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Outdoor Furniture - ASEAN

ASEAN
  • In ASEAN, the revenue generated in the Outdoor Furniture market is projected to reach US$944.40m in 2024.
  • It is expected that the market will experience an annual growth rate of 3.80% (CAGR 2024-2029).
  • When compared globally, United States generates the highest revenue with US$18bn in 2024.
  • In terms of per capita figures, each person in ASEAN generates revenues of US$1.37 in 2024.
  • ASEAN countries, known for their tropical climates, are witnessing a surge in demand for weather-resistant outdoor furniture.

Definition:

The Outdoor Furniture segment focuses on the types of furniture which are commonly found in the garden, patio, and/or on the terrace. These products are typically made from durable materials such as metal, wood, or plastic and are designed to withstand various weather conditions while providing comfort and style.

Additional Information:

The Outdoor Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

In-Scope

  • Bamboo seats
  • Patio chairs and tables
  • Outdoor bars

Out-Of-Scope

  • Hot tubs and saunas
  • Gardening equipment
  • Outdoor lighting
  • Camping equipment
Outdoor Furniture: market data & analysis - Cover

Market Insights report

Outdoor Furniture: market data & analysis

Study Details

    Revenue

    Notes: Data was converted from local currencies using average exchange rates of the respective year.

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Most recent update: Jul 2024

    Source: Statista Market Insights

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Outdoor Furniture market in ASEAN is experiencing significant growth and development, driven by changing customer preferences, emerging trends, and local special circumstances.

    Customer preferences:
    Customers in ASEAN countries are increasingly valuing outdoor living spaces and are seeking to create comfortable and stylish outdoor environments. With a growing middle class and rising disposable incomes, consumers are willing to invest in high-quality outdoor furniture that enhances their outdoor experiences. Additionally, there is a growing awareness of the health benefits of spending time outdoors, which has led to an increased demand for outdoor furniture that promotes relaxation and wellness.

    Trends in the market:
    One of the key trends in the Outdoor Furniture market in ASEAN is the shift towards eco-friendly and sustainable products. Customers are becoming more conscious of the environmental impact of their purchasing decisions and are seeking furniture made from recycled or renewable materials. This trend is driven by a combination of consumer demand and government initiatives promoting sustainable practices. Another trend in the market is the increasing popularity of multifunctional outdoor furniture. Customers are looking for furniture that can serve multiple purposes and adapt to different outdoor activities, such as dining, lounging, and entertaining. This trend is driven by the limited space available in urban areas and the desire for flexible and versatile outdoor living spaces.

    Local special circumstances:
    The diverse climate and geography of ASEAN countries also play a significant role in shaping the Outdoor Furniture market. With a mix of tropical and subtropical climates, customers in ASEAN countries require furniture that can withstand high humidity, heavy rain, and intense sunlight. This has led to a demand for outdoor furniture that is durable, weather-resistant, and easy to maintain. Furthermore, the cultural preferences and lifestyle habits of the local population influence the design and style of outdoor furniture in ASEAN. Traditional craftsmanship and natural materials are highly valued, and customers often prefer furniture that reflects the local culture and heritage.

    Underlying macroeconomic factors:
    The Outdoor Furniture market in ASEAN is also influenced by underlying macroeconomic factors. Economic growth, urbanization, and population growth are driving the demand for outdoor furniture, particularly in emerging markets such as Indonesia, Thailand, and Vietnam. Additionally, the increasing popularity of tourism in the region has created opportunities for the hospitality sector, which drives the demand for outdoor furniture in hotels, resorts, and restaurants. In conclusion, the Outdoor Furniture market in ASEAN is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As customers in ASEAN countries seek to create comfortable and stylish outdoor living spaces, the demand for high-quality, eco-friendly, and multifunctional outdoor furniture is on the rise. The diverse climate and geography of the region, along with cultural preferences and lifestyle habits, further shape the market. Economic growth, urbanization, and the growing tourism sector also contribute to the market's growth.

    Methodology

    Data coverage:

    Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

    Modeling approach / Market size:

    Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

    Forecasts:

    In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

    Additional Notes:

    The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

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    Outdoor Furniture: market data & analysis - BackgroundOutdoor Furniture: market data & analysis - Cover

    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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