Outdoor Furniture - Sweden

Sweden

In Sweden, the revenue generated in the Outdoor Furniture market is projected to reach €0.96bn in 2024.
It is anticipated that the market will experience an annual growth rate of 5.08% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with €17,110m in 2024.
In relation to the total population, per person revenues of €89.93 are expected to be generated in 2024.
The demand for minimalist and sustainable outdoor furniture is rising in Sweden, reflecting the country's commitment to eco-friendly and functional designs.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Outdoor Furniture market in Sweden has been experiencing significant growth in recent years. Customer preferences in the Swedish Outdoor Furniture market have been shifting towards more sustainable and eco-friendly options. Consumers are increasingly concerned about the environmental impact of their purchasing decisions and are seeking products that are made from recycled materials or are produced using sustainable manufacturing processes. Additionally, there is a growing demand for furniture that is easy to maintain and can withstand the harsh weather conditions in Sweden. One of the key trends in the Swedish Outdoor Furniture market is the increasing popularity of multifunctional furniture. Consumers are looking for furniture that can serve multiple purposes and adapt to different outdoor spaces. This trend is driven by the limited outdoor space available in many Swedish homes, especially in urban areas. Multifunctional furniture allows consumers to make the most of their outdoor space and create versatile and flexible outdoor living areas. Another trend in the Swedish Outdoor Furniture market is the growing popularity of outdoor kitchens and dining areas. Swedish consumers enjoy spending time outdoors and entertaining guests, and having a dedicated outdoor cooking and dining area is seen as a way to enhance the outdoor living experience. This trend is also influenced by the growing interest in outdoor cooking and barbecuing in Sweden. Local special circumstances in Sweden, such as the long and cold winters, have a significant impact on the Outdoor Furniture market. Swedish consumers need furniture that can withstand the harsh weather conditions, including heavy snowfall and freezing temperatures. This has led to an increased demand for furniture that is made from durable materials, such as teak or aluminum, and can be left outside year-round without being damaged. Additionally, Swedish consumers often have limited storage space for their outdoor furniture during the winter months, so there is a preference for furniture that is lightweight and easy to stack or fold away. Underlying macroeconomic factors, such as the strong economy and high disposable income levels in Sweden, have also contributed to the growth of the Outdoor Furniture market. As consumers have more money to spend, they are willing to invest in high-quality outdoor furniture that will last for many years. Additionally, the trend towards spending more time at home and creating comfortable outdoor living spaces has been accelerated by the covid-19 pandemic, which has further boosted the demand for Outdoor Furniture in Sweden. Overall, the Outdoor Furniture market in Sweden is expected to continue growing in the coming years as consumers prioritize creating stylish and functional outdoor living areas.

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.