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The Outdoor Furniture market in Spain is experiencing significant growth due to changing customer preferences and underlying macroeconomic factors.
Customer preferences: Customers in Spain are increasingly prioritizing outdoor living spaces, leading to a higher demand for outdoor furniture. This trend is driven by a desire for a more relaxed and comfortable lifestyle, as well as a growing interest in outdoor entertaining. Additionally, there is a rising awareness of the health benefits of spending time outdoors, which further fuels the demand for outdoor furniture.
Trends in the market: One of the major trends in the outdoor furniture market in Spain is the increasing popularity of multifunctional and space-saving furniture. With limited outdoor space in urban areas, customers are looking for furniture that can serve multiple purposes and be easily stored when not in use. This includes foldable tables and chairs, modular seating arrangements, and compact dining sets. Another trend is the use of sustainable and eco-friendly materials in outdoor furniture, as customers become more conscious of their environmental impact.
Local special circumstances: Spain's warm climate and outdoor-centric lifestyle make it an ideal market for outdoor furniture. The country's long summers and mild winters encourage people to spend more time outdoors, creating a strong demand for outdoor furniture. Additionally, Spain's rich cultural heritage and emphasis on outdoor dining and socializing contribute to the popularity of outdoor furniture.
Underlying macroeconomic factors: Spain's recovering economy and increasing disposable incomes are driving the growth of the outdoor furniture market. As the country emerges from the economic downturn, consumers have more confidence in their financial stability and are willing to invest in outdoor furniture to enhance their living spaces. Furthermore, the growing tourism industry in Spain also contributes to the demand for outdoor furniture, as hotels, resorts, and restaurants seek to create attractive outdoor spaces for their guests. In conclusion, the Outdoor Furniture market in Spain is experiencing growth due to changing customer preferences, such as a desire for outdoor living spaces and multifunctional furniture, as well as underlying macroeconomic factors, including a recovering economy and increasing disposable incomes. The country's warm climate, outdoor-centric lifestyle, and emphasis on outdoor socializing also contribute to the popularity of outdoor furniture in Spain.
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.Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 18:00 h (EST)
Lun - Ven, 9:00 - 17:00 h (SGT)
Lun - Ven, 10:00 - 18:00 h (JST)
Lun - Ven, 9:00 - 18:00 h (GMT)
Lun - Ven, 9:00 - 18:00 h (EST)