Global Outdoor Furniture and Kitchen Market Size to Exceed USD 24.75 Billion by 2033 | CAGR of 4.46%
Category: Consumer GoodsGlobal Outdoor Furniture and Kitchen Market Size to Exceed USD 24.75 Billion by 2033
According to a research report published by Spherical Insights & Consulting, the Global Outdoor Furniture and Kitchen Market is expected to grow from USD 16 billion in 2023 to USD 24.75 billion by 2033, at a CAGR of 4.46% during the forecast period 2023-2033.
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Browse key industry insights spread across 246 pages with 112 Market data tables and figures & charts from the report on the "Global Outdoor Furniture and Kitchen Market Size, Share, and COVID-19 Impact Analysis By Product Type (Seating Sets, Dining Sets, Cooking Appliances, Storage Units, and Others), By Material (Wood, Metal, Plastic, and Others), By End-User (Residential and Commercial), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/outdoor-furniture-and-kitchen-market
The outdoor furniture and kitchen market is to specially constructed settings for outdoor living. Outdoor furniture is weather-resistant tables and seating for comfort and relaxation. An outdoor kitchen is made up of cooking appliances like countertops and grills for food preparation and dining outdoors, ideal for entertaining and enhancing outdoor lifestyle experiences. The expansion of the market is an expanding trend for outdoor entertainment and dining. With the growing desire to entertain and dine outdoors at home, there is an increased need for outdoor kitchens, dining collections, and matching furniture. This trend is supported by the need for multi-functional outdoor spaces that can be used as extensions of indoor living rooms. Additionally, the growth in home renovation and improvement activities has benefited the outdoor furniture and kitchen industry. Due to the rising accessibility of do-it-yourself home improvement tools and the popularity of home makeovers, homeowners are increasingly likely to invest in improving their outdoor areas. However, the price of high-end outdoor furniture and kitchen items like conversation sets and firepit sets is relatively higher than the standard outdoor furniture items, restricting their demand among price-conscious customers. Additionally, the rise in competition between players and the accessibility of cheap substitutes also create a serious challenge for the growth of the market.
The seating set segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product type, the global outdoor furniture and kitchen market is divided into seating sets, dining sets, cooking appliances, storage units, and others. Among these, the seating set segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by their functionality and versatility. Moreover, the growing trend of outdoor living and dining areas, especially in residential homes, has also increased the demand for outdoor chairs.
The wood segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the material, the global outdoor furniture and kitchen market is categorized into wood, metal, plastic, and others. Among these, the wood segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the increasing popularity of outdoor furniture and kitchen made of wood is attributed to the advantages it has, including durability, enhanced comfort, and good looks.
The residential sales segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on end-user, the outdoor furniture and kitchen market is segmented into residential and commercial. Among these, the residential segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to population expansion, increasing per capita income, westernization, and changing lifestyles.
North America is expected to hold the majority share of the global outdoor furniture and kitchen market during the forecast period.
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North America is expected to hold the majority share of the global outdoor furniture and kitchen market during the forecast period. North America dominates the market because of picked up due to the increased popularity of family meals and dining at home. This has been further strengthened by the increase in the demand for designing and maintaining front yard and backyard gardens not just for the beautification of the homes but also to entertain visitors.
Asia-Pacific is anticipated to grow at the fastest pace in the global outdoor furniture and kitchen market during the forecast period. The market is driven by global tourism is attracting significant interest in nations such as China, Malaysia, South Korea, Singapore, and India. Moreover, as tourist activity increases, the sales of the outdoor furniture market are increasing in the region, assisting in growing the market share commercial segment of the outdoor furniture market in the region.
Major vendors in the global outdoor furniture and kitchen market Century Furniture LLC, Gloster Furniture GmbH, Herman Miller, Inc., Inter IKEA Systems B.V., Keter Group, Lloyd Flanders, Inc., Manutti NV, Poly-Wood, LLC, Royal Botania NV, Trex Company, Inc., Tuuci LLC, Yotrio Group Co., Ltd., and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the outdoor furniture and kitchen market based on the below-mentioned segments:
Global Outdoor Furniture and Kitchen Market, By Product Type
- Seating Sets
- Dining Sets
- Cooking Appliances
- Storage Units
- Others
Global Outdoor Furniture and Kitchen Market, By Material
- Wood
- Metal
- Plastic
- Others
Global Outdoor Furniture and Kitchen Market, By End-User
- Residential
- Commercial
Global Outdoor Furniture and Kitchen Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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