Urban Furniture Industry Market Size, Growth Rate and Forecast Analysis by Different Types

6 min read

Updated on 12/04/2024

Based on type, the Urban Furniture are primarily split into Chair, Table, Bollard and Garbage Can.

Item

Description

Chair

Chair are an important part of public spaces, providing a place for people to sit and rest. Benches can be made from a variety of materials, including wood, metal, concrete, and plastic.

Table

Mainly refers to tables used in public places, which can be used for dining, working or displaying items.

Bollard

Bollards are posts, short poles, or pillars placed to prevent vehicle movement into areas where they are not desired, and to protect buildings and other site features.

Garbage Can

A Garbage Can is a container usually made of metal or plastic. Garbage Can are strategically placed to try to entice people into not littering on the streets.

The urban furniture market size for Chair reached USD 2,301.30 Million in 2019 and grew to USD 2,645.57 Million by 2023, showing a Compound Annual Growth Rate (CAGR) of 3.55%. Further looking ahead to 2031, the market size for Chair type is projected to reach USD 4096.99 Million, growing at an expected CAGR of 5.62% from 2023 to 2031. These data points not only highlight the market size and growth potential of Chair type urban furniture, but also reflect its robust expansion and increasing demand in the global urban furniture market. This growth is likely to be driven by accelerating urbanization, increased demand for seating in public spaces, and a continued focus on improving the aesthetics and functionality of urban environments. As the global urban population grows and urban regeneration projects increase, it is expected that Chair type of urban furniture will continue to hold a significant share of the global market and realize significant growth in the coming years.

The market size for Table type was USD 1,023.98 Million in 2019, growing to USD 1,154.74 Million by 2023, reflecting a steady growth in demand for Table type products in the Urban Furniture market over this period. This growth trend can be attributed, in part, to the increased demand for lounge and dining facilities in public spaces, as well as investments in urban regeneration projects to enhance the aesthetics and functionality of cities.

Specifically, the Table type urban furniture market is growing at a compound annual growth rate (CAGR) of 3.05% between 2019 and 2023, indicating a steady expansion of the market over this period. Further looking ahead to 2031, the market size for Table type is expected to reach USD 1,827.32 Million, showing an expected CAGR of 5.90% from 2023 to 2031, this higher growth rate signals an accelerated unlocking of market potential in the future.

In 2019, the market size of Bollard Type is USD 1396.58 Million and this figure grows to USD 1537.81 Million by 2023. During this four-year period, the urban furniture market for Bollard type experienced a compound annual growth rate (CAGR) of 2.44%, indicating that the demand for its market is rising every year. This growth may be associated with increasing urbanization across the globe, rising demand for urban safety, and increasing investments in the aesthetics and functionality of cities.

Further analyzing the market, the urban furniture market for Bollard type is expected to continue to grow at a CAGR of 4.36% from 2023 to 2031, reaching a market size of USD 2,164.12 Million by 2031. This projected growth demonstrates the long-term potential and importance of Bollard in the global urban furniture market. Bollard, as a part of urban furniture, not only serves as a safety feature such as preventing vehicles from entering pedestrian areas, but also enhances the aesthetics of the cityscape through its design and layout.

The market size of Garbage Can type is USD 1546.20 Million in 2019, showing its significant share in the global urban furniture market. With increasing urbanization and rising awareness of public sanitation, the market demand for Garbage Can, an integral part of the urban environment, is showing a steady growth. The Garbage Can market size grows to USD 1,776.41 Million by 2023, reflecting the increased demand for garbage collection facilities in the market during this period. This growth is likely to be driven by factors such as the desire of cities across the globe to enhance their cityscape, strengthen environmental protection efforts, and improve public hygiene standards.

Further analysis shows that the urban furniture market for Garbage Can type is growing at a compound annual growth rate (CAGR) of 3.53% between 2019 and 2023, a robust growth rate that indicates the continuous and steady demand for Garbage Can in the market. Looking ahead, the market for Garbage Can type is expected to continue to grow at a CAGR of 6.21% from 2023 to 2031, and is projected to reach a market size of USD 2,875.49 Million by 2031. This anticipated rapid growth not only reflects the growing emphasis on waste management facilities in cities across the globe, but also signals opportunities for urban furniture manufacturers to design more efficient and environmentally friendly waste collection solutions. With technological advancements and the use of eco-friendly materials, Garbage Can type of urban furniture is expected to capture a larger share of the global market and contribute to the sustainable development of urban environments.

 

2019

2023

2031

CAGR (2019-2023)

CAGR (2023-2031)

Chair

2301.30

2645.57

4096.99

3.55%

5.62%

Table

1023.98

1154.74

1827.32

3.05%

5.90%

Bollard

1396.58

1537.81

2164.12

2.44%

4.36%

Garbage Can

1546.20

1776.41

2875.49

3.53%

6.21%

Others

1045.28

1133.54

1565.14

2.05%

4.12%

Total

7313.34

8248.07

12529.07

3.05%

5.36%

Chair type urban furniture market is expected to continue growing in the coming years. The global market revenue for chair type is projected to be USD 2,767.09 Million at the end of 2024, and this figure is expected to increase year-on-year. By 2025, the revenue is expected to grow to USD 2,924.16 Million and further increase to USD 3,124.72 Million by 2026. This growth trend signals the rising demand for Chair type urban furniture in the market.

With increasing urbanization and rising demand for seating facilities in public spaces, the market revenue from Chair type is expected to reach USD 3,282.89 Million in 2027 and increase to USD 3,535.97 Million in 2028. This growth momentum is expected to continue till 2029, when the market revenue is projected to reach USD 3,745.25 Million. Eventually, in 2030, the global market revenue for Chair type is projected to reach USD 3,918.55 Million and by 2031, this figure will further climb to USD 4,096.99 Million.

The urban furniture market for Table type exhibits a clear growth trajectory. From 2024, the global market revenue for Table type is projected to be USD 1,202.20 Million, a figure that is expected to show a year-on-year rise. With increasing urbanization and rising demand for public space amenities, the Table type market revenue is expected to grow to USD 1,262.91 Million in 2025 and USD 1,349.42 Million in 2026.

This growth momentum is expected to continue till 2027, when the market revenue is projected to reach USD 1433.22 Million. With cities focusing on providing more public dining and rest areas, the Table type market revenue is further expected to increase to USD 1551.46 Million in 2028. This upward trend is projected to continue till 2029 when the market revenue is projected to reach USD 1663.33 Million and in 2030, it is projected to realize a revenue of USD 1751.15 Million. Eventually, in 2031, Table Type is expected to reach a global market revenue of USD 1,827.32 Million.

The Bollard type urban furniture Market is expected to experience steady growth globally. From 2024, the Bollard type market revenue is projected to be USD 1,592.87 Million and this figure is expected to rise year on year. With increasing urbanization and rising demand for safety and aesthetics in cities, the Bollard type market revenue is expected to grow to USD 1,660.25 Million by 2025 and USD 1,753.55 Million by 2026.

This growth trend is expected to continue and the market revenue is projected to reach USD 1,830.18 Million in 2027 and further increase to USD 1,942.01 Million in 2028. With increased investments by cities to enhance efficiency and safety of public spaces, the market revenue for Bollard type is projected to reach USD 2,025.12 Million in 2029, while by 2030, this figure is expected to realize a revenue of USD 2,096.81 Million. Ultimately, in 2031, the global market revenue for Bollard type is projected to reach USD 2,164.12 Million.

The Garbage Can type urban furniture market is exhibiting strong growth. From 2024, the global Garbage Can type market revenue is expected to reach USD 1851.19 Million, a figure that is expected to show year-on-year growth. With accelerating urbanization and increasing demand for public sanitation facilities across the globe, the Garbage Can type market revenue is expected to grow to USD 1,956.16 Million in 2025 and further to USD 2,093.28 Million in 2026.

This growth trend is expected to continue and the market revenue is projected to reach USD 2230.18 Million in 2027 and further increase to USD 2406.15 Million in 2028. With the increasing awareness amongst cities towards more efficient and environmentally friendly waste disposal, the Garbage Can type market revenue is expected to reach USD 2,579.63 Million in 2029, while by 2030, it is expected to realize a revenue of USD 2,735.70 Million. Eventually, in 2031, the global market revenue for Garbage Can type is expected to reach USD 2875.49 Million.

 

2024

2025

2026

2027

2028

2029

2030

2031

Chair

2767.09

2924.16

3124.72

3282.89

3535.97

3745.25

3918.55

4096.99

Table

1202.20

1262.91

1349.42

1433.22

1551.46

1663.33

1751.15

1827.32

Bollard

1592.87

1660.25

1753.55

1830.18

1942.01

2025.12

2096.81

2164.12

Garbage Can

1851.19

1956.16

2093.28

2230.18

2406.15

2579.63

2735.70

2875.49

Others

1168.90

1218.58

1286.09

1337.02

1412.56

1474.29

1520.14

1565.14

Total

8582.26

9022.06

9607.07

10113.50

10848.15

11487.63

12022.35

12529.07

Updated on 12/04/2024
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