Asia-Pacific Outdoor Shed Market

Market Introduction

The huge population in the region has led to a high demand for residential and commercial construction activities. Asia Pacific comprises several developing economies such as China and India, as well as many Southeast Asian countries, which generate robust demands for infrastructure projects. The rising population of these countries is the main driver for the region's construction industry. Further, governments of various economies are taking several measures to attract private investments in construction and infrastructure development. For instance, the 2011–2020 Economic Transformation Program (ETP) by the Malaysian government attracts huge FDIs in the country's infrastructure and construction activities. Increasing industrial operations in the area, especially in India and China, have led to a rise in construction activities, thereby driving the demand for outdoor industrial sheds to store heavy machinery. These industrial sheds have open or closed sides, tilt panels, and concrete flooring to ensure that the machinery is not only safe but also protected from the reactive elements, giving it a longer shelf life. Manufacturing industries in Asian countries are booming at an exponential rate, which boosts the penetration of Industry 4.0. In addition, the Asian economy is known for having robust consumer electronics and semiconductor industries, which further contribute toward the growing adoption of outdoor industrial sheds. There has been an increase in the spending on small warehouses as a result of industrial development in developing countries (India and China), which is working as a favorable factor for the market. Commercial and industrial end users prefer to use outdoor storage sheds, owing to its low cost.

In case of COVID-19, APAC is highly affected specially India in 2021. The COVID-19 outbreak that emerged in China has affected several neighboring countries such as India, South Korea, and Japan. China and India are the most prominent manufacturing hubs in the region and have an enhanced focus on industrialization. The growth of the manufacturing industry has been hampered due to lockdown; however, the industry is soon expected to recover it by enhancing the production capabilities in the second half of 2021. The ban imposed on commercial activities has disrupted the industrial supply chains in APAC, leading to raw material shortages. Industries such as metal processing are the worst affected. Since steel is an important raw material for constructing outdoor industrial sheds, the nonavailability of raw materials has impacted the outdoor sheds manufacturers. The shortage of steel sheets is restricting the construction of steel sheds. Moreover, social distancing protocols are preventing consumers from visiting retail stores to purchase the necessary material. However, as the lockdown restrictions have been lifted, and vaccination process has begun, shipment of raw materials and industrial activities have started again. This will boost the growth of the outdoor shed manufacturing in the region.

Asia-Pacific Outdoor Shed Strategic Insights

Strategic insights for the Asia-Pacific Outdoor Shed provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.

Asia-Pacific Outdoor Shed Report Scope

Asia-Pacific Outdoor Shed Regional Insights

The geographic scope of the Asia-Pacific Outdoor Shed refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.

The APAC outdoor shed market is expected to grow from US$ 2,198.10 million in 2021 to US$ 3,495.73 million by 2028; it is estimated to grow at a CAGR of 6.9% from 2021 to 2028. Surging preference for metal outdoor sheds is expected to fuel the market growth in coming years. With growing industrialization across the region, there is a continuous need of storage area for storing all equipment, tools, and raw materials in 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. As it is considered as a strongest metal-based material, things made from steel last for a very long period. Additionally, steel-metal sheds do not rot or get destroyed by pests, accelerating its usage. Further, these sheds require less maintenance than wooden outdoor sheds. It is also much easier to clean steel sheds with a pressure washer or hose water. Moreover, the sheds can withstand extreme temperatures. When required, metal sheds are easier to transport as they are comparatively lighter than the wood sheds. A few manufacturers across APAC region who provide metal outdoor sheds are Aussie Outdoor, E- Pack Polymers Private Limited, and Bharathi Steel Building Solutions. Owing to various benefits, demand for metal outdoor sheds is rising by various end-use industries, which propels the APAC market growth.

Key Market Segments

In terms of type, the metal sheds segment accounted for the largest share of the APAC outdoor shed market in 2020. In terms of application, the commercial segment held a larger market share of the APAC outdoor shed market in 2020.   

Major Sources and Companies Listed

A few major primary and secondary sources referred to for preparing this report on the APAC outdoor shed market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are Keter, Lifetime Products, PM Impex Pvt. Ltd., Pressmach Infrastructure Private Limited, Rubbermaid, ShelterLogic, and Suncast.

Reasons to buy report

• To understand the APAC outdoor shed market landscape and identify market segments that are most likely to guarantee a strong return
• Stay ahead of the race by comprehending the ever-changing competitive landscape for APAC outdoor shed market 
• Efficiently plan M&A and partnership deals in APAC outdoor shed market by identifying market segments with the most promising probable sales
• Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form APAC outdoor shed market
• Obtain market revenue forecast for market by various segments from 2021-2028 in APAC region.

APAC Outdoor Shed Market Segmentation

APAC Outdoor Shed Market - By Type

• Wood Sheds
• Metal Sheds
• Plastic Sheds

APAC Outdoor Shed Market -

By Application

• Residential
• Commercial 
• Industrial

APAC Outdoor Shed Market - By Country

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

APAC Outdoor Shed Market - Company Profiles

• Keter
• Lifetime Products
• PM Impex Pvt. Ltd.
• Pressmach Infrastructure Private Limited
• Rubbermaid
• ShelterLogic
• Suncast