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Outdoor Furniture Market Size, Share & Growth Report, 2033
Outdoor Furniture Market Size
As per the report, the outdoor furniture market size has grown strongly in recent years. It will grow from $31.54 billion in 2023 to $33.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The outdoor furniture market size is expected to see strong growth in the next few years. It will grow to $43.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%.
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Exploring The Impact Of Home Renovation On Outdoor Furniture Market
The increasing focus on home renovation is expected to propel the growth of the outdoor furniture market going forward. Home renovation refers to improving, remodeling, or updating an existing residential property to enhance its functionality, aesthetics, or value. The focus on home renovation arises because of personalization, property value, functionality, sustainability, lifestyle changes, and housing stock conditions. Outdoor furniture is commonly used in home renovation projects to enhance and extend outdoor living spaces, providing homeowners with functional and comfortable areas for relaxation, dining, and entertaining. For instance, in January 2023, according to the Joint Center for Housing Centers of Harvard University, a US-based university research center, the expenditure on home improvement projects is expected to increase from $472 billion in 2022 to $485 billion in 2024. Therefore, the increasing focus on home renovation is driving the growth of the outdoor furniture market.
Innovative Solutions Driving Growth In The Outdoor Furniture Market Through Recycled Plastic Materials
Major companies operating in the outdoor furniture market focus on developing innovative solutions, such as recycled plastic furniture, using sustainable materials to drive growth, enhance brand reputation, and contribute to gaining a competitive edge in the market. Recycled plastic furniture refers to items made from recycled plastic materials. These materials are typically sourced from post-consumer or post-industrial plastic waste, which is collected, processed, and transformed into durable, sustainable furniture products. For instance, in June 2021, DCW Polymers Ltd., a UK-based sustainable outdoor product manufacturing company, launched a range of outdoor furniture made entirely from waste plastic collected from businesses across the region. This initiative involves investing in a new plastic reprocessing line to process waste plastics into recycled furniture, offering a sustainable alternative to timber. The furniture and products are maintenance-free, weatherproof, and made using 100% plastic waste collected from various businesses. The range includes picnic benches, tables, chairs, fence posts, and decking, providing a durable and eco-friendly option for outdoor spaces.
The outdoor furniture market covered in this report is segmented -
1) By Product: Seating Sets, Loungers, Dining Sets, Chairs, Table, Other Products
2) By Material Type: Wood, Metal, Plastic, Others Material Types
3) By End-User: Residential, Commercial
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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
Contents of the report:
1. Executive Summary
2. Outdoor Furniture Market Report Structure
3. Outdoor Furniture Market Trends And Strategies
4. Outdoor Furniture Market - Macro Economic Scenario
5. Outdoor Furniture Market Size And Growth
…..
27. Outdoor Furniture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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