Hyderabad, July 04, 2023 (GLOBE NEWSWIRE) -- According to a new market research report titled “Europe Outdoor Furniture Market Report (2023-2028),” the market is estimated at USD 4.44 billion in 2023. It is expected to register a CAGR of 5.14% during the forecast period.
Financial spending on vacations and attachment to old-style homes and outdoor lawns/gardens are factors driving the demand for outdoor furniture in Europe. Outdoor spaces are utilized as extended living spaces. The European region also has a massive demand for sun and beach holidays, which further boosts the market. Along with this, the inclination toward new construction is also expected to raise the demand for outdoor furniture, such as chairs and tables, boosting the industry's growth.
Report Summary:
| Report Attribute | Details |
| Market Size (2023) | USD 4.44 billion |
| Market Size (2028) | USD 5.70 billion |
| CAGR (2023-2028) | 5.14% |
| Study Period | 2018-2028 |
| Forecast Units | Value (USD billion) |
| Report Scope | Market Dynamics, Revenue Forecast and Segmentation, Competitive Landscape and Recent Developments, Market Growth, Future Opportunities, and Trends |
| Key Market Drivers | Massive demand for sun and beach holidays in Europe. |
| Inclination toward new construction. |
Who are the Top Companies in the Europe Outdoor Furniture Market?
The European outdoor furniture market has a competitive presence of several regional and global players. Regional players have an edge in supplying products in countless styles and designs.
The significant players holding the majority share in the European outdoor furniture market are:
- Cane line
- Alexander Rose
- DEDON GmbH
- Fischer Mobel GmbH
- IKEA
- Fermob
- EMU Group SpA
- Grosfillex
- Hartman
- Kettal
- Gloster
- Royal Botania
- Scancom International
- Sieger
Other Reports That Might Be of Your Interest:
- US Outdoor Furniture Market Report - The US outdoor furniture market size is expected to grow from USD 6.05 billion in 2023 to USD 7.88 billion by 2028, at a CAGR of 5.42% during the forecast period (2023-2028).
- Home Office Furniture Market Report - The global home office furniture market size is expected to grow from USD 21.12 billion in 2023 to USD 28.49 billion by 2028, at a CAGR of 6.17% during the forecast period (2023-2028).
Key Highlights from the Europe Outdoor Furniture Market Report:
Italy Held the Largest Share in the Production of Outdoor Furniture
- While France and the United Kingdom are expected to grow the fastest during the forecast period, Italy is anticipated to hold the largest market share with respect to the production of outdoor furniture.
- Countless opportunities await outdoor sales in Italy’s residential and contract segments. The market studied is expected to grow in line with Europe’s furniture market.
Market being Driven by Growth of Online Distribution Channels
- Owing to the growth in internet users, manufacturers are opting for a multi-channel approach, combining offline and online retail. Customers are also actively researching products online and comparing the cost of outdoor furniture.
- Nonetheless, most purchases take place in retail stores, such as garden centers. Here, customers can get the feel of the product and material and check their comfortability to get a better perception of color, size, and shape.
What are the Latest Developments in the Europe Outdoor Furniture Market?
- In February 2022, opening the doors to its first high street store in Britain, IKEA announced investing EUR 1 billion in London over three years.
- In June 2022, Poltrona Frau, an Italy-based establishment, added new products to its outdoor furniture portfolio titled “Boundless Living Collection.” It includes products that can offer durability during all seasons. These products are specifically designed for boat decks, residential back gardens, and bar terraces.
Mordor Intelligence has Segmented the European Outdoor Furniture Market Based on Material, Products, End-user, Distribution Channel, and Country:
- By Material (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Wood
- Metal
- Plastic
- Other Materials
- By Products (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Chair
- Tables
- Seating sets
- Loungers and Daybeds
- Dining Sets
- Other Products
- By End-user (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Commercial
- Residential
- By Distribution Channel
- Multi-Brand Stores
- Specialty Stores
- Online
- Other Distribution Channels
- By Country (Market Size and Forecast based on Value (USD billion), 2018-2028)
- Germany
- United Kingdom
- France
- Italy
- Rest of Europe
In a nutshell, the Mordor Intelligence market research report is a must-read for start-ups, industry players, investors, researchers, consultants, business strategists, and all those who are looking to understand this industry. Get a glance at the Europe Outdoor Furniture Market Report (2023-2028).
Mordor Intelligence constantly tracks industry trends. Some relevant market reports from the analysts that might be of interest to you:
- Mexico Home Furniture Market Report - The Mexico home furniture market size is expected to grow from USD 1.68 billion in 2023 to USD 2.16 billion by 2028 at a CAGR of 5.17% during the forecast period (2023-2028).
- Australia Office Furniture Market Report – The Australian office furniture market size is expected to grow from USD 2.38 billion in 2023 to USD 2.83 billion by 2028, at a CAGR of 3.54% during the forecast period (2023-2028).
- Furniture Market Report - The furniture market generated USD 652 billion in the current year and is poised to achieve a CAGR of 5.5% for the forecast period.
About Mordor Intelligence:
Mordor Intelligence is a market intelligence and advisory firm. At Mordor Intelligence, we believe in predicting butterfly effects that have the potential to change or significantly impact market dynamics.
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