Steady Expansion Forecast for Outdoor Furniture Market, Projected to Reach $63.69 Billion by 2029

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Outdoor Furniture Market Size Valuation Forecast: What Will the Market Be Worth by 2025?
The outdoor furniture market has expanded steadily in recent years. It is projected to grow from $51.17 billion in 2024 to $52.96 billion in 2025, achieving a CAGR of 3.5%. Earlier growth was driven by the rise of outdoor living spaces, economic improvements, changing lifestyles, home improvement projects, and a focus on outdoor comfort.

Outdoor Furniture Market Size Forecast: What's the Projected Valuation by 2029?
Predictions indicate that the patio furniture market will experience consistent expansion in the coming years. It's predicted to climb to a value of $63.69 billion by the year 2029, with a compound annual growth rate (CAGR) of 4.7%. Factors contributing to this projected increase during the forecast period include heightened disposable income, urban development patterns, innovative design approaches, expanding outdoor lifestyle trends, and advancements in design. The upcoming period is also expected to see emerging trends such as high-end textiles, eco-friendly materials, technological progressions, customization, and fresh design innovations.

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What Are the Drivers Transforming the Outdoor Furniture Market?
The growth of the outdoor furniture market is anticipated to be driven by an increased emphasis on home renovations. Home renovation is characterized as the act of enhancing, updating, or remodeling a pre-existing residential property to boost its aesthetic appeal, functionality, or value. Factors such as personalization, property value, functionality, sustainability, lifestyle changes, and housing stock conditions have shifted focus towards home renovation. Outdoor furniture plays a vital role in these renovation projects as it augments and expands outdoor living areas, offering homeowners with relaxing, dining, and entertaining spaces which are both comfortable and practical. The Joint Center for Housing Centers of Harvard University, a research center based in the US, reported in January 2023, that home improvement project spending will rise from $472 billion in 2022 to $485 billion in 2024. Hence, the surge in home renovations is propelling the outdoor furniture market's growth.

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What Long-Term Trends Will Define the Future of the Outdoor Furniture Market?
Leading entities in the outdoor furniture market are prioritizing innovative solution development and creation. This includes setting up new showrooms and joining hands with esteemed designers such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, and Jasper that underscore their dedication to design quality. In an instance from July 2022, a US-based outdoor furniture producer, Andreu World, inaugurated a fresh showroom in Germany, thereby illustrating its commitment to inventive design and global collaborations. The showroom mirrors Andreu World's commitment to eco-friendly design methods, lining up with their aim to champion green manufacturing processes.

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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