Market Forecast By Type (Tables, Chairs, Dining Sets, Seating Sets, Others), By Application (Brand Outlets, Franchised Furniture Store, E-Commerce, Others) And Competitive Landscape
Product Code: ETC022723 | Publication Date: Feb 2023 | Updated Date: Mar 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | South Korea Garden Furniture Market |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Home and Lifestyle |
The South Korea Garden Furniture Market report thoroughly covers the market by Type and Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.
The South Korea Garden Furniture Industry is witnessing dynamic transformations, driven by evolving consumer lifestyles and preferences. A surge in interest in outdoor leisure and stylish living has spurred demand for versatile and innovative furniture options. With a focus on sustainability, manufacturers are incorporating eco-friendly materials and designs that cater to environmentally conscious customers. Compact and modular furniture solutions, suited for urban living, are also gaining popularity. Technological advancements allow for the creation of weather-resistant and contemporary pieces that marry functionality with aesthetics, setting new trends in the market.
According to 6Wresearch, the South Korea Garden Furniture Market is estimated to reach a CAGR of 6.2% during the forecast period 2025-2031. The growth of the South Korea Garden Furniture Market size is being propelled by increasing urban affluence and a shift toward outdoor lifestyle trends. Consumers are investing more in enhancing their residential spaces with stylish and functional garden furniture, which has significantly boosted demand. Furthermore, the emphasis on sustainable living has driven manufacturers to explore innovative designs using recyclable and weather-resistant materials.
However, the market faces challenges such as fluctuating raw material prices and the limited availability of outdoor spaces in highly urbanized areas. Despite these hurdles, technological advancements and the rise of e-commerce have enabled greater accessibility for consumers, fostering further market expansion. The competition among industry players has played a vital role in improving product quality and affordability, contributing to the growing South Korea Garden Furniture Market share. This combination of evolving consumer behaviour and persistent innovation continues to shape the industry’s trajectory, presenting a mix of opportunities and challenges.
The South Korea garden furniture market continues to evolve with several notable trends shaping its landscape. Below are key developments driving changes in the industry:
Rising Popularity of Multi-Functional Furniture: Consumers are opting for versatile designs that combine style and usability, catering to both small and large outdoor spaces.
Growth in Eco-Friendly Furniture Options: Awareness about sustainability has steered manufacturers toward using eco-conscious, durable materials, fuelling the South Korea Garden Furniture Market growth.
Impact of Smart Outdoor Furniture: Technological integration, such as built-in charging ports and smart lighting, has elevated consumer interest in premium outdoor furniture.
Increasing Online Product Availability: E-commerce platforms have significantly enhanced consumer access to garden furniture, contributing to higher South Korea Garden Furniture Market revenue.
Preference for Modular Designs: Modular setups, which allow consumers to customize their furniture arrangements, are particularly appealing in urbanized areas with space constraints.
These dynamic trends showcase the market's adaptability and innovation, positioning it for sustained progress in the years to come.
The South Korea Garden Furniture Market presents lucrative opportunities for investors due to its dynamic growth and evolving consumer preferences. With increasing demand for both functional and stylish outdoor furniture, the market offers varied avenues for capitalizing on its expansion. Below are key investment opportunities to consider:
Premium Outdoor Furniture Segment: High-income urban consumers are increasingly looking for premium furniture that combines modern aesthetics with innovative features, driving growth in this segment.
Sustainable Furniture Innovations: There is a growing appetite for eco-friendly options, opening doors for investments in sustainable material manufacturing and production processes.
Technological Integration: With rising interest in smart homes, outdoor furniture equipped with IoT features like temperature control and lighting synchronization is becoming a sought-after category.
Expansion of E-Commerce Channels: Developing e-commerce platforms to provide greater accessibility and variety of garden furniture products can capture a larger South Korea Garden Furniture Market share.
Urban-Compatible Solutions: Investments in modular and compact designs can tap into the urban demographics frequently seeking flexible furniture solutions suited for limited spaces.
By leveraging these opportunities, investors can align their strategies with market trends and optimize returns in this rapidly expanding sector.
The South Korea Garden Furniture Market is driven by several prominent companies that have successfully leveraged innovation and consumer preferences to strengthen their foothold. These leading players have contributed significantly to the market’s development and South Korea Garden Furniture Market revenue growth.
Hyundai Livart: Known for its high-quality and durable garden furniture, Hyundai Livart emphasizes modern designs that appeal to both residential and commercial buyers.
Hanssem Co., Ltd.: Specializing in versatile and aesthetically pleasing furniture, Hanssem focuses on delivering customizable options tailored to urban lifestyles.
IKEA South Korea: Combining affordability with functionality, IKEA offers a wide range of outdoor furniture solutions to meet diverse consumer needs.
Ace Hardware South Korea: With a reputation for premium materials, Ace Hardware supplies sturdy and weather-resistant garden furniture for long-term use.
These key players continue to shape the market landscape through strategic innovations and targeted offerings, paving the way for sustainable growth while meeting the evolving demands of consumers.
Government regulations play a pivotal role in shaping the South Korea Garden Furniture industry, particularly in areas such as sustainability, safety standards, and import-export policies. Environmental regulations have prompted manufacturers to adopt eco-friendly production methods, using sustainable materials and reducing carbon emissions. Additionally, stringent safety standards ensure that garden furniture meets specific quality benchmarks, safeguarding consumer health and promoting durability. Trade policies and tariffs also influence the market, affecting the pricing and availability of imported and locally manufactured products. These regulatory measures not only enhance trust among consumers but also push companies to innovate and maintain competitiveness in the market.
The South Korea Garden Furniture Market size is projected to expand steadily in the coming years, driven by a growing emphasis on outdoor living spaces and lifestyle enhancements. Increasing urbanization coupled with rising disposable income is expected to boost demand for aesthetically pleasing and functional garden furniture. Innovations in materials, such as weather-resistant composites and lightweight designs, will likely attract consumers looking for durability and convenience. Furthermore, the industry is expected to see a surge in e-commerce platforms offering diverse designs and customization options. Evolving consumer preferences for sustainable and eco-conscious products will also push manufacturers toward greener practices. These factors together will set the stage for long-term growth and diversification within the market.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Suryakant, Senior Research Analyst, 6Wresearch, Dining sets are expected to lead within the type segment due to their versatility and appeal in creating cohesive outdoor dining experiences. Consumers increasingly favour dining sets for their seamless combination of tables and chairs, enhancing functionality and aesthetics. The growing trend of hosting outdoor meals and gatherings has significantly increased the demand for these products. Additionally, innovations in weather-resistant materials and sleek designs have further solidified dining sets as a popular choice. Their ability to accommodate various styles and spaces makes them a staple for modern outdoor living.
E-commerce platforms are projected to dominate the application segment due to their unmatched convenience and variety. Online platforms allow consumers to easily browse and customize furniture options from a multitude of designs and brands. The rise in internet penetration and digital shopping trends has made e-commerce a preferred channel, particularly among younger and tech-savvy buyers. Competitive pricing, doorstep delivery, and flexible return policies also contribute to the surging popularity of online shopping for garden furniture. This segment is poised for innovation, with virtual visualization tools and easy comparison features enhancing the consumer experience.
The Report offers a comprehensive study of the subsequent market segments and their leading categories.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 South Korea Garden Furniture Market Overview |
3.1 South Korea Country Macro Economic Indicators |
3.2 South Korea Garden Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 South Korea Garden Furniture Market - Industry Life Cycle |
3.4 South Korea Garden Furniture Market - Porter's Five Forces |
3.5 South Korea Garden Furniture Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 South Korea Garden Furniture Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 South Korea Garden Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 South Korea Garden Furniture Market Trends |
6 South Korea Garden Furniture Market, By Types |
6.1 South Korea Garden Furniture Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 South Korea Garden Furniture Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 South Korea Garden Furniture Market Revenues & Volume, By Tables, 2021 - 2031F |
6.1.4 South Korea Garden Furniture Market Revenues & Volume, By Chairs, 2021 - 2031F |
6.1.5 South Korea Garden Furniture Market Revenues & Volume, By Dining Sets, 2021 - 2031F |
6.1.6 South Korea Garden Furniture Market Revenues & Volume, By Seating Sets, 2021 - 2031F |
6.1.7 South Korea Garden Furniture Market Revenues & Volume, By Others, 2021 - 2031F |
6.2 South Korea Garden Furniture Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 South Korea Garden Furniture Market Revenues & Volume, By Brand Outlets, 2021 - 2031F |
6.2.3 South Korea Garden Furniture Market Revenues & Volume, By Franchised Furniture Store, 2021 - 2031F |
6.2.4 South Korea Garden Furniture Market Revenues & Volume, By E-Commerce, 2021 - 2031F |
6.2.5 South Korea Garden Furniture Market Revenues & Volume, By Others, 2021 - 2031F |
7 South Korea Garden Furniture Market Import-Export Trade Statistics |
7.1 South Korea Garden Furniture Market Export to Major Countries |
7.2 South Korea Garden Furniture Market Imports from Major Countries |
8 South Korea Garden Furniture Market Key Performance Indicators |
9 South Korea Garden Furniture Market - Opportunity Assessment |
9.1 South Korea Garden Furniture Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 South Korea Garden Furniture Market Opportunity Assessment, By Application, 2021 & 2031F |
10 South Korea Garden Furniture Market - Competitive Landscape |
10.1 South Korea Garden Furniture Market Revenue Share, By Companies, 2024 |
10.2 South Korea Garden Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |