Outdoor Furniture - Moldova

Moldova

Highlights

In Moldova, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$7.98m.
It is projected that the market will experience an annual growth rate of 3.86% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads with a revenue of US$18bn in 2024.
Taking into account the total population, the per person revenue in Moldova amounts to US$2.40 in 2024.
Moldova's outdoor furniture market is witnessing a surge in demand, driven by the country's growing tourism industry and the increasing popularity of outdoor leisure activities among locals.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Moldova has been experiencing steady growth in recent years. Customer preferences have shifted towards outdoor living spaces, leading to an increased demand for outdoor furniture. This trend is driven by several factors, including the desire for a more relaxed and comfortable outdoor environment, the growing popularity of outdoor entertaining, and the increasing focus on wellness and outdoor activities.

Customer preferences: In Moldova, customers are increasingly seeking to create outdoor living spaces that are an extension of their indoor spaces. They want their outdoor areas to be comfortable, stylish, and functional, with furniture that can withstand the elements. This has led to a rise in the demand for durable and weather-resistant materials such as teak, aluminum, and synthetic rattan. Customers also prefer furniture that is easy to maintain and requires minimal upkeep.

Trends in the market: One of the key trends in the outdoor furniture market in Moldova is the growing popularity of multifunctional furniture. Customers are looking for pieces that can serve multiple purposes, such as outdoor dining sets that can also be used for lounging or modular seating arrangements that can be reconfigured to fit different spaces. This trend is driven by the limited outdoor space available in many urban areas and the desire to make the most of the available space. Another trend in the market is the increasing demand for 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 sourced from sustainable forests. This trend is driven by a growing awareness of the importance of environmental conservation and a desire to support companies that prioritize sustainability.

Local special circumstances: Moldova has a temperate continental climate, with hot summers and cold winters. This means that outdoor furniture needs to be able to withstand a wide range of weather conditions, including high temperatures, heavy rain, and snow. As a result, customers in Moldova are particularly interested in furniture that is durable and weather-resistant. They also value furniture that is lightweight and easy to move, as it allows them to make the most of their outdoor spaces during the warmer months.

Underlying macroeconomic factors: The growth of the outdoor furniture market in Moldova can be attributed to several macroeconomic factors. Firstly, the country has experienced steady economic growth in recent years, leading to an increase in disposable income and consumer spending. This has allowed more people to invest in outdoor furniture and create outdoor living spaces. Secondly, the growth of the tourism industry in Moldova has also contributed to the development of the outdoor furniture market. The country has seen an increase in the number of tourists visiting its natural attractions, such as vineyards and national parks. This has created a demand for outdoor furniture in hotels, restaurants, and other hospitality establishments. In conclusion, the Outdoor Furniture market in Moldova is developing due to changing customer preferences, including a desire for outdoor living spaces and the popularity of outdoor entertaining. The market is also influenced by trends such as the demand for multifunctional and sustainable furniture. Local special circumstances, such as the climate, drive the need for durable and weather-resistant furniture. The underlying macroeconomic factors, including economic growth and the growth of the tourism industry, further contribute to the development of the market.

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.