Outdoor Storage Sheds: Introduction
- An outdoor storage shade is typically a single-story roofed structure used to store products. In residential places, it is majorly used for hobbies, storage, or as a workshop.
Key Drivers of the Global Outdoor Storage Sheds Market
- Outdoor storage sheds are available in various designs. Companies are adding features such as single roof, electricity availability, and windows to increase the product demand. Furthermore, outdoor storage sheds can be locked to deter theft or entry by children, wildlife, domestic animals, etc.
- A large percentage of population prefer to spend time outside their residential complexes. This is one of the major factors driving the outdoor storage sheds market. In New Zealand and Australia, a magazines known as ‘The Shed,’ publishes hobbies which can be nurtured in outdoor sheds.
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Rising Demand from the Commercial Segment to Create New Market Opportunities
- The rising number of companies active in small scale production at the global level is expected to boost the growth of the outdoor storage sheds market.
- High investment in construction activities is driving small scale industries to use outdoor storage sheds. This is a cost effective and efficient way of storing products. This factor is expected to create opportunities in the outdoor storage sheds market in the coming years.
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Rising Raw Material Cost to Restrict Market Growth
- Metal is one of the important raw materials for outdoor storage sheds. Change in metal prices at the global level can work as a market restricting factor.
Asia Pacific the Dominant Market for Outdoor Storage Sheds
- North America and Europe accounted for significant share of the outdoor storage sheds market, with major players operating their global market from these regions. The U.S. accounted for major market share in North America.
- Asia Pacific is expected to be one of the fastest growing markets in the outdoor storage sheds industry. Rising spending on small warehouses as a result of industrial development in developing countries (India and China) is working as a favorable factor. Commercial and industrial end-users prefer to use outdoor storage sheds as a result of its low cost.
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Key Players Operating in the Global Outdoor Storage Sheds Market
The global outdoor storage sheds market is fragmented in nature. Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Small scale players are striving to increase sales by improving their domestic market share. Some of the key players operating in the global outdoor storage sheds market are listed below:
- Duramax-Sheds
- Handy Home
- Keter
- Lifetime Products
- Pm Impex
- Pressmach Infrastructure Private Limited
- Rubbermaid
- ShelterLogic Group
- Suncast
- Tuff Shed
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