Global Outdoor Furniture and Accessories Market Size study & Forecast, by Type (Metal, Plastic, Wood, Textile, Others), by Application (Residential, Commercial) and Regional Analysis, 2023-2030

Global Outdoor Furniture and Accessories Market Size study & Forecast, by Type (Metal, Plastic, Wood, Textile, Others), by Application (Residential, Commercial) and Regional Analysis, 2023-2030

Global Outdoor Furniture and Accessories Market is valued at approximately USD XXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. Outdoor furniture and accessories are items designed specifically for use in outdoor environments, such as gardens, patios, decks, terraces, or any other outdoor living spaces. These items are created to withstand the various environmental factors, including sunlight, rain, wind, and temperature fluctuations, which can be harsh on traditional indoor furniture and decor. These can include items such as umbrellas, canopies, cushions, pillows, outdoor rugs, planters, lighting fixtures, grills, fire pits, and outdoor storage solutions. These accessories complement the furniture and add style, convenience, and functionality to outdoor spaces. The market is growing because of the increasing focus on outdoor living and the rising disposable income.

The rise in inclination towards the adoption of outdoor furniture is directly fueled by the rise in disposable income, which , in turn, propels the market demand around the world. As per the National Association of Home Building, the trend of connecting with the outdoors is on the rise. Their survey indicates that 58% of respondents are increasingly inclined to embrace outdoor living in the coming years. According to Statista, in 2021, the United States led the way among OECD countries in terms of gross household disposable income per capita, even when adjusted for purchasing power parity. The per capita disposable income in the United States stood at nearly USD 55,000, securing the top position. Luxembourg followed closely in second place with an approximate figure of USD 50,000, while Switzerland took the third position in this ranking. Moreover, product innovation and differentiation, sustainable and eco-friendly products can create more opportunities in the market However, challenges related to weather resistance and durability, coupled with fierce competition in a market highly sensitive to product pricing, present obstacles that may hinder market growth during the forecast period from 2023 to 2030..

The key regions considered for the Global Outdoor Furniture and Accessories Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa primarily driven by a surge in construction projects and the robust growth of the real estate industry. These factors have significantly fueled the market's expansion. In contrast, the Asia Pacific outdoor furniture market is poised to exhibit the most rapid Compound Annual Growth Rate (CAGR) of over XX% throughout the projected period. The Asia Pacific region offers an extensive array of upholstery items, complemented by an increasing availability of both domestic and international furnishing brands. Notably, international tourism has been gaining substantial traction in countries such as China, Malaysia, South Korea, Singapore, and India. This upsurge in tourist activity has led to a marked uptick in outdoor furniture sales within the region, thus contributing to the expansion of the commercial segment's market share.

Major market player included in this report are:
Century Furniture LLC
Inter IKEA Systems B.V.
Forever Patio
Brown Jordan International Inc
Berkshire Hathaway Inc
Williams-Sonoma Inc
Homecrest Outdoor Living
Royal Botania
Aura Global Furniture
Kimball International

Recent Developments in the Market:
 In June 2023, HNI Corporation proudly confirmed the finalization of its acquisition of Kimball International, Inc. This strategic merger, boasting pro forma revenue approaching USD 3 billion and a combined EBITDA of approximately USD 305 million, establishes an industry frontrunner..
 , in July 2022, Andreu World, a United States-based outdoor furniture manufacturer, inaugurated a brand-new showroom in Germany. This state-of-the-art showroom showcases a collection of outdoor furniture pieces meticulously crafted under the guidance of globally acclaimed designers such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, and Jasper, further solidifying the company's reputation for quality and innovation..

Global Outdoor Furniture and Accessories Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Application, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Metal
Plastic
Wood
Textile
Others

By Application:
Residential
Commercial

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Century Furniture LLC
Inter IKEA Systems B.V.
Forever Patio
Brown Jordan International Inc
Berkshire Hathaway Inc
Williams-Sonoma Inc
Homecrest Outdoor Living
Royal Botania
Aura Global Furniture
Kimball International

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