Outdoor garden furniture, also known as patio furniture, is designed explicitly for outdoor use. Outdoor furniture is made using weather-resistant materials, particularly aluminum. Garden furniture includes four or six chairs, a table, and a parasol. It can also include plant stands, planter boxes, birdbaths, and trellises in the outdoor space.
FastMR Brief
- As per a report, The global outdoor garden furniture market was valued at USD 15.7 million in 2020 and is expected to grow at a CAGR of around 7.5% during the review period 2022-2030.
- In 2020, the average expenditure on outdoor furniture per consumer in the US amounted to approximately USD 47.
- Increasing consumer spending on furniture to decorate home and outdoor spaces is the key factor bolstering the market growth.
Outdoor Garden Furniture Market Insight
Outdoor spaces play a significant role in cleaning our minds. Outdoor garden furniture brings comfort and peace to the people. It allows indoor rooms to move outdoors and provides peaceful surroundings. It provides space to relax and enjoy the beauty of trees and flowers grown in the garden. It provides a great place to get in touch with nature and share great times with friends and family.
A place to sit and relax in the garden, enjoy a morning cup of coffee, or read a book drives the need for great outdoor garden furniture. It creates a good entertainment space for catching up with friends or a family barbecue. It creates an enjoyable environment, especially on a hot, sunny day.
Growing consumer interest in gardening will likely increase the demand for outdoor furniture to make the outdoor space more appealing and sit and enjoy the view. The rise in disposable income of the consumers has resulted in increased spending on gardening. With the increase in residential construction activities across geographies, the demand for outdoor garden furniture is expected to increase substantially.
Significant growth of the real estate industry and the rising urban populace have resulted in increased demand for outdoor garden furniture. Many hotels and restaurant owners emphasize setting up outdoor dining areas to provide a soothing environment and a delightful consumer experience. This trend is widespread in tourist places, particularly hill stations, because of rising global tourism spending, especially after the covid-19 outbreak.
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Covid-19 outbreak further boomed the demand for outdoor furniture as consumers had to stay at home during the lockdown, which resulted in increased spending on gardening activities and thus, supported the growth of outdoor garden furniture.
Rising consumer awareness about environmental concerns has further given impetus to increase spending on making our surroundings greener. More and more people are emphasizing creating garden spaces in their homes, particularly millennials in developing countries, coupled with rising per capita disposable income. This is expected to create significant growth opportunities for the players operating in the global outdoor garden furniture market. In addition, the rising demand for furniture made using eco-friendly materials is also witnessed to offer lucrative growth opportunities to the market players.
The outdoor furniture manufacturers are focusing on developing garden furniture with unique features to enhance the aesthetic appeal of the garden and household backyards. This is likely to bolster the market growth in the coming years.
Outdoor garden furniture can be made using various materials such as plastic, wood, and metal. The material used to make outdoor furniture plays a crucial role due to changing climatic conditions and rising environmental concerns. Wood furniture is the most preferred type of furniture as it improves the aesthetics of the place and is eco-friendly. Also, wood material is durable, comfortable, and gives a natural rich look.
Outdoor garden furniture can include various products such as tables, chairs, dining sets, seating sets, and furniture accessories. Outdoor garden chairs accounted for the largest market share as chairs are the standard product for gardens to sit and relax. Some commonly available chairs for outdoor spaces include foldable chairs, patio swings, hammocks, or porch swings.
Outdoor garden furniture is widely popular in the North America region, particularly in the US. The regional market growth can be attributed to the high popularity of outdoor spaces in homes and high consumer spending on luxurious garden furniture to improve the aesthetic appeal of their household backyards. The presence of key outdoor furniture manufacturers in the US, such as Brown Jordan and Forever Patio, is another key factor supporting the market growth in the region.
Europe is another prominent region for the global market growth due to high consumer spending on outdoor garden furnishing in countries including Germany, the UK, France, Italy, and Spain. Increasing demand for innovative and luxurious outdoor furniture is expected to drive market growth significantly in the region.
The growing popularity of gardening and outdoor spaces in developing countries and increasing consumer spending on tourism are expected to contribute to the growth of outdoor garden furniture in the Asia-Pacific region.
The key players offering outdoor garden furniture include Herman Miller, Inter IKEA Systems BV, Trex Company, Steelcase, Inc., Kimball International, Keter Plastic Ltd., and Brown Jordan International, Inc.
