Outdoor Furniture Market Size, Share, Growth Analysis, By Type(Chairs, and Tables), By Distribution Channel(Offline retail, and Online retail), By Material(Wood, Plastic) - Industry Forecast 2024-2031

Outdoor Furniture Market size was valued at USD 45.10 billion in 2022 and is poised to grow from USD 47.67 billion in 2023 to USD 74.28 billion by 2031, growing at a CAGR of 5.70% during the forecast period (2024-2031).

The outdoor furniture market is highly competitive with the presence of several local and international players. Companies operating in the market are focusing on developing innovative designs and introducing new products to meet the changing consumer preferences. Additionally, manufacturers are investing in research and development activities to improve the quality of outdoor furniture products and enhance their durability. The market players are also focusing on expanding their distribution channels and collaborating with e-commerce retailers to increase their product reach. Moreover, strategic collaborations, mergers and acquisitions, and partnerships are other strategies being adopted by players to increase their market share. 'Ashley Furniture Industries, Inc. (US)', 'Brown Jordan International, Inc. (US)', 'Century Furniture LLC (US)', 'Forever Patio (US)', 'Gloster Furniture Ltd. (UK)', 'Home Depot Inc. (US)', 'Inter Ikea Systems B.V. (Netherlands)', 'Keter Plastic Ltd. (Israel)', 'La-Z-Boy Inc. (US)', 'Lloyd Flanders Industries, Inc. (US)', 'Manutti N.V. (Belgium)', 'Polywood LLC (US)', 'Royal Botania NV (Belgium)', 'Steelcase Inc. (US)', 'Summer Classics, Inc. (US)', 'Sun Garden GmbH (Germany)', 'Tropitone Furniture Co., Inc. (US)', 'Treasure Garden Inc. (US)', 'Winston Furniture Company, Inc. (US)', 'Woodard, LLC (US)'

The increasing trend of outdoor living and the growing demand for aesthetically pleasing and comfortable outdoor furniture designs are the key drivers of the outdoor furniture market. With rising disposable incomes and changing consumer preferences, there is a growing demand for outdoor furniture in both residential and commercial sectors, including hotels, resorts, cafes, and restaurants. Additionally, the availability of a variety of outdoor furniture products that are resistant to external climatic conditions and easy to maintain is driving market growth.

One of the key market trends in the outdoor furniture market is the increasing adoption of sustainable materials and eco-friendly manufacturing processes. With rising awareness about environmental sustainability, consumers are increasingly opting for outdoor furniture products made from recycled materials or sustainably sourced wood. Additionally, manufacturers are focusing on reducing their carbon footprint by using renewable energy sources and eco-friendly production techniques. Another trend is the increasing demand for multifunctional outdoor furniture products, which can be used for various purposes such as storage and seating.

North America is currently dominating the outdoor furniture market due to the high demand for outdoor furniture in the United States and Canada. The region's favorable climatic conditions, coupled with the growing trend of outdoor dining, are driving the market's growth. The increasing number of cafes and restaurants offering outdoor dining options is also boosting the demand for outdoor furniture. The presence of major players such as Home Depot, Lowe's, and Walmart is further fueling the growth of the market in the region. The availability of a variety of outdoor furniture products, coupled with the high disposable income of consumers in the region, is driving market growth.