Outdoor Living Structure Market

Market Overview:

The global outdoor living structure market size reached US$ 2.11 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 3.0 Billion by 2028, exhibiting a growth rate (CAGR) of 5.85% during 2023-2028. The changing lifestyles and demographics, advancements in technology and design to create custom outdoor living spaces, extensive investments by homeowners in outdoor structures and the increasing awareness about environmental issues represent some of the key factors driving the market.

An outdoor living structure is designed to enhance the outdoor living space of a property. It is usually built in the backyard, garden, or patio area of a property that serves as a functional and aesthetic addition to the outdoor space. Outdoor living structure is constructed in a variety of styles and can range from small and simple structures to larger, more elaborate ones. Some of the most common outdoor living structures include pergolas, gazebos, and outdoor kitchens. Pergolas are typically made of wood or metal and have a series of vertical pillars supporting an open lattice roof. They are commonly used to create a shaded outdoor seating or dining area. Gazebos, on the other hand, are often octagonal or hexagonal and have a solid roof. They can be a focal point for outdoor entertainment or a private retreat. Outdoor kitchens are another popular type of outdoor living structure. They typically include a built-in grill, countertops, and storage cabinets. Outdoor kitchens are perfect for entertaining guests and enjoying meals outdoors, and they can be designed to fit any style or budget.

Outdoor Living Structure Market Trends:

One of the primary factors driving the market is the changing lifestyles and demographics. Owing to this, homeowners are nowadays looking to create outdoor living spaces that are an extension of their indoor living spaces, where they can relax, entertain friends and family, and enjoy the natural surroundings. This trend is particularly evident among millennials and Gen Xers, who prioritize outdoor living spaces and seek more sustainable and eco-friendly ways of living. Additionally, spending time outdoors has been linked to improved physical and mental health. As a result, outdoor living structures, such as pergolas, gazebos, and outdoor kitchens, are gaining popularity as they provide shade and shelter, allowing homeowners to spend more time outside comfortably. Other than this, outdoor living structures are a popular home improvement project since they add value to a property and increase curb appeal. Furthermore, several homeowners are investing in outdoor structures to create unique and personalized outdoor space that reflects their lifestyle and tastes. Besides this, the increasing awareness about environmental issues has led to a rise in demand for eco-friendly outdoor living structures. Nowadays, numerous outdoor living structures use sustainable materials such as bamboo, reclaimed wood, and recycled plastics. Moreover, advancements in technology and design have made it easier to create custom outdoor living spaces that meet the unique needs and preferences of homeowners. Modern materials, such as composite decking and engineered lumber, offer durability, low maintenance, and design versatility, allowing homeowners to create outdoor living structures that are both functional and stylish.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each segment of the global outdoor living structure market, along with forecasts at the global, regional, and country levels from 2023-2028. Our report has categorized the market based on the product.

Product Insights:

• Pavilions/Gazebos
• Pergolas/Patio
   

The report has provided a detailed breakup and analysis of the outdoor living structure market based on the product. This includes pavilions/gazebos and pergolas/patio. According to the report, pavilions/gazebos represented the largest segment.

Regional Insights:

• North America
  • United States
  • Canada
• Europe
  • Germany
  • France
  • United Kingdom
  • Italy
  • Spain
  • Others
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Indonesia
  • Others
• Latin America
  • Brazil
  • Mexico
  • Others
• Middle East and Africa
   

The report has also provided a comprehensive analysis of all the major regional markets, which include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, North America was the largest market for outdoor living structure. Some of the factors driving the North America outdoor living structure market included increasing focus on outdoor living and entertainment, growing awareness of the benefits of outdoor living, and expansion of residential construction and remodeling projects.

Competitive Landscape:

The report has also provided a comprehensive analysis of the competitive landscape in the global outdoor living structure market. Competitive analysis such as market structure, market share by key players, player positioning, top winning strategies, competitive dashboard, and company evaluation quadrant has been covered in the report. Also, detailed profiles of all major companies have been provided. Some of the companies covered include Absolute Outdoor Living, Aussie Outdoor Living, Bosman Homefront, IQ Outdoor Living, Outdoor Structure Company LLC, Renson, Totally Outdoors, etc. Kindly note that this only represents a partial list of companies, and the complete list has been provided in the report.

Report Coverage:

Key Questions Answered in This Report:

• How has the global outdoor living structure market performed so far, and how will it perform in the coming years?
• What are the drivers, restraints, and opportunities in the global outdoor living structure market?
• What is the impact of each driver, restraint, and opportunity on the global outdoor living structure market?
• What are the key regional markets?
• Which countries represent the most attractive outdoor living structure market?
• What is the breakup of the market based on the product?
• Which is the most attractive product in the outdoor living structure market?
• What is the competitive structure of the global outdoor living structure market?
• Who are the key players/companies in the global outdoor living structure market?

Key Benefits for Stakeholders:

• IMARC’s report offers a comprehensive quantitative analysis of various market segments, historical and current market trends, market forecasts, and dynamics of the outdoor living structure market from 2017-2028.
• The research study provides the latest information on the market drivers, challenges, and opportunities in the global outdoor living structure market.
• The study maps the leading, as well as the fastest-growing, regional markets. It further enables stakeholders to identify the key country-level markets within each region.
• Porter's five forces analysis assist stakeholders in assessing the impact of new entrants, competitive rivalry, supplier power, buyer power, and the threat of substitution. It helps stakeholders to analyze the level of competition within the outdoor living structure industry and its attractiveness.
• Competitive landscape allows stakeholders to understand their competitive environment and provides an insight into the current positions of key players in the market.