Global Residential Outdoor Storage Products Market
Market Size in USD Billion
CAGR :
% 
 Forecast Period |
2024 –2031 |
 Market Size (Base Year) |
USD 1.57 Billion |
 Market Size (Forecast Year) |
USD 2.07 Billion |
 CAGR |
% |
| Major Markets Players |
Global Residential Outdoor Storage Products Market Segmentation, By Product Type (Deck Boxes, Fabric Covered Sheds, Steel Covered Sheds, and Wood Covered Sheds), Application (Vehicles, Garden Tools & Equipment, Refuse Containers, and Others), Distribution Channel (Offline and Online) – Industry Trends and Forecast to 2031.
Residential Outdoor Storage Products Market Analysis
The residential outdoor storage products market is experiencing substantial growth as homeowners increasingly seek solutions for organizing and managing outdoor spaces efficiently. Driven by the rise in property ownership and a growing focus on outdoor living areas, the demand for durable and functional storage solutions is surging. Technological advancements in materials and design are enhancing the functionality and aesthetic appeal of outdoor storage products. Consumers are prioritizing items that offer increased durability, weather resistance, and versatile storage options to improve the organization and appearance of their outdoor spaces.
Residential Outdoor Storage Products Market Size
Global residential outdoor storage products market size was valued at USD 1.57 billion in 2023 and is projected to reach USD 2.07 billion by 2031, with a CAGR of 3.50% during the forecast period of 2024 to 2031. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework.
Residential Outdoor Storage Products Market Trends
“Growing Demand for Efficient Outdoor Organization”
The residential outdoor storage products market is experiencing significant growth driven by the increasing demand for efficient outdoor organizations. As homeowners place greater emphasis on enhancing their outdoor living areas, there is a growing need for products that provide effective storage solutions while harmonizing with exterior decor. This trend is reflected in the rising popularity of outdoor storage products, such as sheds, deck boxes, and storage cabinets, which are becoming essential for managing a variety of outdoor items including gardening tools, sports equipment, and other personal belongings.
The shift towards creating functional and organized outdoor spaces aligns with broader lifestyle trends, where the integration of practical and visually pleasing elements is valued. By investing in these advanced storage solutions, consumers are enhancing both the functionality and appearance of their outdoor areas, reflecting a broader movement towards well-organized and aesthetically pleasing living environments. This growing demand for efficient and stylish outdoor storage solutions underscores the market's expansion and highlights the evolving preferences of homeowners seeking to optimize their outdoor spaces.
Report Scope and Residential Outdoor Storage Products Market Segmentation
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Attributes |
Residential Outdoor Storage Products Key Market Insights |
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Segmentation |
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Countries Covered |
U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, Rest of Middle East and Africa, Brazil, Argentina, and Rest of South America |
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Key Market Players |
Harwal Group of Companies (UAE), Palram Industries Ltd. (India), Cedarshed USA (U.S.), Porta-King Building Systems (U.S.), Keter (Israel), Absco Sheds (Australia), Leisure Season Ltd. (Canada), Backyard Products, LLC (U.S.), Newell Brands (U.S.), CRAFTSMAN (U.S.), ShelterLogic Corp. (U.S.), and Suncast Corporation (U.S.) |
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Market Opportunities |
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Value Added Data Infosets |
In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, pricing analysis, brand share analysis, consumer survey, demography analysis, supply chain analysis, value chain analysis, raw material/consumables overview, vendor selection criteria, PESTLE Analysis, Porter Analysis, and regulatory framework. |
Residential Outdoor Storage Products Market Definition
Residential outdoor storage products are items designed to provide organized and accessible storage solutions for outdoor spaces. These products include sheds, deck boxes, storage cabinets, and tool storage units that are crafted from various materials such as wood, metal, and plastic. They are designed to withstand outdoor conditions while offering functionality and convenience for managing outdoor equipment and belongings.
Residential Outdoor Storage Products Market Dynamics
Drivers
- Increased Property Ownership and Outdoor Space Utilization
With more homeowners seeking to maximize the functionality and appeal of their outdoor spaces, there is a significant push towards investing in storage solutions that offer both practicality and aesthetic value. This trend is reflected in the increasing popularity of various outdoor storage products designed to efficiently manage and organize gardening tools, sports equipment, and other outdoor items, thereby contributing to the overall enhancement of residential properties. The rise in property ownership coupled with a growing emphasis on enhancing outdoor living areas is driving the demand for residential outdoor storage products.
- Advancements in Material Technology
The development of weather-resistant plastics and durable metals has improved the durability and maintenance of these products, making them more attractive to consumers. These advancements ensure that outdoor storage solutions can withstand harsh weather conditions while requiring minimal upkeep, thereby increasing their appeal and utility. As material technology continues to evolve, it contributes to the growing demand for high-quality, long-lasting outdoor storage options. Innovations in material technology are significantly enhancing the performance and longevity of outdoor storage products.
Opportunities
- Enhanced Storage Design and Aesthetics
Consumers are increasingly looking for storage solutions that not only serve practical purposes but also enhance the visual appeal of their outdoor spaces. By focusing on stylish and aesthetically pleasing designs, manufacturers can tap into a market segment that values both functionality and design, driving growth and expanding their customer base. There is a growing opportunity to develop outdoor storage products with modern and attractive designs that seamlessly complement the outdoor decor.
- Growing Interest in Outdoor Living Spaces
The expansion of outdoor living areas, such as patios and gardens, is creating a demand for effective storage solutions that enhance the organization and usability of these spaces. As more homeowners invest in outdoor environments, there is a corresponding need for storage products that can efficiently manage outdoor items while improving the overall functionality of these areas. This trend presents significant opportunities for market growth as consumers seek products that support their outdoor living lifestyle.
Restraints/Challenges
- High Initial Costs
The premium pricing of advanced storage products can be a barrier for price-sensitive consumers, potentially limiting adoption. Despite the benefits of durability and functionality, the cost may deter some buyers from investing in these products, affecting market penetration. One of the major challenges in the residential outdoor storage products market is the high initial cost associated with high-quality solutions.
- Maintenance Challenges of Outdoor Storage Products
Outdoor storage products often require regular maintenance to ensure their durability and functionality, which can be a significant deterrent for potential buyers. Unlike indoor storage solutions, outdoor products are exposed to various environmental elements, such as rain, snow, sunlight, and humidity, all of which can cause wear and tear over time. Consumers need to perform periodic cleaning, inspect for damage, and make necessary repairs to maintain the product's condition. This ongoing commitment to upkeep can be seen as burdensome or inconvenient, especially for those with busy lifestyles or limited experience with DIY maintenance. Additionally, some outdoor storage products may require specialized cleaning agents or treatments to prevent deterioration, further complicating maintenance tasks. As a result, the potential for high maintenance demands can dissuade consumers from investing in outdoor storage solutions, challenging the market price.
This market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Impact and Current Market Scenario of Raw Material Shortage and Shipping Delays
Data Bridge Market Research offers a high-level analysis of the market and delivers information by keeping in account the impact and current market environment of raw material shortage and shipping delays. This translates into assessing strategic possibilities, creating effective action plans, and assisting businesses in making important decisions.
Apart from the standard report, we also offer in-depth analysis of the procurement level from forecasted shipping delays, distributor mapping by region, commodity analysis, production analysis, price mapping trends, sourcing, category performance analysis, supply chain risk management solutions, advanced benchmarking, and other services for procurement and strategic support.
Expected Impact of Economic Slowdown on the Pricing and Availability of Products
When economic activity slows, industries begin to suffer. The forecasted effects of the economic downturn on the pricing and accessibility of the products are taken into account in the market insight reports and intelligence services provided by DBMR. With this, our clients can typically keep one step ahead of their competitors, project their sales and revenue, and estimate their profit and loss expenditures.
Global Residential Outdoor Storage Products Market Scope
The market is segmented on the basis of product type, application, and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product Type
- Deck Boxes
- Fabric Covered Sheds
- Steel Covered Sheds
- Wood Covered Sheds
Application
- Vehicles
- Garden Tools & Equipment
- Refuse Containers
- Others
Distribution Channel
- Offline
- Online
Global Residential Outdoor Storage Products Market Regional Analysis
The market is analyzed and market size insights and trends are provided by country, product type, application, and distribution channel as referenced above.
The countries covered in the market are U.S., Canada, Mexico, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, rest of Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, rest of Asia-Pacific, Saudi Arabia, U.A.E., South Africa, Egypt, Israel, rest of Middle East and Africa, Brazil, Argentina, and rest of South America.
North America is expected to dominate the market due to several factors including rising urbanization, economic recovery, and increasing disposable income. The region's dominance is also driven by innovations in style, design, fabric, and material. Additionally, changing lifestyles and a growing consumer focus on comfort have further boosted the demand for these products in North America.
Europe is expected to be the fastest growing due to increasing consumer focus on enhancing storage solutions to improve the appearance of their homes is expected to boost the demand for outdoor storage products in Europe in the coming years.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Global Residential Outdoor Storage Products Market Share
The market competitive landscape provides details by competitors. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to market.
Residential Outdoor Storage Products Market Leaders Operating in the Market Are:
- Harwal Group of Companies (UAE)
- Palram Industries Ltd. (India)
- Cedarshed USA (U.S.)
- Porta-King Building Systems (U.S.)
- Keter (Israel)
- Absco Sheds. (Australia)
- Leisure Season Ltd. (Canada)
- Backyard Products, LLC (U.S.)
- Newell Brands (U.S.)
- CRAFTSMAN (U.S.)
- ShelterLogic Corp. (U.S.)
- Suncast Corporation (U.S.)
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Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The stage includes obtaining market information or related data through various sources and strategies. It includes examining and planning all the data acquired from the past in advance. It likewise envelops the examination of information inconsistencies seen across different information sources. The market data is analysed and estimated using market statistical and coherent models. Also, market share analysis and key trend analysis are the major success factors in the market report. To know more, please request an analyst call or drop down your inquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market and primary (industry expert) validation. Data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Patent Analysis, Pricing Analysis, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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