Outdoor Living Structure Market Overview
As per MRFR analysis, the Outdoor Living Structure Market Size was estimated at 23.56 (USD Billion) in 2022. The Outdoor Living Structure Market Industry is expected to grow from 24.84 (USD Billion) in 2023 to 40.0 (USD Billion) by 2032. The Outdoor Living Structure Market CAGR (growth rate) is expected to be around 5.44% during the forecast period (2024 - 2032).
Key Outdoor Living Structure Market Trends Highlighted
Outdoor living structures, such as pergolas, gazebos, and sunrooms, have witnessed a surge in demand due to evolving lifestyles and consumer preferences. The growing trend of outdoor living spaces as an extension of homes has propelled the market's growth.
Moreover, the increasing popularity of al fresco dining, entertaining, and relaxation has fueled the demand for these structures.
The market is also influenced by the rising disposable income and urbanization, leading to a higher propensity among consumers to invest in their outdoor spaces.
The advent of innovative materials, such as synthetic materials and composite decking, has broadened the range of options available to consumers. These materials offer durability, low maintenance, and aesthetic appeal, making them attractive choices for outdoor living structures.
Additionally, the growing emphasis on sustainability and eco-friendly products has led to the increased adoption of environmentally friendly materials in these structures. Furthermore, advancements in technology, such as automated systems and integrated lighting, enhance the functionality and comfort of outdoor living spaces, further driving market growth.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Living Structure Market Drivers
Growing Popularity of Outdoor Living Spaces
The increasing popularity of outdoor living spaces is a major driver of growth in the outdoor living structure market. As people spend more time outdoors, they are investing in comfortable and stylish outdoor living structures such as patios, decks, gazebos, and pergolas.
These structures provide a variety of benefits, including additional living space, increased home value, and a more enjoyable outdoor experience. The growing popularity of outdoor living spaces is expected to continue to drive growth in the outdoor living structure market in the coming years.
According to a recent study by the American Society of Landscape Architects (ASLA), more than half of homeowners in the United States have an outdoor living space. The study also found that homeowners are increasingly using their outdoor living spaces for a variety of activities, including entertaining, relaxing, and dining.
This trend is expected to continue as more and more people discover the benefits of outdoor living. The growing popularity of outdoor living spaces is being driven by several factors, including The increasing demand for additional living space, The rising popularity of home improvement projects, The growing trend of outdoor living and entertaining, The increasing availability of affordable outdoor living structures, The growing popularity of outdoor living spaces is expected to continue to drive growth in the outdoor living structure market in the coming years.
As more and more people discover the benefits of outdoor living, they are investing in comfortable and stylish outdoor living structures that meet their needs.
Rising Demand for Sustainable Outdoor Living Structures
The rising demand for sustainable outdoor living structures is another major driver of growth in the outdoor living structure market.
As consumers become more environmentally conscious, they are increasingly looking for outdoor living structures that are made from sustainable materials and that have a low environmental impact. Sustainable outdoor living structures are often made from recycled or renewable materials, and they are designed to be energy-efficient and water-conserving.
The rising demand for sustainable outdoor living structures is being driven by several factors, including The increasing awareness of environmental issues, The growing popularity of green building practices, The increasing availability of sustainable outdoor living structures, The government regulations and incentives for sustainable building practices, The rising demand for sustainable outdoor living structures is expected to continue to drive growth in the outdoor living structure market in the coming years.
As more and more consumers become environmentally conscious, they are looking for outdoor living structures that are sustainable and that have a low environmental impact.
Technological Advancements in Outdoor Living Structures
Technological advancements are also driving growth in the outdoor living structure market. New technologies are making outdoor living structures more comfortable, convenient, and stylish.
For example, smart outdoor living structures can be controlled with a smartphone or tablet, and they can be programmed to adjust the lighting, temperature, and music. Technological advancements are also making outdoor living structures more durable and weather-resistant.
The technological advancements in outdoor living structures are being driven by several factors, including The increasing availability of smart home technology, The growing demand for convenience, The rising popularity of outdoor living The increasing investment in research and development The technological advancements in outdoor living structures are expected to continue to drive growth in the outdoor living structure market in the coming years.
As new technologies become available, outdoor living structures will become more comfortable, convenient, and stylish.
Outdoor Living Structure Market Segment Insights:
Outdoor Living Structure Market Type Insights
By Type, the market is segmented into Gazebos, Pergolas, Shade Sails, Sunrooms, and Outdoor Kitchens. Gazebos are freestanding structures with a roof and open sides, providing shade and shelter from the elements.
They are popular for outdoor gatherings and dining and are available in a variety of styles and materials, including wood, metal, and fabric. Pergolas are similar to gazebos but have a more open design with a latticework roof that allows sunlight to filter through. They are often used to create shaded walkways or seating areas and can be customized with climbing plants or curtains for added privacy.
Shade Sails are triangular or rectangular pieces of fabric that are suspended from poles or trees to provide shade from the sun. They are a cost-effective and versatile option for creating temporary or permanent shade in outdoor areas and are available in a variety of colors and patterns.
Sunrooms are enclosed structures with glass or polycarbonate walls and a roof, providing a protected and comfortable outdoor living space year-round. They are popular for extending the use of outdoor living areas in colder climates and can be used for a variety of activities, including dining, entertaining, and relaxing.
Outdoor Kitchens are designed to bring the convenience of indoor kitchens to outdoor spaces, and typically include a grill, refrigerator, sink, and counter space. They are popular for entertaining and outdoor cooking enthusiasts and can range from simple to elaborate designs.
The Outdoor Living Structure Market is highly competitive, with a number of established players and emerging entrants. Key players include Sunroom Industries, Inc., The Gazebo Guy, Inc., ShelterLogic Corp., and Undercover Systems, Inc. The market is also influenced by regional trends and preferences, as well as the availability of raw materials and labor.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Living Structure Market Material Insights
The Outdoor Living Structure Market is segmented by Material into Wood, Metal, Fabric, Glass, and Composite. Wood is the most popular material for outdoor living structures due to its natural beauty, durability, and versatility.
It is also relatively easy to work with and can be stained or painted to match any décor. However, wood can be expensive and requires regular maintenance to prevent rot and decay. Metal is another popular material for outdoor living structures, as it is strong, durable, and weather-resistant. It is also relatively easy to clean and maintain.
However, metal can be more expensive than wood and can be difficult to work with. Fabric is a popular choice for outdoor living structures that are lightweight and portable. It is also relatively inexpensive and easy to clean and maintain.
However, fabric can be less durable than wood or metal and can fade in the sun. Glass is a popular choice for outdoor living structures that are elegant and sophisticated. It is also strong and durable and can be used to create a variety of different looks. However, glass can be expensive and can be difficult to clean and maintain.
Composite is a relatively new material for outdoor living structures, but it is quickly gaining popularity due to its combination of durability, affordability, and ease of maintenance. Composite is made from a combination of wood and plastic, and it is available in a variety of colors and styles.
The Outdoor Living Structure Market revenue is expected to grow from USD 23.42 Billion in 2022 to USD 29.13 Billion by 2029, exhibiting a CAGR of 2.9% during the forecast period. The growth of the market is attributed to the increasing popularity of outdoor living spaces and the rising demand for durable and stylish outdoor furniture.
Outdoor Living Structure Market Style Insights
The Style segment is a crucial aspect of the Outdoor Living Structure Market, influencing the overall market growth. In 2023, the Traditional style held a significant market share due to its timeless elegance and wide appeal.
However, modern styles are gaining popularity, especially among younger consumers, owing to their sleek and contemporary designs. Cottagecore and Bohemian styles are also witnessing increased demand, driven by the growing trend of incorporating nature-inspired and eclectic elements into outdoor living spaces.
Minimalist style, characterized by clean lines and simplicity, is expected to gain traction in the coming years as consumers seek functional and aesthetically pleasing outdoor structures.
The Outdoor Living Structure Market revenue is projected to reach USD 26.5 billion in 2024, with the Style segment playing a pivotal role in shaping market trends and consumer preferences.
Outdoor Living Structure Market Usage Insights
The Usage segment of the Outdoor Living Structure Market is categorized into Residential, Commercial, and Hospitality. The residential segment holds the largest share of the market, driven by the growing demand for outdoor living spaces in homes.
The commercial segment is expected to witness significant growth due to the increasing popularity of outdoor dining and entertainment areas in restaurants, hotels, and other commercial establishments. The hospitality segment is also anticipated to grow at a steady pace as more hotels and resorts invest in outdoor living spaces to enhance the guest experience.
These insights highlight the importance of tailoring outdoor living structure solutions to meet the specific needs of each usage segment, considering factors such as space availability, design preferences, and functional requirements.
Outdoor Living Structure Market Price Range Insights
The Outdoor Living Structure Market segmentation by price range offers valuable insights into the market's structure and consumer preferences. The market is divided into three primary categories: low, mid-range, and high-end.
The low-price range segment caters to budget-conscious consumers and typically includes affordable options made from basic materials such as vinyl or aluminum. This segment accounts for a significant portion of the market share, driven by its accessibility and appeal to a wide customer base. The mid-range segment targets consumers seeking a balance between cost and quality.
It offers a broader selection of materials, designs, and features compared to the low-price range. This segment has witnessed substantial growth in recent years as consumers prioritize value for money. The high-end segment caters to luxury buyers seeking premium materials, innovative designs, and exceptional craftsmanship.
This segment represents a niche market and contributes a significant share of the Outdoor Living Structure Market revenue. It is driven by affluent consumers who prioritize exclusivity and sophisticated outdoor living experiences.
Outdoor Living Structure Market Regional Insights
The regional segmentation of the Outdoor Living Structure Market offers valuable insights into the market's geographical distribution and growth potential. North America held the largest market share in 2023, accounting for over 35% of the revenue.
The region's high disposable income, increasing urbanization, and the growing trend toward outdoor living contribute to its dominance. Europe follows closely behind, with a significant market share driven by factors such as rising consumer spending on home improvement and the increasing popularity of outdoor living spaces.
The APAC region is expected to witness substantial growth in the coming years, fueled by the expanding middle class, urbanization, and increasing demand for outdoor living products. South America and MEA, while currently holding smaller market shares, present growth opportunities due to rising disposable incomes, improving infrastructure, and increasing awareness of outdoor living trends.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Living Structure Market Key Players and Competitive Insights:
Major players in the Outdoor Living Structure Market are focusing on expanding their product portfolio and increasing their market share. For instance, in 2023, The Home Depot, one of the leading players in the Outdoor Living Structure Market industry, launched a new line of outdoor furniture and accessories.
This expansion allowed the company to cater to a wider range of customer needs and increase its revenue. Similarly, Lowe's, another leading Outdoor Living Structure Market player, acquired RONA in 2016, which helped it expand its presence in Canada and strengthen its position in the North American market.
Sunesta Products Group is a leading manufacturer of retractable awnings and other outdoor living products. The company has a strong focus on innovation and customer service, which has helped it to become a leader in the industry.
Sunesta Products Group has a wide range of products to choose from, including retractable awnings, patio covers, pergolas, and screens. The company also offers a variety of customization options so customers can create the perfect outdoor living space for their needs.
A competitor of Sunesta Products Group is ShadeFX. ShadeFX is a manufacturer of retractable awnings, sunscreens, and other outdoor living products. The company has a strong focus on quality and durability, and its products are designed to withstand the elements.
ShadeFX offers a variety of products to choose from, including retractable awnings, patio covers, and pergolas. The company also offers a variety of customization options so customers can create the perfect outdoor living space for their needs.
Key Companies in the Outdoor Living Structure Market Include:
-
Pathway Homes Construction LLC
-
MillHaven Homes Inc.
-
Deckwise
-
Keller Custom Decks Pergolas
-
Lifestyle Home Products Inc.
-
DreamMaker Bath Kitchen Inc.
-
Ryan Homes
-
Highland Homes LLC
-
Handyman Connection
-
KE Outdoor Design
-
Southern Patios
-
The Deck Store LLC
-
MasterPlan
-
Paradise Outdoor Living
Outdoor Living Structure Market Industry Developments
The rising disposable income, increasing urbanization, and growing popularity of outdoor living spaces are driving market growth. Technological advancements, such as smart pergolas and automated shading systems, are further fueling demand. Key players in the market include The Home Depot, Inc., Lowe's Companies, Inc., and YKK AP America Inc.
Recent news developments include the launch of new products, such as weather-resistant outdoor furniture and modular pergolas, and strategic partnerships between manufacturers and retailers to expand distribution channels. The market is expected to witness continued growth in the coming years, driven by increasing consumer spending on home improvement and outdoor living products.
Outdoor Living Structure Market Segmentation Insights
|
Report Attribute/Metric
|
Details
|
|
Market Size 2022
|
23.56(USD Billion)
|
|
Market Size 2023
|
24.84(USD Billion)
|
|
Market Size 2032
|
40.0(USD Billion)
|
|
Compound Annual Growth Rate (CAGR)
|
5.44% (2024 - 2032)
|
|
Report Coverage
|
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
|
|
Base Year
|
2023
|
|
Market Forecast Period
|
2024 - 2032
|
|
Historical Data
|
2019 - 2023
|
|
Market Forecast Units
|
USD Billion
|
|
Key Companies Profiled
|
Pathway Homes Construction LLC, MillHaven Homes Inc., Deckwise, Keller Custom Decks Pergolas, Lifestyle Home Products Inc., DreamMaker Bath Kitchen Inc., Ryan Homes, Highland Homes LLC, Handyman Connection, KE Outdoor Design, Southern Patios, The Deck Store LLC, MasterPlan, Paradise Outdoor Living
|
|
Segments Covered
|
Type, Material, Style, Usage, Price Range, Regional
|
|
Key Market Opportunities
|
Growing demand for outdoor living spaces, increasing popularity of staycations, rising disposable incomes, technological advancements in outdoor furniture, and the expanding home improvement sector
|
|
Key Market Dynamics
|
Increasing home renovations
Growing popularity of outdoor living spaces
Rising disposable income
Technological advancements
Expansion of e-commerce
|
|
Countries Covered
|
North America, Europe, APAC, South America, MEA
|
Frequently Asked Questions (FAQ) :
The Outdoor Living Structure Market is expected to reach USD 40.0 billion by 2032, growing at a CAGR of 5.44% from 2024 to 2032.
North America is expected to dominate the Outdoor Living Structure Market throughout the forecast period.
Increasing disposable income, rising urbanization, and the growing popularity of outdoor living spaces are driving the growth of the Outdoor Living Structure Market.
Major applications of Outdoor Living Structures include decks, patios, pergolas, gazebos, and sunrooms.
Key competitors in the Outdoor Living Structure Market include The Home Depot, Lowe's, Trex Company, Inc., and AZEK Company, Inc.
The Outdoor Living Structure Market in the Asia-Pacific region is expected to grow at a CAGR of 6.2% from 2024 to 2032.
Key trends shaping the Outdoor Living Structure Market include the growing popularity of sustainable materials, smart home integration, and modular designs.
The COVID-19 pandemic has had a positive impact on the Outdoor Living Structure Market, as people spent more time at home and invested in improving their outdoor spaces
Challenges faced by the Outdoor Living Structure Market include rising raw material costs, supply chain disruptions, and labor shortages.
Opportunities for growth in the Outdoor Living Structure Market include the increasing demand for low-maintenance materials, the growing popularity of outdoor kitchens and entertainment areas, and the expansion of the smart home market.
