In open or semi open outdoor spaces, a series of indoor furniture appliances are set up to facilitate people's healthy, comfortable, and efficient public outdoor activities. They mainly include four categories of products: urban public outdoor furniture, courtyard outdoor leisure furniture, commercial outdoor furniture, and portable outdoor furniture.
In recent years, against the backdrop of global economic recovery, the demand for outdoor furniture in the global market will continue to develop in the coming years.
The outdoor furniture industry will present a diversified development pattern, with more abundant products, further increased industry and brand clustering, further highlighting regional characteristics, and rapid growth in product trade.
According to our statistics and predictions, the global outdoor furniture market sales reached $22685.9 million in 2023, and are expected to reach $26751.13 million in 2029, with a compound annual growth rate (CAGR) of 2.79%.
At the regional level, the Chinese market has undergone rapid changes in the past few years. In 2023, the market size was $1288.34 million, accounting for approximately 5.68% of the global market. It is expected to reach $2368.08 million by 2029, with a global market share of 8.85%.
China has become the world's largest producer and exporter of outdoor furniture. The production of outdoor furniture in China in 2022 is 268653.7 thousand pieces. The development prospects of the outdoor furniture industry will continue to improve in the coming years, and it is expected that the overall output will exceed 406369.9 thousand pieces by 2029.
On the other hand, the outdoor furniture industry in China will also further develop. According to research by Hengzhou Bozhi, it is predicted that the size of China's outdoor furniture consumption market will reach 1288.34 million US dollars in 2023, 2368.08 million US dollars in 2029, and a compound annual growth rate of 10.68% from 2023 to 2029.
In terms of consumption, North America is currently the world's largest consumer market, with a market share of 51.96% in 2023, followed by Europe and China with 31.17% and 5.68% respectively. It is expected that China will experience the fastest growth in the coming years, with a CAGR of approximately 10.68% from 2023 to 2029.
From a production perspective, China's important production regions will hold 69.49% of the market share in 2023. It is expected that Southeast Asia will maintain the fastest growth rate in the coming years, and the market share is expected to reach 10.68% in 2029.
From the perspective of product types, dining tables and chairs play an important role, with an expected market share of 41.04% by 2029. In terms of application, the market share of online sales is expected to be approximately 27.48% in 2022, with a CAGR of approximately 6.39% in the coming years.
In the outdoor furniture industry, outdoor furniture is a business intensive production field, ranging from raw materials to technology and equipment to finished products. In this environment, outdoor furniture companies need to continue to differentiate themselves from competitors by continuously improving their service experience, innovating their products, and being alert to customer needs.
The world's major outdoor furniture manufacturers include Zhejiang Yongqiang, Zhejiang Taiposen, Xishan Furniture Group, Hangzhou Zhongyi Industrial Co., Ltd., Jisheng Group, Qingdao Kesheng Hongda, Zhejiang Zhengte, Hangao Outdoor Furniture Company, Guangzhou Yadi Industrial, Linya Group, and Shandong Taipeng Intelligent.