GARDEN ROOMS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)
The global garden rooms market is estimated to be valued at USD 2.53 Bn in 2024 and is expected to reach USD 4.03 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. Garden rooms refer to outdoor spaces enclosed on some or all the sides with walls or glass, which provide weather protection as well as extending the living area. They can be used to enjoy peaceful moments surrounded by greenery or entertain guests privately. Garden rooms are manufactured using a variety of materials like timber, aluminum, and PVC and are available in different styles to match the interior décor of homes. The rising demand for leisure and entertainment outdoors along with growing emphasis on outdoor living has been fueling the sales of garden rooms worldwide.
Market Dynamics:
The global garden rooms market is primarily driven by the increasing spending on outdoor furniture and home remodeling projects among consumers across developed nations. Additionally, the rising popularity of outdoor recreational activities like gardening and BBQ is also propelling the demand for garden rooms for enjoying such activities in a sheltered space. However, high initial costs associated with the installation and maintenance of garden rooms may hinder the market growth to some extent. Meanwhile, innovations in modular designs, styles, and energy-efficient features of garden rooms are expected to create new opportunities in the forthcoming years.
Key Features of the Study:
- This report provides in-depth analysis of the global garden rooms market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year
- It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
- This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
- It profiles key players in the global garden rooms market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
- Key companies covered as a part of this study include Garden Rooms Ltd., The Garden Room Company, Green Retreats, CabinSpace, Room in the Garden, Urban Shed, Studio Shed, The Eco Garden Room, The Garden Office, Garden House Design, Smart Garden Offices, Timber Garden Rooms, Garden Retreats, Corner Garden Rooms, The Shed Store
- Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
- The global garden rooms market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
- Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global garden rooms market.
Market Segmentation
Market Segmentation
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