The Outdoor Furniture market in Eastern Europe is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: in Eastern Europe are shifting towards outdoor living spaces, as people are increasingly seeking ways to enjoy the outdoors in their own homes. This has led to a growing demand for outdoor furniture, such as patio sets, lounge chairs, and dining sets. Customers are looking for durable and weather-resistant furniture that can withstand the harsh Eastern European climate. Additionally, there is a growing interest in eco-friendly and sustainable outdoor furniture options, as customers become more conscious of their environmental impact. One of the trends in the market is the rise of multifunctional outdoor furniture. Customers are looking for furniture that can serve multiple purposes, such as modular seating that can be rearranged to fit different outdoor spaces, or dining tables that can be converted into loungers. This trend is driven by the desire for flexibility and versatility in outdoor furniture. Another trend in the market is the increasing popularity of outdoor kitchens and dining areas. Eastern Europeans are embracing the culture of outdoor dining and entertaining, and are investing in outdoor kitchens and dining sets to create a seamless flow between indoor and outdoor spaces. This trend is driven by the desire to maximize the use of outdoor spaces and create a welcoming and comfortable environment for guests.
Local special circumstances: in Eastern Europe, such as the long and cold winters, also contribute to the growth of the outdoor furniture market. As the weather becomes warmer and more favorable for outdoor activities, people are eager to spend time in their gardens or on their balconies. This creates a demand for outdoor furniture that can withstand the changing seasons and provide comfort and functionality throughout the year. Underlying macroeconomic factors, such as increasing disposable income and urbanization, are also driving the growth of the outdoor furniture market in Eastern Europe. As people's incomes rise, they have more disposable income to spend on home improvement and outdoor furniture. Additionally, the growing urban population in Eastern Europe is leading to smaller living spaces, which in turn drives the demand for outdoor furniture that can maximize the use of limited outdoor areas. In conclusion, the Outdoor Furniture market in Eastern Europe is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and
Underlying macroeconomic factors:. Customers are increasingly interested in outdoor living spaces and are looking for durable and versatile furniture options. The rise of outdoor kitchens and dining areas, as well as the long and cold winters, contribute to the demand for outdoor furniture. Increasing disposable income and urbanization also drive the growth of the 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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
