Latest News- Residential Outdoor Storage Products Market: Sheds is expected to lead the Product segment during 2025-2029

The Residential Outdoor Storage Products Market is being driven by Rise in popularity of outdoor living among homeowners

The Residential Outdoor Storage Products Market is expected to grow at a CAGR of 4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 351.6 million. The Residential Outdoor Storage Products market is experiencing significant growth, driven by technological innovations that are revolutionizing the industry. Key factors fueling this expansion include the adoption of advanced materials and the integration of smart storage solutions and automation. Notably, the use of innovative materials, such as wood-plastic composites and aluminum composite panels, is gaining traction due to their weather resistance, low maintenance requirements, and ability to replicate the appearance of natural materials. Manufacturers continue to explore new materials to enhance durability, sustainability, and aesthetics in their offerings. 

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Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• Product
  • Sheds
  • Decks and boxes
• Distribution Channel
  • Offline
  • Online
• Material
  • Plastic
  • Wood
  • Metal
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
    • South Korea
  • Middle East and Africa
  • South America

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Rise in popularity of outdoor living among homeowners
• Rise in popularity of outdoor recreational activities
• Rise in popularity of DIY (Do-it-Yourself) culture

However, the market also witnesses some limitations, which are as follows:

• High cost and complexities associated with installation
• Zoning and building regulations
• Rise in extreme weather conditions

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Market Scope in Residential Outdoor Storage Products Market Research Report

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Research Analysis Overview

The Residential Outdoor Storage Products market encompasses a range of options for decluttering and organizing outdoor spaces. These include plastic lumber and resin composite materials for sheds and cabinet storage, metal storage buildings, portable containers, and vertical systems like multi-tier racks and modular designs. Customizable solutions come in various sizes and styles, such as garden sheds, yard storage options, and self storage facilities. Features like custom door openings, roof support structures, and drainage designs ensure durability and UV resistance. Material durability ratings and assembly hardware are also crucial considerations.

Market Research Overview

The Residential Outdoor Storage Products market is a significant segment of the parent Global Home Furnishings Market, encompassing companies that manufacture and market weather-resistant storage solutions, such as steel storage sheds and polypropylene resin storage containers. Technavio's market analysis calculates the Home Furnishings Market size based on the combined revenue generated by manufacturers and marketers of consumer electronics, furnishings, decorative products, household appliances, and other homeware products. Factors driving growth in this market include the increasing residential and commercial construction sector, with a focus on infrastructure development and the construction of new residences and offices. This trend is expected to boost sales of outdoor storage products, particularly those made from durable materials like weather-resistant steel and those with UV protection coatings, such as high-density polyethylene. Renovation projects in key countries like the US, China, and India further contribute to the demand for these products.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

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