Outdoor Furniture - Slovakia

Slovakia

Highlights

In Slovakia, the revenue in the Outdoor Furniture market reaches US$36.74m in 2024.
It is projected to experience an annual growth rate of 3.20% (CAGR 2024-2029).
When compared globally, United States leads the way in generating the highest revenue with US$18bn in 2024.
On a per capita basis, the revenue generated amounts to US$6.44 per person in 2024.
Slovakia's outdoor furniture market is witnessing a surge in demand for eco-friendly and durable products, reflecting the country's growing focus on sustainability and quality.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Slovakia has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in Slovakia have shifted towards outdoor living spaces, as people are increasingly looking to create comfortable and stylish outdoor environments. This has led to a growing demand for outdoor furniture that is both functional and aesthetically pleasing. Customers are seeking durable and weather-resistant materials such as teak, aluminum, and synthetic wicker, which can withstand the changing seasons and provide long-lasting comfort. Additionally, there is a preference for modular and customizable furniture that can be easily rearranged to suit different outdoor spaces and occasions. Trends in the market include the rise of eco-friendly and sustainable outdoor furniture options. With increasing awareness of environmental issues, customers are seeking products that are made from recycled materials or sourced from sustainable forests. This trend aligns with the global movement towards sustainability and is likely to continue driving market growth in Slovakia. Another trend is the integration of technology into outdoor furniture, such as built-in speakers, led lighting, and wireless charging capabilities. These features enhance the outdoor experience and cater to the growing demand for smart and connected products.

Local special circumstances: in Slovakia, such as the country's favorable climate and natural landscapes, contribute to the growth of the outdoor furniture market. Slovakia has a temperate climate with warm summers, making it ideal for outdoor activities and gatherings. The country is also known for its beautiful countryside and national parks, which attract tourists and locals alike. This creates opportunities for the hospitality sector, as hotels, restaurants, and cafes invest in outdoor furniture to create inviting outdoor spaces for their guests. Additionally, the growing trend of staycations and outdoor entertaining at home further drives the demand for outdoor furniture among homeowners. Underlying macroeconomic factors, such as rising disposable incomes and increasing urbanization, also play a role in the development of the outdoor furniture market in Slovakia. As people's incomes increase, they have more spending power to invest in outdoor furniture and create their desired outdoor living spaces. Urbanization leads to smaller living spaces, prompting people to maximize their outdoor areas and create additional living spaces. This trend is further fueled by the covid-19 pandemic, which has increased the importance of outdoor spaces as people seek safe and socially distanced activities. Overall, the Outdoor Furniture market in Slovakia is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As people prioritize outdoor living and seek to create comfortable and stylish outdoor environments, the demand for outdoor furniture is expected to continue growing 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.