Transparency Market Research delivers key insights on the global beach umbrella market. In terms of revenue, the global beach umbrella market is estimated to expand at a CAGR of ~5% during the forecast period, owing to numerous factors, regarding which TMR offers thorough insights and forecasts in its report on the global beach umbrella market.
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People in the U.S. have always been extremely fond of the beach to relax and rejuvenate. It has been observed that 72% of the people in the U.S. prefer beach vacations to others, since beach vacations help them enjoy quality time with their family at the least expense. People visiting a beach like to spend the whole day at the beach. Thus, they carry beach umbrellas with them. The beach umbrella market is expected to witness a surge in the demand during the forecast period due to the abovementioned factors.
North America Beach Umbrella Market: Dynamics
People like sunbathing at the beach, but the sun’s rays have both positive and negative effects. The sun is a key source of vitamin D and is needed for the development of the immune system. On the other hand, the prolonged exposure to the sun can harm the skin and eyes; sunbathing for more than 30 minutes can cause sunspots, skin aging, wrinkles, and blemishes, and severe sunburn can result in skin cancer. According to the American Medical Association, even a small amount of sunlight can cause eye damage such as cataract, pterygium, and other complications, thus, emphasizing the importance of protecting oneself from these harmful rays. A beach umbrella may be a lifesaver in this situation, helping the user to enjoy the summer months to the fullest. Beach umbrellas are simple to set up and operate, and hence, they are currently witnessing high demand. These advantages are projected to propel the beach umbrella market in North America in the upcoming years.
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North America Beach Umbrella Market: Prominent Regions
In North America, the U.S. and Canada had almost 89% share of the beach umbrella market in the year 2020. In the U.S., rise in trend of enjoying beach vacations is a prominent factor responsible for the growth of the beach umbrella market in the region.
North America Beach Umbrella Market: Key Players
Key players operating in the North America beach umbrella market are Tommy Bahama, Frankford Umbrellas, ShelterLogic Group, Impact Canopies USA, The Umbrella Connection, Huifeng Umbrella Co., Ltd., BeachBUB® USA, Cape Cod Beach Chair Company, Inc., East Coast Umbrella Inc., and AMMSUN Industrial Group Limited.
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