GITNUX MARKETDATA REPORT 2024

Outdoor Furniture Industry Statistics

The outdoor furniture industry is experiencing steady growth with increasing demand driven by more people spending time at home and investing in outdoor living spaces.

With sources from: grandviewresearch.com, marketsandmarkets.com, fortunebusinessinsights.com, statista.com and many more

Statistic 1

In 2020, over 40% of consumers bought outdoor furniture for creating outdoor living spaces due to COVID-19 lockdowns.

Statistic 2

Smart furniture integrated with tech features is emerging as a new trend in the outdoor furniture industry.

Statistic 3

Aluminum is gaining popularity in outdoor furniture due to its lightweight and rust-resistant properties.

Statistic 4

Online reviews and ratings heavily influence the purchase decisions for over 50% of outdoor furniture buyers.

Statistic 5

The global outdoor furniture export market value reached approximately $13 billion in 2019.

Statistic 6

The U.S. outdoor furniture market was valued at approximately $8 billion in 2020.

Statistic 7

Luxury outdoor furniture segment is anticipated to grow rapidly, with more consumers investing in premium products.

Statistic 8

Seventy-five percent of manufacturers have increased their focus on sustainable and eco-friendly materials.

Statistic 9

The outdoor furniture market is expected to grow at a CAGR of 5.5% from 2021 to 2028.

Statistic 10

The outdoor dining furniture segment is projected to grow at a CAGR of 5.5% from 2021 to 2028.

Statistic 11

The Asia-Pacific outdoor furniture market is projected to grow at the highest CAGR of 6.8% during the forecast period 2021-2028.

Statistic 12

Patio heaters and fire pits segment is forecasted to see a growth rate of 7% over the next five years.

Statistic 13

E-commerce sales of outdoor furniture increased by 20% in 2020 due to the COVID-19 pandemic.

Statistic 14

Seventy percent of consumers consider durability as the most important factor when purchasing outdoor furniture.

Statistic 15

The Middle East and Africa outdoor furniture market is expected to grow significantly owing to the increasing hospitality sector.

Statistic 16

Metal outdoor furniture is expected to witness substantial growth, with a CAGR of 6.2% from 2021 to 2028.

Statistic 17

North America accounted for the largest share of more than 25% in the global outdoor furniture market in 2020.

Statistic 18

The global outdoor furniture market size was valued at approximately $16.8 billion in 2020.

Statistic 19

Sunbrella fabric is mentioned as one of the most popular materials for outdoor furniture.

Statistic 20

The residential segment dominated the market and accounted for a revenue share of over 60% in 2020.

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In this post, we will explore key statistics and trends shaping the outdoor furniture industry. From the impact of COVID-19 on consumer behavior to the rise of smart furniture and sustainability initiatives, these insights provide a comprehensive overview of the market landscape. Read on to discover the latest developments driving the growth and transformation of the outdoor furniture sector.

Statistic 1

"In 2020, over 40% of consumers bought outdoor furniture for creating outdoor living spaces due to COVID-19 lockdowns."

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Statistic 2

"Smart furniture integrated with tech features is emerging as a new trend in the outdoor furniture industry."

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Statistic 3

"Aluminum is gaining popularity in outdoor furniture due to its lightweight and rust-resistant properties."

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Statistic 4

"Online reviews and ratings heavily influence the purchase decisions for over 50% of outdoor furniture buyers."

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Statistic 5

"The global outdoor furniture export market value reached approximately $13 billion in 2019."

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Statistic 6

"The U.S. outdoor furniture market was valued at approximately $8 billion in 2020."

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Statistic 7

"Luxury outdoor furniture segment is anticipated to grow rapidly, with more consumers investing in premium products."

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Statistic 8

"Seventy-five percent of manufacturers have increased their focus on sustainable and eco-friendly materials."

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Statistic 9

"The outdoor furniture market is expected to grow at a CAGR of 5.5% from 2021 to 2028."

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Statistic 10

"The outdoor dining furniture segment is projected to grow at a CAGR of 5.5% from 2021 to 2028."

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Statistic 11

"The Asia-Pacific outdoor furniture market is projected to grow at the highest CAGR of 6.8% during the forecast period 2021-2028."

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Statistic 12

"Patio heaters and fire pits segment is forecasted to see a growth rate of 7% over the next five years."

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Statistic 13

"E-commerce sales of outdoor furniture increased by 20% in 2020 due to the COVID-19 pandemic."

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Statistic 14

"Seventy percent of consumers consider durability as the most important factor when purchasing outdoor furniture."

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Statistic 15

"The Middle East and Africa outdoor furniture market is expected to grow significantly owing to the increasing hospitality sector."

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Statistic 16

"Metal outdoor furniture is expected to witness substantial growth, with a CAGR of 6.2% from 2021 to 2028."

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Statistic 17

"North America accounted for the largest share of more than 25% in the global outdoor furniture market in 2020."

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Statistic 18

"The global outdoor furniture market size was valued at approximately $16.8 billion in 2020."

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Statistic 19

"Sunbrella fabric is mentioned as one of the most popular materials for outdoor furniture."

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Statistic 20

"The residential segment dominated the market and accounted for a revenue share of over 60% in 2020."

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Interpretation

The outdoor furniture industry is experiencing dynamic shifts driven by changing consumer behaviors, technological advancements, and market trends. The COVID-19 pandemic significantly impacted the market, with a surge in demand for outdoor furniture to create inviting outdoor living spaces. Manufacturers are adapting to this demand by incorporating smart features and focusing on lightweight, rust-resistant materials like aluminum. Online reviews play a crucial role in consumer purchase decisions, while sustainability is becoming a key focus for industry players. The market is expected to witness steady growth, particularly in segments such as luxury products, eco-friendly materials, and the Asia-Pacific region. With evolving preferences and market dynamics, the outdoor furniture industry is poised for continuous innovation and expansion in the coming years.

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