Key regions: United States, Worldwide, Germany, India, Denmark
The Outdoor Furniture market in Central & Western Europe is experiencing steady growth due to increasing customer preferences for outdoor living spaces and the rising popularity of outdoor activities.
Customer preferences: Customers in Central & Western Europe are increasingly valuing their outdoor living spaces and are willing to invest in high-quality outdoor furniture to create comfortable and stylish outdoor environments. The desire to extend living spaces beyond the confines of the home has led to an increased demand for outdoor furniture that is durable, weather-resistant, and aesthetically pleasing.
Trends in the market: One of the key trends in the Outdoor Furniture market in Central & Western Europe is the growing demand for multifunctional furniture. Customers are looking for outdoor furniture that can serve multiple purposes, such as dining sets that can also be used for lounging or storage solutions that can double as seating. This trend is driven by the need to maximize limited outdoor space and create versatile outdoor living areas. Another trend in the market is the increasing popularity of eco-friendly and sustainable outdoor furniture. Customers in Central & Western Europe are becoming more conscious of the environmental impact of their purchasing decisions and are seeking out furniture made from recycled or renewable materials. This trend is also influenced by a growing interest in natural and organic lifestyles, with customers preferring furniture that aligns with their values.
Local special circumstances: Central & Western Europe is home to a diverse range of climates, from the mild Mediterranean climate in Southern Europe to the colder and more variable weather in Northern Europe. This diversity in climate creates unique challenges for outdoor furniture manufacturers, who must design products that can withstand a wide range of weather conditions. As a result, there is a demand for outdoor furniture that is both durable and weather-resistant, with materials such as teak, aluminum, and synthetic wicker being popular choices.
Underlying macroeconomic factors: The Outdoor Furniture market in Central & Western Europe is also influenced by macroeconomic factors such as disposable income levels and consumer confidence. As the economy improves and disposable incomes rise, customers are more willing to invest in outdoor furniture and upgrade their outdoor living spaces. Additionally, high consumer confidence levels contribute to increased spending on non-essential items such as outdoor furniture. In conclusion, the Outdoor Furniture market in Central & Western Europe is driven by customer preferences for outdoor living spaces, with a focus on durability, versatility, and sustainability. The market is characterized by trends such as the demand for multifunctional furniture and eco-friendly materials. The diverse climates in the region also create unique challenges for outdoor furniture manufacturers. Overall, the market is expected to continue growing as disposable incomes rise and consumer confidence remains high.
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.
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