Outdoor Furniture Market by Product, End-user, Distribution Channel, and Geography - Forecast and Analysis 2021-2025

  • Published: Jun 2021
  • Pages: 120
  • SKU: IRTNTR41099
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The outdoor furniture market has the potential to grow by USD 3.73 billion during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 3.02%.

This outdoor furniture market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by product (outdoor furniture and accessories, outdoor grills and accessories, and patio heating products), end-user (residential and commercial), distribution channel (offline and online), and geography (North America, APAC, Europe, South America, and MEA). The outdoor furniture market report also offers information on several market vendors, including Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Century Furniture LLC, Gloster Furniture GmbH, Haworth Inc., Herman Miller Inc., Inter IKEA Holding BV, The Home Depot Inc., TUUCI LLC, and Williams-Sonoma Inc. among others.

What will the Outdoor Furniture Market Size be in 2021?

Outdoor-Furniture-Market-Market-Size-2020-2025

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Outdoor Furniture Market: Key Drivers and Trends

The increasing demand for patio heating products in commercial and residential spaces is notably driving the outdoor furniture market growth, although factors such as long replacement cycle may impede market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the outdoor furniture market industry get your FREE report sample now.

  • The increasing demand for patio heating products in commercial and residential spaces will be one of the significant factors fueling outdoor furniture market growth during the forecast period.
  • Free-standing and tabletop patio heaters are widely preferred in the hospitality industry for their aesthetic appeal.
  • With the increasing number of bars, dine-outs, pubs, party lounges, cafes, and restaurants, the demand for patio heaters is expected to proliferate.
  • In addition to commercial spaces, the need for patio heaters is also increasing for residential users. Rising awareness about the benefits of patio heaters has contributed to this growing demand from residential customers.
  • The growing demand for environment-friendly outdoor furniture has been identified as one of the major outdoor furniture market trends. 
  • With the growing environmental concerns and awareness about the adverse effects of deforestation and toxic finishes, furniture manufacturers are increasingly focusing on adopting green solutions.
  • The ability to withstand harsh weather conditions and provide high aesthetic appeal has increased the use of natural materials for furniture manufacturing.
  • Companies have started using renewable materials and Moso bamboo to make a wide range of tasteful furniture.

This outdoor furniture market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Outdoor Furniture Market Vendors?

The report analyzes the market’s competitive landscape and offers information on several market vendors, including:

 

  • Ashley Furniture Industries Inc.
  • Berkshire Hathaway Inc.
  • Century Furniture LLC
  • Gloster Furniture GmbH
  • Haworth Inc.
  • Herman Miller Inc.
  • Inter IKEA Holding BV
  • The Home Depot Inc.
  • TUUCI LLC
  • Williams-Sonoma Inc.

 

The outdoor furniture market is fragmented and the vendors are deploying growth strategies such as introducing innovative products to compete in the market. Click here to uncover other successful business strategies deployed by the vendors. 

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Download a free sample of the outdoor furniture market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies. 

Which are the Key Regions for Outdoor Furniture Market?

Outdoor-Furniture-Market-Market-Share-by-Region-2020-2025

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34% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for outdoor furniture in APAC. Market growth in APAC will be faster than the growth of the market in other regions. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Outdoor Furniture Market?

Outdoor-Furniture-Market-Market-Share-by-Product-2020-2025

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The outdoor furniture market share growth by the outdoor furniture and accessories segment will be significant during the forecast period. Rising interests in outdoor decoration and increasing preferences for outdoor leisure activities positively influence the growth of the outdoor furniture and accessories segment. 

Fetch actionable market insights on post COVID-19 impact on each segment. This report provides an accurate prediction of the contribution of all the segments to the growth of the outdoor furniture market size.

 

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What are the Key Factors Covered in this Outdoor Furniture Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive outdoor furniture market growth during the next five years
  • Precise estimation of the outdoor furniture market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the outdoor furniture industry across North America, APAC, Europe, South America, and MEA
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of outdoor furniture market vendors

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The outdoor furniture market growth will increase by $4.87 billion during 2019-2024.
The outdoor furniture market is expected to grow at a CAGR of 3.47% during 2019-2024.
Technavio has segmented the outdoor furniture market by product (Outdoor furniture and accessories, Outdoor grills and accessories, and Patio heating products) ,end user (Residential and Commercial) , and distribution channel (Offline and Online).
Ashley Furniture Industries Inc., Barbeques Galore, Berkshire Hathaway Inc., Brown Jordan Inc., Century Furniture LLC, Herman Miller Inc., Home Depot Product Authority LLC, Inter IKEA Systems B.V., Williams-Sonoma Inc. are a few of the key vendors in the outdoor furniture market.
North America will register the highest growth rate of 32.44% among the other regions. Therefore, the outdoor furniture market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the outdoor furniture market growth are:
  • Innovation in product design and portfolio expansion
The outdoor furniture market vendors should focus on grabbing business opportunities from the outdoor furniture and accessories segment as it accounted for the largest market share in the base year.
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