, hence catalysing the market growth. The Asia-Pacific market is also witnessing robust growth due to the rapid urbanisation, and the rising popularity of outdoor leisure spaces, consequently contributing to the overall growth of the outdoor furniture market.
Competitive Landscape
The leading companies push product range expansion, design trends, and innovation. With a variety of products, they shape customer preferences, guarantee quality, and foster growth of outdoor furniture market.Ace Hardware Corporation
Headquartered in the United States, and established in 1924, patio sets, loungers, and dining tables are just a few of the outdoor furniture options available at Ace Hardware. Their collection includes sturdy components like wood, wicker, and metal that are frequently combined with cosy cushions. The emphasis is on useful, adaptable objects that fit a range of outdoor settings and price points.Century Furniture LLC
Headquartered in North Carolina, United States, and established in 1947, the company offers high-end, personalized outdoor furniture. They provide sophisticated dining sets, sofas, and chaise lounges made of high-quality materials including aluminium and teak. They provide a strong emphasis on elegant design and craftsmanship, enabling custom solutions for posh outdoor living spaces in homes and businesses.Forever Patio
Headquartered in California, United States, sophisticated, weather-resistant outdoor furniture is the speciality of Forever Patio. Their product line consists mostly of aluminium and synthetic wicker sectional sofas, dining sets, and loungers. Founded in the year 2007, Forever Patio emphasize contemporary design and robustness, providing a selection of choices that blend comfort with weather resistance.Other key players in the outdoor furniture market report are Haworth, Inc., and Nilkamal Furniture, among others.
Table of Contents
Companies Mentioned
The key companies featured in this Outdoor Furniture market report include:- Ace Hardware Corporation
- Century Furniture LLC
- Forever Patio
- Haworth, Inc.
- Nilkamal Furniture