North America Outdoor Shed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Wood Sheds, Metal Sheds, and Plastic Sheds) and Application (Residential, Commercial, and Industrial)
Market Introduction
With the increase in renovation and new infrastructural projects, the flourishing construction industry is expected to drive the outdoor shed-related businesses. The construction business in North America is one of the factors driving the regional outdoor shed market in the region. Over the past few years, regional economies such as the US and Canada have experienced massive infrastructural development growth, which has maximized the outdoor shed demand in the region. Additionally, high per capita income of the population in the area drives widespread infrastructural constructions and upgrades in the North American region. Further, increase in consumer spending on home repairs and renovations will boost the need for storage spaces outside the home. This would propel the demand for outdoor sheds in North America. Additionally, the demand for the outdoor sheds in North America is increasing due to the popularity of gardening and consumers’ penchant for maintaining their lawns and continuing active lifestyles (bicycling, skis, camping equipment, and others) that require a storage place. Furthermore, the number of dual-income houses in North America has progressed with urban advancement and financial improvement. It has consequently formulated investment in outdoor horticulture and lawn setting.
In case of COVID-19, North America is among the worst-hit regions by the pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas – supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. North American manufacturers of outdoor sheds suffered a significant loss in the first half of 2020, owing to the high number of COVID-19 cases, specifically in the US. Thus, the constant demand for outdoor sheds witnessed a slight decrease in 2020, owing to the lockdown imposed by the government and low manufacturing of sheds. This has hindered the growth of the outdoor shed market last year, which is likely to continue slightly during 2021. The major loss was seen in commercial and industrial applications; however, in the residential sector, the demand is being sustained due to the penetration of online marketing. As residents are forced to remain indoors, recreational activities such as gardening are surging. This has escalated the demand for new gardening equipment and discarding of old ones. Moreover, to store the obsolete material, people are investing in making more outdoor sheds. Thus, people are purchasing all the equipment online. Therefore, this factor is driving the North America outdoor shed market.
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Market Overview and Dynamics
The North America outdoor shed market is expected to grow from US$ 1,783.37 million in 2021 to US$ 2,511.03 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028. Physical activity is one of the essential practices that aim to seriously address the problems of sedentary living and obesity among children and adults. Active living contributes to the physical and mental well-being of an individual and community. Physical activities are not limited to sports or organized recreation. They exist everywhere, where people live and work, and in neighborhoods. For instance, people in the US mainly focus on active lifestyles to stay healthy. According to the world health organization (WHO), the US study found that physically active people have lower annual direct medical costs than inactive people. The study also showed that increasing regular moderate physical activity among inactive adults might reduce the annual national direct medical costs by many billions of dollars. Employers also benefit, since having a physically active workforce can lead to reductions in absenteeism and increased productivity. Cities that spend the least on providing mobility infrastructure for their inhabitants are medium- or high-density towns, where trips are being made mainly using public transport, walking, and cycling. The increasing active lifestyle across the region 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 North America outdoor shed market in the coming years.
Key Market Segments
In terms of type, the metal sheds segment accounted for the largest share of the North America outdoor shed market in 2020. In terms of application, the commercial segment held a larger market share of the North America 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 North America 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 DuraMax, Handy Home Products, Keter, Lifetime Products, Rubbermaid, ShelterLogic, Suncast, and Tuff Shed.
Reasons to buy report
- To understand the North America 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 North America outdoor shed market
- Efficiently plan M&A and partnership deals in North America 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 North America outdoor shed market
- Obtain market revenue forecast for market by various segments from 2021-2028 in North America region.
North America Outdoor Shed Market Segmentation
North America Outdoor Shed Market - By Type
- Wood Sheds
- Metal Sheds
- Plastic Sheds
North America Outdoor Shed Market - By Application
- Residential
- Commercial
- Industrial
North America Outdoor Shed Market - By Country
- US
- Canada
- Mexico
North America Outdoor Shed Market - Company Profiles
- DuraMax
- Handy Home Products
- Keter
- Lifetime Products
- Rubbermaid
- ShelterLogic
- Suncast
- Tuff Shed
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 North America Outdoor Shed Market – By Type
1.3.2 North America Outdoor Shed Market – By Application
1.3.3 North America Outdoor Shed Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Outdoor Shed Market Landscape
4.1 Market Overview
4.2 North America PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Outdoor Shed Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Growing Preference for Metal Outdoor Sheds
5.1.2 Rising Online Purchases of Outdoor Shed Equipment and Materials
5.2 Key Market Restraints
5.2.1 High Raw Material Cost
5.3 Key Market Opportunities
5.3.1 Continued Active Lifestyles
5.4 Future Trends
5.4.1 Increasing Popularity of Gardening and Consumers’ Penchant for Maintaining their Lawns
5.5 Impact Analysis of Drivers and Restraints
6. Outdoor Shed Market – North America Analysis
6.1 North America Outdoor Shed Market Overview
6.2 North America Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7. North America Outdoor Shed Market Analysis – By Type
7.1 Overview
7.2 North America Outdoor Shed Market Breakdown, By Type (2020 and 2028)
7.3 Wood Sheds
7.3.1 Overview
7.3.2 Wood Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7.4 Metal Sheds
7.4.1 Overview
7.4.2 Metal Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7.5 Plastic Sheds
7.5.1 Overview
7.5.2 Plastic Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8. North America Outdoor Shed Market Analysis – By Application
8.1 Overview
8.2 North America Outdoor Shed Market Breakdown, By Application (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
9. North America Outdoor Shed Market – Country Analysis
9.1 Overview
9.1.1 North America: Outdoor Shed Market, by Key Country
9.1.1.1 US: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 US: Outdoor Shed Market, by Type
9.1.1.1.2 US: Outdoor Shed Market, by Application
9.1.1.2 Canada: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Canada: Outdoor Shed Market, by Type
9.1.1.2.2 Canada: Outdoor Shed Market, by Application
9.1.1.3 Mexico: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 Mexico: Outdoor Shed Market, by Type
9.1.1.3.2 Mexico: Outdoor Shed Market, by Application
10. North America Outdoor Shed Market- COVID-19 Impact Analysis
10.1 North America
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 Merger and Acquisition
11.4 New Development
12. Company Profiles
12.1 DuraMax
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Handy Home Products
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Keter
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Lifetime Products
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Rubbermaid
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
12.6 ShelterLogic
12.6.1 Key Facts
12.6.2 Business Description
12.6.3 Products and Services
12.6.4 Financial Overview
12.6.5 SWOT Analysis
12.6.6 Key Developments
12.7 Suncast
12.7.1 Key Facts
12.7.2 Business Description
12.7.3 Products and Services
12.7.4 Financial Overview
12.7.5 SWOT Analysis
12.7.6 Key Developments
12.8 Tuff Shed
12.8.1 Key Facts
12.8.2 Business Description
12.8.3 Products and Services
12.8.4 Financial Overview
12.8.5 SWOT Analysis
12.8.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. North America Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. North America Outdoor Shed Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Outdoor Shed Market, by Type –Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Outdoor Shed Market, by Application –Revenue and Forecast to 2028 (US$ Million)
Table 5. Canada: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Canada: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. Mexico: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. Mexico: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. List of Abbreviation
LIST OF FIGURES
Figure 1. North America Outdoor Shed Market Segmentation
Figure 2. North America Outdoor Shed Market Segmentation – By Country
Figure 3. North America Outdoor Shed Market Overview
Figure 4. Metal Sheds Segment held the largest share of North America Outdoor Shed Market in 2020
Figure 5. Commercial Segment held the largest share of North America Outdoor Shed Market in 2020
Figure 6. Mexico to Show Great Traction During Forecast Period
Figure 7. North America: PEST Analysis
Figure 8. North America Outdoor Shed Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. North America Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. North America Outdoor Shed Market Breakdown, By Type (2020 and 2028)
Figure 13. North America Wood Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. North America Metal Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. North America Plastic Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. North America Outdoor Shed Market Breakdown, By Application (2020 and 2028)
Figure 17. North America Residential: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. North America Commercial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. North America Industrial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Outdoor Shed Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. North America: Outdoor Shed Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. US: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Canada: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Mexico: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Impact of COVID-19 Pandemic in North American Countries
- DuraMax
- Handy Home Products
- Keter
- Lifetime Products
- Rubbermaid
- ShelterLogic
- Suncast
- Tuff Shed
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America outdoor shed market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the North America outdoor shed market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth North America market trends and outlook coupled with the factors driving the outdoor shed market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution