Street Furniture Industry Forecast 2025-2034: Market Expansion, Trends, and Competitive Landscape
How has the street furniture market evolved, and where is it heading next?
The street furniture market size has grown strongly in recent years. It will
grow from $9.86 billion in 2024 to $10.52 billion in 2025 at a compound annual
growth rate (CAGR) of 6.7%. The growth in the historic period can be attributed
to increasing urbanization, an increase in the real estate industry, growth in
the hospitality and real estate sectors, rising demand for outdoor living
spaces, and rising research and development opportunities.
The street furniture market size is expected to see strong growth in the next
few years. It will grow to $13.47 billion in 2029 at a compound annual growth
rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to the
rising trend of outdoor entertainment, rising investments in urban
infrastructure, e-commerce and online shopping, interior design trends, and the
rise in multifunctional outdoor furniture options. Major trends in the forecast
period include technological advancements, sustainability and eco-friendly
solutions, advancements in materials and technology, a focus on aesthetics and
placemaking, and the integration of smart technology.
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What are the key drivers behind the rapid
expansion of the street furniture market?
Increasing urbanization is expected to propel the growth of the street
furniture market going forward. Urbanization is the process by which an
increasing percentage of a population moves from rural areas to urban areas,
leading to the growth and expansion of cities. Increasing urbanization refers
to the growing trend of people migrating from rural areas to urban areas,
resulting in the rapid expansion and development of cities. Street furniture
helps increase urbanization by enhancing public spaces with functional and
aesthetic elements, improving the quality of life, and supporting the
infrastructure needs of growing urban populations. For instance, in 2024,
according to the United Nations Population Fund, a US-based human rights group,
more than half of the world's population now lives in urban areas, with
projections suggesting it is expected to reach around 5 billion by 2030.
Therefore, increasing urbanization is driving the growth of the street
furniture market.
What is the segmentation for the street furniture market?
The street furniture market covered in this report is segmented –
1) By Product: Wood Furniture, Plastic Furniture, Metal Furniture, Other
Products
2) By Application: Benches And Seats, Street Lightings And Traffic Signals,
Barriers And Bollards, Other Applications
3) By End-User: Commercial, Residential
Subsegments:
1) By Wood Furniture: Wooden Benches, Wooden Picnic Tables, Wooden Planters,
Wooden Bus Shelters
2) By Plastic Furniture: Recycled Plastic Benches, Plastic Waste Bins, Plastic
Bollards, Plastic Seating Units
3) By Metal Furniture: Metal Benches, Metal Bike Racks, Metal Streetlights,
Metal Bus Stops
4) By Other Products: Concrete Benches, Stone Sculptures, Smart Benches With
Charging Stations, Hybrid Material Street Furniture
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Who are the most influential companies in
the street furniture market?
Major companies operating in the street furniture market are JCDecaux SA, Keter
Group B.V., Daktronics Inc., Skidmore Owings & Merrill LLP, Brown Jordan
International Inc., Strugal Sistemas de CarpinterÃa S.L., Landscape Forms Inc.,
Broxap Limited, Falco UK Ltd., Agio International Company Ltd., Equiparc Inc.,
Lappset Group Oy, Furnitubes International Limited, Concreteworks Studio LLC,
Streetlife B.V., Urban Elements Ltd., Vestre AS, Tensile Group Pty Ltd., HAGS
Aneby AB, Green Furniture Concept AB
What are the most influential trends expected to drive the street furniture
market forward?
Major companies operating in the street furniture market are focused on
developing innovative solutions, such as urban furniture, to enhance urban
environments with a modern aesthetic. Urban furniture refers to functional and
aesthetic objects placed in public spaces, such as streets, parks, and plazas.
For instance, in November 2024, Neri S.p.A., an Italy-based manufacturer of
outdoor lighting systems and urban furniture, partnered with Skidmore, Owings
& Merrill LLP, a US-based construction company, and launched the Nebula
collection of urban furniture, designed by Skidmore, Owings & Merrill
(SOM). This versatile range includes benches, stools, tables, bicycle racks,
litter bins, and planters, available in multiple sizes and configurations.
Designed to complement both vibrant and historic urban environments, the
collection offers flexible solutions for creating inviting, human-scaled spaces
that can seamlessly scale to large city streetscapes.
What are the major regional insights for the street furniture market, and which
region holds the top position?
Asia-Pacific was the largest region in the street furniture market in 2024.
North America is expected to be the fastest-growing region in the forecast
period. The regions covered in the street furniture market report are
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East, Africa.
What Does The Street Furniture Market Report 2025 Offer?
The street furniture market research report from The Business Research Company
offers global market size, growth rate, regional shares, competitor analysis,
detailed segments, trends, and opportunities.
Street furniture refers to various objects and structures placed in public
spaces, such as benches, trash bins, and lighting, designed to enhance the
urban environment. Its purpose is to provide functionality, comfort, and
aesthetic value, improving the overall quality of public spaces for residents
and visitors.
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