Outdoor Furniture - China

China

In China, the revenue generated in the Outdoor Furniture market is projected to reach €4.27bn in 2024.
It is anticipated that the market will experience an annual growth rate of 9.72% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to €17,110m in 2024.
Considering the total population, per person revenues of €2.98 are expected in 2024.
Chinese consumers are increasingly seeking out high-quality, durable outdoor furniture options to enhance their outdoor living spaces.

Key regions: Brazil, China, France, India, Germany

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Outdoor Furniture market in China has been experiencing significant growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Outdoor Furniture market in China have shifted towards more modern and stylish designs. Consumers are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their outdoor spaces. This has led to a rise in demand for sleek, minimalist designs that blend well with contemporary outdoor settings. Additionally, there is a growing preference for furniture made from sustainable materials, as Chinese consumers become more environmentally conscious. Trends in the market indicate a shift towards multifunctional outdoor furniture. Chinese consumers are increasingly looking for furniture that can serve multiple purposes, such as outdoor sofas that can be converted into beds or dining tables that can be extended to accommodate larger gatherings. This trend is driven by the desire for flexibility and practicality in outdoor spaces, especially in urban areas where space is limited. Another trend in the Outdoor Furniture market in China is the growing popularity of smart outdoor furniture. With the rise of smart home technology, consumers are now 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. Smart outdoor furniture not only enhances the overall outdoor experience but also offers convenience and ease of use.

Local special circumstances: in China, such as the rapid urbanization and the increasing popularity of outdoor activities, have also contributed to the growth of the Outdoor Furniture market. As more people move to cities and live in apartments or houses with limited outdoor spaces, there is a growing demand for compact and space-saving outdoor furniture. Additionally, the rise of outdoor activities such as barbecues, picnics, and outdoor parties has created a need for functional and comfortable outdoor furniture. Underlying macroeconomic factors, such as the rising disposable incomes and changing lifestyles of Chinese consumers, have also played a role in the growth of the Outdoor Furniture market. As the middle class continues to expand in China, more consumers have the means to invest in outdoor furniture and create outdoor living spaces. Furthermore, the increasing focus on health and wellness has led to a greater emphasis on outdoor living and the desire to create a relaxing and enjoyable outdoor environment. In conclusion, the Outdoor Furniture market in China is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern and stylish designs, the demand for multifunctional and smart outdoor furniture, the rapid urbanization and the popularity of outdoor activities, as well as the rising disposable incomes and changing lifestyles of Chinese consumers, are all contributing to the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.