The global outdoor shed market is experiencing a significant growth, and is expected to grow considerably in next few years, owing to increase in disposable income. Outdoor shed is a small building structure that is build for storage, office, or studio, usually situated at side yard or backyard of a residential building or commercial building. Outdoor shed is used for various purposes such as for greenhouses, storing lawn mowers, garden, and yard equipment, as an office or studio outside home, or and a play house for children. There are different types of sheds such as potting shed and Gambrel- style shades among others. A potting shed works as a greenhouse. It has regular door along with glass panes or barn-like sliding door so that natural light can enter inside while working in it. A gambrel style outdoor shed have steeply sloped roof with a good head space.
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing extremely well while others have been crushed. The food market, cleaning & hygiene product market, and medical industry are such categories that are witnessing a significant growth. The overall performance of home care and décor market has dropped in the pandemic. It includes bedding products, cushion market, furniture, outdoor sheds, and other discretionary products. The lockdown in different economies caused impaired supply chain and unavailability of workers and raw materials, owing to which production and demand both have decreased.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers, and Impact Analysis
A wide variety of outdoor shed for various applications are available in the market, which propels demand for outdoor shed structures. Outdoor sheds are available in different materials such as wood shed, metal shed, and plastic sheds. Plastic outdoor sheds are expected to dominate the market during the projected period, owing to its practical advantages and applications over wooden and metal sheds.
Rise in disposable income of people in developing economies enhanced their purchasing power. People are now ready to pay more than before for lifestyle products and home renovation. It has increased demand for outdoor sheds. Rise in standard of living of people is also a growth driver for the outdoor shed market. As standard of living has increased wish of people to have outdoor sheds at homes and offices with antique, unique designs to have extra storage space and give a luxurious and classic feel.
Rise in number of residential houses and bungalows along with large spaced backyards has increased demand for outdoor sheds. In addition, rise in demand for storing places for lawn mowers, fertilizers, and garden equipment has also increased demand for outdoor sheds.
Rise in demand for outdoor sheds in developing countries, owing to increase in lifestyle and income is expected to provide lucrative opportunities for the market growth.
Constructing outdoor sheds by DIY (do it yourself), using outdoor shed is are expected to hamper growth of the market. In addition, high maintenance cost and hectic process of maintaining and cleaning outdoor sheds also hinder demand for these sheds.
Key Benefits of the Report:
- This study presents the analytical depiction of the global outdoor shed industry along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global outdoor shed market share.
- The current market is quantitatively analyzed to highlight the global outdoor shed market growth scenario.
- Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
- The report provides a detailed global outdoor shed market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the Outdoor shed Market Research Report:
- Who are the leading market players active in the outdoor shed market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the outdoor shed market?
- What are the projections for the future that would help in taking further strategic steps?
Outdoor Shed Market Report Highlights
By Shed Type
Key Market Players
Cedarshed, US Polymer, Suncast Corporation, Palram Applications, Keter US Leisure, Craftsman, ShelterLogic,, Arrow Storage Products, Backyard Products, Sheds USA, Lifetime Products, Newell Rubbermaid