Market Size of Outdoor Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| CAGR | > 5.00 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Outdoor Furniture Market Analysis
Globally, consumer spending and traveling by tourists have increased. These trends are mainly observed in seaside areas, hill stations, scenic beauty places, and historical monuments, which in turn, leading to the increasing number of hotels, resorts, open spaces, and public gardens. Thus, the increasing number of hotels and restaurants may drive the outdoor furniture market during the forecast period. The rising financial ability to spend on leisure and experiences is increasing consumer spending on outdoor furniture in the residential sector. Several homeowners are focusing on enhancing the garden and balcony appearance with the delightful appealing sitting areas. The choice of furniture is highly dependent upon the external climatic conditions. Good weather resistance, crack proofing, insect resistance, and superior tensile strength are among the key factors that are considered while selecting outdoor furniture. The majority of the manufacturers are turning their interest in crafting eco-friendly fixtures. Additionally, an enhancing outer appearance to signify matching architectural themes and style of living spaces and backyards of houses plays a major role in the purchase decision. Manufacturing companies are focusing on beach resorts and hotels, owing to the higher profitability achieved from these sectors.
