About Parasol
A parasol is a type of small umbrella which is generally delicate and dainty in appearance. It is specially made for protection from the sun. Parasols are sometimes called sunshades. Larger parasols are capable of blocking the sun and for several people, these are often used as fixed or semi-fixed devices, used with patio tables or other outdoor furniture, or as points of shade on a sunny beach. Further, the ease of usage and low price factor of parasols with its wide variety of applications is driving the Global Parasols market
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
The Global Parasols market is moderately fragmented with few market players who are involved in new innovations and product launch of parasols. For instance, parasols with technological advancement were launched such as canopy-free parasols, solar-powered parasols and cooling canopies by market players. 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.
Gaggio Srl (Italy), Garden Art (United States), Glatz AG (Switzerland), Iaso (Spain), Janus et Cie (United States), MakMax (Australia), Manutti (Belgium), MDT Sun Protection System AG (Germany) and Shadecraft Robotics (United States) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Parasol market by Type (Automatic Parasol, Artistic Parasol, Personal Parasol and Others), Application (Personal, Business, Entertainment and Others) and Region.
On the basis of geography, the market of Parasol 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 Sales Channel, the sub-segment i.e. Direct will boost the Parasol market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Technological advancement in parasols such as Luminous LED Parasols and Increasing Demand due to its Lightweight, Ease of Transportation and Storage Features
Market Growth Drivers:
Demand for Parasols due to Changing Climatic Conditions such as in Extreme Heat Conditions, Ease of Usage and Low Cost and Changing Lifestyle of Consumers with Increasing Disposable Income
Challenges:
Fluctuating Raw Material Prices may Pose a Challenge for the Parasols Market
Restraints:
Ineffective in Harsh Environmental Conditions
Opportunities:
Technological Advancements in Parasols Market
Market Leaders and their expansionary development strategies
In October 2023, Tech companies integrate smart features into parasols Innovation is taking center stage, with companies like Samsung and Xiaomi developing parasols equipped with solar panels for charging devices, built-in speakers for ambient music, and even UV sensors for sun protection alerts. These smart features cater to tech-savvy consumers seeking added functionality.
In August 2023, Unyq Sunshade this collapsible parasol offers unique features like a detachable canopy for easy washing and a built-in phone holder, catering to both practicality and style.
Key Target Audience
Parasols Manufacturers, Potential Investors, Downstream Vendors, Industry Associations, Marketing & Consulting Firms and Government and Regulatory Bodies
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.