Latest News- Street Furniture Market: Offline is expected to lead the Distribution Channel segment during 2025-2029

The Street Furniture Market is being driven by Replacement of wooden furniture with composite wooden furniture

The Street Furniture Market is expected to grow at a CAGR of 3.3% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 1190.9 million. The global street furniture market is witnessing a significant trend towards the use of eco-friendly materials in response to growing environmental concerns. Traditional forest woods such as teak, rosewood, sal, and deodar are being replaced with sustainable alternatives. Moso bamboo, for instance, is a popular choice due to its durability and strength, surpassing that of oak. This shift towards natural materials is driven by the negative impacts of deforestation, toxic finishes, and the desire for sustainable solutions. Companies are capitalizing on this trend by offering aesthetically pleasing street furniture constructed from eco-friendly materials, ensuring both environmental protection and long-lasting durability. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Distribution Channel
  • Offline
  • Online
• Type
  • Metal furniture
  • Wood furniture
  • Plastic furniture
• End-user
  • Residential
  • Commercial
• Product
  • Seating sets
  • Chairs
  • Dining sets
  • Loungers
  • Others
• Geography
  • North America
    • Canada
    • US
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Europe
    • Germany
    • UK
    • France
  • South America
    • Brazil
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Replacement of wooden furniture with composite wooden furniture
• Increasing availability of multifunctional outdoor furniture
• Growing investments in public parks and spaces

However, the market also witnesses some limitations, which are as follows:

• Volatility in raw material prices needed for manufacturing of street furniture
• Long replacement cycle for street furniture
• Environmental concerns due to deforestation

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Market Scope in Street Furniture Market Research Report

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Research Analysis Overview

The Street Furniture Market prioritizes human well-being by offering functional bamboo furniture with environmental equilibrium in mind. Consumer preference for eco-friendly products is on the rise, especially in the real estate industry for open spaces, residential sectors, and commercial areas. Urbanization and the growing urban population necessitate unique, energy-efficient designs for traffic seating arrangements, trash bins, signage, and signals. Smart street furniture ensures safety and aesthetics, while infrastructure projects establish identity in public spaces. Metal and aluminum furniture equipment, including traffic lights and energy-efficient designs, cater to the needs of pedestrians and contribute to the unique character of tourist destinations like hill stations, resorts, and monumental places. The market's focus on safety, functionality, and eco-friendliness aligns with the needs of the tourism industry, including hotels and monuments, and the increasing disposable income of consumers.

Market Research Overview

The Street Furniture Market, a segment of the larger home furnishings industry, encompasses businesses involved in the manufacturing and marketing of outdoor furniture and decorative items. According to Technavio, the global home furnishings market size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, furnishings, decorative products, household appliances, and other homeware products. Factors fueling market expansion include the growing emphasis on infrastructure development and the construction of new residential and commercial structures in key regions such as the US, China, and India. Furthermore, the increasing number of renovation projects and the rising demand for eco-friendly, user-centric, and community-focused street furniture are significant trends shaping the market. Brands that prioritize environmental impact through the use of green building materials, design innovation, and circular economy principles will bolster their reputation and capitalize on investment opportunities. Urban regeneration projects also present lucrative prospects for market growth.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/