Outdoor Furniture Market Trends

Growth Drivers

• Growing Hospitality Industry– The outdoor furniture trend is generally observed at seaside areas, scenic beauty places, and others, followed by the rising number of resorts, and hotels across the globe. For instance, as of 2023, there were more than 180,000 hotels and motels businesses in the United States, accounting to an increase of more than 9 percent from the year 2022.

• Surge in the Number of Household Garden– Charm is added to the public garden through the adding of outdoor furniture such as chairs, sofas, and others. As per the reported data, more than 30 percent of the United States households grow fruits, vegetables, and other food in the year 2022. Therefore, it means that they have spaces to do gardening, that is predicted to boost the growth of the global outdoor furniture market. Furthermore, Americans spend more than USD 45 billion each year on lawn and gardening equipment.

• Rising Open Air Sports Area– A range of activities are performed in the air sports area, such as air racing, hang gliding, skydiving, and others. These areas needed a space to sit and view these sports, and it is expected to surge the growth of the market over the forecast period. According to the estimates, the share of the population with an age of age six or more that is interested in outdoor sports accounting to more than 50 percent in the year 2021.

• Surging Popularity of Eco-friendly Furniture– Top manufacturers are crafting eco-friendly furniture for a wide range of artistically and high-quality furniture using MOSO bamboo, which is stronger and harder than oak, further, it is believed to drive the growth of the global outdoor furniture market.   The estimates stated that the furniture leaded to more than 10 billion tons of municipal waste in the United States in the year 2018.

• Development in the Online Distribution Channel– Rapid digitalization, and increasing use of mobile devices for online purchases are anticipated to increase the growth of the global outdoor furniture market in the upcoming years. In the year 2021, the number of mobile devices that were operating across the globe accounted to more than 14 billion.

Challenges

• Hospitality Industry Affected by the Pandemic - The hospitality industry was severely affected by the COVID-19 pandemic, followed by the restrictions imposed by the government related to the complete lockdown. In addition, the supply chain of the outdoor furniture was also reduced owing to the close down of factories, that further affected the growth of the market
• Changing Fashion Trends in Outdoor Furniture
• High Cost of the Raw Material