The Outdoor Garden Furniture Market was worth $2 billion in 2020 and is predicted to rise at a 7.6% CAGR to $4 billion by 2031. The market is estimated to provide an incremental potential of US$ 148 Mn throughout the evaluation period of 2021-2031.
With a current value of $782 million, North America is expected to account for the majority of the global market. Outdoor garden furniture sales account for 2% of the global furniture market’s total value.
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Competitive Landscape:
A great number of enterprises at all levels are drawn to the fragmented market for outdoor garden furniture. The rising number of participants raises market competitiveness, motivating prominent players to undertake various strategies in order to improve their position. Among the noteworthy advancements in the worldwide outdoor garden furniture business are:
Trex pioneered composite decking three decades ago and has remained the industry leader ever since. The company won the Golden Hammer Award in 2021 for their innovative solution that reduces deck installation time and increases efficiency.
Steelcase announced the release of around 40 products on March 10, 2021, in response to evolving client preferences in the aftermath of the outbreak.
Key Players:
- Herman Miller, Inc.
- Inter IKEA Systems B.V.
- Trex Company, Inc.
- Steelcase, Inc.
- Kimball International, Inc.
- Keter Plastic Ltd.
- Brown Jordan International, Inc.
- Barbeques Galore (Aust) Pty Limited
- Century Furniture LLC
- Flanders Industries, Inc.
- Agio International Co. Ltd.
- DEDON GmbH
- Tucci, Inc.
- EMU Group SpA
- Royal Botania Nv
- Homecrest Outdoor Living
- Hartmann Outdoor Products BV
- Kettal Group
- Sitra Holdings (International) Ltd.
- Treasure Garden Inc.
- Fischer Mobel GmbH
- Winston Furniture Company, Inc.
- Golster Furniture Limited
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Regional Analysis:
In North America, the United States has the highest value share contribution to overall market revenue. This is owing to customers’ proclivity to invest in garden furniture to improve their outside living environment.
The United States today has a market share of 84.9% in the North American outdoor furniture business, which is estimated to increase at a CAGR of 7% during the forecast period.
In China, demand for outdoor garden furniture has increased due to reasons such as rising per capita consumption and consumer willingness to spend on residential and commercial infrastructure renovations. Due to rising urbanisation and a scarcity of residential infrastructure in metropolitan areas, consumers are looking for multi-purpose furniture that can fit in small dwelling spaces.
Key Segments of Industry:
- By Product Type
- Outdoor Garden Tables
- Coffee Tables
- Side Tables
- Bistro Tables
- Picnic Tales
- Outdoor Garden Chairs
- Foldable
- Conventional
- Patio Swings
- Hammocks
- Porch Swings
- Outdoor Garden Dining Sets
- Outdoor Garden Seating Sets
- Outdoor Garden Furniture Accessories
- Furniture Covers
- Umbrellas
- Gazebos
- Others
- Outdoor Garden Tables
- By Material
- Plastic Outdoor Garden Furniture
- Metal Outdoor Garden Furniture
- Wooden Outdoor Garden Furniture
- Others
- By Sales Channel
- Independent Furniture Stores
- Franchised Furniture Stores
- Modern Trade
- Furniture Retail Chains
- Brand Outlets
- e-Commerce
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