Outdoor Furniture Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032

Description

The Global Outdoor Furniture Market is set to experience 5.1% CAGR over 2024-2032, due to evolving lifestyle trends. Consumers are enhancing their outdoor environments for relaxation and entertainment, driving demand for stylish and functional furniture. There is a preference for outdoor areas that extend home living spaces, supporting social gatherings, dining, and leisure activities. Innovations in materials and designs, suitable for various climates and aesthetics, have further fueled market growth. For instance, the use of weather-resistant materials has increased by 15% annually, according to a 2023 report by the Outdoor Furniture Association.

There is surge in number of home improvement and renovation projects, supported by rising consumer spending and a focus on better living environments. The expansion of residential and commercial properties, including urban outdoor spaces and hospitality venues, has created a robust demand. Online retail channels have made a wide range of outdoor furniture more accessible, allowing consumers to find products that match their tastes.

The overall outdoor furniture industry is classified based on product, material, pricing, end-user, distribution channel, and region.

The outdoor kitchen furniture segment is gaining traction as homeowners increasingly invest in creating fully functional and stylish outdoor cooking spaces. Outdoor kitchen furniture, which includes items such as weather-resistant cabinets, durable countertops, and built-in grills, offers both convenience and luxury. The rise in culinary interest and entertaining outdoors, coupled with innovations in outdoor furniture design and materials, has fueled demand for high-quality, versatile outdoor kitchen setups.

The synthetic fibres segment will hold a notable market share by 2032, due to its durability, low maintenance, and aesthetic versatility. These materials, including synthetic rattan, polyethylene wicker, and acrylic fabrics, are engineered to withstand various weather conditions, making them ideal for outdoor use. Their resistance to fading, moisture, and temperature fluctuations ensures that outdoor furniture maintains its appearance and functionality over time. Additionally, advancements in synthetic fibre technology have enhanced their texture and appearance, mimicking the look and feel of natural materials while providing superior performance and ease of care.

Latin American outdoor furniture market size will expand significantly over 2024-2032, driven by a burgeoning interest in outdoor living and a rising middle class with increasing disposable income. With rapid urbanization and expansion of residential development, there is a growing demand for stylish and functional outdoor furniture that complements diverse climatic conditions and lifestyles. An influx of international brands and local manufacturers offering a wide range of designs and materials, catering to varied preferences and budgets, will generate revenues. The broader shift towards enhancing outdoor living experiences will augment the regional market outlook.

Product Code: 3025

Chapter 1 Methodology and Scope

1.1 Market scope and definition
1.2 Base estimates and calculations
1.3 Forecast parameters
1.4 Data sources
- 1.4.1 Primary
- 1.4.2 Secondary
  - 1.4.2.1 Paid sources
  - 1.4.2.2 Public sources

Chapter 2 Executive Summary

2.1 Industry 360° synopsis, 2018 - 2032

Chapter 3 Industry Insights

3.1 Industry ecosystem analysis
- 3.1.1 Factors affecting the value chain
- 3.1.2 Profit margin analysis
- 3.1.3 Disruptions
- 3.1.4 Future outlook
- 3.1.5 Manufacturers
- 3.1.6 Distributors
- 3.1.7 Retailers
3.2 Impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Increasing interest in outdoor spaces
  - 3.2.1.2 Focus on home improvement
  - 3.2.1.3 Rising disposable income
  - 3.2.1.4 Increasing urbanization
- 3.2.2 Industry pitfalls and challenges
  - 3.2.2.1 Fluctuating demand
  - 3.2.2.2 Increasing competition in market
3.3 Technology and innovation landscape
3.4 Consumer buying behavior analysis
- 3.4.1 Demographic trends
- 3.4.2 Factors affecting buying decision
- 3.4.3 Consumer product adoption
- 3.4.4 Preferred distribution channel
3.5 Growth potential analysis
3.6 Regulatory landscape
3.7 Pricing analysis
3.8 Porter's analysis
3.9 PESTEL analysis

Chapter 4 Competitive Landscape, 2023

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

Chapter 5 Market Estimates and Forecast, By Product, 2021 - 2032, (USD Billion) (Million Units)

5.1 Key trends
5.2 Outdoor seating furniture
- 5.2.1 Lounge chairs
- 5.2.2 Sofas
- 5.2.3 Loungers
- 5.2.4 Benches
5.3 Outdoor Dining furniture
- 5.3.1 Dining chairs
- 5.3.2 Outdoor tables
- 5.3.3 Side tables
- 5.3.4 Outdoor dining sets
5.4 Outdoor kitchen furniture
- 5.4.1 Side tables
- 5.4.2 BBQ tables
- 5.4.3 Cabinets
- 5.4.4 Back panels
- 5.4.5 Shelf units
- 5.4.6 Others
5.5 Accessories
- 5.5.1 Umbrella bases
- 5.5.2 Pillows
- 5.5.3 Others (cushions, deck patios, bar carts, etc.)
5.6 Others

Chapter 6 Market Estimates and Forecast, By Material, 2021 - 2032, (USD Billion) (Million Units)

6.1 Key trends
6.2 Metal
6.3 Wood
6.4 Plastic
6.5 Fabric
6.6 Synthetic fibres
6.7 Others (textile, non-textile, synthetic fibres)

Chapter 7 Market Estimates and Forecast, By Price, 2021 - 2032, (USD Billion) (Million Units)

7.1 Key trends
7.2 Low
7.3 Medium
7.4 High

Chapter 8 Market Estimates and Forecast, By End User, 2021 - 2032, (USD Billion) (Million Units)

8.1 Key trends
8.2 Residential
8.3 Commercial
- 8.3.1 Restaurants
- 8.3.2 Cafes
- 8.3.3 Bars
- 8.3.4 Hotels
- 8.3.5 Event venues
- 8.3.6 Corporate offices, parks, etc.

Chapter 9 Market Estimates and Forecast, By Distribution Channel, 2021 - 2032, (USD Billion) (Million Units)

9.1 Key trends
9.2 Online
- 9.2.1 E-commerce
- 9.2.2 Company websites
9.3 Offline
- 9.3.1 Specialty stores
- 9.3.2 Department stores
- 9.3.3 Supermarkets and hypermarkets
- 9.3.4 Others (retail stores, etc.)

Chapter 10 Market Estimates and Forecast, By Region, 2021 - 2032, (USD Billion) (Million Units)

10.1 Key trends
10.2 North America
- 10.2.1 U.S.
- 10.2.2 Canada
10.3 Europe
- 10.3.1 Germany
- 10.3.2 UK
- 10.3.3 France
- 10.3.4 Italy
- 10.3.5 Spain
- 10.3.6 Rest of Europe
10.4 Asia Pacific
- 10.4.1 China
- 10.4.2 India
- 10.4.3 Japan
- 10.4.4 South Korea
- 10.4.5 Rest of Asia Pacific
10.5 Latin America
- 10.5.1 Brazil
- 10.5.2 Mexico
- 10.5.3 Rest of Latin America
10.6 MEA
- 10.6.1 Saudi Arabia
- 10.6.2 UAE
- 10.6.3 South Africa
- 10.6.4 Rest of MEA

Chapter 11 Company Profiles (Business Overview, Financial Data, Product Landscape, Strategic Outlook, SWOT Analysis)

11.1 Article
11.2 Ashley Furniture Industries
11.3 Brown Jordan International, Inc.
11.4 Burrow Inc.
11.5 Dedon GmbH
11.6 Ebel Inc.
11.7 Fermob USA, Inc.
11.8 Gloster Furniture
11.9 Grandin Road
11.10 IKEA, Inc.
11.11 Kingsley Bate
11.12 Polywood LLC
11.13 Sifas USA
11.14 Sunset West
11.15 Terra Outdoor Living
11.16 TUUCI
11.17 Woodard Furniture