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.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Outdoor Shed Market: Strategic Insights
Market Size Value in US$ 6,590.60 Million in 2021 Market Size Value by US$ 9,615.28 Million by 2028 Growth rate CAGR of 5.5% from 2021-2028 Forecast Period 2021-2028 Base Year 2021
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Outdoor Shed Market: Strategic Insights
| Market Size Value in | US$ 6,590.60 Million in 2021 |
| Market Size Value by | US$ 9,615.28 Million by 2028 |
| Growth rate | CAGR of 5.5% from 2021-2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
Naveen
Have a question?
Naveen will walk you through a 15-minute call to present the report’s content and answer all queries if you have any.
Speak to Analyst
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 Report Scope
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
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Type and Application
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Russian Federation, Saudi Arabia, South Africa, South Korea, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
Asia Pacific dominated the outdoor shed market in 2023.
The increasing development in the construction sector is the future trend of the outdoor shed market.
Harwal Group of Companies, Marco Wood Products Inc., Keter, Lifetime Products, PM Impex Pvt. Ltd., Rubbermaid, ShelterLogic, Suncast, Tuff Shed, and Pressmach Infrastructure Private Limited. are some of the leading players in the market.
US$ 12,587.34 million estimated value of the outdoor shed market by 2031.
7.1% is the expected CAGR of the outdoor shed market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- 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.
- 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:
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.
- 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.
- 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.
Trends and growth analysis reports related to Outdoor Shed Market
Jun 2024
Welded Steel Tubes Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Steel Grades (Carbon Base Grades, Boron Grades, Alloy Grades, HSLA, AHSS, and Others), Application (Exhaust, Automotive, Appliances, Medical Devices, HVAC, Burner, Conveyor Belts, and Others), Type (ERW, LSAW, and SSAW), Coating Type (Clear Coat and Non-Coated), and Geography
Jun 2024
High Heat Bearing Market
Size and Forecast (2021–2031), Country Share, Trend, and Growth Opportunity Analysis Report Coverage: by Type [Plain Bearings (Spherical Plain Bearings, Rod Ends, and Bushings), Roller Bearings, and Deep Groove Ball Bearings], Industry (Metal Processing, Aerospace, Defense, Food and Beverages, Energy and Power, Manufacturing, Automotive, and Others), and Geography
Jun 2024
Electromechanical Joining Servo Press Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Stroke (Upto 100 mm, 101-200 mm, 201-400 mm, 401-600 mm and Above 601 mm), Application (Automotive Industry, Electric and Electronic Industry, Medical Device Manufacturing and Others), and Geography
Jun 2024
Indexable Inserts Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Insert Shape (Round, Square, Triangle, Rhombic, and Others), Application (Milling, Drilling, Turning, Threading, and Others), Size (Up to 10 mm, 10-20 mm, and Above 20 mm), Insert Material (Carbide, Ceramic and Composites, PCD Inserts, and Others), Industry (Aerospace and Defense, General Industry, Oil and Gas, Power Generation, Automotive, Electric and Electronics, Medical, and Others), and Geography
Jun 2024
End Mills Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Material (Carbide, Steel, and Others), Type (Square Nose, Ball Nose, and Others), Diameter Size (Upto 4 mm, 4–6 mm, 6–8 mm, 8–12 mm, and Above 12 mm), End-Use Industry (Automotive, Heavy Machinery, Semiconductor and Electronics, Medical and Healthcare, Energy, Aerospace and Others), and Geography
Jun 2024
Plain Bearings Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Product Type [Spherical Bearings (Radial, Angular, and Thrust), Rod Ends (Female Thread, Male Thread, and Welding Shank), and Bushings], Application (Agriculture, Construction, Industrial Vehicles, Automotive and Transportation, Aerospace and Defense, Energy and Power, and Others), and Geography
Jun 2024
Thermostatic Mixers Market
Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Mounting Type (Deck Mount and Wall Mount), Application (Residential and Commercial), Design Type (Concealed and Exposed), and Geography
Jun 2024
Get Free Sample For