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Luxury Outdoor Furniture Market

Luxury Outdoor Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2019 - 2027

Outdoor furniture, also known as garden furniture or patio furniture, is specifically designed for outdoor decoration of house or building. Weather resistant materials such as aluminum, and plastic are used in the manufacturing of outdoor furniture.

Outdoor furniture includes chairs, tables, seating sets, dining sets, and loungers & daybeds. It comes in several attractive designs and styles. Growing urbanization and rising disposable income are major drivers of the luxury outdoor furniture market. However, increase in concern about deforestation and its impact on the environment as well as use of toxic chemicals while making the furniture are likely to shift consumer preference toward eco-friendly products. This can hamper the market. The expansion of service sector has fueled the demand for luxury outdoor furniture. Furthermore, change in lifestyle and boost in disposable income are fueling demand for outdoor furniture in the residential segment. Moreover, an increase in number of hotels and cafes is anticipated to influence the luxury outdoor market positively in the next few years. Europe and North America dominated the luxury outdoor furniture market owing to high income and more emphasis on outdoor décor. 

Global Luxury Outdoor Furniture Market: Competitive Landscape 

Several regional and global players companies operate in the luxury outdoor furniture market. Leading market players are focusing on further innovation in their products and business expansion in order to boost their market share.

  • In May 2019, Williams-Sonoma, Inc., a retailer of home furniture has announced its partnership with Golden State Warriors, Chase Center. As per this partnership agreement, Williams-Sonoma will be official furniture and home design partner of the Warriors.
  • Consumers are preferring eco-friendly products due to rise in awareness about the negative impact of deforestation and toxic chemicals used in furniture manufacturing. Furthermore, companies are aiming to reduce their carbon footprints and offer eco-friendly, green alternatives. 

Linya Group Co., Ltd

Linya Group Co., Ltd was founded in 1996 in Zhejiang Province, China. Company’s portfolio includes chairs, tables, swings, umbrellas, and gazebos. Linya has around 5000 employees. The company exports its products across Europe, Japan and US. 

Inter IKEA Systems B.V.

Inter IKEA Systems B.V. was established in 1943. The company has around 200,000 employees. It sells furniture products for household and commercial usage. The company has around 422 stores across 50 countries. Inter IKEA Systems B.V. has commissioned IKEA of Sweden AB, in Älmhult, Sweden, to manufacture the IKEA product range.   

Yotrio Corporation

Yotrio Corporation was founded in 1990. It is listed on Shenzhen stock market. The company is located in Los Angeles, CA, U.S. It works as a part of Yotrio Group Co., Ltd, manufacturer of outdoor furniture in China. The company has sales headquarters located in Los Angeles, California, U.S. and Toronto, Canada. 

Some of the international and domestic players operating in the luxury outdoor furniture market include Duresta, Brown Jordan International, Agio International Company, LTD, Kettal, keter, Fischer Möbel GmbH, and Brown Jordan International. 

Luxury Outdoor Furniture Market: Dynamics 

Change in lifestyle and improvement in standard of living of consumers

Rise in disposable income of people across the globe has influenced the lifestyle of people. Change in lifestyle and improvement in the standard of living of people due to the growing urbanization are expected to drive the luxury outdoor furniture market during the forecast period. 

Expansion of online marketing and selling platforms

Online platforms such as e-commerce sites offer a great opportunity for manufacturers to cater to diverse customers across different regions. The manufacturer is expanding its market through online platforms which helps them to reach consumers in various regions. Growing Interaction between manufacturers and final customer is expected to grow through new devices and social media in the next few years. 

Luxury Outdoor Furniture Market: Segmentation 

The luxury outdoor furniture market can be segmented on the basis of:

  • Material
  • End-user
  • Distribution Channel
  • Region 

Luxury Outdoor Furniture Market Segmentation – By Material:

Based on material, the luxury outdoor furniture market can be divided into:

  • Wood
  • Metal
  • Plastic
  • Others (Glass, Leather etc.) 

Luxury Outdoor Furniture Market Segmentation – By End-user:

In terms of end-user, the luxury outdoor furniture market can be bifurcated into:

  • Residential
  • Commercial 

Luxury Outdoor Furniture Market Segmentation – By Distribution Channel:

Based on distribution channel, the luxury outdoor furniture market can be classified into:

  • Online
  • Offline
    • Hypermarkets/ Supermarkets
    • Specialty Stores 

The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.

The study is a source of reliable data on:

  • Market segments and sub-segments
  • Market trends and dynamics
  • Supply and demand
  • Market size
  • Current trends/opportunities/challenges
  • Competitive landscape
  • Technological breakthroughs
  • Value chain and stakeholder analysis

The regional analysis covers:

  • North America (U.S. and Canada)
  • Latin America (Mexico, Brazil, Peru, Chile, and others)
  • Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
  • Eastern Europe (Poland and Russia)
  • Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
  • Middle East and Africa (GCC, Southern Africa, and North Africa)

The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.

Highlights of the report:

  • A complete backdrop analysis, which includes an assessment of the parent market
  • Important changes in market dynamics
  • Market segmentation up to the second or third level
  • Historical, current, and projected size of the market from the standpoint of both value and volume
  • Reporting and evaluation of recent industry developments
  • Market shares and strategies of key players
  • Emerging niche segments and regional markets
  • An objective assessment of the trajectory of the market
  • Recommendations to companies for strengthening their foothold in the market   

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

Luxury Outdoor Furniture Market

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