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The Outdoor Furniture market in Europe has been experiencing steady growth in recent years, driven by changing customer preferences and local special circumstances.
Customer preferences: Customers in Europe are increasingly valuing outdoor spaces as extensions of their homes, leading to a growing demand for outdoor furniture. With a focus on comfort and functionality, customers are looking for furniture that can withstand different weather conditions and provide a relaxing and enjoyable outdoor experience. Additionally, there is a rising trend towards eco-friendly and sustainable products, with customers seeking furniture made from recycled or renewable materials.
Trends in the market: One of the key trends in the European Outdoor Furniture market is the increasing popularity of multifunctional furniture. Customers are looking for versatile pieces that can serve multiple purposes, such as outdoor sofas that can be converted into beds or dining tables that can be extended to accommodate more guests. This trend is driven by the desire to maximize the use of limited outdoor space and create flexible and adaptable outdoor living areas. Another trend in the market is the growing demand for smart outdoor furniture. With the rise of smart home technology, customers are looking for outdoor furniture that can be connected to their smart devices and controlled remotely. This includes features such as built-in speakers, LED lighting, and temperature control systems. Smart outdoor furniture not only enhances the overall outdoor experience but also adds a touch of convenience and luxury.
Local special circumstances: The European market for outdoor furniture is influenced by the region's diverse climate conditions. Countries in Northern Europe, such as Sweden and Norway, have colder and longer winters, which require furniture that can withstand low temperatures and snowfall. On the other hand, countries in Southern Europe, such as Spain and Italy, have warmer climates, leading to a higher demand for furniture that is resistant to heat and UV rays. Furthermore, the outdoor culture and lifestyle vary across different European countries. In countries like France and Italy, outdoor dining and entertaining are deeply ingrained in the local culture, leading to a higher demand for outdoor dining sets and lounging furniture. In contrast, countries like Germany and the UK have a strong gardening and landscaping culture, resulting in a higher demand for outdoor furniture that complements the overall garden design.
Underlying macroeconomic factors: The growth of the Outdoor Furniture market in Europe is also influenced by underlying macroeconomic factors. The steady economic growth in the region has led to increased disposable income, allowing consumers to spend more on outdoor furniture. Additionally, the growing trend of staycations and outdoor leisure activities has further boosted the demand for outdoor furniture, as people are investing in creating comfortable and inviting outdoor spaces at home. Furthermore, the increasing focus on sustainability and environmental consciousness in Europe has led to a shift towards eco-friendly and locally sourced products. This has prompted manufacturers to adopt sustainable practices and offer furniture made from recycled or renewable materials. The emphasis on sustainability not only aligns with customer preferences but also reflects the broader societal and environmental concerns in Europe. In conclusion, the Outdoor Furniture market in Europe is witnessing growth due to changing customer preferences, including a focus on comfort, functionality, and sustainability. The market is also influenced by local special circumstances, such as climate conditions and cultural differences in outdoor lifestyle. The underlying macroeconomic factors, such as economic growth and environmental consciousness, further contribute to the development of the market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments are not specific to any room.Modeling approach / Market size:
Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.Forecasts:
In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.Additional Notes:
The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.Lu - vi, 9:30 - 17:00 h (CET)
Lu - vi, 9:00 - 18:00 h (EST)
Lu - vi, 9:00 - 17:00 h (SGT)
Lu - vi, 10:00 - 18:00 h (JST)
Lu - vi, 9:30 - 17:00 h (GMT)
Lu - vi, 9:00am-6:00pm (EST)