Outdoor Furniture - Israel

Israel

In Israel, the revenue in the Outdoor Furniture market reaches €254.80m in 2024.
It is projected that the market will experience an annual growth rate of 0.86% (CAGR 2024-2029).
When compared to other countries globally, in the United States generates the highest revenue, amounting to €16,940m in 2024.
Taking into account the total population, per person revenues in 2024 amount to €27.37.
Israel, known for its vibrant outdoor culture, is witnessing a surge in demand for innovative and sustainable outdoor furniture designs.

Key regions: Brazil, China, France, India, Germany

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Analyst Opinion

The Outdoor Furniture market in Israel has experienced significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in Israel have shown a growing interest in outdoor living spaces, leading to an increased demand for outdoor furniture. With a Mediterranean climate, Israel enjoys long summers and mild winters, making outdoor activities and gatherings a popular pastime. As a result, there is a strong desire among consumers to create comfortable and stylish outdoor spaces that can be used for relaxation, entertaining, and dining.

Trends in the market: One of the key trends in the Outdoor Furniture market in Israel is the shift towards more durable and weather-resistant materials. Customers are increasingly looking for furniture that can withstand the harsh Israeli climate, including intense heat and occasional sandstorms. This has led to a rise in the popularity of materials such as aluminum, teak, and synthetic wicker, which are known for their durability and resistance to the elements. Additionally, there is a growing demand for furniture that is easy to clean and maintain, as customers seek convenience in their outdoor spaces. Another trend in the market is the focus on design and aesthetics. Israeli consumers value modern and contemporary designs that can seamlessly integrate with their overall home decor. There is a preference for sleek and minimalist furniture styles, with clean lines and neutral colors. This reflects a desire for a sophisticated and cohesive outdoor living space that can be enjoyed by both residents and guests.

Local special circumstances: Israel's unique geopolitical situation has a significant impact on the Outdoor Furniture market. As a small country with limited natural resources, Israel relies heavily on imports to meet its domestic demand. This has implications for the availability and pricing of outdoor furniture. Fluctuations in exchange rates and global supply chain disruptions can affect the cost and availability of imported furniture, leading to potential price fluctuations in the market.

Underlying macroeconomic factors: The Outdoor Furniture market in Israel is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, with a growing middle class and increasing disposable incomes. This has contributed to higher consumer spending on home improvement and lifestyle products, including outdoor furniture. Additionally, the government's focus on promoting domestic tourism and outdoor activities has further boosted the demand for outdoor furniture. In conclusion, the Outdoor Furniture market in Israel is witnessing growth due to changing customer preferences, including a focus on durable materials and modern designs. The local special circumstances, such as the reliance on imports and geopolitical situation, also impact the market. Furthermore, underlying macroeconomic factors, such as economic growth and government initiatives, contribute to the development of the market.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.