The Outdoor Furniture market in United Kingdom has been experiencing significant growth in recent years, driven by customer preferences for outdoor living spaces and the increasing popularity of outdoor activities.
Customer preferences: Customers in the United Kingdom have shown a strong preference for outdoor living spaces, with many homeowners investing in their gardens and outdoor areas. This trend is driven by a desire for relaxation and entertainment in the comfort of one's own home. As a result, there has been a growing demand for outdoor furniture that is both stylish and functional, allowing individuals to create a comfortable and inviting outdoor environment.
Trends in the market: One of the key trends in the Outdoor Furniture market in United Kingdom is the increasing demand for multifunctional outdoor furniture. Customers are looking for furniture pieces that can serve multiple purposes, such as outdoor sofas that can be converted into beds or dining tables that can be extended to accommodate more guests. This trend is driven by the desire to maximize the use of outdoor spaces and make them more versatile. Another trend in the market is the growing popularity of eco-friendly outdoor furniture. Customers in the United Kingdom are becoming more conscious of the environmental impact of their purchasing decisions and are seeking sustainable options. As a result, there has been an increase in the demand for outdoor furniture made from recycled materials or sourced from sustainable forests.
Local special circumstances: The United Kingdom has a unique climate, with unpredictable weather patterns and a relatively short summer season. This poses a challenge for the Outdoor Furniture market, as customers need furniture that can withstand the variable weather conditions. As a result, there is a demand for durable and weather-resistant outdoor furniture that can withstand rain, wind, and even occasional snow.
Underlying macroeconomic factors: The growth of the Outdoor Furniture market in United Kingdom can also be attributed to underlying macroeconomic factors. The country has experienced a stable economy in recent years, with rising disposable incomes and low unemployment rates. This has resulted in increased consumer spending on home improvement and outdoor leisure activities, including the purchase of outdoor furniture. Furthermore, the COVID-19 pandemic has also had an impact on the market. With travel restrictions and social distancing measures in place, more people are opting to spend their leisure time at home and in their gardens. This has led to a surge in demand for outdoor furniture as individuals look to create comfortable and functional outdoor spaces. In conclusion, the Outdoor Furniture market in United Kingdom is experiencing growth due to customer preferences for outdoor living spaces, the increasing demand for multifunctional and eco-friendly furniture, the unique local climate, and underlying macroeconomic factors. As the trend towards outdoor living continues to grow, the market is expected to expand further 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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.
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