Outdoor Furniture Market to Register 5.50% CAGR During 2025-2032; Surging Residential Spending on Comfortable and Luxurious Furnishings to Aid Market Proliferation

Fortune Business Insights™ in its report titled “Outdoor Furniture Market Size, Share & Industry Analysis, By Product Type (Tables, Chairs, Dining Sets, and Others), By Material Type (Wood, Metal, Plastic, and Others), By End-User (Residential and Commercial), and Regional Forecasts, 2025-2032.” observes that the global outdoor furniture market size was valued at USD 53.27 billion in 2024. The market is projected to grow from USD 56.00 billion in 2025 to USD 81.44 billion by 2032, exhibiting a CAGR of 5.50% during the forecast period. 

Increasing urbanization, growing spending power of populace, and surging product demand from hospitality sector are the factors driving market expansion in the forthcoming years.

Vetra Launched A Luxurious Outdoor Furniture Range 

Vetra has launched a luxurious outdoor furniture range. The launch will help the company to expand its reach and increase its product line depth. The company is the leading producer outdoor furniture products. Such new product launches are expected to drive the market growth.

Suppliers Faced Difficulties in Meeting Demand Due to Lockdown Restrictions 

Companies faced difficulties in meeting their channel vendors and suppliers due to lockdown restrictions. Additionally, the closure of upholstery shops and the shortage of raw material supplies due to these restrictions severely hampered product consumption among the population globally. Moreover, people preferred to spend their time indoors to avoid getting infected by the coronavirus which led to a shift in consumer behavior toward maintaining personal hygiene and conducting luxury & leisure activities around residential places.

Surging Residential Spending on Comfortable and Luxurious Furnishings to Aid Market Proliferation

Rising consumer interest in stylish and high-quality outdoor seating and furnishings, increasing number of urban homes, and growing spending on home decoration and renovation are factors driving the market growth. Surging demand for comfortable, luxurious, and comfortable furniture for balconies, terraces, gardens and backyards have prompted manufacturers to launch premium collections thus attributing to market augmentation.

On the other hand, the high costs of raw materials such as steel and wood needed to make outdoor furniture and high cost end products will pose as challenges for industry stakeholders.

Product Launches by Market Players to Aid Market Progression

The presence of several prominent companies in the domain and entry of new players has prompted leading companies to adopt brand building strategies. Mergers and acquisitions, partnerships, collaborations, and product launches are some of the strategies adopted. For instance, in March 2023, SICIS s.r.l. launched its outdoor furniture product range in India, through Tessera India. The launch will help the company in expanding its customer base and product portfolio in India.

Notable Industry Development

• January 2022: Ashley Furniture Industries, Inc. opened a new outlet store in Georgia. The new outlet will have furniture for home, office, outdoor, dining, bedroom and others.

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https://www.fortunebusinessinsights.com/outdoor-furniture-market-106406

List of Key Companies Profiled in the Report:

• IKEA (Netherlands)
• Brown Jordan Co. (U.S.)
• Gloster Furniture (U.S.)
• Aura Global Furniture (India)
• Kettal Group (Spain)
• Woodard Furniture (U.S.)
• Royal Botania (Belgium)
• Ashley Furniture Industries, Inc. (U.S.)
• Kimball International (U.S.)
• Bernhardt Furniture Company Inc. (U.S.)

Further Report Findings

• As per product type, the tables segment dominated the market in 2024 owing to high remote work-from-home population that elevated the demand for tables across households. Moreover, tables are spacious, portable, and compact and enable users to work from common spaces with ease thus driving segment growth.
• According to material type, the wood segment captured the largest outdoor furniture market share in 2024 owing to its waterproof nature, insect repellent properties, durability, and cost effectiveness.
• Regionally, Asia Pacific held the major market share in 2024 due to the rising number of construction projects and expansion of the real estate industry. Moreover, easy availability of a wide range of upholstery items and access to various international and domestic furnishing brands online has attributed to market proliferation.

Table of Segmentation