GARDEN ROOMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
Garden Rooms Market, By Type (Prefab Garden Rooms, Custom-built Garden Rooms, and Converted Spaces), By Material (Wood, Metal, Plastic/Composite, and Others), By Application (Home Office, Leisure/Entertainment, Storage, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)
There is growing consumer preference for outdoor living spaces as people are spending more time at home due to remote working and lockdowns during the pandemic. This is a key driver for the market. However, rising costs of raw materials due to ongoing supply chain issues may dampen demand to some extent.
North America currently dominates the market due to high consumer spending on home improvement projects in countries like the U.S. and Canada. Meanwhile, Asia Pacific is expected to be the fastest growing regional market. This can be attributed to rising incomes in India and China that is making garden rooms accessible to the middle-class consumers in these markets.
Manufacturers are launching more customizable and affordable products to tap into lower tier cities and expand consumer base. They are also focusing on eco-friendly and low maintenance products. Increasing spending on amenities and outdoor furnishings bodes well for aftersales growth opportunities.