Overseas Observation | Global Outdoor Furniture Market Analysis and Trend Forecast！

【Global outdoor furniture market analysis】

The global outdoor furniture market size will be US$48.4 billion in 2022. It is expected that its market size will expand to US$72.8 billion by 2030, with a compound annual growth rate expected to reach 5.3%.

 Analysis by region: Due to the increase in construction projects and the development of the real estate industry, the growth rate of outdoor furniture in the Asia-Pacific region leads the world. In addition, the resurgence of international tourism has also led to a rapid increase in demand for outdoor furniture in popular tourist countries such as Thailand and Singapore.

North America is an important part of the outdoor furniture market. On the one hand, this is because North American home gardens and courtyards have larger spaces and have strong demand for decoration. On the other hand, because North American consumers are keen on social activities, outdoor furniture in North America Demand has been relatively stable.

 Europe also has a large proportion of the global furniture market, but it should be noted that most European consumers are tall, so they tend to prefer large-sized furniture when purchasing furniture. 

Analysis by use: According to use, outdoor furniture can be divided into two categories: residential (such as terraces, home gardens, etc.) and commercial (hotels, resorts). Compared with commercial use, residential outdoor furniture that is decorative and practical is still Occupy a major share of the market.

 Analysis by material type: Based on material type, outdoor furniture can be divided into three categories: wood, metal, and plastic. Wood has become an ideal material for indoor and outdoor furniture due to its durability and low maintenance requirements. Metal, on the other hand, is more used in public places such as parks and gardens.

Analysis by user group: Taking the United States as an example, the age of American outdoor furniture consumers is mainly concentrated between 25 and 44 years old, but those who are more willing to buy outdoor furniture online are mainly concentrated between 18 and 29 years old.

 It is worth noting that consumers of different age groups have greatly different demands for outdoor furniture. For example, people aged 18 to 29 will be more interested in pursuing the design style and cost-effectiveness of furniture, while those aged 30 to 49 will be more interested in the design style and cost-effectiveness of furniture. people pay more attention to the overall quality of furniture products.

【Challenges faced by outdoor furniture exports】

1. High freight costs

 Most outdoor furniture is larger in size and heavier in weight, so its shipping cost is relatively high. Compared with air transportation, although sea transportation takes longer, the logistics cost will be lower, so it has become the first choice of most sellers. However, this requires sellers to prepare goods in advance, which accordingly puts forward higher requirements for capital chain and expectation management.

2. Raw material prices fluctuate greatly

 The price of raw materials for furniture products is inherently high, and the increase in global instability in recent years has caused the price fluctuations of furniture raw materials to continue to increase, making it increasingly difficult for sellers to control costs.

Finally, furniture exports also face problems such as insufficient technology and innovation capabilities, environmental protection pressure, and lack of quality and brand building. Therefore, against the background of rising labor costs, the competitiveness of my country's furniture exports is gradually declining, which is very important for cross-border sellers. It will undoubtedly be a huge challenge.