Outdoor furniture market size to grow by USD 5,207.76 million from 2022 to 2027: A descriptive analysis of customer landscape, vendor assessment, and market dynamics

NEW YORK, Jan. 9, 2023 /PRNewswire/ — Technavio categorizes the global outdoor furniture market as a part of the global home furnishings market, which covers products and companies engaged in the manufacturing or marketing of furniture, home textiles, floor coverings, and decorative products. The global outdoor furniture market size is estimated to increase by USD 5,207.76 million between 2022 and 2027. The market’s growth momentum will progress at a CAGR of 3.28{f32667846e1257729eaaee80e922ba34a93c6414e9ad6261aff566c043b9e75d}.

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Global outdoor furniture market – Vendor analysis

Vendor offerings –

• Barbeques Galore (Aust) Pty Ltd – The company offers outdoor furniture such as outdoor lounge settings, outdoor chairs, and sun lounges.

• Brown Jordan Co. – The company offers outdoor furniture such as lounge chairs.

• Century Furniture LLC – The company offers outdoor furniture such as dining chairs, lounge chairs, outdoor corner chairs, and outdoor armless sofas.

• Ellements – The company offers outdoor furniture such as outdoor tables and outdoor chairs.

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Vendor landscape –

The global outdoor furniture market is fragmented, with the presence of several vendors. A few prominent vendors that offer outdoor furniture in the market are Ashcomm LLC, Barbeques Galore (Aust) Pty Ltd, Brown Jordan Co., Century Furniture LLC, Ellements, Gloster Furniture GmbH, Haworth Inc., Higold Group Co Ltd, Homecrest Outdoor Living LLC, Inter IKEA Systems B.V., Keter Home and Garden Products Ltd, Lowes Co. Inc., Metro Plus Lifestyle, Patio Furniture Industries, The Home Depot Inc., TUUCI LLC, Williams Sonoma Inc., Forever Patio, MillerKnoll Inc., and Lloyd Flanders Inc and others.

The global outdoor furniture market is subject to rapidly changing consumer demands and preferences. Consumers’ purchase decisions are largely influenced by their changing lifestyles and emphasis on interior and exterior decor. The demand for outdoor furniture has increased globally owing to the growth of the global outdoor landscaping market. Moreover, the increasing number of construction activities and the availability of high-quality furniture will also favor market growth during the forecast period.

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Global outdoor furniture market – Customer landscape
To help companies evaluate and develop growth strategies, the report outlines –

Global outdoor furniture market – Segmentation assessment

Segment overview

Technavio has segmented the market based on product (outdoor furniture and accessories, outdoor grills and accessories, and patio heating products), end-user (residential and commercial), and distribution channel (offline and online).

• The outdoor furniture and accessories segment will contribute significantly to market growth during the forecast period. The concept of the expansion of outdoor living areas, including comfortable deep seating and elaborate lighting in the outdoor space, is increasing the demand for residential outdoor furniture. Moreover, a strong recovery of the residential housing market and an increase in consumer spending will drive the market’s growth during the forecast period.

Geography overview

Based on geography, the global outdoor furniture market is segmented into North America, APAC, Europe, South America, and Middle East and Africa. The report provides actionable insights and estimates the contribution of all regions to the growth of the global outdoor furniture market.

• North America is estimated to account for 35{f32667846e1257729eaaee80e922ba34a93c6414e9ad6261aff566c043b9e75d} of the growth of the global market during the forecast period. The US, Canada, and Mexico are the key leading countries in the market. The real estate and commercial leasing industries in North America have been witnessing significant growth, which has increased the sales of outdoor furniture in the region. In addition, to meet the growing demand for outdoor furniture, vendors are expanding their product lines by introducing new patio furniture through new ranges and collections. These factors will drive the growth of the market during the forecast period.

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Global outdoor furniture market – Market dynamics

Leading drivers – The innovation in product design, along with the portfolio expansion, is driving the global outdoor furniture market. The focus on outdoor decoration has increased considerably, with changing lifestyles across the world. Vendors are expanding their product lines by providing new patio furniture through new ranges and collections. They are offering furniture with a wide variety of designs, durability, and colors to attract customers. The availability of such products will further drive sales and fuel the market growth during the forecast period.

Key trends – The increasing demand for environment-friendly outdoor furniture is a key trend in the market. Natural materials can withstand harsh weather conditions and have enhanced aesthetic appeal. Eco-friendly furnishing materials are better alternatives to forest wood, such as teak, rosewood, sal, and deodar. Manufacturers are offering a wide range of aesthetic furniture constructed using Moso bamboo, which is stronger and harder than most other types of wood, including oak. Such factors will support the growth of the market during the forecast period.

Major challenges – The long replacement cycle is challenging the market growth. Branded and high-quality furniture does not require frequent replacements, unlike furniture made from cheap materials such as plastic. In addition, the price of outdoor furniture products is high and they are considered a one-time investment by many customers. The average life of outdoor furniture products is 7 years to 9 years. Major manufacturers offer product warranties and guarantees, which further increase product life spans. These factors discourage the repeat purchase of furniture. Thus, the long replacement cycle of furniture is hampering the growth of the market.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find some insights from a sample report!

What are the key data covered in this outdoor furniture market report?

• CAGR of the market during the forecast period

• Detailed information on factors that will drive the growth of the outdoor furniture market between 2023 and 2027

• Precise estimation of the size of the outdoor furniture market and its contribution to the parent market

• Accurate predictions about upcoming trends and changes in consumer behavior

• Growth of the outdoor furniture market across North America, APAC, Europe, South America, and Middle East and Africa

• A thorough analysis of the market’s competitive landscape and detailed information about vendors

• Comprehensive analysis of factors that will challenge the growth of outdoor furniture market vendors

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Related Reports:

The outdoor furniture market in the US is estimated to grow at a CAGR of 3.26{f32667846e1257729eaaee80e922ba34a93c6414e9ad6261aff566c043b9e75d} between 2022 and 2027. The size of the market is forecast to increase by USD 1,434.3 million. This report extensively covers market segmentation by distribution channel (offline and online), product (outdoor furniture and accessories, outdoor grills and accessories, and patio heating products), and end-user (residential and commercial).

The outdoor kitchen cabinets market size is expected to increase by USD 913.09 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 4.75{f32667846e1257729eaaee80e922ba34a93c6414e9ad6261aff566c043b9e75d}. This report extensively covers the outdoor kitchen cabinets market segmentation by end-user (residential and commercial) and geography (North America, Europe, APAC, South America, and the Middle East and Africa).

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Table of contents

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Historic Market Size

5 Five Forces Analysis

6 Market Segmentation by End-user

7 Market Segmentation by Product

8 Market Segmentation by Distribution Channel

9 Customer Landscape

10 Geographic Landscape

11 Drivers, Challenges, and Trends

12 Vendor Landscape

13 Vendor Analysis

14 Appendix

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