Allied Market Research published a new report, titled, “Outdoor Shed Market” The report offers an extensive analysis of key growth strategies, drivers, opportunities, key segment, Porter’s Five Forces analysis, and competitive landscape. This study is a helpful source of information for market players, investors, VPs, stakeholders, and new entrants to gain thorough understanding of the industry and determine steps to be taken to gain competitive advantage.
A wide variety of outdoor shed for various applications are available in the market, which propels demand for outdoor shed structures. Outdoor sheds are available in different materials such as wood shed, metal shed, and plastic sheds. Plastic outdoor sheds are expected to dominate the market during the projected period, owing to its practical advantages and applications over wooden and metal sheds.
Rise in disposable income of people in developing economies enhanced their purchasing power. People are now ready to pay more than before for lifestyle products and home renovation. It has increased demand for outdoor sheds. Rise in standard of living of people is also a growth driver for the outdoor shed market. As standard of living has increased wish of people to have outdoor sheds at homes and offices with antique, unique designs to have extra storage space and give a luxurious and classic feel.
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Rise in number of residential houses and bungalows along with large spaced backyards has increased demand for outdoor sheds. In addition, rise in demand for storing places for lawn mowers, fertilizers, and garden equipment has also increased demand for outdoor sheds.
The key market players profiled in the report include Backyard Products, Keter US Leisure, Palram Applications, Arrow Storage Products, Suncast Corporation, US Polymer, Cedarshed, Sheds USA, Newell Rubbermaid, Craftsman, Lifetime Products, ShelterLogic,
Geographically Analysis – North America (US, Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and the Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and the Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and the Rest of LAMEA)
COVID-19 Scenario Analysis:
The COVID-19 outbreak has shaken the whole economy in the world. In this scenario some industries are doing extremely well while others have been crushed. The food market, cleaning & hygiene product market, and medical industry are such categories that are witnessing a significant growth. The overall performance of home care and décor market has dropped in the pandemic. It includes bedding products, cushion market, furniture, outdoor sheds, and other discretionary products. The lockdown in different economies caused impaired supply chain and unavailability of workers and raw materials, owing to which production and demand both have decreased.
Key Segments Covered:
• Material Type
• Shed Type
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Key Benefits of the Report:
• This study presents the analytical depiction of the global outdoor shed industry along with the current trends and future estimations to determine the imminent investment pockets.
• The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global outdoor shed market share.
• The current market is quantitatively analyzed from 2020 to 2027 to highlight the global outdoor shed market growth scenario.
• Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
• The report provides a detailed global outdoor shed market analysis based on competitive intensity and how the competition will take shape in coming years.
About Allied Market Research:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.