The Outdoor Furniture market in Canada has been experiencing significant growth in recent years.
Customer preferences: One of the main reasons for this growth is the increasing demand for outdoor living spaces among Canadian consumers. Canadians have a strong affinity for outdoor activities and spending time in nature, and as a result, there is a growing trend towards creating comfortable and stylish outdoor living spaces. This has led to a surge in the demand for outdoor furniture, as consumers are looking for high-quality and durable products that can withstand the harsh Canadian climate.
Trends in the market: In addition to the increasing demand for outdoor furniture, there are several other trends that are shaping the market in Canada. One of these trends is the growing popularity of eco-friendly and sustainable outdoor furniture. Canadian consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out products that are made from sustainable materials and produced using environmentally friendly manufacturing processes. Another trend in the market is the rise of online shopping for outdoor furniture. With the convenience and ease of online shopping, more and more consumers are opting to purchase their outdoor furniture online. This trend has been further accelerated by the COVID-19 pandemic, as consumers have turned to online shopping as a safer alternative to in-store shopping.
Local special circumstances: There are also some unique factors in the Canadian market that are influencing the development of the outdoor furniture industry. One of these factors is the long and harsh winter season in many parts of Canada. This means that outdoor furniture needs to be able to withstand extreme cold temperatures, snow, and ice. As a result, Canadian consumers are looking for outdoor furniture that is specifically designed to withstand these conditions, such as furniture made from weather-resistant materials like teak or aluminum.
Underlying macroeconomic factors: The growth of the outdoor furniture market in Canada is also supported by several underlying macroeconomic factors. One of these factors is the strong housing market in Canada, with many Canadians investing in their homes and creating outdoor living spaces. Additionally, the relatively stable economy and high disposable income levels in Canada have also contributed to the growth of the outdoor furniture market, as consumers have the means to invest in high-quality outdoor furniture. In conclusion, the Outdoor Furniture market in Canada is experiencing significant growth due to the increasing demand for outdoor living spaces, the popularity of eco-friendly and sustainable products, the rise of online shopping, the unique local circumstances, and the underlying macroeconomic factors. As Canadians continue to prioritize their outdoor spaces and seek out high-quality and durable outdoor furniture, the market is expected to continue its upward trajectory.
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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