The global shed and outdoor storage market is forecasted to grow from USD 7,222.7 million in 2024 to USD 13,213.4 million by 2034, representing a compound annual growth rate (CAGR) of 6.2%. The market’s expansion is fueled by rising consumer demand for functional, organized, and aesthetically pleasing outdoor spaces, with key drivers including increasing urbanization, a boom in DIY home improvement trends, and growing interest in outdoor living.
Market Growth Drivers for the Shed and Outdoor Storage Industry
- Rising Consumer Demand for Aesthetic and Functional Outdoor Spaces
Homeowners are increasingly seeking outdoor storage solutions that combine organization with design, driving growth in the market. - Urbanization and Space Constraints
Limited living space in urban areas is pushing the demand for compact and efficient outdoor storage options. - Surge in DIY Home Improvement Projects
The growing DIY trend is boosting demand for customizable, easy-to-assemble sheds and outdoor storage solutions. - Popularity of Multi-Functional Sheds
Consumers are looking for sheds that can serve as workshops, home offices, or recreation spaces, expanding the market’s appeal. - Technological Advancements in Smart Storage
The integration of solar power and smart technology in sheds is attracting tech-savvy consumers and driving market innovation. - Increasing Demand for Sustainable, Eco-Friendly Products
Growing environmental consciousness is driving demand for durable, recyclable, and eco-friendly shed materials. - Rising Vehicle Ownership and Need for Secure Storage
The growing number of vehicles worldwide is fueling the need for secure outdoor storage solutions like vehicular sheds.
Regional Insights for the Shed and Outdoor Storage Market
- India: India’s shed and outdoor storage market is set to grow at a CAGR of 8.6% through 2034, driven by lower production costs, government initiatives, and growing export capacities.
- China: China’s market is projected to expand at a CAGR of 7.9% by 2034, fueled by the rise in urbanization, vehicle ownership, and demand for multi-functional outdoor spaces.
- Italy: Italy’s strong design heritage and focus on durable, eco-friendly products are driving its shed market, with a projected CAGR of 6.7% through 2034.
- Japan: Japan’s market is expected to grow at a 6.6% CAGR, supported by the demand for high-quality, customizable outdoor storage solutions for urban and suburban homeowners.
- United States: The U.S. market is forecasted to grow at a more modest 3.5% CAGR, with an emphasis on sustainability, smart storage technology, and multifunctional outdoor spaces.
Competitive Landscape
Technological advancements and innovations, such as the development of eco-friendly materials and modular construction techniques, have strengthened the market presence of leading companies. These innovations allow manufacturers to offer sustainable and versatile storage solutions that meet the evolving needs of global consumers, further solidifying their leadership in the shed and outdoor storage market.
Additionally, manufacturers worldwide are increasingly aligning with sustainability trends, producing eco-friendly sheds and outdoor storage products that appeal to a broad range of environmentally-conscious consumers.
Industry Update
- On January 30, 2024, Coleson Pokorny of Emerlin Custom Storage Sheds & Outdoor Buildings discussed the company’s new name and expanded services. Originally Colonial Barns, founded by Merlin Miller in 1979, the company rebranded to honor its history and future, offering concrete slabs, electrical, and garages.
- On July 10, 2023, SunVilla and Suntek launched the Solar Powered Smart Yard, a storage shed equipped with solar panels and semi-solid-state batteries. This innovative shed can charge electric outdoor lawn equipment and power outdoor furniture while in storage, merging technology with practical outdoor solutions.
Leading Shed and Outdoor Storage Brands
- Lifetime Products Inc.
- Suncast Corporation
- Rubbermaid
- Keter Group
- ShelterLogic Group
- Arrow Storage Products
- Rowlinson Garden Products
- Tuff Shed
- DuraMax Building Products
- Palram Applications
- Kondor Outbuildings
- Handy Home Products
- Outdoor Living Today
- Cedarshed Industries
- YardStash Solutions
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Key Segments of Shed and Outdoor Storage Market Report
By Product Type:
Depending in product type, the industry is trifurcated into steel, wood, and fabric-covered sheds, and deck boxes.
By Material:
Based on material, the industry is divided into steel, wood, resin, plastic, and metal materials.
By Application:
Sheds and outdoor storages find application in garden tools and equipment, vehicular storage, and refuse containers.
By Distribution Channel:
Online channels, hypermarkets and retail stores, supermarkets, departmental stores, and convenience stores are top distributed channels in this sector.
By Region:
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
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