Exploring The Impact Of Home Renovation On Outdoor Furniture Market: A Key Factor Shaping the Future of the Outdoor Furniture Market in 2025

What Are the Projections for the Size and Growth Rate of the Outdoor Furniture Market?
The outdoor furniture market has seen steady growth in recent years. It will grow from $51.17 billion in 2024 to $53.52 billion in 2025, at a CAGR of 4.6%. This growth is attributed to the increase in outdoor living spaces, economic growth, changing lifestyles, a rise in home improvement projects, and growing awareness of outdoor comfort.

The outdoor furniture market is expected to experience steady growth, projected to reach $64.75 billion by 2029 at a CAGR of 4.9%. Growth is attributed to rising disposable incomes, urbanization, innovative design solutions, and a growing trend towards outdoor living. Major trends include luxurious textiles, sustainable materials, technological advancements, customization, and innovative designs.

What Are the Main Catalysts for Growth in the Outdoor Furniture Market?
The growing emphasis on home renovation is expected to accelerate the growth of the outdoor furniture market. Home renovation refers to the process of modifying, remodeling, or upgrading a residential property to enhance its functionality, aesthetics, or value. Factors such as personalization, increased property value, functionality improvements, sustainability, and lifestyle changes contribute to the rising trend of home renovation. Outdoor furniture is an integral part of these renovation projects, as it enhances and extends outdoor living areas, offering homeowners comfortable and functional spaces for relaxation, dining, and entertainment. For example, in January 2023, the Joint Center for Housing Studies at Harvard University, a US-based research center, projected that spending on home improvement projects would rise from $472 billion in 2022 to $485 billion in 2024. Consequently, the growing focus on home renovation is fueling the expansion of the outdoor furniture market.

Get Your Free Sample Now - Explore Exclusive Market Insights:
https://www.thebusinessresearchcompany.com/sample.aspx?id=14767&type=smp

Which Businesses Are at the Forefront of Outdoor Furniture Market Development?
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

What Are the Latest Innovations in the Outdoor Furniture Market?
Major companies in the outdoor furniture market are concentrating on innovation by introducing new showrooms and partnering with renowned designers such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, and Jasper, demonstrating their commitment to design excellence. For example, in July 2022, Andreu World, a US-based outdoor furniture manufacturer, inaugurated a new showroom in Germany to showcase its dedication to innovative design and global collaborations. The showroom underscores Andreu World's commitment to sustainable design practices, aligning with its mission to promote eco-friendly manufacturing processes.

How Is the Outdoor Furniture Market Segmented?
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

Subsegments:
1) By Seating Sets: Sectional Seating, Conversation Sets, Sofa Sets, Bench Seating
2) By Loungers: Reclining Loungers, Chaise Lounges, Adjustable Loungers, Lounge Chairs
3) By Dining Sets: 4-Piece Dining Sets, 6-Piece Dining Sets, Expandable Dining Sets, Bar-Height Dining Sets
4) By Chairs: Arm Chairs, Dining Chairs, Rocking Chairs, Adirondack Chairs, Folding Chairs
5) By Table: Coffee Tables, Side Tables, Dining Tables, Console Tables, Bistro Tables
6) By Other Products: Outdoor Storage Solutions, Outdoor Umbrellas, Fire Pits And Heaters, Outdoor Cushions And Pillows, Gazebos And Pergolas

Pre-Book Your Report Now For A Swift Delivery:
https://www.thebusinessresearchcompany.com/report/outdoor-furniture-global-market-report

Where Is the Outdoor Furniture Market Growth Most Prominent?
North America was the largest region in the outdoor furniture market in 2024. Asia-Pacific is expected to be the fastest-growing region in 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.

What Is Covered In The Outdoor Furniture Global Market Report?

- Market Size Analysis: Analyze the Outdoor Furniture Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Outdoor Furniture Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Outdoor Furniture Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Outdoor Furniture Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.

Unlock Exclusive Market Insights - Purchase Your Research Report Now!
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=14767

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.