The global patio furniture market is set to reach a valuation of USD 18.82 billion in 2023 and is expected to grow at a CAGR of 6% over the next decade, potentially hitting USD 33.7 billion by 2033.
As outdoor spaces increasingly serve as extensions of the home, the demand for patio furniture continues to rise. Items like tables, chairs, and seating solutions are designed to withstand the elements, helping bridge the gap between indoor and outdoor living spaces. This growth is being fueled by consumers seeking to create more elaborate outdoor environments, including cozy seating areas, dining spaces, and fully equipped outdoor kitchens.
The increasing availability of modular, cost-effective, and easy-to-install products has further driven market expansion. Additionally, government investments in public spaces, such as gardens and recreational areas, are also boosting the demand for outdoor furniture, supporting the overall growth of the global patio furniture market.
Patio Furniture Market – Key Trends
Rapidly urbanization has supported the infrastructural development in various regions worldwide. Space is limited in the urban setups, hence, modernization, as well as miniaturization of the infrastructural designs, has aided in the expansion of extraordinary and unique furniture, which takes up less space.
Manufacturers are launching multipurpose and easy DIY installation/assembly products such as foldable tables, convertible benches, and vertical gardens. For instance, American Fyre Designs’ offers a fire element pre-installed in the center of the patio table prepared of reclaimed wood, stone, and metal fire.
The shift in the consumer preferences for sustainable and green outdoor garden furniture in terms of material, size, and design is encouraging manufacturers to tap into these whitespaces and focus on research and development of new products.
Wood is widely preferred among consumers and producers in producing sustainable furniture and allows consumers to accomplish the benefit of utilizing environment-friendly furniture with aesthetic appeal. This is anticipated to strengthen the growth of the patio furniture market during the forecast period. As the new generations are buying products more frequently as their preferences, e-commerce is also largely contributing to the growth of patio furniture.
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Competitive Analysis
Leading players operating in the patio furniture market include
- Ashely Industries
- Inter Ikea Group
- Brown Jordan
- Agio International Company Limited
- Keter Group
- Lloyd Flanders.
Regions and Countries Analysed in this report
- North America (USA, Canada)
- Latin America (Mexico, Brazil, Rest of LATAM)
- Europe (Germany, United Kingdom., France, Italy, Spain, Poland, Russia, Rest of Europe)
- East Asia (China, Japan, South Korea)
- South Asia (India, Thailand, Malaysia, Vietnam, Indonesia)
- Oceania (Australia, New Zealand)
- Middle East & Africa (GCC Countries, Turkey, Northern Africa, South Africa)
Patio Furniture Market – Segment Analysis
Material Type:
- Wood
- Plastic
End-use:
- Commercial
- Residential
Product:
- Chairs
- Seating Sets
- Tables
- Dining Sets
- Loungers and Daybeds
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