Outdoor furniture market trends 2021
Pune, India, June 15, 2021 (GLOBE NEWSWIRE) –
The size of the global outdoor furniture market is expected to increase at a significant growth rate during the forecast period owing to the growing need of residential and commercial consumers to improve outdoor spaces.
One of the factors supporting the demand for outdoor furniture is the increase in disposable income of the population residing in developing economies. This allowed them to splurge on additional furniture to add to the aesthetic appeal of their homes. There are different types of furniture specially designed for outdoor spaces like garden and patio furniture and countries like Germany, Spain and Italy are among the main end users of these products.
Some of the major trends that will drive the development of this market are explained below:
Outdoor tables are meeting increased demand in Europe:
Size of the outdoor furniture market in Europe will be worth more than $ 6.47 billion by 2027. Chairs, tables, dining sets, seating sets, lounge chairs and daybeds are some of the most used outdoor furniture in Europe. However, the tables will find a significant increase in demand among customers in the area. the strong tourism sector in the region is stimulating the need for stylish furniture in the hospitality sector. Various materials like wood, glass, and metal are used to provide business customers with several choices to choose from.
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Europe sees greater use of wooden outdoor furniture:
Wooden furniture will experience increased demand from European consumers. This segment held nearly 51% of the total regional outdoor furniture market share in 2020. This part of the industry is expected to grow even more as wood is one of the most preferred materials for making furniture. It offers many advantages to finished products like high durability, greater comfort and higher resistance to any kind of damage. Wood furniture can be designed in a number of ways to increase its curb appeal in any home.
Green materials will be used for European outdoor furniture:
The growing awareness of the importance of preserving the environment when making furniture has led many companies to increasingly use environmentally friendly materials like recycled wood to make different types of furniture. outside. There are several models that can be made from green furniture. Customers can also choose from a wide range of wood finishes and colors, making recycled furniture one of the most popular among locals.
AR technologies will increase outdoor furniture trends in North America:
North America Outdoor Furniture Market will reach a valuation of nearly $ 6.73 billion by 2027. There is an increased use of advanced technologies to make comfortable and even personalized furniture for consumers in the region. Cutting-edge technologies such as augmented reality (AR) have helped designers and manufacturers immensely in finding innovative and creative ways to produce furniture.
Leading companies like IKEA and Herman Miller are effectively using AR technologies to show customers what their chosen design will look like in their homes. These aspects significantly improve the overall shopping experience for customers.
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Outdoor products made from metal raw materials in America:
The residential and commercial sectors in North America are increasingly using metal furniture because it offers the advantage of customization unlike many other materials. Metals like aluminum, stainless steel, and iron are in constant demand from customers as they are quite resistant to rust and can add beauty to garden spaces. Some metal based furniture is quite light in nature, unlike wood furniture, which makes it easier to transport from place to place.
Rising disposable income across the Asia-Pacific region is boosting furniture sales:
APAC Outdoor Furniture Market Assessment is expected to reach $ 4.51 billion by 2027. People in the Asia-Pacific region are seeing a substantial increase in their disposable income, leading them to increase their spending capacity and splurge on household items. luxury. They spend their money on expensive furniture to improve the interior and exterior of their home. Countries like India, Indonesia and Japan are seeing an increase in the number of new homeowners, leading to an increase in demand for new and creative outdoor furniture in the region.
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The residential sector is a major user of outdoor furniture in Asia-Pacific:
Among the different sectors that use outdoor furniture for different purposes, the residential sector will adopt more outdoor furniture as several countries in Asia-Pacific are experiencing rapid urbanization. The demand among owners of spaces like backyards, balconies and the like will increase the need for aesthetically pleasing furniture. As these countries are experiencing rapid development, the tourism aspect has also been positively impacted, further increasing the demand for outdoor furniture in Asia-Pacific.
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