Outdoor Furniture - Argentina

Argentina

In Argentina, the revenue in the Outdoor Furniture market reaches US$0.34bn in 2024.
It is anticipated that the market will experience an annual growth rate of 2.25% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, amounting to US$18,450m in 2024.
In terms of per person revenues, US$7.35 is generated in 2024.
"Argentina's outdoor furniture market is seeing a rise in demand for durable, weather-resistant materials due to the country's diverse climate."

Key regions: United States, Worldwide, Germany, India, Denmark

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Analyst Opinion

The Outdoor Furniture market in Argentina has been experiencing steady growth in recent years, driven by a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Argentina have been shifting towards outdoor living spaces and the desire for comfortable and stylish outdoor furniture. With a pleasant climate and a culture that values outdoor socializing and leisure activities, Argentinians are increasingly investing in their outdoor spaces to create inviting and functional areas for relaxation and entertainment. This has led to a growing demand for outdoor furniture that is both durable and aesthetically pleasing. Trends in the market reflect this shift in customer preferences. There has been an increase in the availability of a wide range of outdoor furniture options in Argentina, including lounge chairs, dining sets, and outdoor sofas. These furniture pieces are designed to withstand the country's varying weather conditions, including intense sun exposure and heavy rainfall. Additionally, there has been a growing interest in eco-friendly and sustainable outdoor furniture materials, such as recycled plastic and responsibly sourced wood.

Local special circumstances: also contribute to the development of the Outdoor Furniture market in Argentina. The country's large middle-class population and increasing disposable income have allowed more consumers to afford outdoor furniture and invest in their outdoor spaces. Furthermore, the growth of the tourism industry in Argentina has led to a demand for outdoor furniture in hotels, resorts, and other hospitality establishments, driving the market further.

Underlying macroeconomic factors: play a significant role in the development of the Outdoor Furniture market in Argentina. The country's stable economic growth and low inflation rate have provided a favorable environment for consumer spending. Additionally, government initiatives promoting tourism and the development of outdoor recreational areas have contributed to the growth of the market. In conclusion, the Outdoor Furniture market in Argentina is developing due to changing customer preferences towards outdoor living spaces, market trends that cater to these preferences, local special circumstances such as a growing middle class and a thriving tourism industry, and underlying macroeconomic factors that support consumer spending. As Argentinians continue to prioritize outdoor leisure activities and invest in their outdoor spaces, the market is expected to continue its positive growth trajectory.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.