Outdoor Garden Furniture Market Exhibits Higher Growth Prospects during 2017-2026
The purpose of this rich study presented by FactMR is to elaborate the various market projections impacting the global outdoor garden furniture market during the period until 2026. This assessment delivers high-end statistics concerning market size, Y-o-Y growth in trends and revenue share (US& Mn) linked to different geographies and segmentation types. Readers can acquire precise insights about growth trends along with opportunities that are expected to reshape the overall structure of the outdoor garden furniture market during the forecast period.
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Outdoor garden furniture manufacturers are focusing on offering attractive designs, functionality, advanced features to fulfill the need of consumer for comfort and convenience. Moreover, the demand for eco-friendly outdoor furniture is also rising. Hence, manufacturers are adopting more eco-friendly production methods, materials for developing outdoor furniture that can be used in garden. Along with this, the demand for outdoor furniture with multifunctional features is also increasing. For instance, ottomans that serve as both side tables and seats are gaining traction in the market.
According to the latest study by FactMR, the global market for outdoor garden furniture is expected to experience strong growth in terms of value. While the market in terms of volume is projected to register 5.7% CAGR between 2017 and 2026. The global market for outdoor garden furniture is also projected to bring in US$ 7,898.9 million revenue by 2026 end.
In terms of value, seating sets are likely to emerge as the top-selling outdoor garden furniture product. By 2026 end, seating sets are projected to reach nearly US$ 3,700 million revenue. Meanwhile, in terms of volume, chairs are likely to account for the highest growth. Increasing number of people prefer the same type of comfort as offered by indoor furniture in their outdoor garden setting. Hence, the demand for seating sets is increasing in the outdoor garden furniture. Wood is likely to emerge as one of the highly preferred materials in the production of outdoor furniture. Towards 2026 end, wood as the material for outdoor garden furniture is projected to reach close to US$ 3,000 million revenue. Wood is one of the popular material choices in outdoor garden furniture as it is eco-friendly material, it is strong, and also has aesthetic appeal.
Outdoor garden furniture is likely to find the largest application in leisure and decoration. Outdoor garden furniture for leisure and decoration is projected to exceed US$ 3,400 million revenue by 2026 end. The outdoor garden area is usually set aside for recreation. Hence, to make it more comfortable and offer a relaxing environment, people are adding a piece of furniture that provides utmost comfort along with unique designs.
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Outdoor garden furniture are likely to witness the highest sales through an independent furniture store. By 2026 end, in terms of volume, more than 5,000 thousand units of outdoor garden furniture are projected to be sold through an independent furniture store. Independent furniture stores offer a variety of outdoor furniture at various price and also provide offers and discounts. Hence, the sales of outdoor furniture through an independent furniture store is the highest.