Outdoor Furniture Market Size, Share & Industry Analysis, By Product Type (Tables, Chairs, Dining Sets, and Others), By Material Type (Wood, Metal, Plastic, and Others), By End-User (Residential and Commercial), and Regional Forecasts, 2024-2032

The global outdoor furniture market size was valued at USD 50.73 billion in 2023 and is projected to grow from USD 53.27 billion in 2024 to USD 81.44 billion by 2032, exhibiting a CAGR of 5.45% during the forecast period. Asia Pacific dominated the outdoor furniture market with a market share of 45.81% in 2023.

Outdoor furniture is mainly used to bring comfort and pleasure to balcony spaces and is designed to withstand any climatic conditions such as heat, cold temperatures, and rain. Such products are multi-functional and require low maintenance, thereby creating an additional charm to spaces such as gardens, lawns, and backyards of homes. Its ability to be exposed to varied climatic conditions and the capability to resist corrosion, fading, water exposure, and wear and tear of the fixture & fitment lead to an overall increase in the demand for such products for residential and commercial spaces.

Rapid urbanization and the rising living standard of people have influenced the manufacturers to design furnishings according to changing customer preferences for keeping in mind the latest fashion and luxury trends. Most upholstery businesses are shifting their focus toward crafting lightweight, environment-friendly, durable fixtures without harming the environment, thereby catering to a broader consumer base.

Due to lockdowns imposed in various countries globally, companies faced difficulties in meeting their channel vendors and suppliers in-person to finalize business deals. This significantly impacted key companies' product revenues. Additionally, the closure of upholstery shops and the shortage of raw material supplies due to these restrictions severely hampered product consumption among the population worldwide.

Outdoor Furniture Market Trends

Consumers' Inclination Toward Attending Physical Events to Surge Product Demand

Consumers are increasingly interested in garden furnishings providing a soothing and comfortable environment for social gatherings such as parties, meetups, and conferences. Garden sofas are designed to adapt to the natural surroundings and external influences of rain, cold, and hot weather conditions. Also, they don't deteriorate over time and balance aesthetic appeal and comfort to provide a sustainable solution for the garden spaces in enhancing users' social interaction. According to a survey by International Casual Furnishings Association in January 2021, nearly 6 in 10 Americans (58%) plan to buy at least one new piece of furnishing accessories for their lawn living spaces.

Moreover, lawn dining tables are made from aesthetically appealing materials that are weather-resistant and durable thereby supplementing the demand for such products. They are extensively built to operate in lawns, gardens, and backyards of homes and increase people's interest to enjoy outside and gather for meetups and discussions.   

Outdoor Furniture Market Growth Factors

Growing Number of Restaurant & Hotel Chains to Accelerate Product Demand

The fast-paced urban life and increasing financial capacities of the population have enabled them to spend on recreation activities such as dining on rooftop bars and kitchens. The growing demand for comfortable dining has paved numerous growth opportunities for hotels and restaurants to go for rooftop dining spaces. Such products provide a cozy appeal and can be used as open-air dining in rooftops of restaurants and hotels, which positively influenced the consumption of dining chairs and tables for outside seating. Furthermore, the hotel and restaurant industry is continuously changing due to consumer preferences, societal shifts, and technological advancements. The Micro, Small, and Medium Enterprises (MSMEs) have introduced new and innovative infrastructure concepts for the restaurant industry, further boosting market growth.

Moreover, the common areas have ample spaces for seating, and thus increase the consumer serving capacity. As per the recent survey presented by the National Restaurant Association (NRA in February 2021), the state of the restaurant industry report shows that 62% of fine dining and 56% of casual dining restaurant operators have dedicated more resources to developing and expanding lawn dining since the start of the coronavirus pandemic. The increasing investments in decorative furnishings for garden spaces have significantly bolstered the outdoor furniture market growth.

Increasing Residential Spending on Luxurious & Comfortable Furnishings to Drive Market Growth

Spacious dining tables and chairs are designed for balconies, gardens, and backyard usage in the residential sector thereby, influencing the buying decision of consumers for such products. The growing family structure has allowed the population to opt for comfort and convenience for their living, thereby surging the demand for such products. Manufacturers are focused on developing a premium range of fixture collections to suit changing customer preferences. Consumers' rising interest in high-quality and stylish balcony seating has paved lucrative growth opportunities. The growing number of urban homes and increasing spending on home renovation and decoration have also favored significant demand for such products. The rise in popularity of traditional handicraft-design blended furniture with modern design and functionalities attracts a large consumer base, which will further propel the market growth.

Also, the manufacturers are launching innovative products in partnership with design schools and colleges. For instance, in 2019, Brown Jordan partnered with the Savannah College of Art & Design (SCAD) to mentor 16 students, working closely to help them create their garden fixture collections. 

RESTRAINING FACTORS

High Raw Material Cost to Limit the Production Process and Hinder Market Expansion

Furnishings are usually made from wood, metal, and plastic or a combination of them and are sophistically designed to suit changing customer requirements. The materials are high priced and involve higher manufacturing costs, raising the final product price. The materials used to prepare such products need to display numerous properties, such as corrosion-resistance, crack-proof, and high tensile strength, etc. Furthermore, the rise in transportation and labor costs, along with the rise in global geopolitical tensions, are the factors that increase raw material costs. However, the high cost embedded in the production of such products ultimately hinders consumer demand, thereby restraining industry growth.

Outdoor Furniture Market Segmentation Analysis

By Product Type Analysis

Table Segment to Dominate Owing to Its Widespread Use in Residential and Commercial Sectors

Based on product type, the global market is divided into tables, chairs, dining sets, and others. The tables segment is expected to witness progressive growth and hold a dominant share due to the growing prevalence of remote working conditions that demand greater consumption of tables across households. The tables are available in compact sizes, allowing the users to work from common spaces such as terraces and balconies by placing their gadgets, thereby uplifting segment growth. They are portable and are spacious to load several items for outdoor work. Tables of various shapes and sizes are gaining significant adoption across residents and households, which has propelled segmental growth.

However, the chairs segment is also estimated to witness significant growth due to its widespread usage in residential and commercial spaces. They can be placed anywhere outside since they can withstand changing weather conditions and possess numerous resistant properties to sustain prolonged use. They are available in multiple designs and offer comfort for resting.

The dining segment is expected to show considerable growth in the upcoming years since dining sets provide a comfortable space to dine and drink with family and friends on special occasions. Moreover, they are extensively used for casual dining in hotels and restaurants.

By Material Type Analysis

Wood Segment to Hold a Major Market Share Owing to its Cost Effectiveness over Other Types

The global market is segmented into wood, metal, plastic, and others based on material type. The wood segment holds the largest share in the market due to its durability and low maintenance requirements. The water-proof and insect-repellent properties of wooden materials, such as mahogany, teakwood, acacia wood, and cedar, find wide usage in crafting and upholstery. These wooden materials can withstand constant rough use and are resistant to moisture and fluctuating temperatures. Moreover, wood is cost-effective and ideal for crafting essential furnishing items for exteriors and indoors. It is primarily used in manufacturing wooden upholstery, and the exports/imports of wooden material are rising significantly in the past years. For instance, according to the Forest Policy Trade and Finance Initiative report in 2020, India's total timber product exports were valued at USD 1.13 billion. Moreover, domestic consumption of wood products has also risen as the country has undergone rapid urbanization and strong population growth.

However, the metal segment is projected to witness substantial growth in the coming years due to its strength and robustness of metal products over other types. Also, metals have different characteristics, enabling them to form complex shapes and designs to make the fixtures look more appealing. Metallic chairs made of stainless steel are sturdy and do not dent from frequent use. Due to their high density, they are an excellent option for building chairs and sectionals for parks, gardens, and stadiums.

Moreover, plastic material is widely used in crafting chairs and tables for balcony spaces as it is lightweight, and plastic is often inexpensive compared to wood and metal.

By End-User Analysis

Rising Demand for Luxury Fixtures from Homes to Aid Growth of the Residential Segment

The residential segment holds the dominant share in the market due to the growing consumption of lawn and balcony fixtures in households and residencies. Rising disposable income and lifestyle trends have captured consumers' interest in luxurious furnishings that make their homes' outside gardens and terraces efficiently pleasing. Also, growing consumer preference for home renovation and modification have demanded a greater consumption of sustainable fixtures that positively influences the surrounding's beauty and plays a significant role in the family's health and well-being.

However, the commercial segment is also anticipated to hold a significant share in the coming years, owing to the growing number of restaurants and hotel chains with open-air dining facilities. This, in turn, is expected to boost the growth of such products in the commercial segment. The manufacturers constantly work on innovative trends for producing sustainable furnishing products according to the functional requirements of users. Dining sets are used extensively for casual seating in bars and pubs and are crafted into luxurious and stylish finishing from metal and wooden material. Moreover, the rising government support and rise in hotel & restaurant demand from metro and non-metro cities will further boost the demand for outdoor furniture in the commercial segment.

REGIONAL INSIGHTS

Asia Pacific held the largest outdoor furniture market share due to increasing construction projects and growth of the real estate industry. This, in turn, is boosting market growth. Moreover, greater availability of a wide range of upholstery items coupled with increasing access to various domestic and international furnishing brands through the internet has positively impacted market growth in this region.

North America holds a significant share globally due to the presence of prominent manufacturers associated with upholstery businesses. In this region, key players, such as Brown Jordan, Sunset West U.S., and Gabriella White LLC, deal with crafting numerous upholstery items in different shapes, sizes, and aesthetic appeal. The rising disposable income and changes in consumer preferences have bolstered the demand for greater consumption of chairs for lawn activities. For instance, the U.S. fitting and fitments industry has been on a steady growth curve driven by a strong economy. As per the statistical data presented by the U.S. Bureau of Economic Analysis (BEA) survey in 2019, consumer spending on furniture reached USD 114.2 billion in 2018, increasing by 6.7%. Moreover, the increasing trend of socializing with friends through celebrations and parties has influenced dining table requirements for garden and yard spaces across households and residencies. The growth in the number of luxurious bars and restaurants with rooftop dining has also supported rooftop furnishing in such spaces to provide customer satisfaction.

In Europe, the growing lifestyle trends and increasing infrastructural developments are paving lucrative growth opportunities in the market. The demand for furnishing products is rising due to the ever-increasing fashion for home renovation and decorative furnishings. In addition, manufacturers are designing a premium range of furnishing collections for decorating outside spaces, thereby fulfilling the consumer's preferences toward purchase. The increasing presence of gardens and lawns for leisure and comfort also encourages large quantities of chairs and benches, thereby uplifting regional growth. Growing demand for garden stools across Europe is pulling more imports on such products. According to the estimated data published by CBI Ministry of Foreign Affairs, the total imports of exterior fixtures and fitments in the region have increased from USD 523.87 million in 2014 to USD 621 million in 2018.

Furthermore, South America and the Middle East & Africa markets are likely to showcase moderate growth. The market in this region is expected to witness noticeable growth due to changes in the standard of living and an increase in demand for patio furniture leading to the flourishing demand for outdoor furniture products during the forecast period.

List of Key Companies in Outdoor Furniture Market

Innovation and Portfolio Diversification are the Key Strategies Fueling Market Proliferation

The products in the market is highly diversified owing to the presence of a large number of competitors along with the presence of new entrants globally. The demand for outdoor furniture is continuously owing to which manufacturers are focusing on launching innovative and technologically effective solutions that may simultaneously attract customers. Prominent companies associated with balcony furnishings use new product launches and brand-building strategies to expand their business portfolio in this segment. For instance, IKEA is a leading furnishing and fixture manufacturer, which has created inspiring ideas for balcony spaces by launching a diverse portfolio of products such as dining chairs and tables, sun loungers, and hammocks chairs.

LIST OF KEY COMPANIES PROFILED:

• IKEA (Netherlands)


• Brown Jordan Co. (U.S.)


• Gloster Furniture (U.S.)


• Aura Global Furniture (India)


• Kettal Group (Spain)


• Woodard Furniture (U.S.)


• Royal Botania (Belgium)


• Ashley Furniture Industries, Inc. (U.S.)


• Kimball International (U.S.)


• Bernhardt Furniture Company Inc. (U.S.)

KEY INDUSTRY DEVELOPMENTS:

• February 2023: Vetra, a leading producer outdoor furniture products, has launched a luxurious outdoor furniture range. The launch will help the company to expand its reach and increase its product line depth.


• March 2023: SICIS s.r.l. has launched its outdoor furniture products in India, which are available through Tessera India. The launch will help the company in increasing its customer base along with its product portfolio in India.


• December 2022: Brown Jordan Co., a company that deals in outdoor furniture products, has launched its new Manhattan flagship showroom in the New York Design Center at 200 Lexington Avenue. The newly launched showroom will help customers to explore the wide range of cutting-edge designs, finishes and fabrics of outdoor furniture.


• January 2022: Ashley Furniture Industries, Inc. has launched a new outlet store in Georgia. The new outlet will have furniture for home, office, outdoor, dining, bedroom, and others.


• July 2020: Brown Jordan Co. has introduced a new modular outdoor kitchen with Daniel Germani. The collaboration has helped the company provide new and innovative designs for outdoor-related furniture products.

REPORT COVERAGE

The market research report provides a detailed description of the market. It focuses on essential aspects such as key industry manufacturers operating in the market and the segmentation based on product type, material type, end-use, and geography. Besides this, the report explains the key drivers and restraints that have impacted the industry's growth and offers insights into the outdoor furniture market trends and competitive landscape. Additionally, the report highlights the key industry developments that have contributed to the market growth rate.

Report Scope & Segmentation