Outdoor spaces have always been a perfect area for hosting parties and spending some quality time with family and friends.
In the last few years, people have almost rediscovered its utility. From backyards to balconies, from poolside areas to gardens, open-air spaces attached to properties have attracted more attention than ever.
For decorating these spaces and making them more useful, the use of patio furniture items has become a common way out. The top manufacturers for outdoor furniture in India are focusing on fashioning weather-resistant, urban-looking furniture using durable materials.
The global outdoor furniture market is booming. The market is expected to grow at a CAGR of 5.7% from 2023 to 2030. There are a number of factors driving the growth of the market, including the increasing popularity of outdoor living, the growing demand for sustainable furniture, and the rising disposable incomes of consumers in emerging markets.
Some of the key trends in the outdoor furniture market include:
- Modular furniture is becoming increasingly popular as it offers a flexible and affordable way to furnish outdoor spaces.
- Consumers are increasingly looking for sustainable furniture options, made from recycled materials or renewable resources.
- Outdoor dining sets are becoming increasingly popular as people spend more time outdoors.
- The hospitality industry is seeing a growing demand for outdoor furniture, as hotels and restaurants look to create more inviting outdoor spaces for guests.
The outdoor furniture market is expected to continue to grow in the coming years. The market is expected to be driven by the increasing popularity of outdoor living, the growing demand for sustainable furniture, and the rising disposable incomes of consumers in emerging markets.
The aggregate volume of the outdoor furniture market was $ 2104 Million in 2014. According to the latest forecast based on market surveys, this volume may reach an all-time high level of $2918 million within 2025.
From these figures, it is easy to interpret that the patio furniture market is currently experiencing a boom and good fortune is likely to stay by its side for quite some time.
Growth Trends Based on Furniture Items
According to market research, some outdoor furniture items are more in demand compared to others. For example, chairs, tables, loungers, stools, hammocks, sofas, etc., are the furniture items that are more in demand.
These are generally the furnishing items that take minimum space and offer maximum utility. For example, chairs and tables are essential to turn any outdoor space into an action hub. After all, can you imagine a poolside, garden space or terrace hosting a party without chairs, tables, and sofas? Versatility and functionality are the prime demands of the buyers today.
Be it the guests or the family members, everyone needs to sit down and enjoy at some point in time. In fact, to serve food and beverages, you will need tables for sure.
This is why you will always find a wide variety of these items available with any top suppliers in the hospitality industry.
Outdoor Furniture for Different Purposes
Another lateral that decides the overall growth of outdoor furniture manufacturing remains the widespread usage of these items for different purposes. Over the last few years, with a considerable shift in lifestyle, using outdoor spaces innovatively has become more common.
Of late, several restaurants, cafeterias, houses, resorts, and hotels have turned their garden, terrace, and poolside areas into activity hubs. The first step towards such a revamping remains accommodating appropriate patio furniture items.
On the other hand, resorts and hotels use large loungers, dining sets, sofas etc. more fitting for their purposes. Some hotels and resorts also opt for Gazebos and Cabanas to turn their outdoor areas into celebration venues.
Similarly, for poolside areas, comfortable loungers and small round tables with chairs are the best choices. In short, demand for all types of patio furniture items has increased. Therefore, reputed wicker furniture manufacturers in India keep their assortment diverse.
Vetra is one of the most reputed wicker furniture accessories manufacturers in India. To make your outdoor spaces look warm and cosy, you can always accentuate the look of wicker furniture items by adding cushions, covers, rugs and more.
With wicker furniture items becoming widely used and popular with every passing day, it remains certain that the patio furniture industry will grow by leaps and bounds in future as well.