Europe Outdoor Furniture Market to Grow at a CAGR of 4.8% to reach US$ 7,340.34 million from 2020 to 2028

Europe Outdoor Furniture Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Material (Metal, Plastic, Wood, and Others), Product (Chairs, Tables, Seating Sets, Loungers & Daybeds, and Dining Sets), and End User (Residential and Commercial)

Publication Month : Oct 2021

  • Report Code : TIPRE00014149
  • Category : Consumer Goods
  • Status : Published
  • No. of Pages : 115
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The Europe outdoor furniture market was valued at US$ 5,101.88 million in 2020 and is projected to reach US$ 7,340.34 million by 2028; it is expected to grow at a CAGR of 4.8% from 2021 to 2028.

Outdoor furniture, such as chairs, tables, seating sets, dining sets, lounges, daybeds, and hammocks, are popular among residential and commercial customers. The outdoor furniture market has been witnessing substantial growth since the recent past which is due to high purchasing power of the consumer’s and traveling trends are increasing the number of tourists across Europe. Most of the tourists visit tourist spots, beach sides, and hill stations. Therefore, the number of motels, hotels, guest houses, resorts, open spaces, and public gardens is surging in such places. Hence, a growing number of hotels and restaurants is expected to propel the Europe outdoor furniture market during the forecast period. Moreover, the increasing financial capacity of consumers to spend on leisure activities is inducing the consumers to spend a higher amount on outdoor furniture in the residential sector. Several homeowners are mainly focusing on enhancing the garden or open areas or balcony appearance with aesthetically appealing sitting areas. Lounge chairs, seating sets, and tables are a few of the key products generating a substantial revenue in the outdoor furniture market in Europe.

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Europe Outdoor Furniture Market: Strategic Insights

europe-outdoor-furniture-market
Market Size Value inUS$ 5,101.88 million in 2020
Market Size Value byUS$ 7,340.34 million by 2028
Growth rateCAGR of 4.8% from 2021 to 2028.
Forecast Period2021-2028
Base Year2021
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Shejal

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In Europe, the UK, Russia, France, Spain, Italy, and Germany are the hardest-hit countries due to the COVID-19 pandemic. Initially, other member states implemented drastic measures and imposed travel restrictions by partially closing their borders, which adversely impacted the import and export of products. The shutdown of supermarkets and hypermarkets, and retail outlets in Europe due to the pandemic has had a negative impact on of the distribution of outdoor furniture. The gradual upliftment of lockdown restrictions in certain countries in Europe would facilitate the recovery of industries and logistics operations, which would have a positive impact on the outdoor furniture market in Europe. In addition, the reopening of retail outlets and supermarkets and hypermarkets is expected to increase the availability of outdoor furniture to the consumers, which would bolster the Europe outdoor furniture market in the coming years.

Market Insights  

Growing Preference for Aesthetic Furniture

Consumers are enhancing outdoor spaces and have developed preference toward aesthetic furniture. This has created a demand for advanced outdoor furniture with appealing designs and comfortable facilities in gardens, balconies, outside porches, or lounges areas. Renovations of old residential buildings along with new constructions have also propelled the demand for a better outdoor furniture facilities, such as table, chairs, or combination sets. Currently, consumers are looking for outdoor furniture that can offer comfort like indoor furniture, which has proliferated the demand for seating sets in the Europe outdoor garden furniture market. In addition, the usage of wood in the production of outdoor garden furniture has gained prominence due to the growing focus on sustainability and aesthetic appearance. Hence, the consumers are looking for inspiring design for outdoor furniture that exudes relaxation, luxury, and comfort. The manufacturers are strongly focused on developing furniture facilities that can incorporate appealing designs and advanced features, such as weather proofing along with resistance to insects, and crack proofing. For instance, the development of Japanese-inspired seating in outdoor facilities, such as modular sofas, is gaining traction across Europe.

Material-Based Insights

Based on material, the outdoor furniture market is segmented into wood, metal, plastic, and others. In 2020, the wood segment accounted for the largest market share. Wood is known as an organic material and a natural composite of cellulose fibers, which are quite strong in tension and embedded in a matrix of lignin that resists compression. Wood is utilized extensively for outdoor furniture, such as chairs and tables. Three most widely available and suitable exterior lumber choices are western red cedar, redwood, and cypress. Redwood has the most vibrant look for the highest price. As redwood and cedar splits easily, there is a need to pre-drill screw holes for fasteners.                                                             

Europe Outdoor Furniture Market, by Material – 2020 and 2028

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Product-Based Market Insights

Based on product, the Europe outdoor furniture market is segmented into chairs, tables, seating sets, loungers & daybeds, and dining sets. In 2020, the seating sets segment dominated the market. A combination of different shaped and designed tables with chairs or sofa with the center table is used in the garden, pool site, rooftop, and other outdoor spaces. In seating set, both the cushion and cushion free chairs are combined with tea or coffee table or a center table to give a proper match. Armchair, folding chair, and other types of chairs are combined with these types of tables to use in outdoor spaces. People nowadays prefer spending some time of a day in the open air, maybe in the garden, pool site, and on the rooftop with a cup of coffee or tea, to relax the mind from the daily hectic work schedule. Also, some people have an attraction toward luxurious and unique outdoor furniture. These factors are anticipated to fuel the growth of the Europe outdoor furniture market for seating sets segment in the coming years.

End User-Based Market Insights

Based on end user, the outdoor furniture market is bifurcated into residential and commercial. In 2020, the residential segment dominated the market. The trend of family gatherings, along with dinners in residential gardens, is anticipated to stimulate business development in the residential sector. Surge in aging population, high disposable incomes, and willingness to spend on luxury furniture are supporting the growth of the Europe outdoor furniture market for the residential segment. There is a rising preference for the sun and beach holiday. Traditional residential buildings coupled with the new constructed buildings, are boosting requirements for the outdoor furniture items, such as chairs, lounges, tables, and combination sets, which is strongly supporting the market growth. The outdoor furniture market mostly varies according to the material, products, and end-use type. The surging financial ability of consumers to spend on leisure and experiences is propelling the product portfolio in the residential sector.

A few of the key market players operating in the Europe outdoor furniture market are Ashley Home Stores Ltd., Alexander Rose, DEDON GmbH, Century Furniture LLC, Inter Ikea Systems B.V., Keter Group, and Polywood. Major players in the market are adopting strategies such as mergers and acquisitions and product launches to expand the geographic presence and consumer base. 

Report Spotlights

  • Progressive industry trends in the Europe outdoor furniture market that help players develop effective long-term strategies
  • Business growth strategies adopted by developed and developing markets
  • Quantitative analysis of the Europe outdoor furniture market from 2019 to 2028
  • Estimation of Europe outdoor furniture demand across various industries
  • PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry to predict market growth
  • Recent developments to understand the market competition in Europe
  • Market trends and outlook, coupled with factors driving and restraining the growth of the Europe outdoor furniture market
  • Decision-making process by understanding strategies that underpin commercial interest with regard to the Europe outdoor furniture market growth
  • Europe outdoor furniture market size at various nodes of market
  • Detailed overview and segmentation of the Europe outdoor furniture market, as well as its dynamics in the industry
  • Europe outdoor furniture market size in various regions with promising growth opportunities

Europe Outdoor Furniture Market, by Material

  • Wood
  • Metal
  • Plastic
  • Others

Europe Outdoor Furniture Market, by Product

  • Chairs
  • Tables
  • Seating Sets
  • Loungers and Daybeds
  • Dining Sets

Europe Outdoor Furniture Market, by End User

  • Residential
  • Commercial


Company Profiles

  • Ashley Home Stores, Ltd.
  • Alexander Rose
  • DEDON GmbH
  • Century Furniture LLC
  • Inter Ikea Systems B.V.
  • Keter Group
  • Polywood
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Material, Product, and End User (Residential, and Commercial

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

UK, Germany, France, Italy, Russia

The List of Companies - Europe Outdoor Furniture Market

  1. Ashley Home Stores, Ltd.
  2. Alexander Rose
  3. DEDON GmbH
  4. Century Furniture LLC
  5. Inter Ikea Systems B.V.
  6. Keter Group
  7. Polywood

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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