The global outdoor furniture market size was valued at USD 16.8 billion in 2018 and is anticipated to expand at a CAGR of 5.9% over the forecast period. The growing real estate industry and the urban population are the key factors driving the market. Moreover, increasing per capita and disposable income plays an important in fueling industry growth. Furthermore, improved consumer spending power and a growing trend of traveling have resulted in increasing tourists across the world. The trends can be observed mainly in seaside areas, hill stations, and other monumental places. This, in turn, leads to an increasing number of hotels, resorts, public gardens, and open spaces, thereby propelling the demand for outdoor furniture. The usage of outdoor furniture is increasing at a faster rate in the commercial sector. The growing trends of traveling, exploration of new places, and changing lifestyles are the key factors boosting the growth of the sector.
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