North America Outdoor Furniture and Parking Lot Products Market

The North America outdoor furniture and parking lot products market is expected to grow from US$ 14,339.39 million in 2022 to US$ 18,046.44 million by 2028; it is expected to register a CAGR of 3.9% from 2022 to 2028.

Outdoor furniture and parking lot products include benches, tables, parking lot products, and waste receptacles. These products can be made from various materials, including wood, plastic, metal, and wicker.

Market Overview and Dynamics

North America is witnessing an increase in the demand for outdoor furniture and parking lot products owing to a rise in construction activities such as shopping centers, malls, corporate offices, restaurants, luxury dining spaces, and private airports. Also, old residential building renovation projects and new construction activities have influenced the demand for outdoor furniture products such as tables, chairs, and combination sets. Moreover, many people started working from home after the emergence of the COVID-19 pandemic. People spent significant time at home, which increased their interest in decorating outdoor spaces with furniture products. Therefore, there is a huge demand for outdoor furniture products that provide a relaxing and comfortable environment for consumers. Further, the manufacturers are developing furniture products that incorporate appealing designs and advanced features such as weatherproofing, resistance to insects, and crack-proofing.

In North America, restaurateurs are developing outdoor seating and dining arrangements to fulfill customer demand for dynamic city views, scenic views, creative experiences, fresh and natural ambiance, or poolside dining. Moreover, the furniture manufacturers in the region are focused on expanding their outdoor furniture products’ portfolio, thereby offering unique designs and functionality. For instance, in January 2021, Outer Inc, a direct-to-consumer outdoor furniture manufacturer, raised US$ 10.5 million in funding led by Sequoia Capital China. The company is focused on increasing the team size and doubling product research and development. It has also witnessed a growing demand for outdoor furniture such as coffee tables, chaise loungers, dining sets, and other products for backyards, decks, or porches. In addition, the region is home to many major shopping centers across the globe, such as West Edmonton Mall, Mall of America, American Dream, and Aventura Mall, which hold a significant number of parking spaces. Hence, the demand for outdoor furniture and parking lot products in North America is expected to propel during the forecast period. 

Key Market Segments

Based on product type, the North America outdoor furniture and parking lot products market is segmented into benches, tables, parking lot products, waste receptacles, and others. In 2022, the benches segment held the largest market share. Benches are long seats that are either freestanding, fixed to the wall, or placed against the wall. Benches are an important attribute of urban outdoor landscaping. They can be available in a variety of materials such as wood, iron, steel, aluminum, wicker, etc., and are a good option for exterior furniture designs. An outdoor bench can upgrade a garden, yard, patio, park, retail center, or other business. An outdoor bench is comfortable, and it also enhances the beauty of the area around it. These factors led to the dominance of the benches segment in 2022.

Major Sources and Companies:

A few primary and secondary sources referred to while preparing this report on the North America outdoor furniture and parking lot products market are paid databases (Factiva), publications, hoovers, investor presentations, newsletters, sec archives, annual reports, and other information available in the public domain. Major companies operating in the outdoor furniture and parking lot products market listed in the report are Agio International Company Ltd, Brown Jordan Company, Century Furniture LLC, Inter IKEA Holding BV, Keter US Inc, Florida Patio Furniture Inc, Transline Industries Inc, Emedco US, The Traffic Safety Store, and Dancop International GmbH.

Reasons to Buy Report

• Progressive trends in the outdoor furniture and parking lot products industry to help players develop effective long-term strategies
• Business growth strategies adopted by companies to secure growth in developed and developing markets
• Quantitative analysis of the North America outdoor furniture and parking lot products market from 2020 to 2028
• Estimation of the demand for outdoor furniture and parking lot products
• PEST analysis to analyze the Political, Economic, Socio-Cultural, and Technological changes in the business environment
• Recent developments to understand the competitive market scenario and the demand for the outdoor furniture and parking lot products
• Market trends and outlook, and factors driving and restraining the North America outdoor furniture and parking lot products market growth
• Understanding the strategies that underpin commercial interest with regard to the North America outdoor furniture and parking lot products market growth, aiding in the decision-making process
• North America outdoor furniture and parking lot products market size at various nodes of market
• Detailed overview and segmentation of the North America outdoor furniture and parking lot products market, and its industry dynamics
• North America outdoor furniture and parking lot products market size in various regions with promising growth opportunities

North America Outdoor Furniture and Parking Lot Products Strategic Insights

Strategic insights for the North America Outdoor Furniture and Parking Lot Products provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

North America Outdoor Furniture and Parking Lot Products Report Scope

North America Outdoor Furniture and Parking Lot Products Regional Insights

The geographic scope of the North America Outdoor Furniture and Parking Lot Products refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.