Outdoor Furniture - CIS

CIS

Highlights

In 2024, the revenue in the Outdoor Furniture market in CIS amounts to US$1.36bn.
It is expected that the market will experience an annual growth rate of 1.56% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue, reaching US$18bn in 2024.
In terms of per person revenues, each individual in CIS generates US$5.61 in 2024.
The outdoor furniture market in the CIS is experiencing a surge in demand due to the region's growing interest in creating stylish and comfortable outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in cis is experiencing significant growth and development due to several factors. Customer preferences for outdoor living spaces, increasing disposable incomes, and a growing tourism industry are driving the demand for outdoor furniture in the region. Additionally, local special circumstances and underlying macroeconomic factors are contributing to the market's expansion.

Customer preferences: in cis are shifting towards creating comfortable and stylish outdoor living spaces. As people spend more time at home, they are investing in their outdoor areas to create a relaxing and enjoyable environment. This includes the purchase of outdoor furniture such as patio sets, lounge chairs, and dining sets. Customers are looking for durable and weather-resistant materials that can withstand the harsh climate conditions in the region. Trends in the market show a growing demand for multifunctional outdoor furniture. Customers are looking for versatile pieces that can serve multiple purposes, such as convertible dining tables that can transform into loungers or storage benches that can double as seating. This trend is driven by the limited space available in urban areas and the desire for practical and space-saving solutions.

Local special circumstances: in cis also contribute to the development of the outdoor furniture market. The region experiences long and cold winters, which means that people eagerly embrace the warmer months and spend more time outdoors. This creates a higher demand for outdoor furniture during the summer season. Additionally, the growing tourism industry in cis has led to an increase in outdoor dining and entertainment establishments, further driving the demand for outdoor furniture.

Underlying macroeconomic factors: such as increasing disposable incomes and a growing middle class, are fueling the growth of the outdoor furniture market in cis. As people's incomes rise, they have more discretionary spending power to invest in their homes and outdoor spaces. This, coupled with a growing middle class, creates a larger consumer base for outdoor furniture manufacturers and retailers. In conclusion, the Outdoor Furniture market in cis is experiencing significant growth and development due to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The demand for comfortable and stylish outdoor living spaces, the desire for multifunctional furniture, the long and cold winters, the growing tourism industry, increasing disposable incomes, and a growing middle class are all contributing to the expansion of the market in the region.

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.