Outdoor Furniture - Romania

Romania

In Romania, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$73.92m.
It is projected that the market will experience an annual growth rate of 5.14% (CAGR 2024-2029).
When compared to global figures, in the United States generates the highest revenue in this segment, reaching US$18,450m in 2024.
In terms of per capita revenue, in 2024, each person in Romania contributes US$3.77 to the total revenue.
The demand for outdoor furniture in Romania is growing steadily, driven by the increasing popularity of outdoor living spaces and the country's favorable climate.

Key regions: United States, Worldwide, Germany, India, Denmark

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Analyst Opinion

The Outdoor Furniture market in Romania has been experiencing significant growth in recent years. Customer preferences for outdoor living spaces and the desire to create comfortable and stylish outdoor environments have been driving this growth. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market.

Customer preferences: in Romania have shifted towards spending more time outdoors and creating inviting outdoor spaces. This has led to an increased demand for outdoor furniture that is both functional and aesthetically pleasing. Customers are looking for durable and weather-resistant furniture that can withstand the elements and provide comfort for outdoor activities such as dining, lounging, and entertaining. Additionally, there is a growing trend towards eco-friendly and sustainable outdoor furniture options, as customers are becoming more conscious of their environmental impact. Trends in the market include the popularity of modular outdoor furniture sets that can be easily rearranged to fit different outdoor spaces and accommodate various activities. This flexibility appeals to customers who value versatility and adaptability in their outdoor furniture. Another trend is the use of natural materials such as teak, rattan, and wicker, which provide a rustic and organic look to outdoor spaces. Customers are also gravitating towards furniture with minimalist designs and clean lines, as it complements modern outdoor aesthetics.

Local special circumstances: in Romania, such as the country's climate and outdoor culture, have also contributed to the growth of the Outdoor Furniture market. Romania has a temperate-continental climate, with warm summers and cold winters. This climate encourages outdoor activities during the summer months, leading to a higher demand for outdoor furniture. Additionally, the country's rich cultural heritage and tradition of outdoor gatherings and socializing have fostered a strong outdoor culture, further driving the market for outdoor furniture.

Underlying macroeconomic factors: such as rising disposable incomes and increasing urbanization, have also played a role in the development of the Outdoor Furniture market in Romania. As the economy has grown, consumers have more purchasing power to invest in outdoor furniture and create their ideal outdoor living spaces. Urbanization has led to smaller living spaces, prompting people to maximize their outdoor areas and transform them into functional and comfortable extensions of their homes. These factors have created a favorable market environment for the Outdoor Furniture industry in Romania. Overall, the Outdoor Furniture market in Romania is experiencing growth due to customer preferences for outdoor living spaces, local special circumstances that encourage outdoor activities, and underlying macroeconomic factors that support consumer spending on outdoor furniture. As these trends and factors continue to shape the market, it is expected that the Outdoor Furniture industry in Romania will continue to thrive in the coming years.

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 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.