PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1573861
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1573861
Outdoor Living Structure Market, Opportunity, Growth Drivers, Industry Trend Analysis and Forecast, 2024-2032
The Global Outdoor Living Structure Market was valued at USD 2.9 billion in 2023 and is projected to grow at a CAGR of 6.5% from 2024-2032. A rising trend is evident as homeowners increasingly view outdoor spaces as extensions of their homes. These consumers are not just looking for functional spaces but also aesthetically pleasing environments for relaxation, entertainment, and social gatherings. Advancements in durable, low-maintenance materials, such as composite decking and weather-resistant fabrics, have broadened the appeal and variety of outdoor living structures. As outdoor gatherings, barbecues, and family events become more popular, the demand for well-designed outdoor spaces rises. Homeowners, driven by a desire to enhance property value and appeal, are investing more in these spaces, especially with higher homeownership rates.
The overall outdoor living structure industry is classified based on type, material, end-use, distribution channel, and region.
The market is segmented by type into a pergola, gazebos, pavilions or ramadas, greenhouses, arbors, and others. Dominating the market in 2023 with a valuation of USD 0.9 billion, pergolas are projected to reach USD 1.7 billion by 2032. Pergolas not only extend living spaces outdoors but also create versatile areas for dining, relaxation, and entertainment. Their demand is further fueled by the availability of customizable designs in diverse styles and materials, such as wood, metal, and vinyl. Gazebos, on the other hand, provide complete protection from rain and sun, making them ideal for year-round use and driving their demand for outdoor events.
Market segmentation by material includes wood, steel, aluminum, vinyl, and others. Wood dominated the market in 2023 with a 41% share and is expected to maintain its growth trajectory. Celebrated for its natural beauty and warmth, the wood imparts a classic appeal to outdoor structures. Its seamless integration with natural surroundings makes it a top choice for homeowners favoring traditional aesthetics. Moreover, wood's customizability-allowing for specific shapes, stains, and finishes-caters to diverse tastes and architectural themes.
North America, with a market valuation of approximately USD 0.7 billion in 2023, is projected to reach USD 1.3 billion by 2032. North American homeowners increasingly view outdoor areas as extensions of their homes, enhancing spaces for relaxation, dining, and entertainment. In the U.S., the market is set to grow at a CAGR of 6.9% during the forecast period. Rising disposable incomes among U.S. consumers are leading to increased spending on discretionary items, including outdoor living structures. As economic conditions improve, more homeowners are finding the means to invest in these luxury enhancements.
Table of Contents
Chapter 1 Methodology and Scope
- 1.1 Market scope and definitions
- 1.2 Base estimates and calculations
- 1.3 Forecast calculations
- 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, 2021-2032
Chapter 3 Industry Insights
- 3.1 Industry ecosystem analysis
- 3.1.1 Factor 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
- 3.2 Supplier landscape
- 3.3 Profit margin analysis
- 3.4 Raw material analysis
- 3.5 Key news and initiatives
- 3.6 Regulatory landscape
- 3.7 Impact forces
- 3.7.1 Growth drivers
- 3.7.1.1 Rapid urbanization and growing construction
- 3.7.1.2 Increasing outdoor living trends
- 3.7.1.3 Increasing disposable income
- 3.7.1.4 Increasing home investment
- 3.7.2 Industry pitfalls and challenges
- 3.7.2.1 Price sensitivity
- 3.7.2.2 Building codes and regulations
- 3.7.1 Growth drivers
- 3.8 Growth potential analysis
- 3.9 Porter's analysis
- 3.10 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 Type, 2021-2032 (USD Billion) (Million Units)
- 5.1 Key trends
- 5.2 Pergola
- 5.3 Gazebo
- 5.4 Pavilion or ramada
- 5.5 Greenhouses
- 5.6 Arbor
- 5.7 Others
Chapter 6 Market Estimates and Forecast, By Material, 2021-2032 (USD Billion) (Million Units)
- 6.1 Key trends
- 6.2 Wood
- 6.3 Steel
- 6.4 Aluminum
- 6.5 Vinyl
- 6.6 Others (fiberglass, etc.)
Chapter 7 Market Estimates and Forecast, By End-use, 2021-2032 (USD Billion) (Million Units)
- 7.1 Key trends
- 7.2 Residential
- 7.3 Commercial
- 7.3.1 HoReCa
- 7.3.2 Schools and institutions
- 7.3.3 Offices
- 7.3.4 Others (community centers, Gov. buildings, etc.)
Chapter 8 Market Estimates and Forecast, By Distribution Channel, 2021-2032 (USD Billion) (Million Units)
- 8.1 Key trends
- 8.2 Direct
- 8.3 Indirect
Chapter 9 Market Estimates and Forecast, By Region, 2021-2032 (USD Billion) (Million Units)
- 9.1 Key trends
- 9.2 North America
- 9.2.1 U.S.
- 9.2.2 Canada
- 9.3 Europe
- 9.3.1 UK
- 9.3.2 Germany
- 9.3.3 France
- 9.3.4 Italy
- 9.3.5 Spain
- 9.3.6 Russia
- 9.3.7 Rest of Europe
- 9.4 Asia Pacific
- 9.4.1 China
- 9.4.2 India
- 9.4.3 Japan
- 9.4.4 South Korea
- 9.4.5 Australia
- 9.4.6 Rest of Asia Pacific
- 9.5 Latin America
- 9.5.1 Brazil
- 9.5.2 Mexico
- 9.5.3 Rest of Latin America
- 9.6 MEA
- 9.6.1 South Africa
- 9.6.2 Saudi Arabia
- 9.6.3 UAE
- 9.6.4 Rest of MEA
Chapter 10 Company Profiles
- 10.1 Azek Building Products
- 10.2 CertainTeed
- 10.3 CRH plc
- 10.4 Draper, Inc.
- 10.5 Glenwood Springs
- 10.6 Haworth
- 10.7 Kichler Lighting
- 10.8 Lowe's Companies, Inc.
- 10.9 RDI Rail
- 10.10 Sunesta
- 10.11 The Home Depot, Inc.
- 10.12 TimberTech
- 10.13 Trex Company, Inc.
- 10.14 Veka AG
- 10.15 Wolf Home Products
