North America Outdoor Shed Market

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.

North America Outdoor Shed Strategic Insights

Strategic insights for the North America 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.

North America Outdoor Shed Report Scope

North America Outdoor Shed Regional Insights

The geographic scope of the North America 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 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