What is the Patio Furniture Market Size?
The patio furniture market size is forecast to increase by USD 4.38 billion CAGR of 5% between 2024 and 2029. The market is witnessing significant growth, driven by the opening of new brick-and-mortar stores by retailers and the increasing availability of products on online channels. However, challenges such as weather-related durability issues persist, requiring manufacturers to focus on producing high-quality, weather-resistant products. Factories are focusing on the production of crack-proof, insect resistance, and weather resistance materials, such as tensile strength aluminum, high-density polyethylene (HDPE), and teak wood, to cater to this demand. Retailers are responding to these trends by expanding their offerings both online and in-store, providing consumers with greater accessibility and convenience. As the market continues to evolve, staying informed about these developments is crucial for industry participants looking to capitalize on opportunities and mitigate risks.
What will be the size of Market during the forecast period?
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Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
Material
Wood
Metal
Plastic
Product
Sofas
Dining set
Table
Chair
Others
Geography
North America
Canada
Mexico
US
Europe
Germany
UK
France
Italy
APAC
China
South America
Brazil
Middle East and Africa
Which is the largest segment driving market growth?
The wood segment is estimated to witness significant growth during the forecast period. The market is characterized by a diverse product line, catering to various leisure activities and living standards. Wood, including teak, is a preferred material due to its natural beauty, durability, and versatility.
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The Wood segment was valued at USD 8.32 billion in 2019. Teak wood, in particular, is highly valued for its exceptional qualities. Renowned for its resistance to weather conditions and minimal maintenance requirements, teak is a top choice for those seeking long-lasting and reliable outdoor furniture. The natural oils of teak protect against water, insects, and decay, ensuring the furniture maintains its structural integrity and aesthetic appeal. As consumer spending on home improvements and eco-friendly products continues to grow, the market for weather-resistant, renewable energy-powered patio furniture is expected to expand. Motels, restaurants, and private residences are among the key sectors driving market development, with profitability and living standards being significant factors influencing consumer preferences.
Which region is leading the market?
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The North American market for patio furniture is witnessing notable expansion due to the rising preference for enhancing outdoor living spaces. This trend is evident in the emergence of new brands and offerings catering to the diverse requirements of consumers. The appeal of patio furniture lies in its ability to transform balconies, gardens, and patios into comfortable and stylish extensions of indoor living spaces. Homeowners are investing more in these areas to create scenic retreats that offer a respite from the hustle and bustle of daily life. The hospitality industry, including resorts, restaurants, and cafes, is also capitalizing on this trend, with many establishments offering outdoor dining options to attract customers. Factories in North America and abroad are ramping up production to meet the growing demand for patio furniture. These manufacturers are focusing on producing crack-proof and weather-resistant materials to ensure their products can withstand the elements and last for years. The residential sector is a significant contributor to the market's growth, with homeowners seeking high-quality, affordable options for their outdoor spaces.
How do company ranking index and market positioning come to your aid?
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.
Berlin Gardens LLC - This company offers handcrafted outdoor poly furniture made from high-density polyethylene.
Technavio provides t
Concerning the seven selected segments, the segment Living Room Furniture has the largest revenue with 81,263,956,195.75 U.S. dollars. Contrastingly, Outdoor Furniture is ranked last, with 20,218,094,201.74 U.S. dollars. Their difference, compared to Living Room Furniture, lies at 61,045,861,994.01 U.S. dollars. Find other insights concerning similar markets and segments, such as a ranking of subsegments in Europe regarding revenue in the Furniture market as a whole and a ranking by country regarding revenue in the kitchen & dining furniture segment of the furniture market. The Statista Market Insights cover a broad range of additional markets.
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The global patio furniture market, valued at $15.85 billion in 2025, is projected to experience steady growth, exhibiting a compound annual growth rate (CAGR) of 5% from 2025 to 2033. This growth is fueled by several key drivers. Rising disposable incomes in developing economies, coupled with a growing preference for outdoor living and entertaining, are significantly boosting demand. Consumers are increasingly seeking comfortable and stylish outdoor furniture to enhance their backyard spaces, creating a favorable market environment. Furthermore, technological advancements in materials, leading to more durable, weather-resistant, and aesthetically pleasing patio furniture, are contributing to market expansion. The market is segmented by material (wood, metal, plastic) and product type (sofas, dining sets, tables, chairs, and others). While wood and metal traditionally dominate, plastic furniture is gaining traction due to its affordability and low maintenance. The product segment is diversified, with sofas and dining sets leading the market share, reflecting the growing trend towards creating comprehensive outdoor living spaces. Competitive rivalry among established players like Brown Jordan, Telescope Casual Furniture, and Poly Wood, alongside emerging brands, keeps innovation and pricing competitive. However, challenges such as fluctuating raw material prices and potential supply chain disruptions pose risks to consistent market growth. Regional variations exist, with North America and Europe currently holding significant market shares, while APAC is poised for substantial growth in the coming years driven by increasing urbanization and disposable income. The forecast period (2025-2033) anticipates continued market expansion, driven by the factors mentioned above. The shift towards sustainable and eco-friendly materials, as well as increased demand for customizable and modular furniture designs, will shape future market trends. Companies are focusing on strategic partnerships, product diversification, and innovative marketing strategies to gain a competitive edge. Understanding consumer preferences for specific materials, styles, and functionalities within different regional markets is crucial for success within this dynamic industry. The market's continued success hinges on adapting to evolving consumer demands, effectively managing supply chain challenges, and embracing sustainable manufacturing practices.
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The global outdoor furniture market size is projected to increase from USD 53.38 billion to USD 112.92 billion, registering a CAGR of over 5.9% during the forecast period, from 2025 to 2037. North America is anticipated to hold the largest industry share by the end of 2037, driven by rising concept of extravagant outdoor living spaces with new materials, comfortable seating, and elegant lighting has uplifted the market for outdoor furniture.
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The outdoor furniture market research report estimates the market size to be $ 3.73 bn in 2021-2025. The incremental growth and the accelerate growth momentum present a positive outlook for the market. This will encourage established as well as new vendors to make investments and strengthen their position in the outdoor furniture market.
The outdoor furniture market research report offers several other key information including:
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 market 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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The size and share of the market is categorized based on Type (Aluminum Chairs, Aluminum Sofa, Aluminum Table, Others) and Application (Residential, Commercial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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According to Cognitive Market Research, The global luxury outdoor furniture market size is USD 1.9 billion in 2023 and will expand at a compound annual growth rate (CAGR) of 5.0% from 2023 to 2030
The demand for luxury outdoor furniture is rising due to the numerous strategies adopted by key participants.
Demand for sofas and seatings remains higher in the luxury outdoor furniture market.
The metal category held the highest luxury outdoor furniture market revenue share in 2023.
North American luxury outdoor furniture will continue to lead, whereas the Asia Pacific luxury outdoor furniture market will experience the most substantial growth until 2030.
Growing Demand for Outdoor Living and Increasing Popularity of Eco-Friendly Furniture to Provide Viable Market Output
There is a growing trend towards outdoor living, with more people seeking to create comfortable and stylish outdoor spaces for relaxation and entertainment. This has resulted in an increased demand for high-quality luxury outdoor furniture that is both functional and aesthetically pleasing. The trend towards outdoor living has been driven by a range of factors, including the desire for more space, the growing popularity of outdoor activities, and the rise of remote work, which has led many people to spend more time at home. Moreover, there is a growing awareness of the importance of sustainability and eco-friendliness in the furniture industry. As a result, many luxury outdoor furniture manufacturers are incorporating eco-friendly materials and production methods into their products, which is attracting environmentally conscious consumers.
For instance, in 2020, Dedon launched the TIBBO collection, a high-end outdoor furniture collection made from sustainable teak wood and woven fiber.
(Source:events.dedon.de/#:~:text=DEDON's%20first%20collection%20in%20teak,and%20luxurious%20look%20and%20feel.)
Rise in Disposable Income & Growing Popularity of Online Sales to Propel Market Growth
As disposable income levels rise, more people are able to afford luxury outdoor furniture, which is typically more expensive than standard outdoor furniture. This has led to an increase in demand for high-end outdoor furniture that is made from high-quality materials and designed to last. The rise in disposable income has been driven by range of factors, including economic growth, rising wages, and decreasing unemployment rates. Additionally, with the increasing popularity of online shopping, luxury outdoor furniture manufacturers are expanding their online presence to reach a wider audience. This has led to an increase in online sales of luxury outdoor furniture, making it more accessible to consumers around the world.
For instance, in 2021, Brown Jordan launched the Acero collection, a line of outdoor furniture featuring a combination of steel and teak wood.
(Source:www.brownjordan.com/)
Market Dynamics of Luxury Outdoor Furniture
High Costs, Limited Availability of Skilled Artisans, and Competition from Alternative Materials to Restrict Market Growth
The luxury outdoor furniture market faces several key restraints that can impact its growth. Firstly, the high cost of luxury outdoor furniture can limit its demand among price-sensitive consumers. The use of high-quality materials & skilled craftsmanship in the production of luxury outdoor furniture results in higher prices that not all consumers can justify. Moreover, the limited availability of skilled artisans can lead to longer lead times for production and higher prices, which can deter some consumers from purchasing luxury outdoor furniture. As luxury outdoor furniture is often handmade by skilled artisans, their limited supply can cause production delays, which can be a significant restraint on the growth of the market. Also, competition from alternative materials, such as plastic and synthetic materials, which are often less expensive and more durable, can limit the demand for luxury outdoor furniture. This can be particularly true among price-sensitive consumers who prioritize functionality over aesthetics.
Impact of COVID–19 on the Luxury Outdoor Furniture Market
The COVID-19 pandemic has had a significant impact on the luxury outdoor furniture market. With the outbreak of the pandemic, many countries implemented lockdown measures to control the spread of the virus. This resulted in the closure of several businesses, including f...
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The global street furniture market, valued at $5.91 billion in 2025, is projected to experience steady growth, exhibiting a Compound Annual Growth Rate (CAGR) of 3.71% from 2025 to 2033. This growth is fueled by several key factors. Increasing urbanization globally necessitates efficient and aesthetically pleasing public spaces, driving demand for durable and functional street furniture. Furthermore, the rising focus on smart city initiatives is integrating technology into street furniture, such as interactive kiosks and intelligent lighting, further boosting market expansion. Government investments in urban infrastructure renewal and beautification projects contribute significantly to market growth, especially in developed regions like North America and Europe. The shift towards sustainable and eco-friendly materials in street furniture manufacturing is also gaining momentum, reflecting growing environmental concerns. Competitive landscapes are shaped by a mix of established players and emerging companies, fostering innovation and a diverse product range. Segment-wise, the market is segmented by distribution channel (offline and online), material type (metal, wood, plastic), and region. North America and Europe currently hold significant market share due to established infrastructure and higher disposable incomes. However, the Asia-Pacific region, particularly China and India, is expected to witness substantial growth in the coming years due to rapid urbanization and increasing infrastructure development. The online distribution channel is gaining traction, offering convenience and wider product accessibility. The choice of material depends on factors such as cost, durability, and aesthetic preferences. Metal furniture remains dominant due to its strength and longevity, but wood and plastic options are increasingly popular due to their cost-effectiveness and design versatility. The market faces challenges such as fluctuating raw material prices and stringent regulatory compliance requirements, influencing overall market dynamics.
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The size and share of the market is categorized based on Type (Sofa, Dining Set, Umbrella and Tent, Others) and Application (Home, Commercial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 13.88(USD Billion) |
MARKET SIZE 2024 | 14.64(USD Billion) |
MARKET SIZE 2032 | 22.5(USD Billion) |
SEGMENTS COVERED | Material, Product Type, End Use, Design Style, Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | sustainable materials demand, high disposable income, design innovation, outdoor living trends, premium branding strategies |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | Brown Jordan, Fermob, Tuuci, Herman Miller, Caneline, LIXIL Group, Telescope Casual Furniture, Mamagreen, Lounge Co., Kettal, Royal Botania, Ratana, Gloster, Dedon |
MARKET FORECAST PERIOD | 2025 - 2032 |
KEY MARKET OPPORTUNITIES | Sustainable material integration, Smart outdoor technology, Customization and personalization trends, Growing luxury real estate demand, Increased outdoor living trend |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 5.51% (2025 - 2032) |
Rattan Furniture Market Size and Trends
The rattan furniture market size is forecast to increase by USD 717.2 million, at a CAGR of 2.8% between 2023 and 2028. The market is experiencing significant growth due to several key drivers. The increasing preference for outdoor living and the trend towards natural home décor are major factors fueling market expansion. Weaved rattan items, such as charcoal-colored chairs and tables, continue to be popular choices for creating a beach-chic atmosphere. Additionally, the demand for low-cost furnishings has led to the proliferation of multi-brand stores and exclusive outlets. Consumers are increasingly seeking eco-friendly alternatives to traditional materials, making rattan an attractive option due to its natural and sustainable origins. As the market continues to evolve, businesses need to stay informed about these trends and challenges to remain competitive.
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The market is witnessing significant growth due to its unique features and increasing popularity as a sustainable alternative to traditional timber. Rattan, derived from the tropical climbing palm, offers numerous benefits for both indoor and outdoor furniture applications. Rattan furniture is gaining traction as a preferred choice for construction materials and home décor due to its water-resistant properties, making it ideal for outdoor living spaces. Its lightweight and flexible structure makes it a popular option for creating authentic, natural textures in both residential and commercial settings. The use of rattan furniture extends beyond seating and weaved items. It is increasingly being adopted for flooring and other construction materials, providing a natural direction for interior design and outdoor living culture. The biodegradable nature of rattan also aligns with the growing trend towards sustainable practices and eco-friendly materials. Despite the increasing demand for rattan furniture, it is essential to ensure sustainable harvesting practices to maintain the long-term viability of the market. A gap assessment can help identify areas for improvement and promote responsible sourcing.
Rattan furniture offers a cost-effective solution for low-cost furnishings while maintaining a high level of aesthetic appeal. Its versatility and compatibility with various design styles, from beach chic to formal interior design, make it a valuable addition to any home or business. The natural textures and resistance to toxic chemicals found in rattan make it a desirable alternative to traditional materials like charcoal. As the market for rattan furniture continues to grow, it is crucial for manufacturers to focus on maintaining the authenticity and quality of their products to meet the evolving demands of consumers. The market presents numerous opportunities for growth and innovation. Its unique features, sustainability, and versatility make it a valuable addition to the construction materials and furniture industries. By focusing on sustainable harvesting practices and maintaining the authenticity of their products, manufacturers can capitalize on the growing demand for rattan furniture and contribute to the ongoing trend toward eco-friendly materials and designs.
Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD million' for the period 2024-2028, as well as historical data from 2018 - 2022 for the following segments.
End-user
Residential
Commercial
Geography
North America
Canada
US
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
South America
Brazil
Middle East and Africa
By End-user Insights
The residential segment is estimated to witness significant growth during the forecast period. The United States market for rattan furniture is witnessing significant expansion due to the rising demand for interior design solutions that are both stylish and sustainable. The natural beauty and lightweight design of rattan furniture make it an ideal choice for American homeowners looking to create inviting and comfortable living spaces. Rattan's versatility allows it to be used in various settings, including dining and living rooms, as well as outdoor patios and gardens. Moreover, the renewable nature of rattan has made it increasingly popular among consumers who prioritize eco-friendly and sustainable products.
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The residential segment was valued at USD 3.76 billion in 2018. Rattan is sourced from palm trees in a way that does not cause significant harm to the environment, making it an attractive option for those seeking to reduce their carbon footprint. Rattan furniture's appeal extends beyond residential applications. The hospitality industry has also
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The size and share of the market is categorized based on Type (Tables, Chests, Chairs, Others) and Application (Household, Commercial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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This report provides key outdoor furniture market analysis on 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) that can help players evaluate the overall supply and demand aspects and business approaches.
These segments are further classified based on their CAGR, growth, and spend momentum during the forecast period. Click the link to get such a detailed analysis of the various market segments.
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BASE YEAR | 2024 |
HISTORICAL DATA | 2019 - 2024 |
REPORT COVERAGE | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
MARKET SIZE 2023 | 4.05(USD Billion) |
MARKET SIZE 2024 | 4.23(USD Billion) |
MARKET SIZE 2032 | 6.0(USD Billion) |
SEGMENTS COVERED | Material ,Design Style ,Function ,Price Range ,Sustainability Features ,Regional |
COUNTRIES COVERED | North America, Europe, APAC, South America, MEA |
KEY MARKET DYNAMICS | Rising disposable income Growing demand for designer furniture Increasing urbanization Growing popularity of outdoor living spaces Technological advancements |
MARKET FORECAST UNITS | USD Billion |
KEY COMPANIES PROFILED | 11. Roda ,2. Gloster ,9. Manutti ,12. Extremis ,5. Tuuci ,3. Kettal ,4. Sutherland ,14. Gloster Furniture ,8. Ethimo ,15. B&B Italia Outdoor ,6. Paola Lenti ,10. Tribu ,1. Dedon ,13. Cassina ,7. JANUS et Cie |
MARKET FORECAST PERIOD | 2024 - 2032 |
KEY MARKET OPPORTUNITIES | Urbanizationdriven demand Growing disposable income Increased focus on home aesthetics Sustainability and ecofriendliness Technological advancements |
COMPOUND ANNUAL GROWTH RATE (CAGR) | 4.47% (2024 - 2032) |
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The global picnic table market is experiencing robust growth, driven by increasing urbanization, rising disposable incomes, and a growing preference for outdoor recreational activities. The market is segmented by application (parks and public spaces, tourist attractions, restaurants and cafes, schools, and others) and type (wood, metal, and others). Parks and public spaces currently dominate the application segment, reflecting the importance of providing public amenities for community use. However, the restaurant and cafe segment shows significant growth potential, driven by the increasing popularity of outdoor dining experiences. Wooden picnic tables hold the largest market share in the type segment due to their aesthetic appeal and relatively lower cost, but metal picnic tables are gaining traction due to their durability and longevity, especially in high-traffic areas. The market is geographically diverse, with North America and Europe currently holding the largest market shares, although Asia-Pacific is expected to witness significant growth in the coming years, fueled by rapid economic development and rising urbanization in countries like China and India. Key players in the market are strategically focusing on product innovation, expansion into new geographies, and mergers and acquisitions to maintain their competitive edge. The market is characterized by a moderate level of competition, with several established players and emerging companies vying for market share. This competitive landscape is driving innovation in design, materials, and functionality, leading to the development of more durable, sustainable, and aesthetically pleasing picnic tables. The forecast period of 2025-2033 promises continued expansion for the picnic table market. Factors such as the increasing focus on creating accessible and inclusive public spaces, growing concerns about environmental sustainability, and the rise of eco-friendly materials will shape market trends. Manufacturers are increasingly incorporating sustainable materials like recycled wood and metal into their designs, catering to the growing eco-conscious consumer base. Furthermore, the market is witnessing the integration of smart technologies, such as solar-powered lighting and integrated charging stations, enhancing the user experience. While the overall market growth is positive, challenges remain, including fluctuations in raw material prices, potential supply chain disruptions, and the need to comply with increasingly stringent environmental regulations. Despite these challenges, the long-term outlook for the picnic table market remains optimistic, driven by sustained demand from diverse end-use segments and continuous innovations in product design and manufacturing.
Wooden Furniture Market Size 2025-2029
The wooden furniture market size is forecast to increase by USD 126.8 billion at a CAGR of 5.9% between 2024 and 2029.
The market is experiencing significant growth due to the expansion of the real estate and construction sectors. The increasing demand for sustainable and eco-friendly home furnishings, such as hardwood cabinets and chairs, is driving market growth. However, challenges persist for manufacturers and companies, including rising costs of raw materials like hardwood and plywood, as well as the emergence of alternatives like rubber and plastic furniture. Outdoor furniture and luxury furniture segments are also witnessing increased demand, with innovations like LED lighting and upholstered furniture adding to the market's appeal. The spa and wellness industry's focus on creating relaxing environments is further fueling the demand for high-quality wooden furniture.
Overall, the market is expected to continue its growth trajectory, with trends like customization and technological advancements shaping the future landscape.
What will be the Size of the Wooden Furniture Market During the Forecast Period?
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The market encompasses a diverse range of products, including hardwood and softwood offerings for both residential and commercial applications. Mass market players and specialty stores cater to various segments, such as furniture stores, offices, hospitals, hospitality infrastructure, and commercial applications. The market exhibits a strong growth trajectory, driven by the increasing demand for modular furnishing, premium home interiors, and remodeling services. New residential construction also contributes significantly to market expansion. Popular wooden furniture types include chairs, tables, cabinets, and various specialty items made from mango wood, sheesham wood, rubber wood, lamination, medium-density fiberboard, and other materials. Overall, the market is poised for continued growth, driven by evolving consumer preferences and the versatility of wooden furnishings in various sectors.
How is this Wooden Furniture Industry segmented and which is the largest segment?
The report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019-2023 for the following segments.
Application
Home
Office
Distribution Channel
Offline
Online
Type
Hardwood
Softwood
Geography
APAC
China
India
Japan
South Korea
Europe
Germany
UK
France
Italy
North America
Canada
US
South America
Middle East and Africa
By Application Insights
The home segment is estimated to witness significant growth during the forecast period. The home segment holds a significant share in the market, accounting for the majority of applications. In residential spaces, the preference for wooden furniture continues due to its usability and aesthetic appeal. The trend of compact living and frequent home relocations has led to an increase in demand for portable, wooden furniture. Innovative designs that maximize comfort while minimizing space are highly sought after. This segment encompasses furniture for living rooms, bedrooms, kitchens, dining rooms, bathrooms, and other areas. In commercial applications, it is also popular for its durability and versatility. Wood-based materials, including hardwood, softwood, plywood, particleboard, and engineered wood, are commonly used for both residential and commercial furniture production.
The market is influenced by housing demand, furnishings demand, interior design trends, and sustainability concerns. Natural and eco-friendly materials, such as reclaimed wood and sustainably sourced wood, are gaining popularity due to their minimalist design principles and responsible wood sourcing practices. Furniture repair, refinishing, and upcycling are also growing trends in the market. Wooden furniture is used extensively in various commercial sectors, including office spaces, hospitals, hospitality infrastructure, and commercial construction. The market is expected to grow, driven by these trends and the increasing demand for premium home interiors and remodeling services. Outdoor furniture trends and new residential construction also contribute to the market's growth.
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The home segment was valued at USD 273.40 billion in 2019 and showed a gradual increase during the forecast period.
Regional Analysis
APAC is estimated to contribute 43% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The market in APAC held a signifi
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The size and share of the market is categorized based on Type (Tables and Chairs, Sofa, Others) and Application (Household, Commercial) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
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Furniture Type: Chairs, sofas, tables, and beds account for the majority of the Furniture Market, catering to both functional and aesthetic needs in various settings. Category: RTA furniture offers ease of assembly and affordability, while non-RTA furniture provides a wider range of designs and materials. Material: Wood, metal, glass, and plastic are commonly used materials in furniture production, each offering unique properties and aesthetic appeal. End User: Residential furniture caters to homes and apartments, while commercial furniture serves businesses, offices, and hospitality establishments. Recent developments include: August 2022 Ashley Furniture in an aim to strengthen its distribution networks has opened a new distribution center in the Pacific Northwest, North America. The company has planned to extend the space to 1.1 million square feet which are aimed to support its omnichannel presence including brick-and-mortar stores, brokers, retailers, and e-commerce stores., February 2022 Plank & Hide Co., a leading manufacturer of indoor furniture including home entertainment and recreational furniture has acquired 300 South Main. Latter is one of the prominent players in the outdoor furniture business in the US and the acquired entity is to be named P&H Elements. The acquisition is expected to strengthen and diversify the product offerings of Plank & Hide., August 2022 IKEA launched a new office home collection in Canada. The collection consists of its age-old famous Poäng Chair, with additional features like a folding gym mat, soap dispenser, and a Wi-Fi speaker. Dentsu Creative is the social media agency for the marketing of the product.. Key drivers for this market are: Growth of Eye Makeup Products 32, Growing Working Women Population 33; Growth of Organized Retail Sectors 34. Potential restraints include: Fluctuating Prices Of Raw Materials 33, Increasing Demand For Substitute Products 33. Notable trends are: Growth In The Hospitality and Real Estate Sectors.
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According to Cognitive Market Research, the global outdoor benches market size will be USD 7514.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.80% from 2024 to 2031.
North America held the major market share for more than 40% of the global revenue with a market size of USD 3005.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.
Europe accounted for a market share of over 30% of the global revenue with a market size of USD 2254.35 million.
Asia Pacific held a market share of around 23% of the global revenue with a market size of USD 1728.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.
Latin America had a market share of more than 5% of the global revenue with a market size of USD 375.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031.
Middle East and Africa had a market share of around 2% of the global revenue and was estimated at a market size of USD 150.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2031.
The metal is the fastest growing segment of the outdoor benches industry
Market Dynamics of Outdoor Benches Market
Key Drivers for Outdoor Benches Market
Increasing demand for outdoor recreational spaces to drive market growth
The increasing demand for outdoor recreational spaces is a key driver of growth in the Outdoor Benches Market. As urbanization accelerates, cities and municipalities are focusing on creating more public green spaces, parks, and outdoor areas for community engagement. These spaces not only provide areas for relaxation but also promote health and well-being by encouraging outdoor activities. As a result, the need for outdoor furniture, particularly benches, has risen significantly. Public spaces such as parks, plazas, and streets require durable, comfortable seating solutions to accommodate high foot traffic and outdoor conditions. Additionally, private sector investments in outdoor cafes, restaurants, and resorts further amplify this demand. With an increasing emphasis on creating inviting and functional public spaces, outdoor benches have become essential in urban planning, fueling market growth globally.
Rising consumer spending on outdoor home improvement to boost market growth
Rising consumer spending on outdoor home improvement is significantly boosting the Outdoor Benches Market. As homeowners increasingly focus on enhancing their outdoor living spaces, there has been a growing demand for high-quality, durable furniture for gardens, patios, and terraces. The pandemic accelerated this trend, with many people investing in their homes as they spent more time outdoors. Consumers are seeking comfortable, aesthetically pleasing benches that not only serve as functional seating but also elevate the overall design of their outdoor areas. This shift is particularly prominent in suburban areas where larger outdoor spaces allow for more elaborate landscaping. With disposable incomes on the rise and a growing desire for home personalization, people are willing to invest in premium outdoor furniture. As a result, this trend is expected to continue, further driving the growth of the outdoor benches market in the coming years.
Restraint Factor for the Outdoor Benches Market
Limited awareness in rural areas about outdoor furniture benefits to limit market growth
Limited awareness about the benefits of outdoor furniture in rural areas is a significant restraint on the growth of the Outdoor Benches Market. Many rural consumers prioritize basic, functional items over decorative or luxury outdoor furnishings, resulting in less demand for products like benches. Traditional seating arrangements, such as benches made from locally sourced materials or even simple stone or wood structures, are often preferred. Additionally, rural areas may not recognize the added value of investing in durable, weather-resistant outdoor furniture, which can enhance outdoor spaces and improve overall property value. This lack of awareness and the slower adoption of modern outdoor living trends hinder the market's expansion in these regions. To overcome this barrier, companies must focus on educating rural consumers about the long-term benefits and quality of outdoor benches through targeted marketing campaigns and demonstrations of the value they bri...
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The size and share of the market is categorized based on Type (Wooden, Made Of Metal, Other) and Application (Mall, Park, Beach, Other) and geographical regions (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa).
What is the Patio Furniture Market Size?
The patio furniture market size is forecast to increase by USD 4.38 billion CAGR of 5% between 2024 and 2029. The market is witnessing significant growth, driven by the opening of new brick-and-mortar stores by retailers and the increasing availability of products on online channels. However, challenges such as weather-related durability issues persist, requiring manufacturers to focus on producing high-quality, weather-resistant products. Factories are focusing on the production of crack-proof, insect resistance, and weather resistance materials, such as tensile strength aluminum, high-density polyethylene (HDPE), and teak wood, to cater to this demand. Retailers are responding to these trends by expanding their offerings both online and in-store, providing consumers with greater accessibility and convenience. As the market continues to evolve, staying informed about these developments is crucial for industry participants looking to capitalize on opportunities and mitigate risks.
What will be the size of Market during the forecast period?
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Market Segmentation
The market research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2025-2029, as well as historical data from 2019 - 2023 for the following segments.
Material
Wood
Metal
Plastic
Product
Sofas
Dining set
Table
Chair
Others
Geography
North America
Canada
Mexico
US
Europe
Germany
UK
France
Italy
APAC
China
South America
Brazil
Middle East and Africa
Which is the largest segment driving market growth?
The wood segment is estimated to witness significant growth during the forecast period. The market is characterized by a diverse product line, catering to various leisure activities and living standards. Wood, including teak, is a preferred material due to its natural beauty, durability, and versatility.
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The Wood segment was valued at USD 8.32 billion in 2019. Teak wood, in particular, is highly valued for its exceptional qualities. Renowned for its resistance to weather conditions and minimal maintenance requirements, teak is a top choice for those seeking long-lasting and reliable outdoor furniture. The natural oils of teak protect against water, insects, and decay, ensuring the furniture maintains its structural integrity and aesthetic appeal. As consumer spending on home improvements and eco-friendly products continues to grow, the market for weather-resistant, renewable energy-powered patio furniture is expected to expand. Motels, restaurants, and private residences are among the key sectors driving market development, with profitability and living standards being significant factors influencing consumer preferences.
Which region is leading the market?
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North America is estimated to contribute 41% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional market trends and drivers that shape the market during the forecast period. The North American market for patio furniture is witnessing notable expansion due to the rising preference for enhancing outdoor living spaces. This trend is evident in the emergence of new brands and offerings catering to the diverse requirements of consumers. The appeal of patio furniture lies in its ability to transform balconies, gardens, and patios into comfortable and stylish extensions of indoor living spaces. Homeowners are investing more in these areas to create scenic retreats that offer a respite from the hustle and bustle of daily life. The hospitality industry, including resorts, restaurants, and cafes, is also capitalizing on this trend, with many establishments offering outdoor dining options to attract customers. Factories in North America and abroad are ramping up production to meet the growing demand for patio furniture. These manufacturers are focusing on producing crack-proof and weather-resistant materials to ensure their products can withstand the elements and last for years. The residential sector is a significant contributor to the market's growth, with homeowners seeking high-quality, affordable options for their outdoor spaces.
How do company ranking index and market positioning come to your aid?
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.
Berlin Gardens LLC - This company offers handcrafted outdoor poly furniture made from high-density polyethylene.
Technavio provides t