Outdoor Shed Market Segments and Growth by 2031

The outdoor shed market size is projected to reach US$ 12,587.34 million by 2031 from US$ 7,258.84 million in 2023. The market is expected to register a CAGR of 7.1% during 2023–2031. The application of mercury and air toxics standards is likely to remain a key trend in the market.

Outdoor Shed Market Analysis

The increasing demand of gardening and lawns and continuing active lifestyles (bicycling, garden equipment, camping equipment, and others) require a place to store this equipment, and with the DIY (do it yourself) concept, most the consumer across the globe are establioshing outdoor sheds by themselves with the help of e-commerce for getting the raw materials. The development in the construction of residential and commercial buildings is estimated to provide growth opportunities to the market globally.

Outdoor Shed Market Overview

The key stakeholders in the global outdoor shed market ecosystem include raw materials, outdoor shed manufacturers, and end-users. The outdoor shed manufacturing market players procure raw materials such as metals, wood, and plastic from various suppliers across the globe. These suppliers continuously optimize their production lines and lead times to enhance their respective supply chains. Outdoor shed manufacturers are witnessing significant demand for their products owing to the rising demand in multiple fields, including an increase in the number of factories, increasing popularity of gardening & consumers’ penchant for maintaining their lawns, and continuing active lifestyles from the past few years across the globe.

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Outdoor Shed Market: Strategic Insights

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Outdoor Shed Market Drivers and Opportunities

Online Procurement of Outdoor Shed Equipment and Materials to Favor Market

Higher disposable incomes of individuals, owing to economic prosperity, have been a major factor driving the outdoor shed market in the residential sector. With the improving standard of living, the spending on home infrastructure is increasing. This, in turn, is increasing the demand for outdoor sheds globally. Consumers are now more focused on obtaining outdoor shed materials and equipment from online retailers, which is steering the growth of the outdoor shed market at the global level. Increasing shopping convenience and availability of more options are acting as a major growth propeller for the market of outdoor shed.

The Growing Popularity of Gardening and Consumers’ Penchant for Maintaining Lawns

The growing consumer preference for outdoor gardening and inclination towards maintaining laws are some of the prime drivers for the market of outdoor sheds. The increasing urbanization would be a result of higher disposable income, which would further enable the building of residential houses with lawns and would lead to the growth of the outdoor shed market globally. The rising consumer spending on outdoor infrastructure is likely to boost the demand for outdoor sheds globally.

Outdoor Shed Market Report Segmentation Analysis

Key segments that contributed to the derivation of the Outdoor Shed market analysis are type and application.

• Based on the type, the outdoor shed market is divided into wood sheds, metal sheds, and plastic sheds. The metal sheds segment held a larger market share in 2023.
• By application, the market is segmented into residential, commercial, and industrial. The commercial segment held a significant share of the market in 2023.

Outdoor Shed Market Share Analysis by Geography

The geographic scope of the outdoor shed market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.

Asia Pacific is leading the market. Governments of nations such as India and Indonesia actively provide subsidies on land and construction costs. This initiative is positively impacting the overall growth of industrialization in these countries and leading to the rise in demand for outdoor sheds. China and India as the world’s leading growing economies. Moreover, the Socio-Economic Development Plan (SEDP) has supported the country’s construction industry growth, which is acting as a major driver for the market. The governments in the Middle East & Africa are taking various initiatives to grow investment in manufacturing and construction sectors. South America consists of developing economies such as Brazil, Argentina, and Chile that attract investors for long-term investments. Thus, with the growing industrialization, the number of outdoor sheds in the factories is also increasing. The population of North American countries such as the US and Canada enjoys a high standard of living. The spending capacity of the people in these developed countries is also increasing due to the high per capita income. With active lifestyles (bicycling, skis, camping equipment, and others), people need to have a space to store such equipment. Therefore, the demand for outdoor sheds is increasing.

Outdoor Shed Market Regional Insights

The regional trends and factors influencing the Outdoor Shed Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses Outdoor Shed Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

Outdoor Shed Market Report Scope

Outdoor Shed Market Players Density: Understanding Its Impact on Business Dynamics

The Outdoor Shed Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the Outdoor Shed Market are:

1. Harwal Group of Companies
2. Marco Wood Products Inc.
3. Keter
4. Lifetime Products
5. PM Impex Pvt. Ltd.
6. Rubbermaid

Disclaimer: The companies listed above are not ranked in any particular order.

Outdoor Shed Market News and Recent Developments

The outdoor shed market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the outdoor shed market are listed below:

• ShelterLogic Group Inc. declared a strategic licensing agreement with consumer lawn and garden care company ScottsMiracle-Gro. (Source: ShelterLogic Group Inc, Press Release, November 2022)
• Suncast Corporation has declared the installation of new solar array panels to power its Batavia, Illinois operations. (Source: Suncast Corporation, Press Release, April 2021)

Outdoor Shed Market Report Coverage and Deliverables

The “Outdoor Shed Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

• Outdoor shed market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
• Outdoor shed market trends as well as market dynamics such as drivers, restraints, and key opportunities
• Detailed PEST and SWOT analysis
• Outdoor shed market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments
• Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the outdoor shed market
• Detailed company profiles