The global shed and outdoor storage market size stands at USD 7,222.7 million in 2024. The industry encompasses a wide range of products catering to mass expansion of USD 13,213.4 million by 2034, with a CAGR of 6.2% through 2034.
The industry is foreseen to have substantial development with rising consumer interest in maximizing outdoor spaces and the need for organized storage solutions. Increasing urbanization, coupled with a trend toward outdoor living, has propelled the outdoor storage industry.
Protection from weather and covering vehicles from the external environment have accelerated the scope for backyard storage, garden tool storage, and shed building permits. DIY wooden shed plans among younger and social media influencers have advanced this sector.
Global Shed and Outdoor Storage Industry Assessment
| Attributes | Description |
|---|---|
| Estimated Shed and Outdoor Storage Market Size in 2024 | USD 7,222.7 million |
| Projected Shed and Outdoor Storage Market Value by 2034 | USD 13,213.4 million |
| Value-based CAGR (2024 to 2034) | 6.2% CAGR |
Consumers are seeking functional and aesthetically pleasing storage solutions that enhance their outdoor environments. An increasing number of homeowners looking to utilize their outdoor spaces more effectively is a prime growth driver.
Trends toward DIY home improvement projects have boosted the popularity of easy-to-assemble sheds. Solar-powered sheds and smart storage units are becoming more prevalent. They are meeting the demands of tech-savvy consumers.
North America and Europe dominate the shed and outdoor storage industry due to higher disposable incomes, larger residential spaces, and a strong DIY culture. Increasing urbanization and a burgeoning middle class with a growing interest in home and garden improvement are witnessing growth in Asia Pacific.
Different materials have different requirements according to their purpose. Segmentation reveals that residential users from the largest segment followed by commercial and industrial users require large-scale storage solutions.
Regional companies are carving out niches by focusing on local preferences and offering customized products. The industry is expected to continue an upward trajectory with advancements in material, design, and technology playing crucial roles. Major companies are likely to shift to sustainable practices ensuring growth and diversification in the foreseeable future.
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The below table presents the expected CAGR for the global shed and outdoor storage market over several semi-annual periods spanning from 2024 to 2034. First half (H1) from 2023 to 2033, the sector is seen to have a CAGR of 6.6%, followed by a slight decrease in growth at a CAGR of 5.6% in the second half (H2) of the same decade.
| Particular | Value CAGR |
|---|---|
| H1 | 6.6% (2023 to 2033) |
| H2 | 5.6% (2023 to 2033) |
| H1 | 6.7% (2024 to 2034) |
| H2 | 5.8% (2024 to 2034) |
Moving forward to the subsequent period from H1 2024 to H2 2034, the CAGR is foreseen to degrade from 6.7% in the first half to 5.8% in the second half.
Demand for Customized and Multi-Functional Sheds
Consumers are looking for versatile storage solutions that can accommodate basic storage needs and also serve as functional spaces for workshops, hobby rooms, and home offices. Manufacturers are innovating and offering customizable solutions expanding their industrial presence.
Modern designs and social media trends with DIY hacks have ignited more demand for shed and outdoor storage materials and designing making it look more aesthetic and durable.
Preference for Durable and Weather-Resistant Materials
With greater emphasis on durability, longevity, and low maintenance, consumers are increasingly seeking storage solutions made from vinyl, resin, or pressure-treated wood. This shift towards durable materials is influencing buying options and thus propelling growth.
Expanding Home Improvement and DIY Trends
As more homeowners are engaging in renovation and landscaping projects, there is a heightened requirement for outdoor storage solutions. DIY trend is expected to grow more with exciting innovation and integration of technology, making customization material selection easier. This trend is foreseen to persist soaring growth of this landscape in the future.
Principal Consultant
Outdoor sheds require maintenance from time to time and it can be pretty expensive to own one. Purchasing cheap plastic sheds can be a headache with harsh weather conditions and breakage issues. Getting a steel shed can be even more costly and needs proper cleaning to maintain quality and staining.
Lack of space is the biggest restraint as many households have smaller living spaces and don’t invest much in sheds. Urban cities usually face this challenge. Adding to the list are water leakage, pest infestation, and cleaning and maintaining it. All these hurdles pose difficulty in the growth of the industry.
The shed and outdoor storage market is heavily reliant on the performance of various industries such as eCommerce, consumer goods and products, manufacturing, packaging, etc.
In the past few decades, the industry has experienced sustained growth, primarily due to stable economic conditions around the world. Industrially rich economies gained prominence in this industry. The sector did face some fluctuations during the recent COVID-19 pandemic.
During the pandemic, as the world faced sudden shutdowns, the shed and outdoor storage sector received a series blow. Due to the closing down of economies and disrupted supply chains, the demand for sheds and outdoor storage decreased.
Even in developing and developed countries, the landscape did not perform very well. However, things began to change in the later stages of the pandemic. During this period of 2019 to 2023, the shed and outdoor storage industry exhibited a CAGR of 5.3% with its value reaching USD 7,078.9 million.
In the later stages of the pandemic, as the world became accustomed to the new norm, the space began to pick some pace. With the booming pharma industry across the world, the demand for warehousing and efficient storage facilities touched the skies.
This pushed manufacturers into investing in sheds and outdoor storage facilities. The advent of eCommerce in developing and underdeveloped economies, post-pandemic, also facilitated the expansion of this industry.
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Tier 1 companies include Lifetime Products Inc., Suncast Corporation, Rubbermaid, Keter Group, and ShelterLogic Group are global leaders in the shed and outdoor storage market. These companies are estimated to cover USD 2619.2 million with a value share of 37%. These companies are known for their extensive product lines, innovative solutions, and strong brand recognition.
Their global presence is marked by strong distribution networks, partnerships with major retailers, and strategic marketing campaigns. For example, Keter Group’s acquisition of several smaller brands and its focus on sustainable products have burgeoned its international share value.
Tier 2 companies focused on expansion and strategic alliances expanding their footprints in the global landscape seen to cover USD 2408.4 with a share of around 34%. These companies often emphasize product diversification and customization to cater to specific regional demands. They focus on product diversification and customization to cater to specific regional demands.
For example, Tuff Shed has been enhancing its product offerings with customizable features to attract a wider customer base in different spaces. Arrow Storage Products, Rowlinson Garden Products, Tuff Shed, DuraMax Building Products, and Palram Applications are some of the Tier 2 leaders.
Tier 3 companies are niche industry players with regional strength, estimated to show USD 2051.6 million with around 29% global shares. They are expanding by targeting specific regions. These companies typically focus on specialized products and personalized customer service to distinguish themselves in a competitive ecosystem.
Kondor Outbuildings, Handy Home Products, Outdoor Living Today, Cedarshed Industries, and YardStash Solutions are some of the Tier 3 industry players. While their global presence may not be as extensive as Tier 1 and 2 companies, they have a deep understanding of local industry and strong customer loyalty.
Below table countifies the growth factor, challenges, foreseeable CAGRs, and current trends of two related industries of shed and outdoor storage. Warehouse racking industry and rigid packaging container industry both show huge demand with current DIY trends and sustainability demand. The surge for these industries has propelled the investment and research for a more innovative product portfolio.
Warehouse Racking Industry Assessment:
Integration of AI, home delivery services, and product personalization has expanded the industry. Manufacturers are increasing their investments in warehouse racking solutions.
Growing urbanization is accelerating the growth of eCommerce business. Rising awareness of the importance of maximizing space utilization throughout the supply chain. Storage utilities, distribution centers, and stockyards are propelling demand for efficient storage solutions.
| Attributes | Description |
|---|---|
| Related Market | Warehouse Racking Market |
| CAGR (2024 to 2034) | 3.8% |
| Growth Factor | Rising demand for pallet racking systems for cost-effective and timely goods movement in warehouse infrastructure |
| Key Challenges | Existence of numerous vendors has also resulted in severe competition and price wars |
Rigid Packaging Container Industry Assessment:
Packaging giants are developing effective alternatives to single-use plastic bottles that are power-packed with the convenience of plastic bottles and the sustainability of carbon packs.
Players are increasing their investments in design and research for product maximization and creating a heightened demand for rigid-packaging containers. The spurring trend of pauperization and increasing trade activities is the soaring global growth of this sector.
| Attributes | Description |
|---|---|
| Related Market | Rigid Packaging Container Market |
| CAGR (2024 to 2034) | 3% |
| Growth Factor | Rising demand for these containers from industrial as well as non-industrial goods is appreciating valuation |
| Key Challenges | Environmental impact due to non-biodegradability and difficulties in recycling poses a hurdle in overall growth |
Below given countries are expanding in the shed and outdoor storage market with huge investments in research and government initiatives. Asian and European countries are excelling in this sector with current requirements for shades and outdoor storage units to protect vehicles and regular belongings.
Current sustainability trends and modern designs with smart technology integration have gained traction with immense popularity around borders. Below given table provides the CAGRs of different countries and the data mentioned summarizes trends, growth factors, and recent advances.
| Countries | CAGR from 2024 to 2034 |
|---|---|
| India | 8.6% |
| China | 7.9% |
| Italy | 6.7% |
| Japan | 6.6% |
| United States | 3.5% |
Indian companies benefit from lower production costs due to affordable labor and raw materials. This allows them to offer high-quality products at attractive prices in international spaces.
The Indian government’s initiatives to promote exports and improve infrastructure have accelerated easier access to global landscapes. India is estimated to register a promising CAGR of 8.6% through 2034 with a strategic focus on export capacities. This is positioning Indian manufacturers as key players in the global shed and outdoor storage industry.
Indian brands like Tata Bluescope Steel, Everest Industries, and Sahyadri Industries, have made significant strides in the industry. For example, Tata BlueScope Steel’s expansion efforts include setting up new manufacturing units and entering partnerships to increase international footprints.
Italy’s reputation for design excellence in creating shed and outdoor storage solutions caters to both practical needs and sophisticated tastes. Emphasis on using durable materials and incorporating modern design elements have staged Italian products as premium offerings in global industries.
Many Italian brands like Bertolini, Biohort, and Unopiù are renowned for their high-quality products that blend functionality with aesthetic appeal.
Mergers and acquisitions have burgeoned Italy’s presence in this sector. For example, Unopiù has entered into partnerships with international retailers and distributors to expand its industrial reach.
Biohort has collaborated with European DIY chains to increase its visibility and accessibility. Italy is foreseen to cover a CAGR of 6.7% from 2024 to 2034 offering personalized solutions catering to individual preferences and environmental considerations.
Growing appeal of eco-conscious consumers looking for stylish yet functional outdoor storage options makes the Italian market skyrocket in this sector.
Trend toward multifunctional outdoor spaces has led to an increase in demand for sheds in the United States. This demand is subjected to sheds that can double as house offices, studios, or recreational spaces. This is influencing global industrial trends in the United States.
The United States is estimated to report a CAGR of 3.5% from 2024 to 2034. American brands such as Lifetime Products, Suncast, and Rubbermaid have become synonymous with durability, quality, and design excellence.
The United States industry is highlighting a growing focus on sustainability and smart technology integration. Consumers are increasingly seeking eco-friendly materials and energy-efficient solutions. This is pushing manufacturers to develop green products.
This country aces in significant investments in research and development to enhance product offerings proving a key factor for the overall growth of the sector. For example, TuffShed has announced plans to expand its production facilities to meet rising demand. DuraMax Building Products is launching a new line of modular, customizable sheds designed for easy assembly and durability.
Below mention table summarizes the value share of segments categorized by application and product type. Vehicular storage is a more fast-moving application with the necessity of the urban populace. Also, steel sheds are the most preferred choice as they carry the most happening properties compared to other materials used.
Increasing need for secure and organized spaces to store vehicles like cars, motorcycles, boats, and RVs has necessitated the usage of vehicular storage. With the rise in vehicle ownership and the growing value placed on protecting these assets from external elements and theft, protection is necessary.
Consumers are investing more in durable, spacious, and accessible storage solutions. Shed and outdoor storage units offer a convenient and cost-effective alternative to traditional garages. This trend is particularly in urban areas where space is limited and the cost of constructing permanent structures can be prohibitive.
| Segment | Vehicular Storage (Application) |
|---|---|
| Value Share (2024) | 54.4% |
Vehicle storage accounts for a value share of 54.4% in 2024. The industry is surging driven by expanding trend of outdoor and recreational activities. People invest in recreational vehicles and equipment. Need for specialized storage solutions that can accommodate varying sizes and provide easy access becomes crucial.
Manufacturers are designing versatile, weather-resistant, and customizable storage options with running demands. This trend has been also bolstered by advancements in materials and construction techniques.
Steel sheds offer exceptional resistance to harsh weather conditions, pests, and fire. This makes them a reliable and long-lasting storage solution. Their robust construction ensures that stored items remain safe and secure, a critical consideration for consumers looking to protect valuable possessions.
Also, these sheds require minimal maintenance, reducing long-term costs and efforts for owners. All these properties add to their appeal in the industry estimate to make a value share of 38.5% in 2024.
| Segment | Steel Covered Sheds (Product Type) |
|---|---|
| Value Share (2024) | 38.5% |
Another factor propelling the popularity of steel-covered sheds is their versatility and customization options. Modern steel sheds are available in a wide range of sizes and designs catering to diverse storage needs and aesthetic preferences.
These can be tailored to include additional features like insulation, ventilation, and shelving. This enhances their functionality. Thus, shed and outdoor storage markets soar with the growing trend of DIY installations top a broader audience.
Advances in technology and innovation like the development of eco-friendly materials and modular construction techniques, have further bolstered the industrial presence of major companies. These advancements enable companies to offer sustainable and versatile storage solutions that meet the evolving demands of international consumers. Thus solidifying their position as leaders in the shed and outdoor storage market.
Manufacturers globally are also focused on sustainability trends producing eco-friendly sheds and outdoor storages catering to a wide audience.
Industry Update
Depending in product type, the industry is trifurcated into steel, wood, and fabric-covered sheds, and deck boxes.
Based on material, the industry is divided into steel, wood, resin, plastic, and metal materials.
Sheds and outdoor storages find application in garden tools and equipment, vehicular storage, and refuse containers.
Online channels, hypermarkets and retail stores, supermarkets, departmental stores, and convenience stores are top distributed channels in this sector.
A regional analysis has been carried out in key countries of North America, Latin America, Asia Pacific, Middle East and Africa (MEA), and Europe.
Industry is set to reach USD 7,222.7 million in 2024.
The valuation is expected to reach USD 13,213.4 million by 2034.
Industry is set to register a CAGR of 6.2% from 2024 to 2034.
Vehicular storage dominates, with a share of 54.4% in 2024.
India is expected to progress at a CAGR of 8.6% through 2034.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis 2019 to 2023 and Forecast 2024 to 2034, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034 6.1. Product Type 6.2. Material 6.3. Application 6.4. Distribution Channel 7. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Product Type 7.1. Steel Covered Sheds 7.2. Wood Covered Sheds 7.3. Fabric Covered Sheds 7.4. Deck Boxes 8. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Material 8.1. Steel 8.2. Wood 8.3. Resin 8.4. Plastic 8.5. Metal 9. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Application 9.1. Garden Tools & Equipment 9.2. Vehicular Storage 9.3. Refuse Containers 10. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Distribution Channel 10.1. Online Channels 10.2. Hypermarkets and Supermarkets 10.3. Departmental Stores 10.4. Convenience Stores 10.5. Retail Stores 11. Global Market Analysis 2019 to 2023 and Forecast 2024 to 2034, By Region 11.1. North America 11.2. Latin America 11.3. Western Europe 11.4. South Asia 11.5. East Asia 11.6. Eastern Europe 11.7. Middle East & Africa 12. North America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 13. Latin America Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 14. Western Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 15. South Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 16. East Asia Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 17. Eastern Europe Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 18. Middle East & Africa Sales Analysis 2019 to 2023 and Forecast 2024 to 2034, by Key Segments and Countries 19. Sales Forecast 2024 to 2034 by Product Type, Material, Application, and Distribution Channel for 30 Countries 20. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 21. Company Profile 21.1. Biohort GmbH 21.2. SHIRE GB 21.3. Yardmaster International 21.4. Asgard Steel 21.5. Keter 21.6. Forest Garden Group 21.7. Storage Palram Applications 21.8. BillyOh
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Shed and Outdoor Storage Market
