Street Furniture Market Set to Reach $8.93 Billion by 2029 with 19.7% Yearly Growth

How Are the key drivers contributing to the expansion of the street furniture market?
The escalating trend of urbanization is seen as a key influencer in the expansion of the street furniture market in the future. The term urbanization refers to the increasing shift of people from rural spaces to urban areas, contributing to the development and enlargement of cities. As a larger portion of the population migrates from rural to urban zones, there's a considerable enhancement in the growth and development of cities. Street furniture plays a significant role in this progression by embellishing public areas with practical and visually pleasing elements, improving the standard of living, and meeting the infrastructure demands of expanding urban populations. For example, as indicated by the United Nations Population Fund, a human rights organization based in the US, more than half of the global population already resides in urban settings as of 2024. The estimated projections show this figure is likely to scale up to about 5 billion by 2030. Hence, the escalating rate of urbanization is fueling the expansion of the street furniture market.

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What growth opportunities are expected to drive the street furniture market's CAGR through 2034?
Over the past few years, the street furniture market size has steadily increased. Expected to rise from $9.86 billion in 2024 to $10.52 billion in 2025, it will experience a compound annual growth rate (CAGR) of 6.7%. The factors that contributed to the historical growth of this market include rapid urbanization, expansion of the real estate industry, progress in both hospitality and real estate sectors, a growing demand for outdoor living spaces, as well as enhanced research and development opportunities.

The market size for street furniture is anticipated to witness a significant upsurge in the upcoming years, increasing to $13.47 billion by 2029 with a CAGR of 6.4%. A surge in the interest of outdoor entertainment, increased allocation of funds for city infrastructure, boost in e-commerce and online shopping, evolving interior design styles, and a multiplier effect in multifunctional outdoor furniture options contribute to the forecast period's growth. Salient trends during the projected period encase technological enhancements, commitment to sustainability and eco-responsible solutions, material and technology breakthroughs, a centered viewpoint on aesthetics and placemaking, along with the inclusion of intelligent technology.

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What are the emerging trends shaping the future of the street furniture market?
Leading corporations in the street furniture market are prioritizing the creation of inventive solutions like urban furniture in an effort to uplift city settings with a modern feel. The term "urban furniture" alludes to decoratively practical items located in public areas such as parks, plazas, and roadsides. For illustration, in November 2024, Neri S.p.A., an Italian company that specializes in manufacturing outdoor lighting systems and urban furniture, collaborated with the American construction firm, Skidmore, Owings & Merrill LLP. Together they introduced the Nebula collection of urban furniture, which was conceptualized by Skidmore, Owings & Merrill (SOM). The diverse collection consists of benches, stools, tables, bike racks, trash bins, and plant pots, available in a variety of sizes and arrangements. With designs to match both vibrant and historical city surroundings, the collection provides adaptable options to establish welcoming, human-friendly spaces that can effortlessly expand to form large city landscapes.

Which growth-oriented segments of the street furniture market are leading the industry's development?
The street furniture market covered in this report is segmented -

1) By Product: Wood Furniture, Plastic Furniture, Metal Furniture, Other Products
2) By Application: Benches And Seats, Street Lightings And Traffic Signals, Barriers And Bollards, Other Applications
3) By End-User: Commercial, Residential

Subsegments:
1) By Wood Furniture: Wooden Benches, Wooden Picnic Tables, Wooden Planters, Wooden Bus Shelters
2) By Plastic Furniture: Recycled Plastic Benches, Plastic Waste Bins, Plastic Bollards, Plastic Seating Units
3) By Metal Furniture: Metal Benches, Metal Bike Racks, Metal Streetlights, Metal Bus Stops
4) By Other Products: Concrete Benches, Stone Sculptures, Smart Benches With Charging Stations, Hybrid Material Street Furniture

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What regions are leading the charge in the street furniture market?
Asia-Pacific was the largest region in the street furniture market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the street furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

What companies are at the forefront of innovation in the street furniture market?
Major companies operating in the street furniture market are JCDecaux SA, Keter Group B.V., Daktronics Inc., Skidmore Owings & Merrill LLP, Brown Jordan International Inc., Strugal Sistemas de Carpintería S.L., Landscape Forms Inc., Broxap Limited, Falco UK Ltd., Agio International Company Ltd., Equiparc Inc., Lappset Group Oy, Furnitubes International Limited, Concreteworks Studio LLC, Streetlife B.V., Urban Elements Ltd., Vestre AS, Tensile Group Pty Ltd., HAGS Aneby AB, Green Furniture Concept AB

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What Is Covered In The Street Furniture Global Market Report?

•Market Size Forecast: Examine the street furniture market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the street furniture market for a structured understanding.
•Key Players Overview: Analyze major players in the street furniture market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the street furniture market.
•Segment Contributions: Evaluate how different segments drive overall growth in the street furniture market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the street furniture market.
•Industry Challenges: Identify potential risks and obstacles affecting the street furniture market.
•Competitive Landscape: Review strategic developments in the street furniture market, including expansions, agreements, and new product launches.

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