Outdoor Furniture expected to experience the strongest growth in 2027

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The global outdoor furniture market was valued at US$ 17,843.7 million in 2018 and is projected to reach US$ 26,598.5 million by 2027; it is expected to grow at a CAGR of 4.5% from 2019 to 2027.

Outdoor furniture such as chairs, tables, seating sets, dining sets, loungers, daybeds, and hammocks are quite popular among the residential and commercial customers. The outdoor furniture market on a global scale has been witnessing substantial growth in the recent past. Factors such as a rise in consumer spending and traveling trends have resulted in the rising  number of tourists across the world. These factors are mostly observed in tourist spots, beach sides, and hill stations, thereby leading to increased counts of motels, hotels, guest houses, resorts, open spaces, and public gardens. Hence, a growing number of hotels and restaurants are further expected to propel the outdoor furniture market during the forecast period. Moreover, increasing financial capacity of consumers to spend on leisure activities is encouraging consumers to spend a higher amount on outdoor furniture in the residential sector. 

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The COVID-19 outbreak, which began in Wuhan (China) in December 2019, has spread around the globe at a fast pace. As of June 2020, the US, Russia, India, China, Italy, Spain, France, and Germany, are among the worst-affected countries in terms of positive cases and reported deaths. According to the WHO figures updated in June 2020, approximately 7,482,952 confirmed cases and 419,497 deaths have been reported globally. The outbreak has affected economies and industries due to lockdowns, travel bans, and business shutdowns. Consumer goods is one the world’s major industries suffering serious disruptions such as supply chain breaks, technology events cancellations, and office shutdowns as a result of this pandemic.


Agio International Company, Ltd.; Ashley Home Stores, Ltd.; Barbeques Galore; Brown Jordan; Century Furniture LLC; Home crest Outdoor Living LLC; Inter Ikea Systems B.V.; Keter Group; Florida Patio Furniture Inc.; and Polywood are among the players present in the global outdoor furniture market.

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Geographically, the global outdoor furniture market is segmented into North America, Europe, AsiaPacific, South America, and Middle East and Africa. In 2018, North Americaheld the largest share in the global outdoor furniture market, followed by Europe and AsiaPacific.The US is dominating the outdoor furniture market in North America region, followed by Canada and Mexico. The demand for outdoor furniture products in the in North America is estimated to rise, owing to the growing investment in home construction projects along with the increase in number of commercial properties.





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