The Business Research Company’s report on the Street Furniture Market provides insights into the global market size, growth rate, regional distribution, competitive landscape, key segments, emerging trends, and strategic opportunities.
What are the key drivers behind the street furniture market’s growth in recent years?
Increasing urbanization is expected to propel the growth of the street furniture market going forward. Urbanization is the process by which an increasing percentage of a population moves from rural areas to urban areas, leading to the growth and expansion of cities. Increasing urbanization refers to the growing trend of people migrating from rural areas to urban areas, resulting in the rapid expansion and development of cities. Street furniture helps increase urbanization by enhancing public spaces with functional and aesthetic elements, improving the quality of life, and supporting the infrastructure needs of growing urban populations. For instance, in 2024, according to the United Nations Population Fund, a US-based human rights group, more than half of the world’s population now lives in urban areas, with projections suggesting it is expected to reach around 5 billion by 2030. Therefore, increasing urbanization is driving the growth of the street furniture market.
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How does the future projection of the street furniture market size compare to its historical growth?
The street furniture market size has grown strongly in recent years. It will grow from $9.86 billion in 2024 to $10.52 billion in 2025 at a compound annual growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed to increasing urbanization, an increase in the real estate industry, growth in the hospitality and real estate sectors, rising demand for outdoor living spaces, and rising research and development opportunities.
The street furniture market size is expected to see strong growth in the next few years. It will grow to $13.47 billion in 2029 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to the rising trend of outdoor entertainment, rising investments in urban infrastructure, e-commerce and online shopping, interior design trends, and the rise in multifunctional outdoor furniture options. Major trends in the forecast period include technological advancements, sustainability and eco-friendly solutions, advancements in materials and technology, a focus on aesthetics and placemaking, and the integration of smart technology.
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Which key players are shaping the future of the street furniture market?
Major companies operating in the street furniture market are JCDecaux SA, Keter Group B.V., Daktronics Inc., Skidmore Owings & Merrill LLP, Brown Jordan International Inc., Strugal Sistemas de Carpintería S.L., Landscape Forms Inc., Broxap Limited, Falco UK Ltd., Agio International Company Ltd., Equiparc Inc., Lappset Group Oy, Furnitubes International Limited, Concreteworks Studio LLC, Streetlife B.V., Urban Elements Ltd., Vestre AS, Tensile Group Pty Ltd., HAGS Aneby AB, Green Furniture Concept AB
What trends will propel the growth and evolution of the street furniture market?
Major companies operating in the street furniture market are focused on developing innovative solutions, such as urban furniture, to enhance urban environments with a modern aesthetic. Urban furniture refers to functional and aesthetic objects placed in public spaces, such as streets, parks, and plazas. For instance, in November 2024, Neri S.p.A., an Italy-based manufacturer of outdoor lighting systems and urban furniture, partnered with Skidmore, Owings & Merrill LLP, a US-based construction company, and launched the Nebula collection of urban furniture, designed by Skidmore, Owings & Merrill (SOM). This versatile range includes benches, stools, tables, bicycle racks, litter bins, and planters, available in multiple sizes and configurations. Designed to complement both vibrant and historic urban environments, the collection offers flexible solutions for creating inviting, human-scaled spaces that can seamlessly scale to large city streetscapes.
Which regions are expected to become dominant players in the street furniture market?
Asia-Pacific was the largest region in the street furniture market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the street furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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What are the emerging key segments in the street furniture market, and how are they evolving?
The street furniture market covered in this report is segmented –
1) By Product: Wood Furniture, Plastic Furniture, Metal Furniture, Other Products
2) By Application: Benches And Seats, Street Lightings And Traffic Signals, Barriers And Bollards, Other Applications
3) By End-User: Commercial, Residential
Subsegments:
1) By Wood Furniture: Wooden Benches, Wooden Picnic Tables, Wooden Planters, Wooden Bus Shelters
2) By Plastic Furniture: Recycled Plastic Benches, Plastic Waste Bins, Plastic Bollards, Plastic Seating Units
3) By Metal Furniture: Metal Benches, Metal Bike Racks, Metal Streetlights, Metal Bus Stops
4) By Other Products: Concrete Benches, Stone Sculptures, Smart Benches With Charging Stations, Hybrid Material Street Furniture
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How is the street furniture market defined, and what are its core characteristics?
Street furniture refers to various objects and structures placed in public spaces, such as benches, trash bins, and lighting, designed to enhance the urban environment. Its purpose is to provide functionality, comfort, and aesthetic value, improving the overall quality of public spaces for residents and visitors.
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