Restaurant Furniture Market - Growth, Trends, and Forecasts (2023 - 2028)

The furniture market is expected to register a CAGR of 5% over the next five years.

In restaurants, furniture setup plays an important role; The right seating sets the scene for guests' dining experience. Nevertheless, it's not all about aesthetics. Seating capacity and constant furniture use are just a couple more aspects that must be considered.

The restaurant industry is constantly evolving, and so are the furniture trends that are popular among restaurant owners. Like everything else, restaurant furniture changes over the years and even from season to season. One year restaurants might be using a lot of upholstered chairs, and another year, you'll see restaurant chairs with armrests. Following the latest trend in the letter is not a good idea, but you can stay current by including trendy elements in your restaurant decor.

Custom furnishing is in high demand when the economy is expanding. The furniture market is booming and is expected to expand by much more in the coming years.

The COVID-19 pandemic impacted the restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants.

Restaurant Furniture Market Trends

Increasing Demand for Patio Furniture

Patio furniture, also called Garden furniture or outdoor furniture, is a type of furniture specifically designed for outdoor use. Revenue in the Outdoor Furniture segment amounts to USD51.77bn in 2023. The market is expected to grow annually by 4.85% (CAGR 2023-2028). In global comparison, most revenue is generated in the United States (USD17,790.00m in 2023). About total population figures, per-person revenues of xx are generated in 2023.

The growth of the restaurant furniture industry is primarily driven by the rising need for patio furniture products in hotels, resorts, open spaces, and public gardens. These trends are mainly observed in seaside areas, hill stations, scenic beauty places, and historical monuments. In addition, consumer attention is changing to enhancing outside areas to provide more aesthetically pleasing and comfortable designs in balconies, gardens, and porches, supporting industry development.

Asia-Pacific is Expected to Witness the Highest Growth

Shortly, there will be an increasing demand for restaurant furniture in Asia-Pacific regions, which is expected to drive the market for more high-quality restaurant furniture.

Rising consumer income, changing demographics, and a good macroeconomic outlook in emerging Asian nations are anticipated to drive demand for restaurant renovation. The growth of a brand may depend critically on innovation, excellence in retailing, and pricing customized to specific market categories.

Nowadays, due to the accessibility of a large range of restaurant furnishings goods at reasonable costs, every consumer prefers and relies on online retail platforms to purchase furniture. The two main drivers influencing the restaurant furniture market in the Asia-Pacific region are improving lifestyles and rising disposable income.

Restaurant Furniture Industry Overview

The report covers the major international players operating in the restaurant furniture market. In terms of market share, some of the major players currently fragment the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support