Luxury Outdoor Furniture Market: Current Growth Scenario and Future Trends Analysis by 2028

As per the TechSci Research report titled "Global Luxury Outdoor Furniture Market - Industry Size, Share, Trends, Competition Forecast & Opportunities, 2028," the Global Luxury Outdoor Furniture Market recorded a value of USD 1.76 billion in 2022 and is projected to expand at a Compound Annual Growth Rate (CAGR) of 4.2% during the forecast period from 2024 to 2028. The global luxury outdoor furniture market is a vibrant and flourishing industry that has witnessed substantial growth in recent times, encompassing a diverse array of outdoor furniture products designed to elevate the comfort and aesthetics of outdoor spaces.

The luxury outdoor furniture market has observed remarkable growth in recent years, propelled by various factors. Foremost among them is the increase in disposable incomes of consumers globally, rendering luxury outdoor furniture more attainable. With growing economies, a significant number of individuals and households now have the means to invest in top-notch outdoor furniture that combines functionality with aesthetic appeal. The demand for outdoor spaces that reflect personal style and offer a comfortable retreat has resulted in an upsurge in the desire for luxury outdoor furniture.

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The global luxury outdoor furniture market has also experienced positive impacts from advancements in materials and design. Manufacturers have been exploring innovative materials that provide weather resistance and durability while maintaining a luxurious appearance and feel. This exploration has led to the development of outdoor furniture pieces capable of withstanding the elements without compromising on style and comfort. Additionally, contemporary design trends have emphasized clean lines, sleek profiles, and a seamless integration of indoor and outdoor aesthetics. Luxury outdoor furniture has adapted to these trends, presenting a diverse range of designs that accommodate various tastes and preferences.

Furthermore, technology is leaving its imprint on the luxury outdoor furniture market. The rising popularity of smart outdoor furniture, equipped with integrated lighting, heating, and sound systems, is noteworthy. This tech-savvy approach enables consumers to craft sophisticated and comfortable outdoor spaces that can be remotely controlled through smartphones or other devices.

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The global luxury outdoor furniture market is categorized by material, end-use, region, and company.

In terms of material, the metal segment stands out as the leading player in the market. This dominance is attributed to the durability and resilience of metal materials in outdoor settings. Luxury outdoor furniture is expected to endure diverse weather conditions, and metals like aluminum, stainless steel, and wrought iron provide exceptional resistance to rust, corrosion, and degradation, ensuring the longevity of both aesthetics and functionality.

Geographically, North America holds a significant share in the global luxury outdoor furniture market. The culture of outdoor living is deeply rooted in North America, driven by the continent's diverse climate that encourages outdoor activities. This cultural inclination is evident in the demand for luxury outdoor furniture, as consumers aspire to create comfortable and visually appealing outdoor spaces for relaxation, dining, and socializing.

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·         Luxury Outdoor Furniture Market is expected to grow at a CAGR of 4.2% during the forecast period.

·         Luxury Outdoor Furniture Market has a valuation of US$ 1.76 Billion as of 2022.

·         North America currently holds the title of the largest market for Luxury Outdoor Furniture.

·         This culture of outdoor living fuels the demand for top-tier outdoor furniture, driving the growth of the luxury segment in the market.

·         Asia Pacific is projected to witness the fastest growth in the Luxury Outdoor Furniture Market throughout the forecast period.

·         In terms of type, the cages segment claims the top spot in Luxury Outdoor Furniture Market share.

·         When considering the sales channel, the online retailers segment takes the lead in market share.

·         Focusing on the price range, the premium segment secures the highest market share in the Luxury Outdoor Furniture Market.

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With the provided market data in the Global Luxury Outdoor Furniture market report, Tech Sci Research provides customizations tailored to the specific requirements of a company. The report offers the following customization options: Top of Form

 

 

Recent Developments

·         In 2023, DEDON recently launched the Mbrace Collection, now accessible in India through Etreluxe. Crafted by Sebastian Herkner, this collection is widely acclaimed for its contemporary fusion of materials. Through the combination of teak, woven fiber, and an optional die-cast aluminum base, MBRACE has gained added distinctiveness and luxury. The inclusion of the aluminum base, available for wing chairs, armchairs, lounge chairs, and corresponding footstools, extends the visual language of the collection and introduces new possibilities. Herkner's objective was to design outdoor furniture that remains comfortable even in the off-season, eliminating the need for cushions.

·         In 2021, Visionnaire, the prestigious Italian luxury furniture brand, revealed a remarkable assortment of outdoor furniture at Furisalone, held in Milan in April 2021. The new Outdoor Collection highlights exquisite materials and ultra-chic designs, providing a fresh outlook on outdoor decor.

Major companies operating in Luxury Outdoor Furniture Market are:

Brown Jordan, Gloster, B&BItalia, Royal Botania, MANUTTI, Kettal Group, Woodard, EGO Paris, Tribù, RODA      

Market Segmentation for Luxury Outdoor Furniture Market

·         Luxury Outdoor Furniture Market, By Material:

o   Metal

o   Plastic

o   Wood

o   Glass

o   Leather   

·         Luxury Outdoor Furniture Market, By End-Use:

o   Domestic Use

o   Commercial Use                            

·         Luxury Outdoor Furniture Market, By Region:

o   North America

§  United States

§  Canada

§  Mexico

o   Europe

§  France

§  United Kingdom

§  Italy

§  Germany

§  Spain

o   Asia-Pacific

§  China

§  India

§  Japan

§  Australia

§  South Korea

o   South America

§  Brazil

§  Argentina

§  Colombia

o   Middle East & Africa

§  South Africa

§  Saudi Arabia

§  UAE

§  Turkey

§  Egypt

 

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Table of Content

1.    Introduction

1.1.  Product Overview

1.2.  Key Highlights of the Report

1.3.  Market Coverage

1.4.  Market Segments Covered

1.5.  Research Tenure Considered

2.    Research Methodology

2.1.  Objective of the Study

2.2.  Baseline Methodology

2.3.  Key Industry Partners

2.4.  Major Association and Secondary Sources

2.5.  Forecasting Methodology

2.6.  Data Triangulation & Validation

2.7.  Assumptions and Limitations

3.    Executive Summary

3.1.  Market Overview

3.2.  Market Forecast

3.3.  Key Regions

3.4.  Key Segments

4.    Voice of Customer

4.1.  Factors Influencing Purchase Decision

4.2.  Challenges Faced Post Purchase

4.3.  Brand Awareness

5.    Global Luxury Outdoor Furniture Market Outlook

5.1.  Market Size & Forecast

5.1.1.    By Value

5.2.  Market Share & Forecast 

5.2.1.    By Material Market Share Analysis (Metal, Plastic, Wood, Glass, Leather)

5.2.2.    By End-Use Market Share Analysis (Domestic Use and Commercial Use)

5.2.3.    By Regional Market Share Analysis

5.2.3.1.        North America Market Share Analysis

5.2.3.2.        South America Market Share Analysis

5.2.3.3.        Middle East & Africa Market Share Analysis

5.2.3.4.        Europe Market Share Analysis

5.2.3.5.        Asia-Pacific Market Share Analysis

5.2.4.    By Top 5 Companies Market Share Analysis, Others (2022)

5.3.  Global Luxury Outdoor Furniture Market Mapping & Opportunity Assessment

5.3.1.    By Material Market Mapping & Opportunity Assessment

5.3.2.    By End-Use Market Mapping & Opportunity Assessment

5.3.3.    By Region Channel Market Mapping & Opportunity Assessment

6.    North America Luxury Outdoor Furniture Market Outlook

6.1.  Market Size & Forecast      

6.1.1.    By Value

6.2.  Market Share & Forecast

6.2.1.    By Material Market Share Analysis

6.2.2.    By End-Use Market Share Analysis

6.3.  North America: Country Analysis

6.3.1.    United States Luxury Outdoor Furniture Market Outlook

6.3.1.1.        Market Size & Forecast

6.3.1.1.1.           By Value

6.3.1.2.        Market Share & Forecast

6.3.1.2.1.           By Material Market Share Analysis

6.3.1.2.2.           By End-Use Market Share Analysis

6.3.2.    Canada Luxury Outdoor Furniture Market Outlook

6.3.2.1.        Market Size & Forecast

6.3.2.1.1.           By Value

6.3.2.2.        Market Share & Forecast

6.3.2.2.1.           By Material Market Share Analysis

6.3.2.2.2.           By End-Use Market Share Analysis

6.3.3.    Mexico Luxury Outdoor Furniture Market Outlook

6.3.3.1.        Market Size & Forecast

6.3.3.1.1.           By Value

6.3.3.2.        Market Share & Forecast

6.3.3.2.1.           By Material Market Share Analysis

6.3.3.2.2.           By End-Use Market Share Analysis

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