Garden furniture market
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Outdoor Furniture Market Size Valuation Forecast: What will the market be worth by 2025?
The outdoor furniture market has grown steadily in recent years. It is expected to grow from $51.17 billion in 2024 to $52.96 billion in 2025, achieving a CAGR of 3.5%. Past growth has been driven by the increase in outdoor living spaces, economic improvements, changing lifestyles, home improvement projects and a focus on outdoor comfort.
Garden Furniture Market Size Forecast: What will the expected valuation be by 2029?
Forecasts indicate that the patio furniture market will grow steadily in the coming years. It is forecast to be worth $63.69 billion by 2029, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this projected increase over the forecast period include higher disposable income, urban development patterns, innovative design approaches, increasing outdoor lifestyle trends and advances in design. Emerging trends such as high-quality textiles, environmentally friendly materials, technological advances, customization and fresh design innovations are also expected in the coming period.
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What are the drivers changing the outdoor furniture market?
The growth of the outdoor furniture market is expected to be driven by an increased emphasis on home renovation. Home renovation is the upgrading, modernization or redesign of an existing residential property in order to increase its aesthetics, functionality or value. Factors such as personalization, property value, functionality, sustainability, lifestyle changes and housing stock condition have shifted the focus on home renovation. Outdoor furniture plays a crucial role in these renovation projects, enriching and expanding outdoor living areas and providing homeowners with comfortable and practical relaxation, dining and entertaining areas. Harvard University's Joint Center for Housing Centers, a US-based research center, reported in January 2023 that spending on home improvement projects will increase from $472 billion in 2022 to $485 billion in 2024. Therefore, the rise in home renovations is driving the growth of the outdoor furniture market.
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What long-term trends will determine the future of the outdoor furniture market?
Leading companies in the outdoor furniture market place emphasis on developing and creating innovative solutions. This includes setting up new showrooms and collaborating with respected designers such as Patricia Urquiola, Philippe Starck, Alfredo Häberli and Jasper, who underline their commitment to design quality. In July 2022, a US-based outdoor furniture manufacturer, Andreu World, opened a new showroom in Germany, demonstrating its commitment to innovative design and global collaboration. The showroom reflects Andreu World's commitment to eco-friendly design methods and is in line with the goal of advocating for environmentally friendly manufacturing processes.
Which segments of the outdoor furniture market offer the greatest profit potential?
The outdoor furniture market covered in this report is segmented:
1) By product: seating sets, lounge chairs, dining room sets, chairs, table, other products
2) By material type: wood, metal, plastic, other material types
3) By End User: Personal, Commercial
Sub-segments:
1) By seating sets: seating sets, conversation sets, sofa sets, benches
2) By loungers: deck chairs, chaise longues, adjustable loungers, lounge chairs
3) By Dining Room Sets: 4 Piece Dining Room Sets, 6 Piece Dining Room Sets, Expandable Dining Room Sets, Bar Height Dining Room Sets
4) By Chairs: Armchairs, Dining Chairs, Rocking Chairs, Adirondack Chairs, Folding Chairs
5) By table: coffee tables, side tables, dining tables, console tables, bistro tables
6) According to other products: outdoor storage solutions, outdoor umbrellas, fire pits and heaters, outdoor pillows and cushions, gazebos and pergolas
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Which companies will dominate the outdoor furniture market by market share and revenue in 2025?
Major companies operating in the outdoor furniture market are The Home Depot Inc., Steelcase Inc., Woodard LLC, La-Z-Boy Inc., Skyline Design, Keter Plastic Ltd., Haworth Inc., Trex Company, Kimball International Inc., Century Furniture LLC, Dedon GmbH, Brown Jordan International, Tropitone Furniture Co., Summer Classics, Ebel Inc., Tuuci, Winston Furniture Company, Hauser Industries, Alfresco Home, Castelle Furniture Co Inc., Lloyd Flanders, Fermob, Sun Garden GmbH, EMU Group, Sifas
Which regions offer the greatest growth potential in the outdoor furniture market?
North America was the largest region in the outdoor furniture market in 2024. Asia Pacific is expected to be the fastest growing region during the forecast period. The regions covered in the outdoor furniture market report are Asia Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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