Global Residential Outdoor Storage Products Market Size To Worth USD 2.10 Billion By 2033 | CAGR of 3.92%
Category: Advanced MaterialsGlobal Residential Outdoor Storage Products Market Size To Worth USD 2.10 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Residential Outdoor Storage Products Market Size is to Grow from USD 1.43 Billion in 2023 to USD 2.10 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.92% during the projected period.
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Browse key industry insights spread across 210 pages with 95 Market data tables and figures & charts from the report on the "Global Residential Outdoor Storage Products Market Size, Share, and COVID-19 Impact Analysis, By Material (Wood, Plastic, Metal, and Others), By Product (Shipping Containers, Sheds, Deck Boxes, Bins & Totes, Outdoor Shelves, and Outdoor Storage Benches & Cabinets), By Distribution Channel (Retail, Wholesale, and E-Commerce), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/residential-outdoor-storage-products-market
Residential outdoor storage products are items designed to give organized and easy-access storage options for outside spaces. These products include sheds, deck boxes, storage cabinets, and storage spaces for tools containers made of wood, metal, and plastic. They are designed to withstand the outdoors while also providing a convenient and practical way to organize outdoor equipment and possessions. The increasing amount of nuclear families around the world, driven by the increasing importance of economic and social mobility for job prospects, marriages, and education, is expected to reduce demand for large-sized single-family homes. However, one of the most major challenges in the residential outdoor items for storage sector is the high initial cost of high-quality goods.
The plastic segment accounted for the largest revenue market share of the residential outdoor storage products market during the projected timeframe.
Based on the material, the residential outdoor storage products market is divided into wood, plastic, metal, and others. Among these, the plastic segment accounted for the largest revenue market share of the residential outdoor storage products market during the projected timeframe. Plastic outdoor storage commodities for homes are anticipated to have significant demand over the forecast period. Customers favor plastics because of their many sizes and shapes in addition to their ability to withstand water.
The outdoor storage benches & cabinets segment is anticipated to grow at the highest CAGR of the residential outdoor storage products market during the projected timeframe.
Based on the product, the residential outdoor storage products market is divided into shipping containers, sheds, deck boxes, bins & totes, outdoor shelves, and outdoor storage benches & cabinets. Among these, the outdoor storage benches & cabinets segment is anticipated to grow at the highest CAGR of the residential outdoor storage products market during the projected timeframe. Cedar, which is pine trees, and walnut are great timbers for outdoor benches due to their high strength and water resistance. However, as cedar and teak are priced higher than pine, pine is commonly used in the design and manufacture of storage benches and cabinets.
The retail segment dominates the market with the highest market share of the residential outdoor storage products market during the projected timeframe.
Based on the distribution channel, the residential outdoor storage products market is divided into retail, wholesale, and e-commerce. Among these, the retail segment dominates the market with the highest market share of the residential outdoor storage products market during the projected timeframe. The industry's most common distribution channel is retail. Although they are useful and occasionally involve shipping and assembly services, customers buy items like deck boxes, bins, bags, outdoor shelves, outdoor benches, cabinets, and sheds straight from the owners of businesses.
North America is expected to hold the largest share of the residential outdoor storage products market over the forecast period.
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North America is expected to hold the largest share of the residential outdoor storage products market over the forecast period. The growing practice of creating patios or pergolas outside of homes for enjoyment and amusement is also driving demand for residential outdoor storage items including deck boxes, bins, totes, outdoor shelves, outdoor storage benches, cabinets, and so on. As lifestyles of individuals change, there will be a greater emphasis on outside activities and a greater need for outdoor storage in North America.
Europe is predicted to grow at the fastest pace in the residential outdoor storage products market during the projected timeframe. Rising customer concerns about improving storage capabilities in their residential spaces to enhance the interior appearance of their homes are predicted to increase the appeal of outdoor storage in Europe in the future years.
Major vendors in the residential outdoor storage products market are ShelterLogic Group, Lifetime Products, Suncast Corporation, CEDARSHED, Tuff Shed Inc., Backyard Buildings & More, Keter, Rubbermaid, Leisure Season Ltd, Barnyard Utility Buildings, Harwal Group of Companies, Palram Industries Ltd., Porta-King Building Systems, Keter, and others.
Recent Developments
- In March 2023, Keter, an international leader in outdoor storage solutions, announced its latest line of residential storage items, designed to satisfy the changing needs of householders. The new assortment includes adaptable storage shelters, deck boxes, and cabinets made of high-quality, resistant to the elements materials.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the residential outdoor storage products market based on the below-mentioned segments:
Global Residential Outdoor Storage Products Market, By Material
- Wood
- Plastic
- Metal
- Others
Global Residential Outdoor Storage Products Market, By Product
- Shipping Containers
- Sheds
- Deck Boxes, Bins & Totes
- Outdoor Shelves
- Outdoor Storage Benches & Cabinets
Global Residential Outdoor Storage Products Market, By Distribution Channel
- Retail
- Wholesale
- E-Commerce
Global Residential Outdoor Storage Products Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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