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The US outdoor furniture market size is forecast to increase by USD 12.47 million, at a CAGR of 3.26% between 2023 and 2028. Market growth hinges on multiple factors, notably the rising demand for patio-heating products, driven by a growing interest in outdoor comfort and leisure. Additionally, the surge in residential and commercial construction activities fuels the demand for heating solutions to enhance outdoor spaces. In the evolving market landscape of the patio-heating product sector, innovation and portfolio expansion continue to be key drivers for market expansion. Companies are persistently seeking to meet evolving consumer preferences and technological advancements by introducing new and improved products. One such area of growth is the residential outdoor storage products segment. This sector encompasses a range of offerings designed to enhance the functionality and aesthetics of outdoor living spaces. By integrating these offerings into their product portfolios, companies can capitalize on emerging demands, drive innovation, and bolster their competitiveness in the market.
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In the realm of outdoor living, the market is witnessing a surge in demand driven by factors such as consumer spending and the influx of tourists seeking comfort and relaxation. The emergence of multifunctional outdoor furniture caters to the needs of hotels, restaurants, and the commercial sector, aligning with the changing lifestyles and preferences of consumers. As urbanization accelerates, the importance of aesthetically appealing and environment-friendly fixtures grows, enhancing the garden appearance while promoting sustainability. From stylish lounge chairs to versatile seating sets and garden sofas, lightweight and durable designs cater to various customer preferences and luxury trends. Channel vendors capitalize on this trend, driving product revenues while fostering social gatherings and elevating the outdoor living experience. Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving market growth is the increasing demand for patio heating products in commercial and residential spaces. Patio heaters are high in demand in commercial spaces such as pubs, party lounges, cafés, and restaurants. The rising number of pubs and restaurants that have outdoor dining spaces has contributed to the increasing demand for patio heaters. Natural gas and propane patio heaters are highly preferred by commercial customers. Many US - outdoor furniture market players offer patio heaters with different designs to attain a high degree of product differentiation.
In addition, residential users are also adopting patio heaters. With the growing product awareness, end-users in the residential sector are adopting patio heaters in the outdoor spaces of homes. This has contributed to the large volume sales of patio heaters among residential users. Therefore, the increasing demand for patio heaters in commercial and residential spaces will contribute to the growth of the market during the forecast period.
Increasing demand for environment-friendly outdoor furniture is the major trend influencing market growth. The preference for eco-friendly furniture is increasing to ensure environmental protection. Various eco-friendly furnishing materials are alternatives to forest wood, such as teak, rosewood, sal, and deodar. Environmental concerns, the negative effects of deforestation, and the effects of toxic finishes on the air have prompted furniture manufacturers to adopt green solutions. They are now offering a wide range of aesthetic furniture constructed using Moso bamboo, which is stronger and harder than most other types of wood, including oak.
Furthermore, market players are also using renewable materials for making furniture products, including outdoor furniture. For instance, 60% of the Inter IKEA Systems BV products are made of renewable materials. The company is aiming to use only renewable and recycled materials for making products by 2030. Hence, the use of environment-friendly outdoor furniture is one of the growing trends, which is expected to drive the growth of the market during the forecast period.
The long replacement cycle is one of the key challenges that affects market growth. Branded, superior-quality furniture, including outdoor furniture, does not require frequent replacements. Superior quality furniture made of wood is characterized by a longer replacement cycle than furniture made of cheap materials such as plastic. The high initial cost and long replacement cycle of outdoor furniture products would hinder the growth of the US - outdoor furniture market.
Additionally, the furniture products, including outdoor furniture, are meant for long-term use, and they do not require frequent replacement. This factor hinders the growth of the market. Moreover, market players are offering outdoor furniture products that are durable and of superior quality. The average life of outdoor furniture products lasts for 7 to 9 years. Thus, the long replacement cycle of furniture impedes market growth during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The outdoor furniture and accessories segment is estimated to witness significant growth during the forecast period. Rising interest in outdoor decoration and increasing preference for outdoor leisure activities positively influence the growth of the outdoor furniture and accessories segment. Changes in lifestyles are fueling the sales of outdoor dining tables and sofas that have a contemporary and transitional appeal and are easy to maintain, in addition to being stylish, comfortable, and versatile.
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The outdoor furniture and accessories segment was the largest segment and was valued at USD 48.84 million in 2018. Consumers prefer cushions that protect metal furniture from heat during summer. Consumers are also switching to new cushions in various designs to complement the decor in their exterior spaces, thus increasing demand for replacement cushions. Retailers are now offering mixed-and-matched cushion sets that allow customers to select cushions from different types of fabrics best suited for the outdoor environment. Consequently, rising interest in outdoor decor and increasing preference for outdoor leisure activities are expected to drive the growth of the outdoor furniture and accessories segment of the market during the forecast period.
The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Million" for the period 2024 to 2028, as well as historical data from 2018 to 2022 for the following segments
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The market is experiencing a significant upsurge, fueled by the demand from hotels and restaurants looking to enhance their outdoor spaces. Despite challenges posed by lockdowns and fluctuating economic activity, rising disposable income and increased building construction activities are driving consumption. This has led to a surge in demand for innovative products such as ergonomic chairs and stacking chairs to cater to the evolving needs of consumers. There's a growing emphasis on ecofriendly outdoor furniture due to heightened environmental awareness, with consumers seeking high-quality furniture that can withstand diverse climatic conditions. From gardens and lawns to rooftop bars and balcony spaces, multifunctional and low-maintenance designs are gaining traction, reflecting the influence of rapid urbanization and evolving living standards. As parties, meetups, and conferences increasingly move outdoors, the demand for comfortable and stylish garden furnishings continues to rise, driving innovation and growth in the market.
Market Scope |
|
Report Coverage |
Details |
Page number |
88 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.26% |
Market Growth 2024-2028 |
USD 12.47 million |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
2.49 |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Brown Jordan Co., Century Furniture LLC, Ethan Allen Interiors Inc., Inter IKEA Holding BV, LaZBoy Inc., Lowes Co. Inc., Penney OpCo LLC, The Home Depot Inc., Wayfair Inc., Williams Sonoma Inc., Agio International Co., Ashley Global Retail LLC, Barbeques Galore Aust Pty Ltd., Forever Patio, Homecrest Outdoor Living LLC, Lebello USA, Lloyd Flanders Inc., LUXCRAFT, MillerKnoll Inc., and Windward Design Group |
Market dynamics |
Parent market analysis, Market forecasting growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the market forecasting period. |
Customization purview |
If our market report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
We can help! Our analysts can customize this market research report to meet your requirements.
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Product
7 Market Segmentation by Distribution Channel
8 Market Segmentation by End-user
9 Customer Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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