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Asia Pacific Outdoor Furniture Market Forecast 2027 By Material (Wood, Metal, Plastic, Textile), By Product (Chairs, Tables, Seating Sets, Dining Sets, Loungers & Day Beds), By Application (Residential, Commercial), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: May 2021 | Publisher: Graphical Research Report ID: GR1835 | Delivery : PDF  Request Free Sample

Asia Pacific Outdoor Furniture Market size crossed USD 2.94 billion in 2020 and is projected to witness over 6.5% CAGR from 2021 to 2027. Strong growth in the construction industry coupled with improved consumer spending is a major factor driving the market revenue. The increasing number of homeowners in countries including China, Japan, and India are primarily augmenting the demand for outdoor furniture products.

An attractive garden designing improves the compatibility to match up aesthetic items with chairs, lounges, tables, and other accessories, enhancing garden spaces and propelling market penetration. Additionally, improving consumer spending and increase in traveling trends are projected to increase the number of tourists. These trends are mainly observed in coastal areas, hill stations, and places with rich cultural & historical heritage, boosting the market expansion.

Changing consumer preferences toward residential private houses and commercial buildings are fueling the attractive garden furniture industry. The residential sector growth is mainly credited to the improved demand for building constructions. The key selling point of housing projects includes attractive outdoor gardens and well-developed green lawns that enhance the house or building cost. Furthermore, rapid urbanization along with the rising urban population in developing countries is strongly influencing lifestyle patterns. The rising urban population has improved the construction of private residential buildings from rural and semi-urban cities.

Asia Pacific Market, By Material

Asia Pacific Outdoor Furniture Market

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The wood segment accounted for 44% Asia Pacific outdoor furniture market share in 2020. Wooden furniture is the most preferred material compared to its counterparts. The preference is due to its natural appearances and exceptionally attractive designs that glorify the outdoor furniture product portfolio. Redwood, mahogany, teak, pine, cedar, eucalyptus, and composite materials are widely used for furniture making.

Furthermore, coating with a wooden primer and varnishing enhances the natural finishing of teak, redwood, and other raw woods. Wooden furniture is an expensive option owing to stringent regulations on wood cutting and deforestation in several regions, affecting its final pricing. Additionally, stainless steel, aluminum, galvanized steel, and other metal are commonly used in making and designing outdoor furniture.

Asia Pacific Market, By Application

Asia Pacific Outdoor Furniture Market

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The surging demand for garden spaces in the residential sector due to rapid urbanization in Asia Pacific countries is propelling the industry share. Residential spaces including backyards, balconies, and outer places improve the demand for outer relaxing components. Additionally, increasing tourism and travel trends in several countries have improved travelers, tourists, and visitors. Premium & moderate hotels, cafes, restaurants, and beaches are key attraction points for visitors in the countries. The growing trend of open areas in cafes and restaurants is resulting in frequent consumer visits, which is also due to attractive furniture.

Competitive Industry Landscape

Outdoor furniture manufacturers are constantly expanding their product range with innovative designs and functionalities. Major companies operating in the market are Haworth, Inc., Roda Srl, IKEA Ltd., Royal Botania NV, Outdoor's India, Trex Company, Hospitality Rattan, Zuo Modern, Keter Plastic, Tuuci, Formica Ltd., Klausner Group, Shouguang Bailing Wood Industry Co., Ltd., Linyi Haisen Wood Co., Ltd., Shouguang Sunrise Industry Co., Ltd., Linya Group, and Mr’Dream, among others.
 

Frequently Asked Question(FAQ) :

The market for outdoor furniture in Asia Pacific was valued at USD 2.94 billion in 2020 and will expand at a CAGR of 6.5% between 2021 and 2027.
Wood furniture recorded 44% of revenue share in 2020 and will register appreciable growth due to rising preference on account of its natural appearances and exceptionally attractive designs.
Residential sector will add substantial revenue to the APAC industry on account of the rising demand for garden spaces.
Leading participants in the market comprise Hospitality Rattan, Shouguang Sunrise Industry Co., Ltd., IKEA Ltd., Haworth, Inc., Klausner Group, Linya Group, and others.

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