About Patio Umbrellas And Accessories
A patio umbrella is a type of umbrella that is specifically intended and built for outdoor leisure use, and is commonly found in backyards, pools, patios, and outside commercial dining areas. Furthermore, thanks to advancements in technology, aluminum patio umbrellas have surpassed the previous wood patio umbrellas in terms of outdoor endurance. Because it provides shade, coolness, and attractive aesthetics for outdoor living spaces, a patio umbrella has become an essential part of outdoor furniture equipment. The market for patio umbrellas and accessories is driven by the acceptance of western culture in emerging economies and the development in urbanization, which is altering how people think about the outdoors. Furthermore, thanks to royalty and aristocracy, demand for patio umbrellas and accessories has increased as travel and tourism activity has increased. Patio umbrellas and accessories are also available in a variety of designs and price ranges and can be tailored to meet the needs of the consumer based on taste, budget, and personal preference. In addition, the patio umbrellas and lounge chairs can be color coordinated. The residential building industry dominates the market for patio umbrellas and accessories.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Analyst at AMA Research estimates that European Vendors will contribute the maximum growth to Global Patio Umbrellas And Accessories market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
TUUCI LLC (United States), Royal Botania (Belgium), Ezpeleta Portugal (Portugal), Shadescapes Americas (United States), Umbrosa (Belgium), Sun Garden USA (United States), GAGGIO S.r.l. (Itlay), MakMux Australia (Australia), Symo Parasols (Belgium) and Ombrellificio Crema S.A.S (Italy) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are Zhengte (China), GLATZ AG (Switzerland) and Rausch Classics GmbH (Germany).
Segmentation Overview
AMA Research has segmented the market of Global Patio Umbrellas And Accessories market by Type (Cantilever Umbrella, Commercial Umbrella, Standard Pole Umbrella, Tilt Umbrella and Others) and Region.
On the basis of geography, the market of Patio Umbrellas And Accessories has been segmented into South America (Brazil, Argentina, Chile, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Singapore, Indonesia, Thailand, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Spain, Sweden, Belgium, Finland, Denmark, Russia, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Patio Umbrellas And Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by End-User, the sub-segment i.e. Residential will boost the Patio Umbrellas And Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material, the sub-segment i.e. Fiberglass will boost the Patio Umbrellas And Accessories market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Adoption of Western Culture in Emerging Economies and Extensive Use in Open Restaurants
Market Growth Drivers:
Rise in Urbanization Redefining the Way Outdoors and Increase in Travel and Tourism Activity
Challenges:
Implementing effective strategies and businesses
Restraints:
High Cost Associated with Branded Patio Umbrellas
Opportunities:
Growing Residential Construction Industry and Growth Opportunities in Untapped Market
Market Leaders and their expansionary development strategies
In September 2023, L.I.F.E. Brand Partners with ShadePro where L.I.F.E. Brand, a provider of outdoor living solutions, announced a strategic partnership with ShadePro, a manufacturer of high-end patio umbrellas. This collaboration aims to offer premium umbrella options and enhance L.I.F.E. Brand's outdoor product offerings.
In April 2023, Outland Living launched Smart Patio Umbrellas Outland Living, known for its innovative outdoor products, launched its Smart Cantilever Umbrella. This umbrella boasts motorized tilt and rotation functions, integrated LED lights, and smartphone app control for ultimate convenience and comfort.
Key Target Audience
Manufacturers of Patio Umbrellas and Accessories, Suppliers of Patio Umbrellas and Accessories, Wholesalers, Distributors and Retailers of Patio Umbrellas and Accessories, Raw Material Providers, End-User and Others
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.