The Outdoor Furniture Market in US is being driven by Increasing demand for patio-heating products
The Outdoor Furniture Market in US 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 1705.6 million. The outdoor furniture market in the US is witnessing a significant trend towards eco-friendly furnishings, as consumers prioritize environmental protection. In response, manufacturers are increasingly utilizing sustainable alternatives to forest wood, such as teak, rosewood, sal, deodar, and Moso bamboo. These materials offer durability, resistance to harsh weather conditions, and an enhanced aesthetic appeal. The adoption of eco-friendly practices is not only addressing environmental concerns but also mitigating the negative effects of deforestation and toxic finishes on the air. Moso bamboo, for instance, is stronger and harder than most other types of wood, including oak, making it a popular choice for outdoor furniture production. This shift towards natural materials is set to redefine the outdoor furniture landscape in the US.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
210 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 3.3% |
Market growth 2025-2029 |
USD 1705.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
3.2 |
Key countries |
US |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Outdoor Furniture Market in the US is witnessing growth due to increasing consumer spending on leisure activities, particularly in the residential sector. Tourists and hotels/restaurants are significant buyers, driving demand for multifunctional and aesthetically appealing seating sets, tables, lounge chairs, and patio heating products. The commercial sector is also expanding its portfolio with changing lifestyles and luxury trends, favoring lightweight and environmentally friendly fixtures. Financial capacity, garden appearance, and social gatherings are key factors influencing consumer preferences. Rapid urbanization and rising living standards further boost market revenues, with channel vendors catering to diverse product offerings, including garden sofas and environmentally friendly outdoor furniture.
The Outdoor Furniture Market in the US is a significant segment of the larger Home Furnishings Market, which encompasses companies involved in the manufacturing and marketing of furniture, home decor, floor coverings, and other related products. According to Technavio, the Home Furnishings Market size is determined by the consolidated revenue generated by manufacturers and marketers of consumer electronics, furnishings, decorative items, household appliances, and homeware. Factors driving growth in this market include the increasing consumer spending on leisure activities, the influx of tourists seeking attractive garden appearances, and the expansion of hotel and restaurant portfolios. Additionally, there is a growing demand for environmentally friendly and multifunctional outdoor furniture, as well as an increasing financial capacity of consumers in the residential sector. The construction of new residences and offices, coupled with renovation projects, further boosts the demand for new furniture and furnishings.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
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