Outdoor Furniture - Georgia

Georgia

Highlights

In 2024, the revenue in the Outdoor Furniture market in Georgia amounts to US$12.21m.
It is projected to grow annually by 1.55% (CAGR 2024-2029).
When comparing globally, United States generates the highest revenue in this segment, with a staggering US$18bn in 2024.
In terms of per person revenues, in Georgia generates US$3.29 in 2024, considering the total population figures.
As the journalist with a deep knowledge about history and facts, I am pleased to provide you with a country-specific statement about current trends in the outdoor furniture market in Georgia: "Georgia's outdoor furniture market is experiencing a surge in demand for traditional, handcrafted pieces that showcase the country's rich cultural heritage."

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Georgia is experiencing significant growth and development in recent years. Customer preferences for outdoor living spaces and the increasing popularity of outdoor activities are driving this trend. Additionally, local special circumstances and underlying macroeconomic factors contribute to the market's growth.

Customer preferences: for outdoor living spaces have been a key driver of the Outdoor Furniture market in Georgia. People are increasingly seeking to create comfortable and stylish outdoor areas for relaxation and entertainment. The desire for outdoor furniture that is both functional and aesthetically pleasing has led to a growing demand for a wide range of outdoor furniture products. Another factor driving the growth of the Outdoor Furniture market in Georgia is the increasing popularity of outdoor activities. Georgians are increasingly embracing outdoor activities such as dining, entertaining, and lounging in their outdoor spaces. This trend has created a strong demand for outdoor furniture that can withstand different weather conditions and provide comfort and durability. The market is also influenced by

Local special circumstances:. Georgia has a mild climate, with long summers and mild winters, which allows for extended use of outdoor spaces throughout the year. This favorable climate encourages people to invest in outdoor furniture and spend more time outdoors, further driving the market's growth.

Underlying macroeconomic factors: also contribute to the development of the Outdoor Furniture market in Georgia. The country's improving economy and rising disposable incomes have allowed consumers to allocate more funds towards home improvement and outdoor living. As a result, there is an increased willingness to invest in high-quality outdoor furniture, driving the market's growth. In conclusion, the Outdoor Furniture market in Georgia is experiencing significant growth and development due to customer preferences for outdoor living spaces, the increasing popularity of outdoor activities, local special circumstances, and underlying macroeconomic factors. As people seek to create comfortable and stylish outdoor areas, the demand for outdoor furniture continues to rise. With a favorable climate and improving economy, the market is expected to continue its upward trajectory in the coming years.

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.