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Outdoor Garden Furniture Market

Increasing Recreation in Open Spaces to Drive Outdoor Garden Furniture Market Growth: Fact.MR Report

Published : 08 Dec 2021 Industry: Consumer Goods

According to a recent report by Fact.MR, a market research and competitive intelligence provider, the global outdoor garden furniture market is projected to surpass a valuation of US$ 2.2 Bn in 2021, rising at a CAGR of around 7.6% through the end of 2031.

The market is projected to witness surge in demand owing to various factors such as rapid urbanization, expansion of the middle-class population, and infrastructural development throughout the world. Rising consumer preference for unique home décor that takes up minimal space is a key factor for the surge in global outdoor garden furniture sales. Moreover, the manufacturing of outdoor garden furniture has increased over the past few years, thus providing a push to overall demand.

Expansion in the household sector is expected to drive demand for outdoor garden furniture in countries such as India and China, owing to increase in per capita disposable income and middle-income group population. Preference for vertical apartments and luxurious housing is projected to rise, which, in turn, is likely to boost demand for balconies with vertical gardens. Miniaturization in residential settings is also driving the need for outdoor garden furniture.

Seating sets in outdoor garden furniture are likely to boost the global market, due to increasing demand for comfort even in outdoor settings. Consumer movements are restricted to households these days, and, as a result, they prefer to use outdoor furniture that provides the similar level of comfort as that of indoor furniture in their gardens.

  • Crate&Barrel offers nature-inspired seating sets and sculptural side tables specific to each season. It offers patio and deck furniture to make the backyard an epicenter for relaxing and entertainment with family and friends.

Key Takeaways from Market Study

  • The North America market is estimated to top a valuation of US$ 2 Bn by 2031.
  • The Europe market is estimated to register a CAGR of 7.5 % over the forecast period.
  • Strong production footprint of key market players in China has allowed it to hold the highest market share of 46.9 % in the East Asia outdoor garden furniture market.
  • The outdoor garden furniture market is segmented based on material, where the wood segment holds a high share of 20.2%.
  • By product type, 41.4% people prefer dining sets and 31.8% of consumers prefer seating sets.

“To attract consumers, manufacturers are turning their focus towards producing multi-purpose furniture. Major companies are anticipated to innovative products and develop strong logistics networks to ensure easily availability of outdoor furniture,” says a lead analyst at Fact.MR.

Who is Winning?

Consumers are willing to spend on outdoor furniture to develop a corner adjacent to their home to sit back and relax and rejuvenate themselves. Manufacturers should focus on this need and come up with creative outdoor furniture to transform empty outdoors into warm cosy spaces for consumers. Consumers can de-stress and companies can earn by offering added comfort and leisure space to them.

Get More Valuable Insights

Fact.MR, in its new offering, provides an unbiased analysis of the outdoor garden furniture market, presenting historical demand data (2016-2020) and forecast statistics for the period from 2021-2031. The study divulges compelling insights on the demand for outdoor garden furniture based on product type - tables (coffee tables, side tables, bistro tables, picnic tables), chairs (foldable, conventional, patio swings, hammocks), porch swings, dining sets, seating sets, accessories (furniture covers, umbrellas, gazebos, others), material, (plastic, metal, wood, others), sales channel (independent furniture stores, franchised furniture stores, modern trade, furniture retail chains, brand outlets, e-Commerce), and region

About the Consumer Goods Division at Fact.MR

Expert analysis, actionable insights, and strategic recommendations – the consumer goods team at Fact.MR helps clients from all over the globe with their unique business intelligence needs. With a repertoire of over 1,000 reports and 1 million+ data points, the team has analysed the consumer goods industry lucidly in 50+ countries for over a decade. The team provides end-to-end research and consulting services; reach out to explore how we can help.

For more information, refer to our market research report or contact the PR author.

Shambhu Nath Jha

Fact.MR

Sr. Consultant – Consumer Products

E-mail: shambhu@factmr.com

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Outdoor Garden Furniture Market Analysis, By Product Type (Outdoor Garden Tables, Outdoor Garden Chairs, Outdoor Garden Seating Sets), By Material (Plastic, Metal, Wooden Outdoor Garden Furniture), By Sales Channel - Regional Analysis 2021-2031