Restaurant Furniture Market Size
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| CAGR | > 4.00 % |
| Fastest Growing Market | North America |
| Largest Market | Asia-Pacific |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Restaurant Furniture Market Analysis
The furniture market is expected to register a CAGR of 5% over the next five years.
In restaurants, furniture setup plays an important role; The right seating sets the scene for guests' dining experience. Nevertheless, it's not all about aesthetics. Seating capacity and constant furniture use are just a couple more aspects that must be considered.
The restaurant industry is constantly evolving, and so are the furniture trends that are popular among restaurant owners. Like everything else, restaurant furniture changes over the years and even from season to season. One year restaurants might be using a lot of upholstered chairs, and another year, you'll see restaurant chairs with armrests. Following the latest trend in the letter is not a good idea, but you can stay current by including trendy elements in your restaurant decor.
Custom furnishing is in high demand when the economy is expanding. The furniture market is booming and is expected to expand by much more in the coming years.
The COVID-19 pandemic impacted the restaurant industry via government closures, resulting in layoffs of workers and loss of income for restaurants and owners and threatening the survival of independent restaurants.
Restaurant Furniture Market Trends
Increasing Demand for Patio Furniture
Patio furniture, also called Garden furniture or outdoor furniture, is a type of furniture specifically designed for outdoor use. Revenue in the Outdoor Furniture segment amounts to USD51.77bn in 2023. The market is expected to grow annually by 4.85% (CAGR 2023-2028). In global comparison, most revenue is generated in the United States (USD17,790.00m in 2023). About total population figures, per-person revenues of xx are generated in 2023.
The growth of the restaurant furniture industry is primarily driven by the rising need for patio furniture products in hotels, resorts, open spaces, and public gardens. These trends are mainly observed in seaside areas, hill stations, scenic beauty places, and historical monuments. In addition, consumer attention is changing to enhancing outside areas to provide more aesthetically pleasing and comfortable designs in balconies, gardens, and porches, supporting industry development.
Asia-Pacific is Expected to Witness the Highest Growth
Shortly, there will be an increasing demand for restaurant furniture in Asia-Pacific regions, which is expected to drive the market for more high-quality restaurant furniture.
Rising consumer income, changing demographics, and a good macroeconomic outlook in emerging Asian nations are anticipated to drive demand for restaurant renovation. The growth of a brand may depend critically on innovation, excellence in retailing, and pricing customized to specific market categories.
Nowadays, due to the accessibility of a large range of restaurant furnishings goods at reasonable costs, every consumer prefers and relies on online retail platforms to purchase furniture. The two main drivers influencing the restaurant furniture market in the Asia-Pacific region are improving lifestyles and rising disposable income.
Restaurant Furniture Industry Overview
The report covers the major international players operating in the restaurant furniture market. In terms of market share, some of the major players currently fragment the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
Restaurant Furniture Market Leaders
-
American Signature
-
Ashley Furniture Industry
-
Casblanca
-
Forever Patio
-
Custom Seating
*Disclaimer: Major Players sorted in no particular order
Restaurant Furniture Market News
- April 2022: AFC Furniture Solutions Acquires Wipro Enterprise's Furniture Brands. This acquisition comes as a critical jump in the brand's effort to expand its operations across the length and breadth of the country.
- April 2021: Keter partnered with an Israeli developer of thermoplastic material, UBQ Materials, to bring out multiple product lines for sustainable garden goods. This partnership will help UBQ Materials achieve its sustainable goal by including 55% of recycled content in its products.
Restaurant Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Value Chain Analysis
4.5 Industry Attractiveness - Porter's Five Forces Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitutes
4.5.5 Intensity of Competitive Rivalry
4.6 Insights of Technology Innovations in the Market
4.7 Insights on Government Regulations on the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Dining Sets
5.1.2 Seating Furniture
5.2 By Application
5.2.1 Restaurants
5.2.2 Snack Bar
5.2.3 Hotels and Bars
5.3 By Geography
5.3.1 North America
5.3.1.1 United States
5.3.1.2 Canada
5.3.1.3 Mexico
5.3.1.4 Rest of North America
5.3.2 Asia-Pacific
5.3.2.1 China
5.3.2.2 India
5.3.2.3 Japan
5.3.2.4 Rest of Asia-Pacific
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 France
5.3.3.3 United Kingdom
5.3.3.4 Rest of Europe
5.3.4 Middle East and Africa
5.3.4.1 United Arab Emirates
5.3.4.2 Saudi Arabia
5.3.4.3 South Africa
5.3.4.4 Rest of Middle East and Africa
5.3.5 South America
5.3.5.1 Brazil
5.3.5.2 Argentina
5.3.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 American Signature
6.2.2 Ashley Furniture Industry
6.2.3 Casblanca
6.2.4 Forever Patio
6.2.5 Custom Seating
6.2.6 Herman Miller
6.2.7 HNI
6.2.8 IKEA
6.2.9 Otto (Crate & Barrel)
6.2.10 Scavolini
6.2.11 Homecrest Outdoor Living*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Restaurant Furniture Industry Segmentation
The furniture used in a restaurant where guest usually sits and takes their food and beverage item is known as restaurant furniture. This report aims to provide a detailed analysis of the global restaurant furniture market. It focuses on market dynamics, technological trends, and insights into various product and application types. Also, it analyses the key players and the competitive landscape in the global restaurant furniture market. The Restaurant Furniture Market is segmented by type (Dining Sets and Seating Furniture), by application (Restaurants, Snack Bar, Hotels and Bars, and Others), and by geography (North America, Europe, Asia-Pacific, South America, and Middle East and Africa). The report offers the market sizes and forecasts in value (USD million) for all the above segments.
| By Type | |
| Dining Sets | |
| Seating Furniture |
| By Application | |
| Restaurants | |
| Snack Bar | |
| Hotels and Bars |
| By Geography | ||||||
| ||||||
| ||||||
| ||||||
| ||||||
|
Restaurant Furniture Market Research FAQs
What is the current Restaurant Furniture Market size?
The Restaurant Furniture Market is projected to register a CAGR of greater than 4% during the forecast period (2024-2029)
Who are the key players in Restaurant Furniture Market?
American Signature, Ashley Furniture Industry, Casblanca, Forever Patio and Custom Seating are the major companies operating in the Restaurant Furniture Market.
Which is the fastest growing region in Restaurant Furniture Market?
North America is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Restaurant Furniture Market?
In 2024, the Asia-Pacific accounts for the largest market share in Restaurant Furniture Market.
What years does this Restaurant Furniture Market cover?
The report covers the Restaurant Furniture Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Restaurant Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Restaurant Furniture Industry Report
Statistics for the 2024 Restaurant Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Restaurant Furniture analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
Restaurant Furniture Report Snapshots
