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According to MRFR analysis, the global Outdoor Furniture Market is expected to register a CAGR of 6% from 2022 to 2030 and hold a value of over USD 29,300.2 Million by 2030.
Outdoor furniture refers to furniture that is specifically designed for use outdoors, such as on a patio, deck, or garden. It can be made from a variety of materials, including wood, metal, plastic, and wicker. Outdoor furniture includes items such as tables, chairs, benches, and chaise lounges. The COVID-19 pandemic has had a significant impact on the outdoor furniture industry. Many businesses that sell outdoor furniture have experienced decreased demand due to the economic downturn caused by the pandemic, as well as the closure of non-essential retail stores and restrictions on gatherings and events. In addition, the closure of hospitality businesses, such as hotels and restaurants, has also led to decreased demand for outdoor furniture. However, some people have also been spending more time at home due to lockdowns and social distancing measures, leading to an increase in demand for outdoor furniture as people look to create comfortable outdoor spaces for leisure and recreation. As a result, the impact of the pandemic on the outdoor furniture industry has been mixed, with some businesses experiencing decreased demand while others have seen an increase.
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Regional Analysis
The North American region is expected to experience significant growth in the luxury goods market due to its high-density population and rising demand for luxurious items. Europe will be the second-largest market during the forecast period, benefiting from the region’s favorable climatic conditions for wood development. Additionally, countries like India and China – which are seeing an increase in tourist activity – will also be key drivers of market growth.
Market Segmentation
The Global Outdoor Furniture market has been segmented into material, product type, and end user.
Based on the material, the market has been segmented into Metal, Plastic, Wood, Textile, and Others.
Based on the product type, the market has been segmented into Chairs, Tables, Seating Sets, Dining Sets, and Others.
Based on the end user, the market has been segmented into Residential and Commercial.
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Key Players
Some of the key market players are AGIO International Company, LTD, Brown Jordan International, Century Furniture LLC, Inter IKEA Systems B.V., Kimball International, Inc., EMU Group S.P.A., DEDON, The Home Depot, Inc., Haworth, Inc., UNOPIU, Hartman UK, PLAISIR Du JARDIN, Ltd., IKEA.
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