2024-2036 Global Market Size, Forecast and Trend Highlights！

The outdoor furniture market size was valued at USD 50.27 billion in 2023 and is likely to reach USD 106.63 billion by the end of 2036, growing at a CAGR of about 5.8% during the forecast period (i.e. 2024-2036). In 2024, the outdoor furniture industry size is expected to be USD 52.85 billion. The growth of the market can be attributed to the rapid pace of urbanization and the increase in consumer purchasing power. In addition, the increase in household consumption and the change in people’s lifestyles are expected to drive the demand for outdoor furniture in the near future, with household spending accounting for more than 22% of outdoor spending in the UK.

The industry is driven by several factors such as the number of businesses operating in the country and the business sentiment index, all of which are expected to improve during the period. Outdoor furniture products made of natural, durable, and weather-resistant materials are expected to gain growth in this market. In addition, outdoor furniture now has various attributes of beauty and lightness, thereby supplementing the growth of the global outdoor furniture market.

Global Outdoor Furniture Market: Growth Drivers and Challenges.

• Growth drivers

1. Growing hospitality industry-Outdoor furniture trends are prevalent in seaside locations, scenic locations, etc., followed by the increasing number of resorts and hotels across the globe. For instance, there are more than 180,000 hotels and motels in the United States by 2023, an increase of more than 9% from 2022.
2. Surge in home gardens-Adding charm to public gardens by adding outdoor furniture such as chairs, sofas, etc. According to reports, by 2022, more than 30% of American households grow fruits, vegetables, and other food. Hence, this means that they have space for gardening, which is expected to boost the growth of the global outdoor furniture market. Moreover, Americans spend more than $45 billion annually on lawn and gardening equipment. 
3. Rising Open Air Sports Areas- Aerial sports areas allow for a range of activities such as aerial racing, hang gliding, parachuting, etc. These areas require a space to sit and watch these sporting events and the market is expected to grow significantly during the forecast period. It is estimated that by 2021, the proportion of the population aged 6 years and above interested in outdoor sports will reach more than 50%.
4. Eco-friendly furniture is gaining popularity- Top manufacturers are using MOSO bamboo, which is stronger and harder than oak, to make eco-friendly furniture, producing a variety of artistic and high-quality furniture, moreover, it is believed to drive the growth of the global outdoor furniture market. It is estimated that furniture generated more than 10 billion tons of municipal waste in the United States in 2018.
5. Development of online distribution channels - Rapid digitalization and increasing use of mobile devices for online purchases are expected to boost the growth of the global outdoor furniture market in the coming years. In 2021, the number of mobile devices operating worldwide exceeded 14 billion.

• Challenges

1. Hospitality Industry Affected by the Pandemic - The hospitality industry has been severely affected by the COVID-19 pandemic and the subsequent restrictions imposed by the government related to the complete lockdown. In addition, the supply chain of outdoor furniture has also been reduced due to factory closures, further affecting the growth of the market.
2. Changing fashion trends in outdoor furniture.
3. The cost of raw materials is high.

• Regional overview of the global outdoor furniture market.

The North American outdoor furniture market is expected to account for the largest market share among all other regions by the end of 2036. The U.S. accounts for the largest share of the North American outdoor furniture market, followed by Canada. The rising concept of luxurious outdoor living spaces with new materials, comfortable seating, and elegant lighting is driving the outdoor furniture market. In addition, home sales, outdoor decoration, and environmental concerns are some of the factors driving the market growth. Moreover, the expansion of disposable income in the region coupled with the increasing consumer preferences are further expected to boost the growth of the market in the region. Moreover, the growing trend of outdoor gatherings is another factor expected to expand the market growth in the North American region. According to a survey, nearly 1 in 4 people plan to host an outdoor gathering in 2021.

The European outdoor furniture market, along with the market in all other regions, is expected to maintain significant growth during the forecast period. Rising number of tourists in the region owing to the presence of famous tourist destinations is expected to drive the growth of the market in the region. France, the UK, and Germany are expected to lead the overall demand for outdoor furniture market in the region in the near future. Moreover, the number of hotels is increasing in the region, which is expected to further augment the growth of the market in the region.

Asia Pacific is expected to witness the fastest growth during the forecast period. The rising number of construction projects and soaring attention from tourists are two major factors contributing to the increase in the demand for outdoor construction in the region. Moreover, an increasing number of major players in the region are making their products easily available through online platforms, which is expected to further augment the growth of the market in the region.