About Reverse Umbrella
The reverse umbrella is the complete opposite of the traditional umbrella. The reverse umbrella is designed to be opened easily and will ensure you get to a covered area without being exposed to the rain. Operating a reverse umbrella is very easy because there is usually a switch to open it, and the same button closes it. The increasing popularity of reverse umbrellas in developing and developed economies has projected the growth of the global reverse umbrella market in the forecast period.
Attributes | Details |
---|
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 United States Vendors will contribute the maximum growth to Global Reverse Umbrella 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.
Totes Isotoner (United States), Shedrain Corporation (United States), Chaby International (United States), Haas-Jordan (United States), Ibrolly umbrella (United States), Frankford Umbrellas (United States), Peerless umbrella (United States), Umbrella Bazaar (United States), US UMBRELLAS (United States), FiberBuilt Umbrellas & Cushions (United States) and Davekny (United States) are some of the key players that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are StrombergBrand (United States), Adams Manufacturing (United States), Galtech International (United States), TAG Products International (United States), American Holtzkraft INC (United States) and Rain or Shine (United States).
Segmentation Overview
AMA Research has segmented the market of Global Reverse Umbrella market by Type (Long-hHndle Umbrella, Pencil Umbrella, Dual-Folding Umbrella, Three-Folding Umbrella and Others), Application (Household, Commercial and Others) and Region.
On the basis of geography, the market of Reverse Umbrella 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). If we see Market by Control, the sub-segment i.e. Semi-Automatic will boost the Reverse Umbrella market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Fabric Material, the sub-segment i.e. Polyester will boost the Reverse Umbrella 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. Women will boost the Reverse Umbrella market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Rising Adoption of the Light Weight Material in Reverse Umbrella
Market Growth Drivers:
Increasing Disposable Income of Consumers across the Globe and Rising Demand for Reverse Umbrella from the Emerging Economies
Challenges:
Intense Competition Among the Competitors
Restraints:
Fluctuating Raw Material Prices
Market Leaders and their expansionary development strategies
In December 2022, Finance of America Companies (FOA) announced a deal to acquire American Advisors Group’s (AAG) direct-to-consumer sales channel, a deal that will have lasting consequences in the reverse industry. The deal has combined the first- and third-largest reverse mortgage lenders in America and is occurring at a tumultuous time for mortgage businesses, one in which Reverse Mortgage Funding (RMF), another top five lender, declared bankruptcy.
In July 2021, Xiaomi, has for long released several non-electronics-related products that are also designed to make like easy. One of such is the UREVO line of portable umbrellas manufactured by its eco-chain company UREVO. Xiaomi Youpin has now played host to a new UREVO Umbrella equipped with features such as turnable LED lights, reverse folding and non-wetting, and a one-second opening mechanism.
Key Target Audience
Reverse Umbrella Manufacturers, Research Organizations and Consulting Companies, Potential Technology Investors, Regulatory & Government Bodies, Downstream Vendors, End Users 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.