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.
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.
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.
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.