Outdoor Furniture Market Size & Share, By Product (Seating Sets, Loungers, Dining Sets, Chairs, Tables), Material Type (Wooden, Plastic, Metal), End Use (Commercial, Residential), Regional Forecast, Industry Players, Growth Statistics Report 2024-2032

Market Outlook:

Outdoor Furniture Market crossed USD 48.89 Billion in 2023 and is likely to reach USD 82.6 Billion by end of the year 2032, observing around 6% CAGR between 2024 and 2032.

• Base Year Value (2023): USD 48.89 Billion
• CAGR (2024-2032): 6%
• Forecast Year Value (2032): USD 82.6 Billion
• Historical Data Period: 2019-2023
• Largest Region: North America
• Forecast Period: 2024-2032

Market Dynamics:

Growth Drivers & Opportunity:

The increasing popularity of outdoor living spaces and the growing trend of outdoor entertaining are driving the growth of the outdoor furniture market. Consumers are increasingly seeking to create cozy and functional outdoor spaces, leading to heightened demand for outdoor furniture.

Furthermore, the rise in disposable incomes and the growing focus on home improvement and renovation projects are fueling the growth of the outdoor furniture market. Consumers are willing to invest in high-quality outdoor furniture to enhance the aesthetic appeal and functionality of their outdoor spaces, driving market growth.

The shift towards sustainable and eco-friendly materials in outdoor furniture manufacturing is also a major growth driver. With increasing awareness about environmental issues, consumers are increasingly opting for outdoor furniture made from sustainable materials such as recycled plastic or bamboo, further boosting market growth.

Report Scope

Report Coverage	Details
Segments Covered	Product, Material Type, End Use
Regions Covered	• North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Italy, Spain, Rest of Europe) • Asia Pacific (China, Japan, South Korea, Singapore, India, Australia, Rest of APAC) • Latin America (Argentina, Brazil, Rest of South America) • Middle East & Africa (GCC, South Africa, Rest of MEA)
Company Profiled	Inter IKEA Systems B.V., Ashley Outdoor Furniture Industries,, Brown Jordan, Kenter, Agio International Company, LTD, Lloyd Flanders,, Barbeques Galore, Century Outdoor Furniture LLC., Aura Global Outdoor Furniture, Kimball International

Industry Restraints:

However, high costs associated with outdoor furniture products act as a major restraint in the market. Outdoor furniture, especially those made from high-quality materials, can be quite expensive, which may deter budget-conscious consumers from making a purchase.

Additionally, the seasonal nature of the outdoor furniture market poses a challenge for manufacturers and retailers. Sales of outdoor furniture are typically higher during the spring and summer months, with demand dropping significantly during the colder months. This seasonality can lead to fluctuations in sales and revenue, posing a challenge for market growth.

Regional Forecast:

North America:

The outdoor furniture market in North America is expected to witness steady growth due to the increasing demand for outdoor living spaces and the rise in disposable income. The United States is the largest market in the region, followed by Canada. Factors such as the growing trend of outdoor dining and entertaining, as well as the expansion of the hospitality industry, are driving the market growth in North America.

Asia Pacific:

The outdoor furniture market in Asia Pacific is projected to experience significant growth, particularly in countries like China, Japan, and South Korea. The region has a large population and rapid urbanization, leading to a surge in demand for outdoor furniture. Rising middle-class population and changing consumer lifestyles are also contributing to the market growth in Asia Pacific.

Europe:

In Europe, countries like the United Kingdom, Germany, and France are key markets for outdoor furniture. The region is witnessing a growing interest in outdoor living spaces, with consumers investing in both residential and commercial outdoor furniture. The demand for stylish and durable outdoor furniture is on the rise in Europe, fueled by factors like increasing spending on home decor and a preference for outdoor leisure activities.

Segmentation Analysis:

In terms of segmentation, the global Outdoor Furniture market is analyzed on the basis of Product, Material Type, End Use.

Outdoor Furniture Market

*Seating Sets:* The outdoor furniture market segment for seating sets includes a variety of options such as sofas, loveseats, and sectionals. Consumers often prefer seating sets for their outdoor spaces to create a comfortable and inviting atmosphere for socializing and relaxing.

*Loungers:* Loungers are popular outdoor furniture items for sunbathing and poolside relaxation. This segment offers a range of designs and materials to meet the specific needs and preferences of consumers looking to enhance their outdoor living spaces.

*Dining Sets:* The dining sets segment of the outdoor furniture market includes tables and chairs designed for outdoor dining experiences. Consumers often seek durable and weather-resistant dining sets that can withstand various outdoor conditions while providing a stylish and functional addition to their outdoor spaces.

*Chairs:* Outdoor chairs come in various styles, materials, and designs, catering to the diverse preferences of consumers. From Adirondack chairs to sling chairs, this segment offers a range of choices for consumers looking to furnish their outdoor patios, decks, or gardens.

*Tables:* Tables are essential outdoor furniture items for dining, entertaining, or simply functional use. The tables segment of the outdoor furniture market includes a wide selection of shapes, sizes, and materials to accommodate different outdoor settings and activities.

*Wooden:* Wooden outdoor furniture remains a popular choice among consumers for its timeless aesthetic appeal and natural durability. This segment includes a range of wooden furniture items, from teak to cedar, catering to consumers looking for a classic and sturdy outdoor furniture option.

*Plastic:* Plastic outdoor furniture offers affordability and low maintenance, making it a practical choice for consumers seeking cost-effective and easy-to-clean outdoor furniture options. This segment includes chairs, tables, and loungers made from quality plastic materials designed to withstand outdoor elements.

*Metal:* Metal outdoor furniture is known for its durability, strength, and modern aesthetic appeal. This segment includes aluminum, steel, and wrought iron furniture items that provide consumers with stylish and sturdy options for their outdoor spaces.

*Commercial:* The commercial segment of the outdoor furniture market caters to businesses, hotels, restaurants, and other commercial establishments seeking durable and stylish outdoor furniture solutions. This segment offers a range of seating sets, loungers, dining sets, and chairs designed to withstand heavy use in commercial settings while enhancing the overall outdoor ambiance.

*Residential:* The residential segment of the outdoor furniture market targets homeowners and individuals looking to create functional, comfortable, and aesthetically pleasing outdoor living spaces. This segment offers a variety of outdoor furniture options, including seating sets, loungers, dining sets, chairs, and tables, to meet the diverse needs and preferences of residential consumers.

Competitive Landscape:

Competitive landscape in the Outdoor Furniture Market includes a mix of international and regional players competing for market share. The market is characterized by intense competition, strategic partnerships, mergers and acquisitions, and product innovations to gain a competitive edge. The top 10 companies operating in the Outdoor Furniture Market are as follows:

1. Brown Jordan International

2. Agio International Co. Inc.

3. Ashley Furniture Industries Inc.

4. Homecrest Outdoor Living

5. Keter Plastic

6. Century Furniture LLC

7. Barbeques Galore

8. Dedon

9. Restoration Hardware

10. Ace Evert, Inc.