The outdoor furniture global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Outdoor Furniture Market, 2024 report by The Business Research Company offers comprehensive insights into the current state of the market and highlights future growth opportunities.
Market Size –
The outdoor furniture market size has grown strongly in recent years. It will grow from $31.54 billion in 2023 to $33.51 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The growth in the historic period can be attributed to increased outdoor living spaces, economic growth, changing lifestyles, rise in home improvement projects, increasing awareness of outdoor comfort.
The outdoor furniture market size is expected to see strong growth in the next few years. It will grow to $43.39 billion in 2028 at a compound annual growth rate (CAGR) of 6.7%. The growth in the forecast period can be attributed to rising disposable incomes, urbanization trends, innovative design solutions, growing outdoor living trends, advancements in design. Major trends in the forecast period include luxurious textiles, sustainable materials, technological advancements, customization, innovative designs.
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The Business Research Company’s reports encompass a wide range of information, including:
1. Market Size (Historic and Forecast): Analysis of the market’s historical performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market landscape.
4. Key Segments: Breakdown of the market into its primary segments and their respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting the market.
Market Drivers –
The increasing focus on home renovation is expected to propel the growth of the outdoor furniture market going forward. Home renovation refers to improving, remodeling, or updating an existing residential property to enhance its functionality, aesthetics, or value. The focus on home renovation arises because of personalization, property value, functionality, sustainability, lifestyle changes, and housing stock conditions. Outdoor furniture is commonly used in home renovation projects to enhance and extend outdoor living spaces, providing homeowners with functional and comfortable areas for relaxation, dining, and entertaining. For instance, in January 2023, according to the Joint Center for Housing Centers of Harvard University, a US-based university research center, the expenditure on home improvement projects is expected to increase from $472 billion in 2022 to $485 billion in 2024. Therefore, the increasing focus on home renovation is driving the growth of the outdoor furniture market.
Market Trends –
Major companies operating in the outsourced customer care services market are focused on developing innovative solutions, such as outsourced service to strengthen their position in the market. Outsourcing is the process of contracting or delegating some company responsibilities or activities to outside service providers rather than managing them internally. For instance, in June 2021, Intellinetics, Inc., a US-based content services software company, launched its new Business Process Outsourcing (BPO) services. The unique feature of this service is its capacity to adapt to the changing needs of current clients and broaden its service portfolio into new markets. The integrated solutions from Intellinetics are a strategic and seamless expansion of their core competencies in document conversions, digital and paper-based mail processing, enterprise content management solutions, and records storage and retrieval. They are supported by Accounts Payable invoice processing, digital mailroom services, and claims processing.
The outdoor furniture market covered in this report is segmented –
1) By Product: Seating Sets, Loungers, Dining Sets, Chairs, Table, Other Products
2) By Material Type: Wood, Metal, Plastic, Others Material Types
3) By End-User: Residential, Commercial
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Regional Insights –
North America was the largest region in the outdoor furniture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the outdoor furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Key Companies –
Major companies operating in the outdoor furniture market are The Home Depot Inc., Steelcase Inc, Woodard LLC, La-Z-Boy Inc, Skyline Design, Keter Plastic Ltd, Haworth Inc., Trex Company, Kimball International Inc., Century Furniture LLC, Dedon GmbH, Brown Jordan International, Tropitone Furniture Co., Summer Classics, Ebel Inc., Tuuci, Winston Furniture Company, Hauser Industries, Alfresco Home, Castelle Furniture Co Inc., Lloyd Flanders, Fermob, Sun Garden GmbH, EMU Group, Sifas
Table of Contents
1. Executive Summary
2. Outdoor Furniture Market Report Structure
3. Outdoor Furniture Market Trends And Strategies
4. Outdoor Furniture Market – Macro Economic Scenario
5. Outdoor Furniture Market Size And Growth
…..
27. Outdoor Furniture Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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