PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616151
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1616151
The Global Outdoor Dining Products Market was worth USD 40.1 billion in 2023 and will register a 5.1% CAGR between 2024 and 2032. The growing popularity of outdoor living spaces will significantly drive the size of the market as consumers increasingly seek to enhance their patios, balconies, and gardens for dining and entertaining. Coupled with the rise of urban living and smaller indoor spaces, many individuals are looking to maximize their outdoor areas for relaxation and social gatherings. This trend fosters a demand for outdoor dining furniture, accessories, and decor as homeowners aim to create inviting and functional outdoor environments for family and friends. The outdoor dining products industry is classified based on product type, material, price, end-use, distribution channel, and region.
The tableware segment achieved 18 billion in 2023 and will grow with a CAGR of 5.3% through 2032, owing to its essential role in enhancing outdoor dining experiences. As consumers increasingly invest in outdoor living spaces, the demand for durable, stylish, and functional tableware becomes paramount. This segment includes items such as plates, cutlery, glasses, and serving dishes specifically designed for outdoor use, often made from weather-resistant materials. The rising popularity of alfresco dining and outdoor gatherings drives the need for high-quality tableware, solidifying its dominance in the market.
The offline segment garnered a 64.8% share in 2023 and will expand to a 5.2% CAGR throughout 2032, primarily due to the tactile shopping experience it offers consumers. Brick-and-mortar stores allow customers to physically assess the quality, comfort, and style of outdoor dining products before making a purchase. Also, in-person interactions with knowledgeable sales staff enhance the shopping experience by providing personalized recommendations and immediate availability. As many consumers prefer to see and feel products in person, the offline segment's strong presence will continue to drive market growth.
Market Scope | |
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Start Year | 2023 |
Forecast Year | 2024-2032 |
Start Value | $40.1 Billion |
Forecast Value | $62.1 Billion |
CAGR | 5.1% |
North America outdoor dining products industry captured a 32.8% market share in 2023 and is expected to demonstrate a 5% CAGR from 2024 to 2032 due to a combination of favorable climate conditions and a strong culture of outdoor living. The region's consumers increasingly prioritize enhancing their outdoor spaces for dining and entertaining, driving demand for various outdoor furniture and accessories. Additionally, the rise in home renovations and landscaping projects contributes to market growth. As manufacturers respond to this trend with innovative and stylish products, North America's robust market presence will be a key contributor to the overall expansion.