Outdoor Furniture - Turkey

Turkey

Highlights

In Turkey, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$285.70m.
It is projected that the market will experience an annual growth rate of 2.05% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$18bn in 2024.
Taking into account the total population figures, in 2024, the per person revenue generated amounts to US$3.31.
Turkey's outdoor furniture market is booming, driven by a growing demand for stylish and durable patio sets and loungers.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: Customers in Turkey are increasingly seeking outdoor furniture that combines style and functionality. They are looking for furniture that not only enhances the aesthetics of their outdoor spaces but also provides comfort and durability. As a result, there is a growing demand for outdoor furniture made from high-quality materials such as teak, aluminum, and synthetic rattan. Additionally, customers are also showing a preference for modular outdoor furniture that can be easily rearranged to suit different occasions and spaces.

Trends in the market: One of the key trends in the Outdoor Furniture market in Turkey is the rise of eco-friendly and sustainable products. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from recycled or renewable materials. This trend is driving the development of innovative outdoor furniture solutions that are not only environmentally friendly but also aesthetically pleasing. Another trend in the market is the increasing popularity of multifunctional outdoor furniture. Customers are looking for furniture that can serve multiple purposes, such as dining tables that can be converted into loungers or storage benches that can also be used as seating. This trend is driven by the limited space available in urban areas and the desire to make the most of outdoor living spaces.

Local special circumstances: Turkey's favorable climate, with long summers and mild winters, is a key factor contributing to the growth of the Outdoor Furniture market. The country's diverse landscapes, including beautiful coastal areas and mountainous regions, provide ample opportunities for outdoor activities and create a strong demand for outdoor furniture. Furthermore, Turkey's growing tourism industry is also fueling the demand for outdoor furniture. As more tourists visit the country, there is a need for hotels, resorts, and restaurants to provide comfortable and attractive outdoor spaces for their guests. This has led to an increased demand for outdoor furniture in the hospitality sector.

Underlying macroeconomic factors: The growing middle class in Turkey, coupled with increasing disposable incomes, is driving the demand for outdoor furniture. As people's purchasing power increases, they are more willing to invest in outdoor furniture to create inviting and functional outdoor living spaces. In addition, the rapid urbanization and development of residential complexes and gated communities in Turkey are creating a need for outdoor furniture. These developments often include communal outdoor spaces that require furniture for residents to relax and socialize. Overall, the Outdoor Furniture market in Turkey is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. The demand for stylish, functional, and eco-friendly outdoor furniture is expected to continue to drive the market 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.