U.S. Outdoor Furniture Market - Focused Insights 2023-2028

The U.S. outdoor furniture market was valued at USD 9.30 billion in 2022 and is expected to reach USD 12.83 billion by 2028, growing at a CAGR of 5.51% during the forecast period. The trend of buying lightweight furniture for balconies, terrace areas, and camping activities is rising across the US. Increasing the demand for lightweight outdoor furniture, the manufacturers are offering plastic, metal, and wicker-based furniture in the US market. This report provides a comprehensive and current U.S. outdoor furniture market scenario, including the market size, anticipated market forecast, relevant segmentations, and industry trends.

The study considers a detailed scenario of the present outdoor furniture market and its market dynamics for 2023−2028 in the US. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.

The outdoor furniture is also called patio furniture. Outdoor furniture is a type of furniture specifically designed for outdoor use. The market is segmented into wood, metal, plastic, and other materials. A wide range of outdoor furniture is available in the U.S. market. In this market, the consumers are asking for furniture as per their family size and availability of outdoor space. Wooden materials' insect-repellent and water-proof properties, such as teak, cedar, mahogany, acacia, etc., find wide usage in upholstery and crafting. Consumer preference is rising for furniture that is suitable for the changing climate. The outdoor furniture selection depends on the home and outdoor space matches. Demand for high-quality and low-maintenance outdoor furniture is gaining traction in this market.

KEY HIGHLIGHTS

·     The U.S. outdoor furniture market is growing significantly due to growing demand for lightweight furniture, rising consumer preference for stylish outdoor furniture, increasing demand for durable & weather-resistant furniture, growing demand for furniture for small spaces, growing demand for sustainable furniture, rise in home improvement projects, growing demand for outdoor furniture in the hospitality industry, and increasing popularity of outdoor recreational activities.

·     Demand for sustainable and eco-friendly outdoor furniture is gaining traction in the U.S. market. Demand for it from the residential sector is rising significantly in the region.

·     The consumer preference for lightweight plastic furniture is rising in the regional market as it is easy to move and carry anywhere, driving demand during the forecast period.

·     Ashley Furniture Industries Inc., Berkshire Hathaway Inc., Brown Jordan Inc., Inter Interogo Foundation, Home Depot Product Authority LLC, and Williams-Sonoma, Inc. are the leading players in the U.S. outdoor furniture market, with a strong market penetration. Vendors such as Agio International Company, LTD, Sunset West USA, Gabriella White LLC, Lloyd Flanders, Inc., Century Furniture LLC., HNI Corporation, Herman Miller Inc., Lowe's Companies Inc., The Prestwick Companies, Castelle, Mallin Casual Furniture, Woodard Furniture, and many others are the prominent players in the market with a noteworthy presence.

·     The hospitality industry's demand for outdoor seating sets and loungers is rising. With the consumer preference for a comfortable and fresh environment for waiting areas, demand for outdoor furniture is expected to grow during the forecast period.

·     Most companies sell their products through their own websites and third-party websites. With the increasing adoption of online shopping, the demand for outdoor furniture will increase significantly through online stores during the forecast period.

·     Wood is the most popular material in the outdoor furniture market, followed by metal and plastic. Wicker-based outdoor furniture is gaining traction in the U.S. outdoor furniture market, as it is lightweight and weather-resistant.