According to Custom Market Insights (CMI), the Global Outdoor Storage Shed Market size was estimated at USD 6.5 Billion in 2021 and is expected to hit around USD 10.2 Billion by 2030, poised to grow at a compound annual growth rate (CAGR) of 6% from 2022 to 2030.
The “Global Outdoor Storage Shed” report includes comprehensive information regarding the market’s historical and current estimations, future projections, market trends, competition, market dynamics, and recent developments in the Outdoor Storage Shed market forecast from 2022 to 2030.
Outdoor Storage Shed Market: Overview
Outdoor Storage sheds often stand outside of a house or place of business. They can be produced using plastic, metal, or wood materials. It stores items like lawnmowers, holiday decorations, and gardening tools. Outdoor Storage Shed are made to assist a person in organizing their tools and equipment. They shield goods from inclement weather like snow and rain. These shelters can be utilized for a variety of things, such as gardening, storage, or even leisure activities like camping.
Browse the full “Outdoor Storage Sheds Market Size, Trends, and Insights By Product (Steel Covered Sheds, Fabric Covered Sheds, Wood Covered Sheds, Deck Boxes), By Material (Steel, Resin, Wood, Plastic, Metal), By Application (Garden Tools & Equipment, Refuse Containers, Vehicular Storage), By Distribution Channel (Online, Offline), and By Region – Global Industry Overview, Statistical Data, Competitive Analysis, Share, Outlook, and Forecast 2023–2032 “ report at https://www.custommarketinsights.com/report/outdoor-storage-sheds-market/
Growth Factors
The global outdoor storage shed market is anticipated to develop due to the rising popularity of metal outdoor storage sheds. With industrialization spreading, there is an ongoing demand for storage space to house all of the necessary machinery, tools, and raw materials. As a result, there is a surging need for outdoor sheds in several industries. Steel is the most popular material for constructing outdoor industrial sheds because of its durability and toughness. Steel is one of the most robust metal-based materials. Thus, products produced with it last for a very long time. Additionally, steel-metal shelters have a longer lifespan because they don’t rust or get attacked by bugs. Additionally, compared to wooden outdoor sheds, these sheds require less care.
Using a pressure washer or water from a hose makes cleaning steel shelters much simpler. The sheds can also resist very high temperatures. Metal sheds are lighter than wood shelters, making them easier to transport when necessary. Due to a number of advantages, demand for outdoor metal sheds is increasing across a range of end-use sectors, which is boosting the market’s expansion.
Segmental Overview
The market for Outdoor Storage Sheds is segmented into product, material, application, and distribution channels. Based on the distribution channel, the offline segment is expected to witness a high CAGR during 2022-2030. As people increasingly shop and place orders online due to convenience and a large range of products, e-commerce is the distribution channel for outdoor storage products that are expanding the fastest. The “bricks and clicks” or BOPIS (buy online pick up in-store) strategy of ordering outdoor storage solutions allows customers to place orders online, have them delivered, or pick them up in-store.
Manufacturers or retailers may also offer installation-required sheds for sale online, giving customers the opportunity to do their own research, design, order, and coordinate the delivery and installation of their chosen shed. These sheds are typically wood models that are frequently sold directly to consumers by producers or through a dealer network.
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Regional Overview
People in North America take care of their lawns because they believe it to be a significant indicator of their social standing. Neighbourhoods and neighbours are connected via lawns. When it comes to property and resale values, they are seen as a sign of socioeconomic character. A well-kept lawn indicates that the property owner has the time and/or resources to support this appeal. As a result, individuals keep gardening tools and equipment for keeping lawns. To keep these tools and equipment, they require storage space. As a result, it is projected that the market for outdoor sheds will expand in the years to come.
Due to the growing gardening trend among Chinese people, China sees an increase in demand for sheds and related equipment. Chinese homes are constructed with a traditional flair, and many contain lawns and gardens. House owners are purchasing outside sheds to store tools, equipment, and other undesired items taking up needless room inside the house in order to maintain the gardens.
Competitive Landscape
Due to the existence of many multinationals competing to meet the high demand from a sizable base of end-users and consumers, the market’s competitive landscape is extremely fragmented. Important businesses are concentrating on using new marketing strategies and utilizing cutting-edge technologies to expand their customer base.
- 2019: The Graveyard Carz team and the ShelterTech brand collaborated to construct one of the largest ShelterTech structures to date, measuring 30 feet wide, 15 feet high, and 120 feet long. The largest single-piece cover ShelterTech has ever built is found on this unit, which was created just for the television program.
Prominent Players
- Biohort GmbH
- YardMaster International
- SHIRE GB
- Asgard Steel
- Forest Garden Group
- Keter Plastic
- Palram Applications
- BillyOh
- Grosfillex
- Mercia
Table of Contents: https://www.custommarketinsights.com/report/outdoor-storage-sheds-market/#table-of-contents
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