Pergolas Market Size, Share, Growth & Industry Trends [2031]

Report Description

Pergolas Market Outlook 2031:

The Global Pergolas Market was estimated at USD 1,817.0 Mn in 2022 and is anticipated to reach USD 4,559.6 Mn by 2031, expanding at a CAGR of 10.8% during the forecast period.

A pergola is a long and narrow structure that uses four freestanding pillars or columns to support a roof. It can be attached directly to a home or be completely freestanding. The common versions of pergolas are topped with a series of cross beams for a thatched appearance. Additionally, there are retractable, smart, and louvered options available for different preferences.

One of the popular styles of pergolas is the traditional style. This style features a flat roof with a series of evenly spaced rafters that are parallel to the ground. The traditional style is often used in formal gardens and outdoor spaces. This style is characterized by the use of clean lines and simple forms, which makes it a popular choice for those who prefer a minimalist aesthetic.

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Macro-economic Factors

Economic Growth

Increased demand: As the economy grows, more people have disposable income to spend on home improvement projects, such as adding a pergola to their backyard. This is leading to an increase in the demand for pergolas.

Rising competition: The increase in demand for pergolas is boosting competition among pergola manufacturers. This is reducing prices and making pergolas more affordable for consumers.

New product innovation: Manufacturers are using novel materials, such as sustainable materials, such as bamboo and recycled plastic, and designs to cater to the changing needs of consumers.

Inflation

Higher prices: Inflation is increasing the prices of materials, such as wood and metal. This is making pergolas costly, which deters some homeowners from adopting them.

Lower demand: The demand for pergolas is likely to decrease with the increase in their prices. This is because homeowners are more likely to choose less expensive options, such as a gazebo or pavilion, as it serves a similar purpose as pergolas at a cheaper price.

Slower growth: The pergola market is expected to grow slowly in the regions where inflation is very high and thus impacting their prices.

Market Dynamics

Market Driver- Increase in Home Improvement Projects

The home improvement projects have been on the rise in recent years, as a large number of homeowners are investing in their properties. This trend is expected to continue in the coming years, as homeowners look for ways to increase the value and functionality of their homes. Pergolas are a popular choice for home improvement projects, as they offer a number of benefits such as shade, improved aesthetics, and increase value of a property. Thus, boosting the market in the coming years.

Market Driver- Rise in Preference for Outdoor Living Spaces

The preference for outdoor living spaces is increasing, as more people are spending time outdoors, engaging in activities, such as gardening, grilling, and picnic. Moreover, growing awareness of the importance of getting regular exercise outdoors is encouraging people to extend their living space into the yard. Thus, making pergolas a popular choice, as they provide a shaded. People are also employing pergolas in their private gardens and patio, thereby extending their area for dining, relaxing, or entertaining guests.

Market Restraint- High Installation and Maintenance Costs

The cost of materials is one of the biggest expenses when it comes to installing a pergola. The type of material one chooses impacts the overall cost. For example, a wooden pergola is less costly than a metal one. This can be a significant expense for many homeowners, especially those who are on a budget.

Pergolas require regular maintenance, such as staining or painting, to protect them from the elements. The cost of maintenance can vary depending on the type of pergola and the frequency of maintenance; however, it can often cost hundreds of dollars per year. Hence, the high cost of installation and maintenance deters homeowners from purchasing them.

Market Opportunity- Expansion of Urban Outdoor Living

As urban areas are becoming more crowded and space is limited, people are increasingly looking for ways to maximize their outdoor living areas. In densely populated urban areas, owning an outdoor space is often at a premium. Pergolas offer a solution for homeowners to optimize their outdoor areas efficiently. These structures can be installed on rooftops, balconies, and even in small backyards, transforming underutilized spaces into functional and aesthetically pleasing outdoor living areas. Hence, the expansion of urban outdoor living spaces presents a significant opportunity in the pergola market in the future.

Scope of the Pergolas Market Report  

The report on the global Pergolas market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Pergolas Market Segmental Outlook

Based on type, the market is segmented into wooden, fiberglass, metal, and others. The wooden segment is expected to hold a considerable share of the market during the forecast, as wooden pergolas are the preferred choice in restaurants and home settings for their aesthetic.

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On the basis of application, the market is fragmented into residential and commercial. The commercial segment holds a key share of the market, due to rise in urban construction projects providing more leisure to customers.

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Regional Outlook

Based on regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America accounted for a significant share of the market in 2022. Construction of dining and leisure areas is a growing trend in North America, which is expected to drive the market over the forecast period. Europe holds a significant share in the market, as pergolas are increasingly being used in countries such as Italy, Spain, and Greece. These countries have a long tradition of outdoor living and al fresco dining.

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Key Benefits for Industry Participants & Stakeholders

• In-depth Analysis of the Global Pergolas Market

• Historical, Current, and Projected Market Size in Terms of Value

• Potential & Niche Segments and Regions Exhibiting Promising Growth Covered

• Industry Drivers, Restraints, and Opportunities Covered in the Study

• Recent Industry Trends and Developments

• Competitive Landscape & Strategies of Key Players

• Neutral Perspective on Global Pergolas Market Performance