Outdoor Furniture - GCC

GCC

Highlights

In 2024, the revenue generated in the Outdoor Furniture market in the GCC amounts to US$1.23bn.
It is projected that the market will experience an annual growth rate of 1.07% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation, with US$18bn in 2024.
In terms of per capita revenue, each person in the GCC generates US$20.34 in 2024.
The Outdoor Furniture market in the GCC is expected to witness steady growth in the coming years.
The demand for luxury outdoor furniture in the GCC countries has risen significantly due to the region's preference for outdoor living spaces and year-round warm climate.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in gcc is experiencing significant growth and development due to various factors. Customer preferences for outdoor living spaces, the increasing popularity of outdoor activities, and the favorable climate in the region are driving the demand for outdoor furniture. Additionally, local special circumstances such as urbanization and tourism are also contributing to the growth of the market.

Customer preferences: in the gcc region have shifted towards creating outdoor living spaces that provide comfort and relaxation. The warm climate and abundant sunshine make it ideal for outdoor activities such as dining, entertaining, and lounging. As a result, there is a growing demand for outdoor furniture that is durable, stylish, and suitable for different outdoor environments. Customers are looking for furniture pieces that can withstand the harsh weather conditions and require minimal maintenance. Trends in the market show an increased focus on sustainability and eco-friendly materials. Customers are becoming more conscious of the environmental impact of their choices and are opting for furniture made from recycled materials or sustainably sourced wood. This trend is driven by a desire to reduce waste and contribute to a greener future. Additionally, there is a growing preference for modular furniture that can be easily rearranged and customized to suit different outdoor spaces.

Local special circumstances: such as rapid urbanization and a booming tourism industry, are also contributing to the growth of the Outdoor Furniture market in the gcc region. As cities expand and more people move into apartments and villas with outdoor spaces, the demand for outdoor furniture increases. Additionally, the region's popularity as a tourist destination has led to a rise in demand for outdoor furniture in hotels, resorts, and other hospitality establishments. Underlying macroeconomic factors, such as a growing population, rising disposable incomes, and government initiatives to promote tourism and outdoor activities, are also driving the growth of the Outdoor Furniture market in the gcc region. The increasing population and higher incomes allow more people to invest in outdoor furniture and create inviting outdoor spaces. Government initiatives aimed at promoting tourism and outdoor activities further contribute to the demand for outdoor furniture in the region. In conclusion, the Outdoor Furniture market in the gcc region is developing rapidly due to customer preferences for outdoor living spaces, the increasing popularity of outdoor activities, and the favorable climate. Local special circumstances, such as urbanization and tourism, are also driving the growth of the market.

Underlying macroeconomic factors: such as a growing population and rising disposable incomes, further contribute to the development of the market. The

Trends in the market: reflect a shift towards sustainability and eco-friendly materials, as well as a preference for modular furniture that can be customized to suit different outdoor spaces.

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.