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Market Insights report
This Outdoor Furniture segment includes furniture made of materials other than wood. The worldwide revenue of US$50.4 billion in 2023 is expected to increase to US$62.17 billion by 2029.
What's included?
The outdoor furniture market is poised for growth in the coming years, driven by several key factors. Firstly, the trend towards outdoor living is here to stay, as consumers increasingly seek to create comfortable and functional outdoor spaces. This trend is particularly strong among millennials, who are more likely to view their outdoor spaces as extensions of their homes and invest in outdoor furniture accordingly. In addition, the growing popularity of outdoor activities such as dining and entertaining has led to increased demand for durable, stylish outdoor furniture that can withstand the elements. This has resulted in a shift towards materials like aluminum, wicker, and teak, which are weather-resistant and require minimal upkeep. Rising disposable incomes has also been an important factor we consider as it has enabled consumers to invest in higher quality outdoor furniture that will last for years to come. This has led to increased sales of premium outdoor furniture products, as consumers seek to create outdoor spaces that are both functional and luxurious. Overall, the outlook for the outdoor furniture market is positive, as consumers continue to prioritize their outdoor spaces and invest in high-quality outdoor furniture products. The market is expected to see sustained growth in the coming years, driven by these key factors.
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Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)