- A shed is a roofed structure available in a wide range of customized sizes and shapes for protection of pets, workshops, storage, and multipurpose usage
- Increase in demand for smart storage facilities in the modular construction sector has fueled the sheds market across the globe; this is also likely to drive the market during the forecast period
Rise in Demand for Storage Facilities
- Rise in popularity of environment-friendly animal sheds, garden sheds, parking sheds, pet houses, and tool & utility storage sheds has propelled the sheds market. Increase in demand for storage roof facilities in agriculture, automotive, construction, oil & gas, and heavy machinery sectors is likely to propel the sheds market. Additionally, a rise in demand for customized sheds in commercial and residential sectors to store various tools, objects, and vehicles is likely to propel the sheds market.
Economic Slowdown
- Increase in risk associated with the ongoing issues such as the sudden COVID-19 lockdown is likely to hamper the market. Disruption in the supply of raw material such as metal, plastic, and wood, to manufacturers is likely to restrain the sheds market. Risk associated with lockdowns and slowdown of the market has discouraged end-users from investing in the sheds market. Furthermore, end-users of commercial spaces such as parking, restaurants, and healthcare storage facilities are opting for concrete ceiling, which in turn is likely to hamper the sheds market.
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Asia Pacific to be a Lucrative Market for Sheds
- The global sheds market can be divided into five regions: North America (NA), Europe (EU), Asia Pacific (APAC), Middle East & Africa (MEA), and South America (SA)
- North America country-level analysis features the U.S., Canada, and Rest of North America. Analysis and forecast of the sheds Market in Europe includes markets across the U.K., Germany, France, and Rest of Europe. Similarly, the market in Asia Pacific includes India, China, Japan, and Rest of Asia Pacific. Middle East & Africa includes the sheds market analysis and forecast of GCC countries, South Africa, and Rest of Middle East & Africa. The sheds market in South America is segmented into Brazil and Rest of South America.
- Asia Pacific is expected to be a lucrative market for sheds owing to rapid increase in commercial and residential construction activities, which in turn is driving the sheds market across the region
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Key Players Operating in Sheds Market
- Arrow Storage Products
- Backyard Products
- Cedarshed
- Craftsman
- Duramax-Sheds
- Keter (US Leisure)
- Lifetime Products
- Newell Rubbermaid
- Palram Applications
- Pm Impex
- Pressmach Infrastructure Private Limited
- Rubbermaid
- Sheds USAl
- ShelterLogic Group
- Suncast Corporation
- US Polymer
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