Outdoor Furniture - Western Asia

Western Asia

Highlights

In 2024, the revenue in the Outdoor Furniture market in Western Asia amounts to US$2.00bn.
This market is projected to experience an annual growth rate of 1.26% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$18bn in 2024.
In terms of per capita figures, the revenue per person in Western Asia is US$8.97 in 2024.
The demand for luxury outdoor furniture in Western Asia has been steadily increasing, reflecting the region's growing affluence and desire for stylish outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Western Asia is experiencing significant growth and development due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in Western Asia have shifted towards outdoor living spaces, with a growing desire for comfortable and stylish furniture that can withstand the region's harsh weather conditions. Consumers are increasingly looking for durable materials such as teak, aluminum, and synthetic wicker that can withstand high temperatures, humidity, and sandstorms. Additionally, there is a rising demand for multi-functional outdoor furniture that can be easily transformed to suit different occasions, such as dining, lounging, or hosting gatherings. Trends in the market indicate a growing focus on sustainability and eco-friendly materials. Consumers in Western Asia are becoming more conscious of their environmental impact and are seeking furniture made from recycled or renewable materials. This trend is driven by a combination of factors, including increasing awareness of climate change, government initiatives promoting sustainability, and the influence of global sustainability movements.

Local special circumstances: in Western Asia also contribute to the development of the Outdoor Furniture market. The region's favorable climate, with long summers and mild winters, encourages outdoor activities and the use of outdoor spaces throughout the year. This creates a strong demand for outdoor furniture that can withstand the region's unique weather conditions. Additionally, the rapid urbanization and development of Western Asia have led to an increase in the number of residential and commercial properties with outdoor spaces, further driving the demand for outdoor furniture. Underlying macroeconomic factors also play a significant role in the growth of the Outdoor Furniture market in Western Asia. The region's strong economic growth, fueled by industries such as oil and gas, construction, and tourism, has led to an increase in disposable income and consumer spending power. As a result, consumers are more willing to invest in high-quality outdoor furniture to enhance their outdoor living spaces. In conclusion, the Outdoor Furniture market in Western Asia is experiencing growth and development due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards outdoor living spaces, the demand for durable and multi-functional furniture, the focus on sustainability, the favorable climate, and the region's strong economic growth all contribute to the market's expansion.

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.