Market Size of India Outdoor Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 4.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Outdoor Furniture Market Analysis
The India Outdoor Furniture Market recorded a market size of USD XX.X million in 2022 and is poised to grow at a CAGR of 4% between 2023 and 2028. The outdoor furniture market in India is driven by the growth of furniture in the Asia-Pacific region. Increasing international tourists in the country drive the international outdoor furniture market. The government-led initiatives to promote the usage of open spaces and high investments to modify public spaces, parks sports arenas, and other areas may further lead to an increase in demand for the outdoor furniture market.
Mixed and dual-purpose outdoor furniture is becoming popular in the Indian market as an effective way to deal with space. Mixed material furniture is also gaining traction in the outdoor furniture market as they have a unique look and stand out from the crowd. In the residential sector, patio furniture is mainly used for balconies, terraces, and gardens. While in the commercial segment restaurants, and hotels are the large buyers of this kind of item of furniture. Garden furniture, also called patio furniture or outdoor furniture, is a type of furniture specifically designed for outdoor use. It is typically made of weather-resistant materials such as rust-proof aluminum. The patio furniture segment is also expected to rise in the forecasted period considering the growing interest in lawns in residential areas.
The impact of the coronavirus (COVID-19) on customer behavior and production patterns has underlined the necessity for Outdoor furniture manufacturers in India to embrace digitization and automation. Consumers' growing need for personalized shopping experiences at low prices is prompting outdoor furniture manufacturers to improve their current workflows. Advances in digital technology and information tools are assisting outdoor furniture manufacturers in responding more swiftly to changes in consumer demand, saving money, and improving operational efficiency. Because of the epidemic, consumer demand for ethically dynamic firms that reflect their beliefs and products that safeguard the environment is expanding.
