In this blog post, we will delve into the latest statistics and trends in the US outdoor furniture industry. As more people seek to enhance their outdoor living spaces, understanding the dynamics of this industry is crucial for manufacturers, retailers, and consumers alike. Join us as we explore key insights and data points that shed light on the ever-evolving landscape of outdoor furniture in the United States.
The Latest Us Outdoor Furniture Industry Statistics Explained
The U.S. outdoor furniture market size was valued at USD 16.8 billion in 2020.
The statistic stating that the U.S. outdoor furniture market size was valued at USD 16.8 billion in 2020 indicates the total amount of revenue generated by sales of outdoor furniture products within the United States during that particular year. This figure represents the overall market value of outdoor furniture and reflects the economic significance of this industry within the U.S. economy. The market size value provides insights into the scale and scope of outdoor furniture consumption and demand, which can be used by stakeholders such as manufacturers, retailers, and investors to make informed decisions about investment, production, and marketing strategies within the outdoor furniture sector.
The growth in demand for outdoor furniture in the U.S. is projected to increase at a compound annual growth rate (CAGR) of 3.9% from 2021 to 2028.
The statistic indicates that the demand for outdoor furniture in the U.S. is expected to experience a steady increase over the period from 2021 to 2028, with a compound annual growth rate (CAGR) of 3.9%. This means that on average, the demand for outdoor furniture is forecasted to grow by 3.9% each year during this timeframe. The projection suggests a positive trend in consumer preferences towards outdoor furniture, likely driven by factors such as increased spending on home improvement, lifestyle changes, and a growing interest in outdoor living spaces. Businesses operating in the outdoor furniture industry can use this statistic to anticipate and prepare for future demand, adjust their production and marketing strategies accordingly, and potentially capitalize on the expected growth in the market.
The residential end-use segment accounted for the largest market share of 67.9% in 2020 in the U.S. outdoor furniture industry.
This statistic indicates that within the U.S. outdoor furniture industry in 2020, the residential end-use segment, which includes households purchasing outdoor furniture for their homes, held the largest market share at 67.9%. This suggests that a significant majority of outdoor furniture purchases in the U.S. were made by residential consumers for personal use in their homes. This data is crucial for stakeholders in the outdoor furniture industry, as it highlights the importance of catering to the needs and preferences of residential customers in order to capture the largest share of the market. Understanding this trend can help businesses strategically plan their product offerings and marketing strategies to effectively target and attract residential consumers.
Wood was the most popular outdoor furniture material, holding a market share of 41.6% in 2020.
The statistic indicates that among all outdoor furniture materials in 2020, wood was the most preferred choice among consumers, with a market share of 41.6%. This means that nearly half of all outdoor furniture purchased during that year was made from wood. The popularity of wood as an outdoor furniture material may be attributed to various factors such as its aesthetic appeal, durability, and eco-friendliness. The high market share of wood suggests that it is a dominant choice in the outdoor furniture industry, potentially influencing purchasing decisions and trends within the market.
The market for patio heating products in the U.S. is set to grow by 7.6% from 2021 to 2028.
This statistic indicates that the market for patio heating products in the United States is expected to experience a growth rate of 7.6% between the years 2021 and 2028. This growth rate suggests that there is increasing demand for patio heating products during this period, likely driven by factors such as changing consumer preferences, outdoor living trends, and potentially a shift towards creating more comfortable outdoor spaces. The projected growth rate of 7.6% provides valuable insights for businesses operating in the patio heating products industry, indicating potential opportunities for expansion, investment, and strategic planning to capitalize on the growing market demand.
The American Home Furnishings Alliance reported that 90% of the U.S. adult population enjoys outdoor living spaces.
The statistic provided by The American Home Furnishings Alliance indicates that a vast majority, specifically 90%, of the adult population in the United States enjoys outdoor living spaces. This suggests that outdoor living spaces hold significant appeal and importance to a large portion of the population. The high percentage implies a widespread preference for spending time outdoors and utilizing outdoor areas as extensions of living spaces. This statistic could potentially have implications for industries related to outdoor furnishings and design, as well as for urban planning and recreational initiatives aimed at enhancing outdoor living experiences for residents. Overall, the statistic highlights the popularity and value placed on outdoor living spaces among the U.S. adult population.
The proportion of U.S. consumers who purchased outdoor furniture online increased to 17% in 2018, up from 10% in 2012.
The statistic indicates that there has been a notable increase in the proportion of U.S. consumers making online purchases of outdoor furniture over a six-year period. Specifically, the proportion has grown from 10% in 2012 to 17% in 2018, representing a significant relative increase of 70%. This shift suggests an increasing trend towards online shopping for outdoor furniture among consumers in the U.S., likely driven by factors such as convenience, wider product selection, competitive pricing, and the prevalence of online retailers. This data highlights the evolving consumer behavior in the retail sector and underscores the importance for businesses in the outdoor furniture industry to have a strong online presence to capitalize on this growing market segment.
The U.S. market for outdoor furniture and grills is valued at $9.6 billion.
The statistic stating that the U.S. market for outdoor furniture and grills is valued at $9.6 billion indicates the total monetary worth of the industry within the United States. This figure represents the combined value of sales for outdoor furniture and grills across various retailers and manufacturers in the market. The high valuation highlights the significant demand for outdoor furniture and grills among consumers in the U.S., reflecting trends such as increased interest in outdoor living spaces, home improvement projects, and outdoor entertaining. This statistic provides insight into the scale and economic importance of the outdoor furniture and grills industry in the U.S. for businesses, policymakers, and consumers alike.
Retail sales of outdoor furniture in the U.S. are forecasted to reach $7.62 billion by 2025.
The statistic indicates that the retail sales of outdoor furniture in the United States are predicted to increase to $7.62 billion by the year 2025. This forecast suggests a notable growth trend in the outdoor furniture market, reflecting potential shifts in consumer preferences towards outdoor living spaces and increased spending on outdoor decor. Factors contributing to this projection may include rising disposable incomes, changing lifestyles that prioritize outdoor leisure activities, and potentially a growing interest in home improvement projects. Such statistics can be valuable for retailers, manufacturers, and investors in the outdoor furniture industry to anticipate market trends, allocate resources efficiently, and capitalize on the projected growth opportunity.
Metal outdoor furniture garnered $5.33 billion in sales in the U.S. in 2019.
The statistic “Metal outdoor furniture garnered $5.33 billion in sales in the U.S. in 2019” indicates the total revenue generated from the sales of metal outdoor furniture within the United States over the course of the year 2019. This figure represents the total market value of metal outdoor furniture purchased by consumers, retailers, and businesses in the country during that time period. The statistic demonstrates the significant economic impact of the metal outdoor furniture industry, reflecting a substantial consumer demand for such products in the U.S. market during the specified year.
The popularity of eco-friendly furniture is expected to drive a 4.8% CAGR in the U.S. outdoor furniture market from 2021 to 2026.
The statistic stating that the popularity of eco-friendly furniture is expected to drive a 4.8% Compound Annual Growth Rate (CAGR) in the U.S. outdoor furniture market from 2021 to 2026 suggests that there is a growing consumer demand for environmentally sustainable products in the outdoor furniture industry. This projected CAGR indicates the anticipated annual growth rate over the specified time period, highlighting the potential for substantial expansion within the market driven by the increasing preference for eco-friendly options. As sustainability becomes a more significant factor in consumer purchasing decisions, manufacturers and retailers in the outdoor furniture sector are likely to capitalize on this trend by offering a broader range of environmentally friendly products to meet the evolving demands of customers.
The Southern U.S. holds the largest share of the outdoor furniture market, with 38% of total sales.
This statistic reveals that the Southern U.S. region dominates the outdoor furniture market by holding a significant share of 38% of total sales. This suggests that consumers in the Southern U.S. have a strong preference for outdoor furniture, potentially due to the region’s favorable climate and emphasis on outdoor living spaces. As a result, companies operating in the outdoor furniture industry may benefit from focusing their marketing and distribution efforts in the Southern U.S. to capitalize on this market segment’s high demand for outdoor furniture products.Understanding this market trend can help businesses strategize and allocate resources effectively to maximize their sales potential in the Southern U.S. outdoor furniture market.
Fire pits and heaters were the fastest-growing category in U.S. outdoor furniture in 2019, with sales rising by 17.4%.
The statistic indicates that in 2019, fire pits and heaters were the category within the U.S. outdoor furniture market that experienced the highest growth rate, with sales increasing by 17.4%. This surge in sales suggests a significant and growing demand for fire pits and heaters among consumers for their outdoor spaces. The increase in sales could be attributed to various factors such as the rising popularity of outdoor living spaces, changing consumer preferences towards outdoor leisure and entertainment, or even weather patterns that may have encouraged more people to invest in such products. The growth in sales signifies a thriving market for fire pits and heaters and underscores the importance of these products in the outdoor furniture industry.
65% of U.S. consumers plan to purchase new patio furniture within the next two years.
The statistic that 65% of U.S. consumers plan to purchase new patio furniture within the next two years indicates a strong intention among a significant portion of the population to invest in outdoor furniture. This statistic suggests a potential increase in demand for patio furniture in the near future, which could have implications for manufacturers, retailers, and marketers in the outdoor furniture industry. Understanding consumer preferences and trends in this market segment will be crucial for businesses looking to capitalize on this anticipated surge in purchasing behavior. Additionally, targeting this consumer segment with relevant marketing strategies and product offerings could help businesses attract and retain customers seeking to upgrade their outdoor living spaces.
The U.S. outdoor furniture manufacturing industry consists of 731 businesses.
The statistic “The U.S. outdoor furniture manufacturing industry consists of 731 businesses” indicates that there are a total of 731 companies involved in the production of outdoor furniture in the United States. This information provides insight into the size and competitive landscape of the industry, suggesting that it is a significant sector with a considerable number of players. The presence of 731 businesses implies a certain level of market fragmentation, with a diverse range of companies contributing to the production and supply of outdoor furniture products across the country. This statistic could be used by stakeholders to assess the level of competition, market saturation, and opportunities within the outdoor furniture manufacturing industry in the United States.
The U.S. outdoor furniture manufacturing industry employs around 11,136 people.
This statistic indicates that the outdoor furniture manufacturing industry in the United States provides employment to approximately 11,136 individuals. This figure represents the number of workers directly involved in the production, distribution, and sales of outdoor furniture products within the industry. The employment opportunities within this sector contribute to job creation and economic growth, supporting livelihoods and contributing to the overall workforce in the country. Additionally, it highlights the significance of the outdoor furniture manufacturing industry as a key player in the labor market, providing valuable employment opportunities for a substantial number of individuals across different roles and responsibilities related to the production of outdoor furniture products.
The U.S. outdoor furniture industry’s revenue for 2021 is expected to be $3 billion.
The statistic indicates that the U.S. outdoor furniture industry is projected to generate $3 billion in revenue for the year 2021. This figure serves as an estimate of the total sales and income expected to be generated by companies within this industry. The revenue forecast suggests a significant economic value associated with outdoor furniture in the U.S., reflecting consumer demand for products ranging from outdoor seating to tables, umbrellas, and décor. Such statistics are important for stakeholders within the industry, including manufacturers, retailers, and investors, as they provide insights into market trends, performance expectations, and opportunities for growth and development.
The pandemic led to a 19.5% growth in the U.S. outdoor furniture industry in 2020.
The statistic implies that the pandemic had a significant positive impact on the U.S. outdoor furniture industry in 2020, resulting in a substantial growth of 19.5%. This growth likely stemmed from changes in consumer behavior due to lockdowns and social distancing measures, leading to increased demand for outdoor furniture as people spent more time at home and sought to create comfortable outdoor living spaces. The surge in growth suggests that the industry was able to adapt and capitalize on new market opportunities arising from the pandemic, highlighting the resilience and adaptability of businesses within the outdoor furniture sector during challenging times.
The Pools and Water Entertainment segment is predicted to drive a U.S. market growth of 3.8% in 2026.
The statistic suggests that the Pools and Water Entertainment segment is expected to be a key driver of growth in the U.S. market, with a projected increase of 3.8% in 2026. This indicates that there is anticipated growth and demand within this particular industry, possibly due to factors such as an increasing emphasis on leisure activities, lifestyle changes, or investments in infrastructure. The growth rate of 3.8% implies a healthy expansion, and it highlights the significance of the Pools and Water Entertainment sector within the broader market landscape. This prediction can be valuable for businesses operating in or planning to enter this segment, as it signals potential opportunities for growth and development in the coming year.
In 2019, the U.S. imported $3.34 billion worth of outdoor furniture, up from $3.21 billion in 2018.
The statistic indicates that in 2019, the United States imported outdoor furniture worth $3.34 billion, showing a $0.13 billion increase from the previous year where imports were valued at $3.21 billion in 2018. This data suggests a modest upward trend in the importation of outdoor furniture during this period. The increase in the import value could be attributed to various factors such as consumer demand, economic conditions, trade agreements, and other market influences. This statistic highlights the significant market size and demand for outdoor furniture in the U.S., portraying a potential growth opportunity for businesses operating in this sector.
Conclusion
The statistics presented here shed light on the current landscape of the US outdoor furniture industry. With steady growth and high demand for outdoor furniture, the industry appears to be thriving. As consumers increasingly prioritize outdoor living spaces, manufacturers and retailers have a great opportunity to capitalize on this trend. By staying informed and leveraging key insights from these statistics, businesses in the outdoor furniture industry can make informed decisions to drive their success in the market.
References
0. – https://www.www.hbsdealer.com
1. – https://www.www.statista.com
2. – https://www.www.grandviewresearch.com
3. – https://www.www.globenewswire.com
4. – https://www.www.ibisworld.com
5. – https://www.www.mordorintelligence.com
6. – https://www.www.furnituretoday.com
