Key Market Overview:
Outdoor Benches Market size was valued at USD 7,211.16 Million in 2021, registering a CAGR of 5.4% during the forecast period (2022-2030), and the market is projected to be worth USD 11,137.63 Million by 2030.
Outdoor benches are primarily made of metals, wood, resins, and plastic. They offer multiple characteristics including high strength, and durability, along with resistance to weather, impact, abrasion, and other similar characteristics. They are generally planned as climate safe by utilizing materials like rustproof aluminium. Additionally, outdoor benches offer versatile seating options while also adding a decorative viewpoint to the outdoor spaces including gardens, lawns, patios, outdoor dining areas, and other open spaces. These features of outdoor benches are the key determinants for increasing their usage in the residential and commercial sectors.
The factors such as the increasing installation of outdoor benches in gardens, patios, and backyards of residential buildings are driving the growth of the market. Similarly, the rising use of outdoor benches in open areas of commercial buildings including restaurants, hotels, resorts, bars, and more is a significant factor promoting the growth of the market.
Market Dynamics:
Driver:
Construction activities plays a significant role in increasing the overall economy of a country. The factors such as urbanization and rapid pace of development to aid the economic growth of the countries are driving commercial construction activities in the ASEAN, North America, and Latin American regions.
Additionally, the increasing adoption of outdoor furniture including outdoor benches in commercial buildings such as restaurants, hotels, resorts, bars, and other similar spaces will further boost the growth of the market. Outdoor benches add charm to an outdoor space in commercial buildings. Outdoor benches can be placed anywhere in gardens, parks, or outdoor settings built in commercial areas, which allows a versatile seating option while also enhancing the visual appeal of outdoor space in commercial buildings. These are the primary factors increasing the adoption of outdoor benches in the commercial sector.
For instance, In the second quarter of 2022, the construction of the Eight Office Tower commenced in the United States with an investment of USD 476 million. The project involves the construction of a 25-story office tower in Washington, which is scheduled to be completed in 2024. Similarly, another commercial construction project called Park Habitat Commercial Tower commenced in California, U.S. in 2022 with an investment of USD 250 million. The project involves the development of 111,484 square meters commercial tower. The project is expected to be completed in the third quarter of 2024.
Restraint:
The overall cost of benches is primarily dependent on the cost of production, followed by the cost of raw materials including aluminium, steel, plastic, resins, and more used in the manufacturing of benches. As a result, fluctuations in the prices of raw materials can affect the cost of outdoor benches, thereby confining the growth of the market.
For instance, the average price of aluminium in the U.S. reached USD 2,534 per metric ton on May 2021, which was the highest recorded price since 2018. Similarly, in March 2020, steel prices in U.S. fluctuated between USD 500 and USD 800. However, the price of steel in July 2021 increased over 100%, and reached up to USD 1,800.
Additionally, the fluctuating prices of crude oil have resulted in higher transportation costs of raw materials, logistics, and more, which is causing significant disruption in the supply chain. This is further expected to affect the cost of materials used in the production of outdoor benches.
For instance, Brent crude prices surged up to USD 139 per barrel in the mid of 2022 in the North American region. In December 2022, the Brent crude oil price in the U.S. reached USD 82.68 per barrel. According to the Alberta Energy Regulator, the average crude oil price in Canada is projected to reach USD 95 per barrel in 2022, weakening to USD 83.00 per barrel in 2023 and USD 77 per barrel in 2024.
COVID-19 Impact:
The COVID-19 pandemic and rise in cases had forced the governments across the ASEAN, North American and Latin American regions to shut their borders and cancel the trade with neighboring nations. In addition, an internal lockdown within the countries was declared, resulting in restrictions on movements. Meanwhile, a decline in the building & construction industry, which is the major end-user of outdoor benches, was also witnessed during the period. For instance, the building & construction sector in Indonesia declined by 4.5% in 2020. Similarly, the building & construction industry in Malaysia witnessed a decline of 8.8% in 2020. Additionally, residential construction in Canada decreased by 28% in 2020. The construction sector in Brazil also declined by 6.7% in during the first quarter of 2020. Meanwhile, commercial sectors including hotels, restaurants, cafeterias, and other similar public spaces were also shut down during the COVID-19 period. In relation to the building & construction sector, the use of outdoor benches had drastically reduced as residential and commercial buildings are significant end users of the market.
Outdoor Benches Report Coverage:
| Report Attributes | Report Details |
| Study Timeline | 2016-2030 |
| Market Size in 2030 (USD Million) | 11,137.63 million |
| CAGR (2022-2030) | 5.40% |
| By Bench Type | Metal, Wood, Resin and Plastic, Others |
| By Price | Low (Below USD 100), Medium (USD 200 – 750), High (More than USD 750) |
| By Distribution Channel | Online and Offline |
| By Application | Residential and Commercial |
| By Geography | North America, Europe, Asia Pacific, Latin America, Middle East and Africa |
| Key Players | Herman Miller, Inc., Unopiu, Royal Botania NV, Steelcase Inc., Roda Srl, Patio Furniture Industries, Inc., Haworth, Inc., Hartman UK Ltd., Dedon, Century Furniture, Brown Jordan, B&B Italia SpA, Ashley Furniture Industries, Amisco, CabanaCoast |
Market Segmentation:
By Price
The price segment is divided into low (below USD 100), medium (USD 200 – 750), and high (more than USD 750). The medium price segment is projected to contribute the largest revenue share of over USD 1,539.56 million in the year 2028 during the forecast period. Outdoor benches of medium prices between USD 200 – 750 are commonly made of wood, aluminium, or stainless steel as their primary raw materials. Although aluminium is a readily abundant material, it is comparatively more expensive than iron, owing to the large amounts of electrical energy utilized during its extraction process. Thus, outdoor benches made of aluminium are relatively more expensive than metals including aluminium and steel. Further, stainless steel is also relatively more expensive to produce, owing to the addition of various alloying elements including iron, nickel, chromium, manganese, and copper to enhance its durability and corrosion resistance. Hence, outdoor benches composed of stainless steel are available at medium prices between USD 200 – 750.
By Application
The application segment is divided into residential and commercial.
The commercial segment is accounted to have largest share of 68.63% in the year 2021 owing to rise in numbers of commercial places such as buildings, hotels and restaurants, bars, and among others. According to the Office of the National Economic and Social Development Council, the total investment in the commercial construction sector in Thailand increased by 8% in 2021 in order to meet the growing demand for a modern urban lifestyle in the country. The rapid pace of urbanization and the growth of the commercial sector are the prime factors driving the usage of outdoor benches. Thus, an increase in development of commercial buildings such as restaurants, hotels, resorts, bars, and other similar spaces will further boost the growth of the market in the upcoming years.
By Region:
The regional segment includes North America, Europe, Asia Pacific, the Middle East, and Africa, Latin America. In 2021, North America is accounted to contribute largest revenue of USD 2,117.14 million. The market is projected to grow in the region, during the forecast period owing to an increasing financial spending capacity of consumers on leisure activities is increasing the installation of outdoor furniture in the residential sectors. Several residential owners are concentrating on enhancing the outdoor spaces of their residential buildings including gardens, balconies, outdoor patios, and other open spaces with aesthetically pleasing seating arrangements. These factors are further increasing the demand for outdoor benches in the region.
Outdoor benches are primarily used in major tourist hubs, particularly places including beaches, hotels, resorts, and more. The use of outdoor benches in these places adds an additional seating option while also enhancing the visual appeal of outdoor space in these places. Thus, the increasing tourism activities and the rising commercial construction involving the addition of outdoor spaces is the primary factor increasing the adoption of outdoor benches in the ASEAN region.
Outdoor Benches Market Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry. Further, the surge in Research and Development (R&D), product innovation, various business strategies, and Application launches have accelerated the growth of the outdoor benches market. Key players in the market include-
- Herman Miller, Inc.
- Unopiu
- Royal Botania NV
- Steelcase Inc.
- Roda Srl
- Patio Furniture Industries, Inc.
- Haworth, Inc.
- Hartman UK Ltd.
- Dedon
- Century Furniture
- Brown Jordan
- B&B Italia SpA
- Ashley Furniture Industries
- Amisco
- CabanaCoast
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