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Outdoor Furniture - Bolivia

Bolivia
  • In Bolivia, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$14.17m.
  • It is projected that the market will experience an annual growth rate of 2.42% (CAGR 2024-2029).
  • When compared globally, United States generates the highest revenue in this segment, with a total of US$18bn in 2024.
  • In terms of per capita revenue, in Bolivia generates US$1.13 per person in 2024.
  • Bolivia's demand for outdoor furniture has surged due to the country's growing tourism industry and increasing popularity of outdoor activities.

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 Bolivia is seeing steady growth and development in recent years. Customer preferences for outdoor living spaces and the growing popularity of outdoor activities are driving the demand for outdoor furniture in the country. Additionally, local special circumstances and underlying macroeconomic factors contribute to the market's growth.

    Customer preferences:
    in Bolivia are shifting towards creating comfortable and functional outdoor living spaces. As people spend more time outdoors, they seek furniture that can withstand the weather conditions and enhance their outdoor experience. The demand for outdoor furniture that is durable, easy to maintain, and aesthetically pleasing is on the rise. Customers also prefer furniture that offers versatility and can be easily rearranged to accommodate different activities. Trends in the market indicate a growing interest in outdoor activities and gatherings in Bolivia. The country's natural beauty, with its diverse landscapes and pleasant climate, encourages people to spend time outdoors. This trend is reflected in the increasing demand for outdoor furniture, as individuals and families seek to create inviting outdoor spaces for relaxation, socializing, and entertainment. The market is witnessing a rise in the sales of outdoor dining sets, loungers, and outdoor seating options.

    Local special circumstances:
    in Bolivia, such as the country's cultural traditions and lifestyle, also contribute to the development of the outdoor furniture market. Bolivians have a strong connection to nature and often incorporate outdoor activities into their daily lives. The tradition of gathering with family and friends for outdoor barbecues and celebrations is deeply rooted in the Bolivian culture. This cultural emphasis on outdoor living spaces and socializing further drives the demand for outdoor furniture.

    Underlying macroeconomic factors:
    play a significant role in the growth of the outdoor furniture market in Bolivia. The country's improving economy, rising disposable incomes, and a growing middle class are key drivers of market expansion. As people's purchasing power increases, they are more likely to invest in outdoor furniture to enhance their quality of life and enjoy outdoor activities. Additionally, the increasing urbanization in Bolivia, with the development of residential complexes and commercial spaces, presents opportunities for the outdoor furniture market to cater to the growing demand for outdoor seating and recreational areas. In conclusion, the Outdoor Furniture market in Bolivia is experiencing growth and development due to customer preferences for outdoor living spaces, the increasing popularity of outdoor activities, local special circumstances, and underlying macroeconomic factors. As Bolivians seek to create comfortable and functional outdoor spaces, the demand for durable and aesthetically pleasing outdoor furniture continues to rise. The country's cultural traditions and lifestyle, along with its improving economy and rising disposable incomes, further contribute to the market's expansion.

    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.

    Consumer

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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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