Outdoor Garden Furniture Market Expects A Robust 7.6% CAGR During 2031

The outdoor garden furniture market was worth US$ 2 billion in 2020 and is expected to grow at a 7.6% CAGR to reach US$ 4 billion by 2031. Through the assessment period of 2021-2031, the market is expected to offer an incremental potential of US$ 148 Millionn.

North America is predicted to represent the largest portion of the global market, with a current value of $782 million. Outdoor garden furniture sales account for 2% of the total value of the global furniture market.

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According to Fact.MR, a market research and competitive intelligence service, the global outdoor garden furniture market grew at a 5.9% CAGR from 2016 to 2020.

Demand for outdoor garden furniture is likely to expand as economies recover and customers begin traveling following the early shocks of COVID-19, owing to consumer desire to spend on furniture for adorning outside spaces. Customers are expected to prefer outdoor garden furniture that is resistant to climate change, composed of high-quality materials, long-lasting, and insect and fracture resistant.

Sustainable Production Is a Growing Industry Trend
Green design has become popular among interior designers as a result of global environmental change and the harmful effects of deforestation. Adoption of sustainable production among furniture makers as a result of rising customer demand for eco-friendly products is predicted to drive demand for sustainable products made from eco-friendly materials, creating massive potential in the global market.

Yardbird, a furniture firm established in the United States, provides eco-friendly outdoor furniture made from recycled materials.

Key Players:
• Herman Miller, Inc.
• Inter IKEA Systems B.V.
• Trex Company, Inc.
• Steelcase, Inc.
• Kimball International, Inc.
• Keter Plastic Ltd.
• Brown Jordan International, Inc.
• Barbeques Galore (Aust) Pty Limited
• Century Furniture LLC
• Flanders Industries, Inc.
• Agio International Co. Ltd.
• DEDON GmbH
• Tucci, Inc.
• EMU Group SpA
• Royal Botania Nv
• Homecrest Outdoor Living
• Hartmann Outdoor Products BV
• Kettal Group
• Sitra Holdings (International) Ltd.
• Treasure Garden Inc.
• Fischer Mobel GmbH
• Winston Furniture Company, Inc.
• Golster Furniture Limited

Competitive Environment

The fragmented market for outdoor garden furniture attracts a large number of businesses at various levels. The increased number of players increases market competitiveness, encouraging notable players to pursue various techniques in order to better position themselves. Some notable advances in the global outdoor garden furniture market include:

Trex introduced composite decking three decades ago and has been the industry leader in that category ever since. The company received the Golden Hammer Award in 2021 for their revolutionary solution that decreases deck installation time and boosts efficiency.

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Regional Analysis:

The United States has the biggest value share contribution to total market revenue in North America. This is due to consumers' propensity to spend money on garden furniture to enhance their outside living space.

The United States now maintains a market share of 84.9% in the North American outdoor furniture industry, which is expected to grow significantly at a CAGR of 7% over the projected period.

Demand for outdoor garden furniture has increased in China as a result of factors such as rising per capita consumption and customer willingness to spend on residential and business infrastructure renovations. Consumers are looking for multi-purpose furniture that may fit in small housing spaces due to increased urbanisation and scarcity of residential infrastructure in metropolitan locations.In China, the market for outdoor garden furniture is worth US$ 131.9 million. The country has a 46.9% market share in East Asia and is expected to grow fast at a CAGR of 10.9% until 2031.

Key Segments of Industry:
• By Product Type
o Tables
o Coffee Tables
o Side Tables
o Bistro Tables
o Picnic Tales
o Chairs
o Foldable
o Conventional
o Patio Swings
o Hammocks
o Porch Swings
o Dining Sets
o Seating Sets
o Furniture Accessories
o Furniture Covers
o Umbrellas
o Gazebos
o Others
• By Material
o Plastic Outdoor Garden Furniture
o Metal Outdoor Garden Furniture
o Wooden Outdoor Garden Furniture
o Others
• By Sales Channel
o Independent Furniture Stores
o Franchised Furniture Stores
o Modern Trade
o Furniture Retail Chains
o Brand Outlets
o e-Commerce

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This release was published on openPR.