North America Outdoor Shed Market to Grow at a CAGR of 5.0% to reach US$ 2,511.03 Mn Million from 2021 to 2028

North America Outdoor Shed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Wood Sheds, Metal Sheds, and Plastic Sheds) and Application (Residential, Commercial, and Industrial)

  • Report Code : TIPRE00024089
  • Category : Manufacturing and Construction
  • Status : Published
  • No. of Pages : 91
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The North America outdoor shed market is expected to grow from US$ 1,783.37 million in 2021 to US$ 2,511.03 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Growing preference for metal outdoor sheds is expected to surge the market growth in North America region. With growing industrialization across the region, there is a continuous need of storage area for storing all equipment, tools, and raw materials in a single place. Therefore, the demand for outdoor sheds is growing in industries. Steel metal is the most preferred material for building outdoor industrial sheds owing to its properties such as tough nature and sturdiness. As it is considered as a strongest metal-based material, things made from steel last for a very long period of time. Additionally, steel-metal sheds do not rot or get destroyed by pests, accelerating its usage. Further, these sheds require less maintenance than wooden outdoor sheds. It is also much easier to clean steel sheds with a pressure washer or hose water. Moreover, the sheds can withstand extreme temperatures. When required, metal sheds are easier to transport as they are comparatively lighter than the wood sheds. Owing to various benefits, demand for metal outdoor sheds is rising by various end-use industries, which propels the North America market growth.

In case of COVID-19, North America is among the worst-hit regions by the pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas – supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. North American manufacturers of outdoor sheds suffered a significant loss in the first half of 2020, owing to the high number of COVID-19 cases, specifically in the US. Thus, the constant demand for outdoor sheds witnessed a slight decrease in 2020, owing to the lockdown imposed by the government and low manufacturing of sheds. This has hindered the growth of the outdoor shed market last year, which is likely to continue slightly during 2021. The major loss was seen in commercial and industrial applications; however, in the residential sector, the demand is being sustained due to the penetration of online marketing. As residents are forced to remain indoors, recreational activities such as gardening are surging. This has escalated the demand for new gardening equipment and discarding of old ones. Moreover, to store the obsolete material, people are investing in making more outdoor sheds. Thus, people are purchasing all the equipment online. Therefore, this factor is driving the North America outdoor shed market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America outdoor shed market. The North America outdoor shed market is expected to grow at a good CAGR during the forecast period.
North America outdoor shed market

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North America Outdoor Shed Market Segmentation        

North America Outdoor Shed Market – By Type

  • Wood Sheds
  • Metal Sheds
  • Plastic Sheds

North America Outdoor Shed Market – By Application

  • Residential
  • Commercial 
  • Industrial

North America Outdoor Shed Market, by Country

  • US
  • Canada
  • Mexico

North America Outdoor Shed Market -Companies Mentioned

  • DuraMax
  • Handy Home Products 
  • Keter
  • Lifetime Products
  • Rubbermaid 
  • ShelterLogic
  • Suncast
  • Tuff Shed
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Type and Application

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

US, Canada

  1. DuraMax
  2. Handy Home Products
  3. Keter
  4. Lifetime Products
  5. Rubbermaid
  6. ShelterLogic
  7. Suncast
  8. Tuff Shed

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. Data Collection and Secondary Research:

As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.

Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.

  1. Primary Research:

The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.

For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.

A typical research interview fulfils the following functions:

  • Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
  • Validates and strengthens in-house secondary research findings
  • Develops the analysis team’s expertise and market understanding

Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:

  • Industry participants: VPs, business development managers, market intelligence managers and national sales managers
  • Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.

Below is the breakup of our primary respondents by company, designation, and region:

Research Methodology

Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.

  1. Data Analysis:

Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.

  • 3.1 Macro-Economic Factor Analysis:

We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.

  • 3.2 Country Level Data:

Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.

  • 3.3 Company Profile:

The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.

  • 3.4 Developing Base Number:

Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.

  1. Data Triangulation and Final Review:

The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.

We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.

We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.

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