Outdoor Furniture - EU-27

EU-27

Highlights

In 2024, the revenue in the Outdoor Furniture market in the EU-27 amounts to US$13.09bn.
It is projected to grow annually by 2.47% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue with US$18bn in 2024.
Taking into account the total population figures, per person revenues of US$29.26 are generated in 2024.
In Spain, the demand for outdoor furniture has surged due to the country's warm climate and the popularity of outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in eu-27 is experiencing steady growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors are all contributing to this positive trajectory.

Customer preferences: in the Outdoor Furniture market in eu-27 are shifting towards durable and sustainable products. Customers are increasingly looking for furniture that can withstand various weather conditions and last for a long time. This preference for durability is driving the demand for high-quality materials such as teak, aluminum, and stainless steel. Additionally, there is a growing awareness and concern for the environment, leading customers to seek out eco-friendly options. As a result, manufacturers are focusing on producing outdoor furniture made from recycled materials and using sustainable production methods.

Trends in the market: are also shaping the development of the Outdoor Furniture industry in eu-27. One prominent trend is the rise of multifunctional outdoor furniture. Customers are looking for furniture that can serve multiple purposes, such as outdoor dining sets that can also be used for lounging or storage benches that double as seating. This trend is driven by the desire for versatility and space optimization in outdoor living areas. Another trend is the increasing popularity of modular outdoor furniture. Modular sets allow customers to customize their outdoor spaces according to their needs and preferences, providing flexibility and adaptability.

Local special circumstances: in eu-27 also play a role in the development of the Outdoor Furniture market. The region's diverse climate and geography create a demand for different types of outdoor furniture. For example, countries with a Mediterranean climate may require furniture that can withstand intense sun exposure, while countries with a more temperate climate may prioritize furniture that can withstand rain and humidity. Additionally, the outdoor lifestyle and culture in certain eu-27 countries, such as Spain and Italy, drive higher demand for outdoor furniture.

Underlying macroeconomic factors: are also influencing the growth of the Outdoor Furniture market in eu-27. The region's overall economic stability and increasing disposable incomes are enabling customers to invest in outdoor furniture. As the economy improves, people are more willing to spend on enhancing their outdoor living spaces. Furthermore, the growth of the tourism industry in eu-27 countries is boosting the demand for outdoor furniture in hotels, resorts, and restaurants, as these establishments aim to provide attractive and comfortable outdoor spaces for their guests. In conclusion, the Outdoor Furniture market in eu-27 is developing due to shifting customer preferences towards durability and sustainability, as well as trends in multifunctional and modular furniture. Local special circumstances, such as diverse climates and outdoor lifestyles, also contribute to market growth. Additionally, underlying macroeconomic factors, including economic stability and the growth of the tourism industry, are driving the demand for outdoor furniture 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.