Market Size of United States Outdoor Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 10.10 Billion |
Market Size (2029) | USD 13.02 Billion |
CAGR (2024 - 2029) | 5.21 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
United States Outdoor Furniture Market Analysis
The United States Outdoor Furniture Market size is estimated at USD 10.10 billion in 2024, and is expected to reach USD 13.02 billion by 2029, growing at a CAGR of 5.21% during the forecast period (2024-2029).
The US outdoor furniture market is witnessing a surge, propelled by the rising demand for patio heating products in residential and commercial settings. Additionally, there is a notable shift toward eco-friendly outdoor furniture. However, the market's long replacement cycle is a significant challenge, which is expected to hamper its growth. The outdoor furniture market is primarily driven by the escalating demand from hotels, resorts, public gardens, and open spaces. These trends are particularly prominent in coastal regions, hill stations, scenic locales, and historical sites. With the growing number of hotels and restaurants, the market is poised for further growth in the coming years. Moreover, consumers are increasingly focusing on enhancing their outdoor spaces, such as balconies, gardens, and porches, with aesthetically pleasing and comfortable designs, further fueling the market’s growth.
The US outdoor furniture market has experienced significant growth in recent years. Factors like increased consumer spending, a surge in global tourism, a thriving residential and commercial construction sector, product design innovations, and portfolio expansions have been key drivers. Notably, the demand for patio heating products in commercial and residential spaces is increasing, further fueling market growth. The demand for eco-friendly outdoor furniture is on the rise, bolstered by the availability of versatile options and a notable uptick in online sales. The hospitality sector, encompassing hotels and restaurants, is set to be a key driver in shaping the outdoor furniture market.
Consumers are increasingly investing in outdoor furniture for their homes as they have more financial capacity for leisure spending. Homeowners are focused on creating visually appealing sitting areas in their gardens or balconies. Lounge chairs, seating sets, and tables are the top revenue generators in the outdoor furniture market. While the residential sector remains a significant market, the commercial sector is witnessing faster adoption of outdoor furniture. This stems from multiple factors, such as an uptick in travel, a heightened desire for unique experiences, and evolving lifestyles. Manufacturers are proactively capitalizing on this trend in the commercial sector to enhance their sales.
United States Outdoor Furniture Industry Segmentation
Outdoor furniture, designed for use in patios, gardens, decks, and other outdoor spaces, is crafted from robust materials to withstand the elements, including rain, sun, wind, and snow. This type of furniture encompasses a range of items, such as tables, chairs, lounges, benches, and umbrellas. Their purpose is to offer functionality and elevate the aesthetic, enriching the outdoor living experience.
The US outdoor furniture market is segmented by product type, distribution channel, and end user. The market is segmented by product type into chairs, tables, seating sets, loungers and daybeds, and dining sets. By end user, the market is segmented into residential and commercial. The market is segmented by distribution channel into supermarkets and hypermarkets, specialty stores, and online retail. The report offers market sizes and forecasts in terms of value (USD) for all the above segments.
Product Type | |
Chairs | |
Tables | |
Seating Sets | |
Loungers and Daybeds | |
Dining Sets | |
Other Product Types |
End User | |
Commercial | |
Residential |
Distribution Channel | |
Supermarkets and Hypermarkets | |
Specialty Stores | |
Online Retail | |
Other Distribution Channels |
United States Outdoor Furniture Market Size Summary
The United States outdoor furniture market has experienced significant growth, driven by increased consumer spending, travel trends, and a booming residential and commercial construction sector. Innovations in product design and the expansion of product portfolios have further propelled the market. The demand for environment-friendly and multi-functional outdoor furniture is on the rise, supported by the growing trend of online sales. The market is also benefiting from the increasing financial capacity of consumers to invest in leisure activities, leading to enhanced outdoor spaces in residential areas. Key products such as lounge chairs, seating sets, and tables are contributing to substantial revenue generation, with the commercial sector witnessing a faster adoption of outdoor furniture.
The COVID-19 pandemic had a profound impact on the US outdoor furniture market, causing a temporary decline due to lockdowns and halted manufacturing activities. However, the market has rebounded post-COVID, with a focus on sustainable solutions. The rise in disposable income and a shift towards quality outdoor furniture have bolstered domestic sales and international exports. The seating segment, in particular, is seeing product innovations, including ergonomic and stackable chairs, driven by the expansion of outdoor spaces and family gatherings. Major players like Ashley Furniture Industries Inc. and Home Depot Product Authority LLC dominate the market, but mid-size and smaller companies are gaining traction through technological advancements and new market opportunities.
United States Outdoor Furniture Market Size - Table of Contents
-
1. MARKET INSIGHTS AND DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.2.1 Growth of Restaurant and Hotel Chains
-
1.2.2 Increasing Residential Spending on Luxurious Furnishings is Driving the Market
-
-
1.3 Market Restraints
-
1.3.1 Supply Chain Disruptions are Restraining the Market
-
-
1.4 Market Opportunities
-
1.4.1 Sustainable and Eco-Friendly Designs Creates Demand for Outdoor Furniture
-
1.4.2 Innovations and Technological Advancements will Create Market Opportunities in Outdoor Furniture Market
-
-
1.5 Insights on Technological Advancements and Sustainability Factors
-
1.6 Industry Value Chain Analysis
-
1.7 Industry Attractiveness: Porter's Five Forces Analysis
-
1.7.1 Threat of New Entrants
-
1.7.2 Bargaining Power of Buyers/Consumers
-
1.7.3 Bargaining Power of Suppliers
-
1.7.4 Threat of Substitute Products
-
1.7.5 Intensity of Competitive Rivalry
-
-
1.8 Impact of COVID-19 on the Market
-
-
2. MARKET SEGMENTATION
-
2.1 Product Type
-
2.1.1 Chairs
-
2.1.2 Tables
-
2.1.3 Seating Sets
-
2.1.4 Loungers and Daybeds
-
2.1.5 Dining Sets
-
2.1.6 Other Product Types
-
-
2.2 End User
-
2.2.1 Commercial
-
2.2.2 Residential
-
-
2.3 Distribution Channel
-
2.3.1 Supermarkets and Hypermarkets
-
2.3.2 Specialty Stores
-
2.3.3 Online Retail
-
2.3.4 Other Distribution Channels
-
-
United States Outdoor Furniture Market Size FAQs
How big is the United States Outdoor Furniture Market?
The United States Outdoor Furniture Market size is expected to reach USD 10.10 billion in 2024 and grow at a CAGR of 5.21% to reach USD 13.02 billion by 2029.
What is the current United States Outdoor Furniture Market size?
In 2024, the United States Outdoor Furniture Market size is expected to reach USD 10.10 billion.