Outdoor Furniture Market Size, Growth & Statistics Report from 2024 to 2030
The expected compound annual growth rate (CAGR) for the global outdoor furniture market size is approximately 6% from 2023 to 2030. The rising demand for these products in diverse applications, including hotels, resorts, and open gardens, is a key driver for market expansion. Additionally, the notable increase in social activities such as gatherings, family meetings, and evening parties is expected to further propel industry growth throughout the forecast period.
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Market Trends:
·???????? Focus on Sustainability and Eco-friendly Materials: Consumers are increasingly seeking sustainable options, driving the demand for furniture made from recycled materials like plastic and wood, as well as sustainably sourced wood and bamboo.
·???????? Multifunctional and Space-Saving Designs: With limited outdoor space, especially in urban areas, furniture that serves multiple functions and can be easily stored is gaining popularity. Think foldable chairs, tables with built-in storage, and modular sets that can be configured in different ways.
·???????? Smart Technology Integration: Outdoor furniture is getting smarter, with features like built-in lighting, speakers, and even charging stations. This adds convenience and enhances the overall outdoor experience.
·???????? Comfort and Durability: Consumers prioritize comfort and long-lasting furniture that can withstand outdoor elements. This includes weather-resistant materials, comfortable cushions, and ergonomic designs.
·???????? Blurring the Lines Between Indoor and Outdoor: The trend of bringing the outdoors in and vice versa is influencing furniture design. Furniture pieces with natural textures, organic shapes, and neutral colors are popular choices for creating seamless transitions between indoor and outdoor spaces.
According to the recent report published by RC Market Analytics, the Global Outdoor Furniture Market is expected to provide sustainable growth opportunities during the forecast period from 2023 to 2030. This latest industry research study analyzes the outdoor furniture market by various product segments, applications, regions and countries while assessing regional performances of numerous leading market participants. The report offers a holistic view of the outdoor furniture industry encompassing numerous stakeholders including raw material suppliers, providers, distributors, consumers and government agencies, among others. Furthermore, the report includes detailed quantitative and qualitative analysis of the global market considering market history, product development, regional dynamics, competitive landscape, and key success factors (KSFs) in the industry.
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Geographically, the outdoor furniture market report comprises dedicated sections centering on the regional market revenue and trends. The outdoor furniture market has been segmented on the basis of geographic regions into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. Outdoor furniture market estimates have also been provided for the historical years 2020 & 2021 along with forecast for the period from 2023 - 2030.The report includes a deep-dive analysis of key countries including the U.S., Canada, the U.K., Germany, France, Italy, China, Japan, India, Australia, Mexico, Brazil and South Africa, among others. Thereby, the report identifies unique growth opportunities across the world based on trends occurring in various developed and developing economies.
The Outdoor Furniture Market Segmentation:
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Several key participants in the worldwide outdoor furniture market include Inter IKEA Systems B.V., Ashley Furniture Industries, Inc., Brown Jordan Inc., Kenter, and Agio International Company, LTD. These companies are employing strategies such as expansion, new investments, the launch of innovative services, and collaboration to navigate and thrive in the market. To enhance their competitive edge, players are actively pursuing new markets through expansions and acquisitions, leveraging joint synergies.
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Key Questions Answered by Outdoor Furniture Market Report:
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