Press release
Comprehensive Outdoor Furniture Market Forecast 2025-2034: Growth Trends and Strategic Shifts
Outdoor Furniture
Outdoor Furniture Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
In recent times, the size of the outdoor furniture market has been experiencing consistent growth. There will be a change from a market worth of $51.17 billion in 2024, escalating to a size of $53.52 billion in 2025, this equates to a compound annual growth rate (CAGR) of 4.6%. Key reasons for this growth during the historic period can be linked to the expansion of outdoor living areas, economic progress, evolving lifestyles, increased home improvement projects, and a heightened consciousness of outdoor comfort.
Outdoor Furniture Market Size Forecast: What's the Projected Valuation by 2029?
Anticipated to witness a consistent rise in the ensuing years, the outdoor furniture market is predicted to expand to a value of $64.75 billion by 2029, with a compound annual growth rate (CAGR) of 4.9%. This growth throughout the forecast period can be accredited to factors such as increased disposable income, urbanization patterns, groundbreaking design solutions, the evolution of outdoor living trends, and advancements in design. Luxury fabrics, sustainable materials, technological progress, personalized options, and innovative designs are among the major trends expected to shape this market in the forecast period.
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What Are the Drivers Transforming the Outdoor Furniture Market?
The expansion of the outdoor furniture market is forecasted to be accelerated by the escalating emphasis on home renovations. Home renovations, which involve upgrading, remodeling or enhancing residential properties for improved functionality, aesthetics or value, are gaining increasing interest due to factors such as personalization, property value, functionality, sustainability, lifestyle modifications and conditions of the housing inventory. The integration of outdoor furniture in these renovation projects expands and enriches outdoor living areas, offering homeowners versatile and comfortable spaces for relaxation, socializing and dining. For instance, projections by the Joint Center for Housing Centers of Harvard University, a research center in the US, suggest that the spending on home renovation activities will grow from $472 billion in 2022 to $485 billion in 2024. Consequently, the escalating interest in home renovations is propelling the progress of the outdoor furniture market.
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What Long-Term Trends Will Define the Future of the Outdoor Furniture Market?
Key players in the outdoor furniture market, such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, and Jasper, prioritize innovation and design excellence, perpetually seeking to create groundbreaking solutions, which include new showrooms and alliances with renowned designers. As evidence, Andreu World, an American outdoor furniture manufacturing firm, opened a novel showroom in Germany in July 2022, manifesting their commitment to progressive design and global collaborations. This showroom stands as a testament to Andreu World's devotion towards eco-friendly design methods, mirroring their objective to endorse green manufacturing procedures.
Which Segments in the Outdoor Furniture Market Offer the Most Profit Potential?
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
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Which Firms Dominate the Outdoor Furniture Market by Market Share and Revenue in 2025?
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
Which Regions Offer the Highest Growth Potential in the Outdoor Furniture Market?
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.
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