Residential Outdoor Storage Product Market Scope
Outdoor storage in residential zones refers to the storage of goods found in residential settings, such as trash bins, recreational vehicles (RVs), gardening, home furnishings, home maintenance supplies and equipment, and canopies. Residential outdoor storage items aid in the improvement and utilisation of available space. Garden furniture or equipment, unused furniture, quad bikes, bicycles, motorbikes, and mobility scooters are all stored in these goods. People are searching outside the house for storage solutions since space has become such a valuable commodity. This is when the extra room in the backyard comes in helpful. Storage Shed, Deck Box, Outdoor, Cover, Carport, and Others are the several types of outdoor storage solutions. Storage solutions exist in a variety of shapes, sizes, and styles making it available for tailored requirements.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Key Companies Profiled | Backyard Products (United States), Sheds USA (United States), Cedarshed (United States), Suncast Corporation (United States), ShelterLogic (United States), Lifetime Products (United States), Arrow Storage Products (United States), The Freedonia Group (United States), Keter Group (Israel) and Rubbermaid (United States) |
CAGR | 8.2% |
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. Research Analyst at AMA estimates that United States Manufacturers will contribute to the maximum growth of Global Residential Outdoor Storage Product market throughout the predicted period.
Backyard Products (United States), Sheds USA (United States), Cedarshed (United States), Suncast Corporation (United States), ShelterLogic (United States), Lifetime Products (United States), Arrow Storage Products (United States), The Freedonia Group (United States), Keter Group (Israel) and Rubbermaid (United States) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are Arlmont & Co. (Canada), Industrial Man Lifts (United States), Tuff Shed (United States), EnviroGuard (United States) and LeDoux Industries (United States).
About Approach
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from the total available market.
Segmentation Overview
The study have segmented the market of Global Residential Outdoor Storage Product market by Type and Region with country level break-up.
On the basis of geography, the market of Residential Outdoor Storage Product has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
region held largest market share in the year 2023.
Market Leaders and their expansionary development strategies
In October 2023, Dayton Street Partners (DSP), a logistics real estate investment and development firm headquartered in Chicago, has closed on the acquisition of a six-building logistics park set on 11 acres at 700 Larsen Lane in Bensenville, Illinois. The seller was a private investor.
In May, 2021 - AlphaESS Launched its New Products and Programs at Smart Energy Conference & Exhibition 2021. The Latest Offering Includes Residential and Commercial Energy Storage Solutions and The Alpha Installer Network (AIN) Program, all Designed to Deliver Energy Efficient and Performance Output.
Influencing Trend:
Growing Adoption of Outdoor Gardening as a Hobby
Market Growth Drivers:
Increasing Urbanization Across Regions and Rising Disposable Income
Challenges:
Fierce Competitive Pressure
Restraints:
Lack of Awareness and High-Cost Expenses
Opportunities:
Increasing Demand Among Asian Regions
Key Target Audience
Residential Outdoor Storage Products Manufactures, New Entrants and Investors, Residential Outdoor Storage Products Distributors and Suppliers, Venture Capitalists, Government Bodies, Corporate Entities, Government and Private Research Organizations and Others