New York – March 10, 2023- Research Nester’s recent market research analysis on “Outdoor Furniture Market: Global Demand Analysis & Opportunity Outlook 2035” delivers a detailed competitors analysis and a detailed overview of the global outdoor furniture market in terms of market segmentation by product, end users, distribution channels, and by region.

Increasing Gardening Activities to Drive Growth of Global Outdoor Furniture Market

The global outdoor furniture market is estimated to grow majorly on account of the increase in number of household garden. The addition of outdoor furniture such as chairs, sofas, and others adds charm to the public garden. According to the estimates, Americans spend more than USD 45 billion on lawn and gardening equipment each year.

Moreover, growing vegetables and fruits at home is fun as well as rewarding to the people, as better quality is produced at a lower cost. Therefore, the view of the garden are appealing to the viewers, and it is expected to boost the market growth in the upcoming years.

Moreover, the growing awareness related to eco- friendly furniture is further projected to expand the growth of the global outdoor furniture market. The eco-friendly furniture is renewable and is used for a longer period of time, as compared to other kinds of furniture. Also, top manufacturers are creating eco-friendly furniture for a wide range of artistically and high-quality furniture using MOSO bamboo, which is stronger.

In addition, there are people who wants a reasonable and sustainable furniture for their gardens and open spaces, that is expected to rise the market’s growth over the forecast period. According to estimates, the furniture contributed to more than 10 billion tons of municipal waste in the United States in 2018.

Some of the major growth factors and challenges that are associated with the growth of the global outdoor furniture market are:

Growth Drivers:

Growing Online Distribution Channel
Increasing Hospitality Industry Across the Globe
Challenges:

The rising concern related to the hospitality industry being affected by the COVID-19 pandemic and further such incidences is one of the major factors anticipated to hamper the growth of the global outdoor furniture market. The government’s imposition of restrictions for the proper closure of nations across the globe in order to stop spreading the virus from one person to another, had an impact on the supply chain of the furniture manufacturers.

By end users, the global outdoor furniture market is segmented into commercial, and residential. The residential segment is anticipated to garner a highest revenue by the end of 2035 by growing at a significant CAGR over the forecast period.

The growth of the segment can be attributed to the customers are updating their homes in accordance with the most recent fashions, which enhances the beauty of the neighbourhood. In addition, the growing number of individuals leading affluent lifestyles in distinctively designed homes, owing to which, the residential segment is anticipated to hold the biggest share of these by the end of 2035.

Additionally, it is predicted that the commercial category would also have a sizable share during the forecast period. This can be linked to the increase in hotels and eateries that offer open-air and rooftop eating options. Moreover, pubs and bars are choosing outside furniture, which is expected to fuel the market segment's expansion.

By region, the North America outdoor furniture market is to generate the highest revenue by the end of 2035. This growth is anticipated by the growing idea of opulent outdoor living spaces with modern materials, cozy seats, and chic lighting, which has gained popularity.

Other factors aiding the market's expansion include home sales, outdoor renovations, and environmental concerns. Together with customer tastes, the region's growing disposable income is also anticipated to contribute to the market's expansion. Another factor that is anticipated to contribute to the market's expansion in the North American region is the expanding outdoor gathering trend. About one in four respondents to the study indicated that they would host outdoor events in 2021 according to the recent survey.

This report also provides the existing competitive scenario of some of the key players of the global outdoor furniture market which includes company profiling of Winston Furniture Company of Alabama, LLC, Home Depot, Forever Patio, Homecrest Outdoor Living, DEDON GmbH, Century Furniture LLC, Barbeques Galore, GLOSTER FURNITURE GMBH, Agio International Company, LTD,