The Europe outdoor shed market is expected to grow from US$ 1,659.28 million in 2021 to US$ 2,255.65 million by 2028; it is estimated to grow at a CAGR of 4.5% from 2021 to 2028.
The rising preference for metal outdoor sheds is expected to surge the market in coming years.With growing industrialization across the region, there is a continuous need of storage area for storing all equipment, tools, and raw materials in a single place.
Therefore, the demand for outdoor sheds is growing in industries.Steel metal is the most preferred material for building outdoor industrial sheds owing to its properties such as tough nature and sturdiness.
As it is considered as a strongest metal-based material, things made from steel last for a very long period of time.Additionally, steel-metal sheds do not rot or get destroyed by pests, accelerating its usage.
Further, these sheds require less maintenance than wooden outdoor sheds. It is also much easier to clean steel sheds with a pressure washer or hose water. Moreover, the sheds can withstand extreme temperatures. When required, metal sheds are easier to transport as they are comparatively lighter than the woodsheds. Owing to various benefits, demand for metal outdoor sheds is rising by various end-use industries, which propels the Europe market growth.
In case of COVID-19, Europe is among the worst-hit regions.In Europe, France is the hardest-hit country by the COVID-19 outbreak.
The region is expected to suffer an economic hit due to the lack of revenue from various industries.Additionally, with the outbreak of another variant of COVID-19 in the UK, outdoor shed manufacturing is expected to get hampered.
The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power.However, due to the COVID-19 outbreak, many businesses in Europe are facing financial challenges as they had to reduce their activities substantially, owing to the lack of workforce, government-imposed restrictions, and decrease in sales.
However, due to increase in gardening activities, maintaining lawns, and following an active lifestyle, there is a demand for outdoor sheds in the residential sector to store several equipment. The e-commerce businesses have also helped in boosting the need for outdoor sheds in the residential sector. Moreover, as the lockdown restrictions have been lifted, and vaccination process has begun, the industrial activities have started again. This will boost the growth of the outdoor shed manufacturing in the region.
The commercial segment led the Europe outdoor shed market based on application in 2020.Commercial usage of outdoor sheds can be found in agricultural activities and certain organizations using bike sheds, boat sheds, or storage sheds.
Unlike the residential sheds, commercial sheds are basically made of metal or plastic since commercial applications require higher durability and lesser maintenance.The commercial sheds are best suited for warehouses, school covers, commercial storage complexes, and disaster recovery centers.
Steel is the most preferred material for commercial sheds as it is less corrosive and highly durable.Commercial outdoor sheds can be built much faster than other types of buildings as well as can be easily deconstructed, if required.
These sheds provide versatility in space management to various businesses; thus, they are gaining popularity across the region, thereby driving the Europe outdoor shed market.
The overall Europe outdoor shed market size has been derived using both primary and secondary sources.To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the Europe outdoor shed market.
The process also serves the purpose of obtaining overview and forecast for the Europe outdoor shed market with respects to all the segments pertaining to the region.Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic.
The participants who typically take part in such a process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers along with external consultants such as valuation experts, research analysts, and key opinion leaders specializing in the Europe outdoor shed market. DuraMax, Keter, Lifetime Products, Rubbermaid, and Suncast are among a few players operating in the Europe outdoor shed market.
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42 pages •
By Euromonitor International
• May 2021
Even though home and garden registered an increase in current value sales in 2020, much of this growth was a result of inflation. In fact, inflation in the local market was around 50% in 2020. However, home and garden’s retail volume sales have fallen in 2020. COVID-19 increased the already present local economic crisis, causing a sharp reduction...
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