Outdoor Furniture - Lebanon

Lebanon

Highlights

In Lebanon, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$62.59m.
It is expected that this market will experience an annual growth rate of 2.23% (CAGR 2024-2029).
In comparison to other countries worldwide, United States generates the highest revenue in this segment, with US$18bn in 2024.
When considering the population size, per person revenues of US$11.99 are generated in Lebanon in 2024.
"Lebanon's outdoor furniture market is thriving, with a growing demand for high-quality, durable pieces that reflect the country's rich cultural heritage."

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Lebanon has been experiencing significant growth in recent years, driven by various factors such as changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Outdoor Furniture market in Lebanon have shifted towards more stylish and comfortable designs. Customers are increasingly looking for furniture that not only enhances their outdoor living spaces but also provides a high level of comfort. This has led to an increased demand for outdoor furniture made from materials such as rattan, teak, and aluminum, which offer both durability and aesthetic appeal. Additionally, customers are also showing a preference for furniture that is easy to maintain and can withstand harsh weather conditions, as Lebanon experiences hot summers and heavy rainfall during the winter months. Trends in the Outdoor Furniture market in Lebanon reflect global and regional market trends. One such trend is the growing popularity of outdoor lounging and dining areas. Customers are increasingly creating outdoor living spaces that serve as extensions of their homes, where they can relax, entertain guests, and enjoy meals. This trend has led to an increased demand for outdoor furniture sets that include comfortable seating options, dining tables, and accessories such as umbrellas and cushions. Another trend is the rising popularity of eco-friendly and sustainable outdoor furniture. Customers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from recycled materials or from sustainable sources.

Local special circumstances: also play a role in the development of the Outdoor Furniture market in Lebanon. The country's Mediterranean climate, with long summers and mild winters, provides ample opportunities for outdoor activities and encourages people to spend more time in their outdoor spaces. This has created a favorable environment for the growth of the outdoor furniture market. Additionally, lebanon's growing tourism industry has also contributed to the increased demand for outdoor furniture, as hotels, resorts, and restaurants seek to provide comfortable and stylish outdoor seating options for their guests. Underlying macroeconomic factors have also influenced the development of the Outdoor Furniture market in Lebanon. The country's improving economy, coupled with increasing disposable incomes, has resulted in a higher purchasing power among consumers. This has allowed them to invest in outdoor furniture and create inviting outdoor spaces. Furthermore, the government's efforts to promote tourism and attract foreign investment have also had a positive impact on the market, as they have contributed to the growth of the hospitality sector and increased demand for outdoor furniture. Overall, the Outdoor Furniture market in Lebanon is witnessing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As customers continue to seek stylish and comfortable outdoor furniture, the market is expected to expand further 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.