US Outdoor Furniture Market Size (2018–2029)
Overall revenues from the United States’ furniture market are projected to rise by 3.7% in 2024, to $263.2 billion. This comes as the number of furniture stores increases year after year and furniture continues to rank among the fastest-growing consumer products in the US.
Outdoor furniture sales have also been charting a growth trajectory and are anticipated to account for 7% of the overarching furniture market. But how much does this translate to in dollars? In this article, we’ll explore key data on the US outdoor furniture market size to understand how this niche has been performing.
US outdoor furniture market size: table
|
Year |
US outdoor furniture market revenues |
Annual change |
|
2018 |
$13.4 billion |
|
|
2019 |
$14.0 billion |
+4.6% |
|
2020 |
$15.1 billion |
+7.7% |
|
2021 |
$16.4 billion |
+8.4% |
|
2022 |
$16.6 billion |
+1.4% |
|
2023 |
$17.9 billion |
+7.6% |
|
2024 |
$18.5 billion |
+3.4% |
|
2025 |
$19.1 billion |
+3.5% |
|
2026 |
$19.8 billion |
+3.6% |
|
2027 |
$20.5 billion |
+3.6% |
|
2028 |
$21.2 billion |
+3.6% |
|
2029 |
$22.0 billion |
+3.4% |
US outdoor furniture market size: 2024 revenues
According to a recent analysis, the US outdoor furniture market size is expected to expand by 3.4%, to $18.5 billion. This marks a slowdown from the previous year, when the sector increased its revenues by 7.6%. This also makes outdoor furniture one of the slowest-growing niches within the general US furniture market. For instance, revenues from home décor and lamps and lighting, the two fastest-growing categories, are forecast to experience annual increases of 4.6% and 3.8%, respectively.
Nevertheless, the data shows that the US outdoor furniture market size has been growing since at least 2018. That year, revenues totaled $13.4 billion, followed by a 4.6% rise in 2019, to $14 billion. Impressive growths of 7.7% and 8.4% were recorded in the two succeeding years, as sales surged to $16.4 billion in 2021. These are expected to be the US outdoor furniture market’s best-performing years between 2018 and 2029, which experts have attributed to the COVID-19 pandemic.
A deceleration to 1.4% subsequently followed in 2022, as revenues totaled $16.6 billion. The market rebounded from this slowdown immediately, with the US outdoor furniture market size growing by 7.6% in 2023, to $17.9 billion.
US outdoor furniture market size: 2025–2029 forecast
Steady growth is anticipated for at least five more years. According to industry analysts’ projections, the US outdoor furniture market size is set to grow by between 3.4% and 3.6% every year from 2025 to 2029. This means that by 2029, the sector will be valued at $22 billion.
From 2018 to 2029, the US outdoor furniture market size is expected to increase by $8.6 billion. This represents an overall 64.2% rise and an average annual growth rate of 4.6%.