Outdoor Furniture - Southeast Asia

Southeast Asia

Highlights

In Southeast Asia, the revenue generated in the Outdoor Furniture market is estimated to be US$945.40m in 2024.
It is projected that the market will experience an annual growth rate of 3.80% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue, generating US$18bn in 2024.
In Southeast Asia, the per capita revenue in 2024 is US$1.36.
With its tropical climate and growing tourism industry, Southeast Asian countries like Indonesia and Thailand are experiencing a surge in demand for outdoor furniture to cater to their outdoor lifestyle and hospitality sector.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Southeast Asia is experiencing significant growth and development in recent years. Customer preferences in the region are shifting towards outdoor living and leisure activities, driving the demand for outdoor furniture. With the rise in disposable income and changing lifestyles, consumers are increasingly seeking to create outdoor spaces that are both functional and aesthetically pleasing. This has led to a growing demand for a wide range of outdoor furniture, including patio sets, loungers, and dining sets. Trends in the market indicate a preference for durable and weather-resistant materials such as rattan, teak, and aluminum. These materials are known for their ability to withstand the region's tropical climate, which is characterized by high humidity and frequent rainfall. Additionally, there is a growing interest in eco-friendly and sustainable outdoor furniture options, as consumers become more environmentally conscious. Local special circumstances play a significant role in the development of the Outdoor Furniture market in Southeast Asia. The region's warm climate and abundant natural beauty make outdoor spaces an essential part of everyday life. Outdoor dining and entertaining are popular activities, with many restaurants and cafes offering outdoor seating options. This cultural preference for outdoor living has contributed to the increased demand for outdoor furniture. Underlying macroeconomic factors also contribute to the growth of the Outdoor Furniture market in Southeast Asia. The region's strong economic growth and rising middle class have resulted in increased consumer spending power. As disposable incomes continue to rise, consumers are willing to invest in high-quality outdoor furniture to enhance their outdoor living spaces. Additionally, the growth of the tourism industry in Southeast Asia has created a demand for outdoor furniture in hotels, resorts, and other hospitality establishments. In conclusion, the Outdoor Furniture market in Southeast Asia is experiencing significant growth and development due to changing

Customer preferences:

Local special circumstances: and

Underlying macroeconomic factors:. As consumers in the region seek to create outdoor spaces that are both functional and aesthetically pleasing, the demand for outdoor furniture continues to rise. With the region's warm climate and cultural preference for outdoor living, outdoor furniture has become an essential part of everyday life in Southeast Asia.

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.