Outdoor Shed Market to Grow at a CAGR of 5.5% to reach US$ 9,615.28 million from 2021 to 2028

The outdoor shed market is expected to grow from US$ 6,590.60 million in 2021 to US$ 9,615.28 million by 2028; it is estimated to grow at a CAGR of 5.5% during 2021–2028.

With growing industrialization across the world, there is a continuous need of storage area for storing all equipment, tools, and raw materials at 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. Increase in adoption of smartphones and high penetration of internet are bolstering the adoption of e-commerce across the world. Nowadays, products are easily accessible, with only a tap away. This has also influenced the outdoor shed businesses to adopt online selling channels to expand their respective customer bases. With the increase in population, the construction of residential houses is increasing. With this growth, the gardening activities are also rising. For keeping gardening tools, such as lawnmower, outdoor sheds are needed. For instance, the Garden Shed Company mentioned that there has been an increase in the number of orders for sheds and shed equipment in the UK. Also, in October 2020, the Timber Trade Federation reported that the imports of softwood were 34% higher than a year earlier. With stocks running low, whatever wood is available is quickly snapped up, according to The Economist Newspaper Limited 2021.

Impact of COVID-19 Pandemic on Outdoor Shed Market

The COVID-19 pandemic has affected the growth of several industries worldwide, including the outdoor shed market.The tremendous growth in the spread of the virus has urged governments worldwide to impose strict restrictions on vehicle and human movement. Due to travel bans, mass lockdowns, and business shutdowns, the pandemic has affected economies and countless industries in various countries. The lockdown imposition has resulted in lesser production of commodities, goods, and services. Manufacturing, automotive, semiconductor & electronics, oil & gas, mining, aviation, and other industries have witnessed a decline in their operations due to the temporary shutdown of activities. The worldwide lockdown to minimize the transmission of virus has significantly disrupted the supply chain activities, along with the production volume, across several manufacturers, especially the small & medium enterprise owners. Moreover, the production activities in multiple industries have contracted significantly in 2020, resulting in decline in the manufacturing of outdoor sheds.

However, with the increase in popularity of gardening and consumers’ penchant for maintaining their lawns and continuing active lifestyles (bicycling, skis, camping equipment, and others), consumers need a place to store such equipment. Moreover, with the do-it-yourself (DIY) concept, most of the people across the globe are building outdoor sheds by themselves with the help of e-commerce for getting the raw materials. Also, with the release of lockdown restrictions in 2021, the manufacturing business has started in full strength, which would help in creating a positive scenario for the outdoor shed market. 

Lucrative Regions for Outdoor Shed Providers

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Outdoor Shed Market Insights

Continued Active Lifestyles and Expanding Infrastructure   

To address the problems of sedentary living and obesity among children and adults, physical activities including sports, organized recreation and fitness activities are increasingly being adopted and promoted across the globe. The increasing active lifestyle across the world that comprises bicycling, skis, camping, and other such physical activities will create a need of extra space other than the residential houses to store activity equipment, which will offer lucrative opportunities for the outdoor shed market in the coming years.

Further, the developing countries worldwide are focusing largely on infrastructure development. Since a large number of industries require storage solutions for machinery and equipment, there is a huge demand for outdoor sheds in these countries. This will create ample opportunities for outdoor shed manufacturers to diversify their product portfolio and expand to a larger market.

Type - Based Market Insights

Based on type, the market is categorized into wood shed, metal shed, and plastic shed. The metal shed segment represented the largest share of the overall market in 2020.

Outdoor Shed Market, by Type, 2020 and 2028 (%)

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Application-Based Market Insights

Based on application, the outdoor shed market is segmented into residential, commercial, and industrial. The outdoor shed market was dominated by the commercial segment.

Strategic Insights

The players operating in the outdoor shed market adopt strategies such as mergers, acquisitions, and market initiatives to maintain their positions in the market. A few developments by key players are listed below:

• In April 2021, UBQ Materials, developer of the most climate-positive thermoplastic material on the market, entered into a partnership with Keter Group, to incorporate UBQ™ into multiple product lines to achieve the sustainability goal of incorporating 55% recycled content in its product line by 2026.
• In May 2019, ShelterLogic Group’s ShelterTech brand teamed up with Graveyard Carz to build one of the largest ShelterTech buildings to date with dimensions 30 ft. wide, 15 ft. high, and 120 ft. long.

The global outdoor shed market has been segmented as mentioned below:

By Type

• Wood Sheds
• Metal Sheds
• Plastic Sheds

By Application

• Residential
• Commercial
• Industrial

By Geography

• North America

  • US
  • Canada
  • Mexico

• Europe

  • France
  • Germany
  • Italy
  • UK
  • Russia
  • Rest of Europe

• Asia Pacific (APAC)

  • China
  • India
  • South Korea
  • Japan
  • Australia
  • Rest of APAC

• Middle East & Africa (MEA)

  • South Africa
  • Saudi Arabia
  • UAE
  • Rest of MEA

• South America (SAM)

  • Brazil
  • Argentina
  • Rest of SAM

Company Profiles

• Duramax
• Handy Home Products
• Keter
• Lifetime Products
• PM Impex Pvt. Ltd.
• Rubbermaid
• ShelterLogic
• Suncast
• Tuff Shed
• Pressmach Infrastructure Private Limited.