Outdoor Furniture - Australia & Oceania

Australia & Oceania

Highlights

In 2024, the Outdoor Furniture market in Australia & Oceania generated a revenue of US$1.04bn.
Looking ahead, this market is projected to grow annually by 5.05% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation with US$18bn in 2024.
In terms of per person revenues, US$23.93 was generated in 2024.
The demand for outdoor furniture in Australia has been steadily increasing due to the country's favorable climate and outdoor lifestyle.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Australia & Oceania is experiencing steady growth due to several factors such as changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Outdoor Furniture market have shifted towards more durable and weather-resistant materials, such as aluminum and synthetic wicker, which can withstand the harsh climate conditions in the region. Customers also value comfort and functionality, with a growing demand for outdoor furniture that offers ergonomic designs and multi-purpose functionality. Additionally, there is a rising interest in eco-friendly and sustainable outdoor furniture options, as customers become more conscious of their environmental impact. Trends in the market include the increasing popularity of outdoor living spaces, as more people seek to create comfortable and stylish outdoor areas for relaxation and entertainment. This trend is driven by the region's mild climate and the desire to make the most of outdoor spaces. As a result, there is a growing demand for outdoor furniture sets that include loungers, dining tables, and seating arrangements. Another trend is the integration of technology into outdoor furniture, with features such as built-in speakers, usb charging ports, and led lighting becoming more common.

Local special circumstances: in Australia & Oceania contribute to the development of the Outdoor Furniture market. The region's outdoor-centric lifestyle, with its abundance of natural beauty and favorable climate, encourages people to spend more time outdoors. This cultural preference for outdoor living spaces drives the demand for outdoor furniture. Additionally, the tourism industry in the region plays a significant role in the Outdoor Furniture market, as hotels, resorts, and other hospitality establishments invest in outdoor furniture to enhance their guests' experience. Underlying macroeconomic factors also contribute to the growth of the Outdoor Furniture market in Australia & Oceania. Economic stability and increasing disposable incomes enable consumers to invest in outdoor furniture and upgrade their outdoor living spaces. The growth of the construction industry, particularly in residential and commercial sectors, also drives the demand for outdoor furniture as new properties are being built and existing ones are renovated. Overall, the Outdoor Furniture market in Australia & Oceania is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The region's outdoor-centric lifestyle, favorable climate, and economic stability contribute to the steady growth of the market. As customer demands continue to evolve, manufacturers and retailers in the region will need to adapt and innovate to meet the changing needs of their target audience.

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.