Outdoor furniture or patio furniture market is experiencing an all-time high with the idea of outdoor living enjoying massive popularity among consumers. Outdoor furniture ranges from benches, tables, chairs, to simple hammocks. When combined with flower gardens or artefacts, they can add flair to compounds. Such furniture is specially designed to withstand harsh climatic conditions since they are meant for outdoor use. Market Research Future (MRFR’s) latest study on outdoor furniture market highlights the various factors impacting the market over the forecast period of 2016-2022.
With the trend of outdoor living gaining popularity, the outdoor furniture market is poised for rapid growth. A clear visible trend is the shift from more traditional furniture to more-design driven furniture. Consumers are more driven to use their outdoor spaces as extended living spaces that are subject to the same underlying needs as that of the home. This has boosted outdoor furniture with a high level of design and trend appeal. Moreover, in frigid zones, the trend of sunbathing in the garden has increased the demand for outdoor furniture considerably.
Convenience is a key selling proposition for outdoor furniture. Low maintenance, easy to clean, and climate-proof are among the highly valued features which have worked in favor of the outdoor furniture market.
Growing sophistication in technology has reflected positively on the market growth. Increase in mechanized mass production, uniformity in design are the recent features of the market which has triggered growth within the market. Development of ec0-friendly outdoor furniture has proven to be a key factor fueling market growth.
Expansion of the hospitality and tourism sector has also induced high demand within the outdoor furniture market. Other factors aiding the growth of the market include accelerated demand from the commercial sector and rise in spending capabilities of consumers. Conversely, the growth of the market might be hindered by the high cost of outdoor furniture.
The global outdoor furniture market has been segmented based on material and product.
By material, the outdoor furniture market has been segmented into metal, plastic, wood, and others.
By product, the outdoor furniture market has been segmented into general furniture, grills, patios, and others.
By region, the outdoor furniture market has been segmented into North America, Rest-of-the-World (RoW), the Middle East & Africa (MEA), Europe, and Asia Pacific (APAC).
North America is leading the outdoor furniture market and is likely to expand at a CAGR of 5% over the forecast period. The market derives its growth from increased demand for outdoor furniture owing to various advantages associated with them, such as aesthetic appeal, easy maintenance, and indoor storage space. Surging environmental concerns, along with rising outdoor renovation, are also supporting the growth of the market. The US, Mexico, and Canada are the key contributors to the North America outdoor furniture market.
Europe has secured the second spot in the global outdoor furniture market. High population density and spending capabilities have led to increased demand for luxurious items in the region. The UK, France, and Germany are country-specific markets in the region.
The APAC outdoor furniture market is anticipated to exhibit remarkable growth over the forecast period. large-scale manufacturing of timber in China and India is a key factor favoring the growth of the market.
The MEA market is expected to demonstrate limited growth over the forecast period. Due to unsuitable climatic conditions, the region lacks processed wood which combined with lack of metal extraction or plastic manufacturing technology is inhibiting the growth of the market. Lack of awareness is also a major bottleneck.
Adams Manufacturing (US), Brown Jordan (US), Dedon (Germany), Century Furniture (US), Forever Patio (US), and Home Depot (US), Barbeques Galore (Australia), Heritage Home Group (US), and Home Crest Outdoor Living (US) are the notable players in the outdoor furniture market.
January 2019 – designer Martyn Lawrence Bullard and Harbour Outdoor, creator of modern luxury indoor, outdoor and patio furniture released their new outdoor furniture line, dubbed the MLB Collection.