Outdoor Furniture - North America

North America

Highlights

In 2024, the revenue generated in the Outdoor Furniture market in North America amounted to US$20.22bn.
It is projected that the market will experience an annual growth rate of 3.46% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries globally, United States leads in terms of revenue generation, with US$18bn in 2024.
Taking into account the total population figures, in 2024, per person revenues of US$39.62 were generated in North America.
The outdoor furniture market in North America is experiencing a surge in demand due to increasing interest in outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in North America is experiencing significant growth and development due to various factors. Customer preferences in the Outdoor Furniture market in North America are shifting towards more durable and weather-resistant products. Consumers are looking for furniture that can withstand harsh weather conditions and require minimal maintenance. This trend is driven by the desire for long-lasting and high-quality outdoor furniture that can be enjoyed for many years. Additionally, there is a growing demand for versatile and multi-functional outdoor furniture that can be easily rearranged and adapted to different outdoor spaces and activities. Trends in the market show a strong emphasis on sustainable and eco-friendly outdoor furniture. Consumers are increasingly concerned about the environmental impact of their purchases and are seeking products that are made from sustainable materials and have minimal carbon footprint. This trend is driving the demand for outdoor furniture made from recycled materials, such as plastic, wood, and metal. Additionally, there is a growing interest in furniture that is produced using environmentally-friendly manufacturing processes and practices. Local special circumstances in North America, such as the diverse climate and outdoor lifestyle, contribute to the growth of the Outdoor Furniture market. The region experiences a wide range of weather conditions, including extreme heat, cold, and precipitation. This necessitates the need for outdoor furniture that can withstand these conditions and provide comfort and functionality year-round. Moreover, North America has a strong outdoor culture, with many people enjoying outdoor activities and spending time in their outdoor spaces. This creates a high demand for outdoor furniture that can enhance the outdoor experience and provide a comfortable and stylish environment for relaxation and entertainment. Underlying macroeconomic factors also play a role in the development of the Outdoor Furniture market in North America. The region has a stable and growing economy, which has led to increased disposable income and consumer spending. As a result, consumers are more willing to invest in high-quality outdoor furniture that can enhance their outdoor living spaces. Additionally, the rise of e-commerce and online shopping has made it easier for consumers to access a wide range of outdoor furniture options and compare prices and features. This has contributed to the growth of the market by increasing consumer awareness and choice. In conclusion, the Outdoor Furniture market in North America is developing due to changing

Customer preferences: trends towards sustainability,

Local special circumstances: and

Underlying macroeconomic factors:. As consumers prioritize durability, versatility, and sustainability, the market is expected to continue growing and evolving to meet these demands.

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.