The Outdoor Furniture market in Benelux has been experiencing significant growth in recent years, driven by changing customer preferences and favorable market conditions.
Customer preferences: Customers in Benelux have shown a growing interest in outdoor living and leisure activities. With an increasing focus on health and wellness, people are seeking ways to spend more time outdoors and create comfortable and inviting outdoor spaces. This has led to a rising demand for outdoor furniture that is both stylish and durable, allowing people to relax and entertain in their gardens, patios, and balconies.
Trends in the market: One of the key trends in the Outdoor Furniture market in Benelux is the shift towards sustainable and eco-friendly products. Consumers are becoming more conscious of the environmental impact of their choices and are actively seeking furniture made from recycled materials or sustainably sourced wood. This trend is also influenced by government initiatives promoting sustainability and circular economy practices. Another trend in the market is the increasing popularity of multifunctional outdoor furniture. With limited outdoor spaces in urban areas, customers are looking for furniture that can serve multiple purposes, such as storage benches, convertible tables, and modular seating. This allows them to optimize their outdoor space and make the most of their investment.
Local special circumstances: The unique geography and climate of Benelux countries also play a role in shaping the Outdoor Furniture market. The region experiences a wide range of weather conditions throughout the year, including cold winters and hot summers. As a result, customers are looking for furniture that can withstand these varying conditions and require minimal maintenance. Weather-resistant materials, such as teak, aluminum, and synthetic wicker, are particularly popular in the market. Furthermore, the high population density in urban areas of Benelux countries has led to a growing demand for space-saving outdoor furniture. Compact and foldable designs are sought after by customers who have limited outdoor space but still want to enjoy outdoor living.
Underlying macroeconomic factors: The strong economy and high disposable income levels in Benelux countries have contributed to the growth of the Outdoor Furniture market. With increasing purchasing power, customers are more willing to invest in high-quality outdoor furniture that will last for years. The rise of e-commerce has also made it easier for customers to access a wide range of outdoor furniture options, including international brands. In conclusion, the Outdoor Furniture market in Benelux is experiencing growth due to changing customer preferences, including a focus on outdoor living and sustainability. The market is also influenced by local special circumstances, such as the climate and urban population density. Overall, the favorable macroeconomic factors in Benelux countries have created a conducive environment for the development of the Outdoor Furniture market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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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