The growing trend of urbanization and rise in the number of real estate companies triggered the market of outdoor furniture including the dining table.
The outdoor dining table market is projected to increase in value from its current US$ 18.52 billion market value in 2023 to US$ 30.17 billion in 2033, with a 5% CAGR between 2023 and 2033.
The growing trend of urbanization and rise in the number of real estate companies triggered the market of outdoor furniture including the dining table.
Furthermore, the rise in the disposable and per capita income of the people fueling the market growth.
What is Driving Demand for Outdoor Dining Table?
End-user preferences for eco-friendly items are evolving, and there is an increasing demand for innovative outdoor furniture built from a variety of sustainable raw materials.
Therefore many key players like Yardbird, Crate & Barrel, West Elm, Loll Designs and Joybird understand the requirement of the customers and invest in the research sector to get sustainable outdoor dining tables. Many players make an outside dining table with maso bamboo which is much stronger than oak wood.
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For instance, Yardbird is principally engaged in providing sustainable furniture to eco-friendly customers. Players make a dining table from natural raw materials like intercepted ocean plastic. Also, the company believe in recycle and reuse therefore it is more than 50% of packaging materials have come from a recycled source.
This encourages other players to enter this sustainable field and gives varieties of options to the customers to choose furniture according to them.
Furthermore, outdoor furniture including dining tables is majorly used in hotels, resorts and gardens. That is why the demand for the outside dining table is rising in developing nations like Malaysia, Thailand, Singapore, China and India. Also, many players are manufacturing outdoor furniture which is weatherproof, crack-proof, insect resistant, and pest and fungus repulsion. This also raises the sales of the outside dining table.
Factors that Likely to Augment Outdoor Dining Table Sales
The rise in the per capita income of the people and the growing interest in travelling increases the number of tourists all around the globe. People like to visit hill stations, beaches, and amusement parks, which leads to an increase in commercial spaces such as hotels, resorts, water parks, and other open spaces, which increases the sale of outdoor dining tables.
Furthermore, the movement of the millennials towards the rooftop café and poolside restaurants increases the demand. Beachcomber Café-Crystal Cove, Cooking paella, Camp eats, Casa Jondal, Oia in Santorini are some famous outdoor dining restaurants in the world.
This trend encourages other players of hotels and resorts globally to expand their services and thus it is expected that there will be rise in the sales of the outdoor furniture including dining tables.
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For instance, Mindo, an outdoor furniture making company principally engaged in the manufacturing of high quality and innovative furniture for the bar, resort, hotel, restaurants, house, spa, and other services in the hospitality sector. The company provide its service in Dubai, Australia and the USA and planning to expand it all around the world.
Impact of COVID- 19 on Outdoor Dining Table Market
The COVID-19 pandemic had three effects on the global economy: direct effects on production and demand, supply chain and market disruption, and financial losses to enterprises. Before the COVID-19 pandemic, global demand for outdoor dining tables was growing at a gradual pace. Major worldwide markets have encountered major impacts as a result of the pandemic.
Major economies supply chains, such as China’s and the United States, have suffered large decreases. There has been a drop in tourism, hostility as well as the temporary closure of many manufacturing facilities as a result of COVID -19.
Furthermore, the outdoor dining table business has been hampered by a changing consumer buying habit, lack of personnel in the field, logistics slowdown, high production costs, limited labor supply, and a scarcity of raw materials, etc. Also, the people gathering, parties and festival celebrations are restricted by the government due to this situation, therefore, the market of the outdoor dining table is affected.
The US and Canada Outdoor Dining Table Market Outlook
The market of outdoor dining table in the United State and Canada will be set to maximum market share during the forecast period. The presence of the key players like Forever Patio and Brown Jordan boost the regional growth, along with this the willingness of the customers to spend and innovation in the market are some main reasons that help in the market groeth.
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Moreover, the online supply channels help the players outside the dining table to gain a competitive advantage in the market. Some of the famous furniture supply channels include SENTIENT, Naturalist, growing rapidly. To strengthen its presence in the market, players need to expand their service and start selling furniture through these online supply platforms.
Europe Demand Outlook for Outdoor Dining Table
Many European countries like Germany, UK, England, etc. have traditional houses with outside living space and gardens. People add some decorative lights and furniture in the outside areas to enjoy parties and dinner in the shade of the sky. This trend raises the sales of the outdoor dining table in Europe.
Furthermore, many people of Europe prefer flat-pack outdoor dining tables because of their low price and are perfect for personalizing. Since, foldable dining tables are easy to store when not in use, therefore, it is a perfect option for those who want to enjoy the party in the garden and yard.
The semi-assembled dining table is also preferred by those people who are having transferable jobs because this dining table is easy to dismantle and transfer. All these factors encourage the players to enter the market of Europe and strengthen their presence in the region.
Who are the Key Manufacturers and Suppliers of Outdoor Dining Table?
Some of the leading manufacturers and suppliers of patio dining tables include
Inter IKEA Systems B.V., tree limited., Agio furniture, SPRUE LIMITED, Zzue Creation., Mindo, Artie Garden International Ltd., Howvin Outdoor Furniture Co.,Ltd , RODA Srl, Haworth Inc., Century Furniture LLC., EMU Group S.p.A., DEDON Manufacturing Inc., Home Depot Product Authority, LLC., Maze Outdoor Living, Homecrest Outdoor Living, Crate and Barrel, Yardbird, Williams-Sonoma Inc., many others.
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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May 23, 2023
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