Urban/Street Furniture Market Size

Urban/Street Furniture Market Analysis

The Urban/Street Furniture Market size is estimated at USD 0.98 billion in 2024, and is expected to reach USD 1.33 billion by 2029, growing at a CAGR of 6.29% during the forecast period (2024-2029).

The rise in urban population and increase in the real estate industry are factors for the growth of the global market. Factors like per capita and disposable income increase are essential in boosting the market. Growing tourism in seaside areas, hill stations, and other monumental places increased demand for hotels, resorts, public gardens, and open spaces, propelling the demand for street furniture. Street furniture is also used in commercial spaces. Apart from comfort, it offers uniqueness and boosts people's interest in enjoying outdoor spaces.

Street furniture products provide aesthetic and functional benefits in the commercial and residential sectors. The rising urbanization is a factor that helps in the market growth. The traffic light is a significant piece of street furniture that is important for the nation and reduces traffic accidents. It is made up of aluminum, iron, and other metal leads. As the production cost of aluminum, iron, and other metals increases, the cost of furniture production also increases, thus increasing the market's growth.

Increased demand for urban/street furniture made manufacturers expand and enlarge product distribution in the outdoor segment. Manufacturers are also trying to increase their market share by extending their business. Therefore, urbanization is the primary factor that increases the demand for street seating arrangements and other furniture equipment.