Authored By: Sarah
11 Jul 2024

 Residential Outdoor Storage Products Market to grow by USD 327.56 million between 2024-2028

According to a research report “ Residential Outdoor Storage Products Market” by Product (Sheds, Decks, boxes) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America)- Global Forecast to 2028 published by Technavio, the market size is estimated to grow by USD 327.56 million at a CAGR of over 3.82% during the forecast period. In the residential outdoor storage products market, the growing trend towards outdoor living has driven substantial growth. With an increasing number of homeowners prioritizing a connection to nature, the demand for functional and organized outdoor spaces has escalated. This shift towards outdoor living is rooted in the recognition of its positive impact on both physical and mental well-being, leading to a heightened need for effective storage solutions..

Browse market data tables, figures, and in-depth TOC on “Residential Outdoor Storage Products Market” by Product (Sheds, Decks, boxes) Distribution Channel (Offline, Online) Geography (North America, Europe, APAC, Middle East and Africa, South America) Global Forecast to 2028.

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By Product, the Sheds segment is projected to dominate the market size in 2024.

The Residential Outdoor Storage Products market predominantly relies on the offline distribution channel for sales, encompassing various retail formats like specialty stores, hypermarkets, supermarkets, department stores, and convenience stores. These channels collectively generate a substantial portion of the global market revenue, with specialty retail stores and hypermarkets, supermarkets, and department stores contributing the most.

By Distribution Channel, Offline  segment is expected to hold the largest market size for the year 2024.

In the dynamic residential outdoor storage products market, the sheds sector has witnessed robust expansion. Sheds, essential structures for housing diverse tools and items in outdoor environments, have gained traction among homeowners. These structures are offered in various materials, including wood, metal, and plastic, addressing the distinct requirements of consumers. Wood sheds exude natural beauty and allure, while metal sheds provide unparalleled durability and resilience. Plastic sheds are renowned for their lightweight construction and resistance to rot and decay. The burgeoning demand for sheds in this market is fueled by the growing trend of utilizing outdoor spaces for activities such as gardening, DIY projects, and alfresco entertaining.

North America is forecasted to hold the largest market size by region in 2024.

In the North American residential outdoor storage products market, advanced technology, a skilled workforce, and a robust industrial base have positioned the region as a global leader. The emphasis on outdoor living and maximizing the use of outdoor spaces is driving growth. Homeowners are investing in functional and aesthetically pleasing outdoor living areas, including storage solutions like sheds, decks, and boxes. These storage options cater to the need for organizing and decluttering outdoor spaces, accommodating gardening tools, sports equipment, and residential outdoor storage cushions.

The Residential Outdoor Storage Products Market t growth and forecasting report also includes detailed analyses of the competitive landscape of the market growth and forecasting and information about 20 market companies, including:

  • Absco Sheds
  • Backyard Products LLC
  • Backyard Storage Solutions, LLC
  • Barnyard Utility Buildings
  • Better Homes and Gardens
  • Cedarshed USA
  • Keter Home and Garden Products Ltd.
  • Leisure Season Ltd.
  • Lifetime Products Inc.
  • Lowes Co. Inc.
  • Newell Brands Inc.
  • Palram Industries Ltd.
  • SHARKCAGE Inc.
  • ShelterLogic Group
  • Stilla Group
  • Suncast Corp.
  • The Home Depot Inc.
  • The Home Shoppe.
  • Tuff Shed Inc.
  • Warner Bros Discovery Inc.
.

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Research Analysis Overview

In the marine sector, the use of energy-efficient lighting solutions has gained significant attention in the aviation and shipbuilding industries. The implementation of these solutions in land-based structures such as airports and seaports, as well as on watercraft like boats, ships, and cruise ships, is crucial for ensuring safety and efficient navigation. Visual signaling through white, green, and red lights is essential for marine transportation. High intensity discharge (HID) and light-emitting diodes (LED) are popular illuminating devices used in this context. Bridge engineers, harbor masters, and yard crews rely on these lighting systems to ensure safe nighttime vehicle operation and proper navigation for shipping vessels. Moreover, energy-efficient lighting solutions are not limited to the marine sector. They are also used in the aviation industry for aircraft navigation lights and in spacecraft for visual signaling. These solutions not only contribute to energy savings but also reduce hazards associated with traditional incandescent filaments. In summary, the residential outdoor storage market plays a vital role in providing energy-efficient lighting solutions for various applications in the marine transportation industry, ensuring safety, efficiency, and environmental sustainability.

Market Research Overview

In the marine and aviation industries, the importance of proper visual signaling cannot be overstated. This significance extends to the residential outdoor storage market as well. Offshore structures, such as boats and vessels, require marine lights for safe navigation on waterways routes. These marine lights include running lights, steady-burning light bars, and flashers, which come in various intensities - high, medium, and low - to cater to different conditions. Similarly, in the aviation sector, aircraft, including helicopters, fighter jets, and cargo planes, are equipped with navigation lights - white, green, and red - for safe takeoff, landing, and flight. These lights are crucial for airline companies, low-cost carriers, and passengers, ensuring air passenger traffic remains uninterrupted. Moreover, the shift towards energy-efficient lighting solutions, such as LED technology, is gaining momentum in both industries. Bridge engineers, yard crews, harbormasters, and other professionals involved in nighttime vehicle operation benefit from this trend. The marine sector, including shipbuilding and marine tourism, also adopts LED technology for illuminating docks and other land-based structures. In summary, the residential outdoor storage market plays a vital role in providing essential lighting solutions for the marine and aviation industries. These solutions include halogen, high-intensity discharge, and light-emitting diode lighting, ensuring safety and efficiency in various applications.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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