The global Outdoor Furniture and Grill Market Growth Accelerated by Rising Consumer Preference for Outdoor Recreation

 

Outdoor furniture including seating sets, dining sets, and lounging equipment are used for relaxation and enjoyment in outdoor spaces such as patios, lawns, gardens and decks. These furniture enhance the outdoor spaces and provide comfort similar to indoor spaces. Grills are used for outdoor cooking and come in various fuel types including gas grills and charcoal grills. Rising consumer preference for spending leisure time with family and friends outdoors is driving the demand for these products in the global market.

The global Outdoor Furniture and Grill Market is estimated to be valued at US$52.53 billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

Growing interest of population in outdoor recreation has accelerated the demand for better outdoor spaces and amenities over the past few years. Consumers are actively investing in upgrading their outdoor areas to enhance experience of outdoor activities with families and friends. This has led grill and outdoor furniture manufacturers to launch innovative and premium product lines incorporating latest designs and convenience features. Introduction of smart grill technology that allows remote monitoring and control of cooking through mobile applications have gained popularity among tech-savvy consumers. Such innovation and product premiumization are expected to continue defining key trends in the outdoor furniture and grill market over the forecast period.

Segment Analysis

The global outdoor furniture and grill market is divided into outdoor furniture and outdoor grills. The outdoor furniture segment currently dominates the market and accounts for around 60% share. Outdoor furniture includes products such as chairs, tables, seating sets, dining sets, loungers & chaise, and bistro sets. The segment is expected to remain dominant during the forecast period due to the growing trend of spending leisure time outdoors and rising demand for comfortable and aesthetically pleasing furniture for outdoor use.

Key Takeaways

The global outdoor furniture and grill market is expected to witness high growth. The market is driven by rising urbanization, increasing disposable incomes, growing preference for outdoor living and grilling. The global Outdoor Furniture and Grill Market is estimated to be valued at US$52.53 billion in 2023 and is expected to exhibit a CAGR of 5.9% over the forecast period 2023 to 2030.

North America currently dominates the outdoor furniture and grill market due to high consumer spending on outdoor leisure products and advanced lifestyles in countries like the US and Canada. However, Asia-Pacific is projected to be the fastest-growing market during the forecast period owing to improving economic conditions, large population base and increasing spending power in developing countries like China and India.

Key players operating in the outdoor furniture and grill market are Home Depot, Lowe's, Walmart, Target, Dick's Sporting Goods, Ace Hardware, Crate and Barrel, Costco, IKEA, and Sam's Club.

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