Outdoor Furniture - Finland

Finland

Highlights

In Finland, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$150.00m.
It is projected that the market will experience an annual growth rate of 1.05% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, with US$18bn in 2024.
Taking into account the total population figures, in Finland, each person generates revenues of US$27.03 in 2024.
The demand for durable, weather-resistant outdoor furniture in Finland is on the rise due to the country's long winters and love for outdoor activities.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Finland is experiencing steady growth, driven by the increasing demand for outdoor living spaces and the growing trend of spending leisure time outdoors. Customers in Finland prefer high-quality, durable outdoor furniture that can withstand the country's harsh weather conditions. The market is also influenced by local special circumstances, such as the popularity of summer cottages and the importance of outdoor activities in Finnish culture.

Customer preferences: In Finland, customers have a strong preference for high-quality outdoor furniture that is built to last. Due to the country's long and cold winters, durability is a key factor in purchasing decisions. Customers look for furniture made from materials that can withstand extreme weather conditions, such as teak, aluminum, and weather-resistant fabrics. Additionally, Finnish customers value functionality and practicality, often opting for furniture that can be easily folded or stored during the winter months.

Trends in the market: One of the key trends in the Outdoor Furniture market in Finland is the increasing popularity of outdoor living spaces. Finnish people enjoy spending time outdoors, especially during the summer months when the weather is more favorable. This has led to a growing demand for outdoor furniture that can create comfortable and inviting outdoor spaces. Customers are looking for furniture sets that include seating options, dining tables, and accessories such as umbrellas and outdoor heaters. Another trend in the market is the rise of eco-friendly and sustainable outdoor furniture. Finnish customers are becoming more conscious of the environmental impact of their purchases and are actively seeking out furniture made from sustainable materials. This includes furniture made from recycled materials, as well as those that are produced using environmentally friendly manufacturing processes.

Local special circumstances: The popularity of summer cottages is a unique aspect of the Outdoor Furniture market in Finland. Many Finnish families own a summer cottage where they spend their weekends and holidays. This has created a demand for outdoor furniture that is suitable for cottage living, such as folding chairs and tables that can be easily transported and stored. Additionally, Finnish people have a strong connection to nature and outdoor activities, which further drives the demand for outdoor furniture.

Underlying macroeconomic factors: The Outdoor Furniture market in Finland is influenced by several macroeconomic factors. The country has a strong economy and a high standard of living, which allows consumers to invest in high-quality outdoor furniture. Additionally, the government's focus on promoting outdoor activities and sustainable living also contributes to the growth of the market. The tourism industry in Finland is also a significant driver, as tourists visiting the country often seek out outdoor experiences and may purchase outdoor furniture during their stay. In conclusion, the Outdoor Furniture market in Finland is experiencing growth due to the increasing demand for outdoor living spaces and the preference for high-quality, durable furniture. The market is influenced by customer preferences for functionality and practicality, as well as the local special circumstances of summer cottages and the importance of outdoor activities in Finnish culture. The underlying macroeconomic factors, such as the strong economy and the government's focus on promoting outdoor activities, also contribute to the market's growth.

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.