Outdoor Furniture Market: Global Demand Analysis and Opportunity Outlook 2024-2036

. Global Outdoor Furniture Market: Growth Drivers and Challenges.

【Growth momentum】

· Growing Hospitality Industry - Outdoor furniture trends are prevalent in coastal areas, scenic locations, etc., followed by a growing number of resorts and hotels worldwide. For example, as of 2023, the United States had more than 180 thousand hotels and motels, an increase of more than 9% from 2022.

· Home gardens have proliferated - adding charm to public gardens by adding outdoor furniture such as chairs and sofas. By 2022, more than 30 percent of U.S. households will grow fruits, vegetables, and other foods, according to the report. Therefore, this means that they have space to engage in gardening, which is expected to boost the global economic growth of the outdoor furniture market. In addition, Americans spend more than $45 billion a year on lawns and gardening equipment.

· Rising Open Air Sports Area - The air sports area offers a range of activities such as air racing, hang gliding, skydiving and more. These areas require a space to sit and watch these sporting events and the market is expected to grow significantly over the forecast period. It is estimated that by 2021, the proportion of the population aged 6 and above interested in outdoor sports will reach more than 50%.

· Eco-friendly furniture is popular A top manufacturer is making eco-friendly furniture using MSO bamboo, which is stronger and harder than oak, producing a variety of artistic and high quality furniture. In addition, it is believed to drive the growth of furniture in the global outdoor furniture market. It is estimated that furniture generated more than 10 billion tons of municipal waste in the United States in 2018.

· The development of online distribution channels, rapid digitalization and increasing use of online purchases by mobile devices are expected to boost the growth of the global outdoor furniture market in the coming years. In 2021, there were more than 14 billion mobile devices in operation worldwide.

challenge

· Hospitality Industry Affected by Pandemic - The hospitality industry was severely affected by the COVID-19 pandemic, which was followed by the government's implementation of restrictions related to the total blockade. In addition, the supply chain of outdoor furniture is also reduced due to factory closures, further impacting the growth of the market.

· Changing the fashion trend of outdoor furniture

· High cost of raw materials