The Outdoor Storage Sheds Market Size was estimated at 124.85 (USD Billion) in 2022. The Outdoor Storage Sheds Market is expected to grow from 129.14 (USD Billion) in 2023 to 175.0 (USD Billion) by 2032. The Outdoor Storage Sheds Market CAGR (growth rate) is expected to be around 3.44% during the forecast period (2024 - 2032).
Key Outdoor Storage Sheds Market Trends Highlighted
The global outdoor storage shed market is primarily driven by the increasing demand for additional storage space in residential and commercial settings. The growing popularity of DIY (do-it-yourself) projects and the rise in home improvement expenditure are further propelling market growth.
The desire for organized and functional outdoor spaces is also contributing to the demand for storage sheds.
Market opportunities exist in the development of innovative shed designs, including compact and modular options, to address space constraints.
The integration of smart features, such as remote access and security systems, is also emerging as a key trend. Additionally, the use of sustainable materials and eco-friendly practices is becoming increasingly important to environmentally conscious consumers.
Recent market trends include the expansion of the composite shed segment, which offers durability and low maintenance, and the growing preference for sheds with customizable features, such as windows, doors, and paint options.
The increasing popularity of online retailers and e-commerce platforms is also influencing market dynamics by providing consumers with convenient and cost-effective purchase options.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Storage Sheds Market Drivers
Growing Demand for Outdoor Storage Solutions
The increasing popularity of outdoor living spaces and the need for additional storage options have fueled the growth of the Outdoor Storage Sheds Market. As homeowners seek to expand their living areas beyond the confines of their homes, they require secure and weather-resistant storage solutions for their outdoor furniture, gardening equipment, and other belongings.
Outdoor storage sheds provide a convenient and cost-effective way to meet this growing demand, leading to a surge in market growth.
The versatility of outdoor storage sheds further contributes to their popularity. These structures can be customized to fit specific storage needs and aesthetic preferences, making them an ideal solution for both residential and commercial applications.
Whether it's storing pool equipment, bikes, or lawnmowers, outdoor storage sheds offer a practical and efficient storage solution that enhances the functionality and aesthetics of outdoor spaces.
Furthermore, the rising disposable income and increasing consumer spending on home improvement projects have positively impacted the growth of the Outdoor Storage Sheds Market. Homeowners are investing in outdoor living spaces to create comfortable and inviting areas for relaxation and entertainment, and outdoor storage sheds are becoming an essential component of these outdoor oases.
Technological Advancements and Innovation
Currently, the Outdoor Storage Sheds Market has started to witness a huge developmental stage in terms of technological advancements and innovation. Manufactures have focused their solutions and products on implementing smart features, as well as durable and sustainable materials for a longer lifetime.
For example, shed producers have implemented remote access and monitoring systems for homeowners to control and track their sheds remotely to ensure added value and comfort for consumers.
As for smart materials, experts have introduced shields made from weather-resistant resins and panels of composite materials to ensure a longer shelter life. Such advances tend to meet the demands of consumers who search for applications within their external activity, as well as long-lifetime solutions.
Growing Environmental Consciousness
The growth of environmental consciousness among customers affects the demand for eco-friendly outdoor storage sheds. Customers consider the influence on the environment and prefer environmentally friendly storage objects. That is why producers supply outdoor storage sheds using recycled materials.
Furthermore, manufacturing outdoor storage sheds uses waste products that reduce their negative influence on the environment. In the future, this trend is supposed to be increased, because more and more customers will be aimed at the environment.
In sum, these trends affect the demand for outdoor storage sheds that are produced with the help of non-polluting technologies.
Outdoor Storage Sheds Market Segment Insights:
Outdoor Storage Sheds Market Material Insights
The Outdoor Storage Sheds Market is segmented based on material into Metal, Wood, Vinyl, and Resin. As of 2019, Metal sheds appear to have the majority of the Outdoor Storage Sheds Market revenues, and the trend is expected to taper off by the end of 2024.
This could be attributed to the material being durable, strong, and weather resistant, which allows storage of heavy equipment and tools typically used outdoors. Metal sheds also tend to be easier to install and maintain. The other common material for sheds is wood, mainly because it is cheap and relatively easy to work with.
Unfortunately, wood also happens to be less durable than metal as it tends to rot and gain insect infestations. Vinyl sheds are a relatively new type of outdoor shed but boast several advantages of both metal and woodsheds.
These advantages include being lightweight, durable, and resistant to rot, insects, and moisture. A similar material is resin, which has similar advantages as vinyl sheds and is resistant to rot, insects, and moisture.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Storage Sheds Market Capacity Insights
The Outdoor Storage Sheds Market is segmented by capacity, with segments including 'Less than 100 cubic feet', '100-500 cubic feet', '500-1,000 cubic feet', and 'Over 1,000 cubic feet'. The '100-500 cubic feet' segment is expected to witness significant growth over the forecast period, driven by the increasing demand for mid-sized storage sheds for both residential and commercial applications.
The '500-1,000 cubic feet' and 'Over 1,000 cubic feet' segments are also expected to exhibit steady growth as they cater to the needs of larger storage requirements for commercial and industrial purposes.
Outdoor Storage Sheds Market Design Insights
The Outdoor Storage Sheds Market is segmented based on Design into Gable, Gambrel, Lean-to, and Saltbox. Among these, the Gable segment held the largest market share in 2023 and is projected to continue its dominance throughout the forecast period.
This is attributed to its popularity due to its traditional design, ease of construction, and ability to withstand various weather conditions. The Gambrel segment is also expected to witness significant growth, owing to its spacious interior and aesthetic appeal.
In terms of revenue, the Gable segment is anticipated to account for over USD 50 billion by 2032, while the Gambrel segment is projected to surpass USD 30 billion during the same period.
These estimates are based on thorough research and analysis of market data, industry trends, and expert insights, providing valuable insights for stakeholders in the Outdoor Storage Sheds Market.
Outdoor Storage Sheds Market Features Insights
The 'Features' segment plays a critical role in driving the growth of the Outdoor Storage Sheds Market, contributing to its substantial revenue. Shelving systems, a key feature, enable efficient storage and organization of items, maximizing space utilization.
Advanced lighting solutions enhance visibility and safety, especially during nighttime usage. Ventilation systems ensure proper airflow, preventing moisture build-up and maintaining the integrity of stored items. Security features, such as reinforced locks and alarm systems, provide peace of mind and protect valuable belongings.
By incorporating these features, manufacturers cater to the evolving needs of customers, leading to increased market growth and customer satisfaction.
Outdoor Storage Sheds Market Regional Insights
The Outdoor Storage Sheds Market is segmented into North America, Europe, APAC, South America, and MEA. North America is the largest market for outdoor storage sheds, accounting for 35.6% of the global market in 2023. The market in North America is expected to grow at a CAGR of 3.2% from 2024 to 2032, reaching a valuation of 63.92 billion USD by 2032.
Europe is the second-largest market for outdoor storage sheds, accounting for 28.7% of the global market in 2023. The market in Europe is expected to grow at a CAGR of 3.0% from 2024 to 2032, reaching a valuation of 49.81 billion USD by 2032.
The APAC region is the fastest-growing market for outdoor storage sheds, with a CAGR of 4.0% from 2024 to 2032. The market in APAC is expected to reach a valuation of 45.29 billion USD by 2032.
South America and MEA are relatively smaller markets for outdoor storage sheds, but they are expected to grow at a steady pace over the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Outdoor Storage Sheds Market Key Players and Competitive Insights:
Major players in the Outdoor Storage Sheds Market are constantly striving to gain a competitive edge over their rivals. Leading Outdoor Storage Sheds Market players are focusing on innovation and product development to meet the evolving needs of customers.
The Outdoor Storage Sheds Market is characterized by intense competition, with a large number of players vying for market share. To stay competitive, companies are investing heavily in research and development, as well as expanding their product portfolios to cater to a wider range of customer needs.
The Outdoor Storage Sheds Market Competitive Landscape is expected to remain fragmented in the near future, with no single player dominating the market.
Rubbermaid is a leading provider of outdoor storage sheds in the global market. The company offers a wide range of sheds in different sizes and styles to meet the needs of various customers. Rubbermaid sheds are known for their durability, weather resistance, and ease of assembly.
The company has a strong distribution network and a loyal customer base, which has contributed to its success in the Outdoor Storage Sheds Market.
Rubbermaid is committed to providing innovative and high-quality products to its customers, and it is expected to maintain its strong position in the market in the coming years.
Lifetime Products is another major player in the Outdoor Storage Sheds Market. The company offers a wide range of sheds made from high-quality materials, such as polyethylene and steel. Lifetime sheds are known for their durability, weather resistance, and low maintenance requirements.
The company has a strong brand reputation and a loyal customer base. Lifetime Products is focused on expanding its product portfolio and increasing its market share in the coming years.
The company is also committed to providing excellent customer service and support, which has contributed to its success in the Outdoor Storage Sheds Market.
Key Companies in the Outdoor Storage Sheds Market Include:
Lowes
Tractor Supply Company
Yard Butler
Menards
Duramax
Lifetime Products
The Home Depot
Castorama
Wickes
B
Suncast Corporation
DTO Products
Keter
Leroy Merlin
Rubbermaid
Outdoor Storage Sheds Market Developments
The increasing urbanization and the growing popularity of outdoor living spaces are key factors driving market growth. Manufacturers are focusing on developing innovative and sustainable products, such as sheds made from recycled materials.
Technological advancements, such as smart sheds with remote access and security features, are also gaining traction. Key players include Keter Group, Rubbermaid, and Suncast Corporation.
Recent developments include Keter's acquisition of Step2, expanding its product portfolio, and Rubbermaid's launch of a new line of sheds designed for extreme weather conditions.
Outdoor Storage Sheds Market Segmentation Insights
Outdoor Storage Sheds Market Material Outlook
Metal
Wood
Vinyl
Resin
Outdoor Storage Sheds Market Capacity Outlook
Less than 100 cubic feet
100-500 cubic feet
500-1,000 cubic feet
Over 1,000 cubic feet
Outdoor Storage Sheds Market Design Outlook
Gable
Gambrel
Lean-to
Saltbox
Outdoor Storage Sheds Market Features Outlook
Shelving
Lighting
Ventilation
Security features
Outdoor Storage Sheds Market Regional Outlook
North America
Europe
South America
Asia Pacific
Middle East and Africa
| Report Attribute/Metric | Details |
| Market Size 2022 | 124.85(USD Billion) |
| Market Size 2023 | 129.14(USD Billion) |
| Market Size 2032 | 175.0(USD Billion) |
| Compound Annual Growth Rate (CAGR) | 3.44% (2024 - 2032) |
| Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year | 2023 |
| Market Forecast Period | 2024 - 2032 |
| Historical Data | 2019 - 2023 |
| Market Forecast Units | USD Billion |
| Key Companies Profiled | Lowes, Tractor Supply Company, Yard Butler, Menards, Duramax, Lifetime Products, The Home Depot, Castorama, Wickes, B, Suncast Corporation, DTO Products, Keter, Leroy Merlin, Rubbermaid |
| Segments Covered | Material, Capacity, Design, Features, Regional |
| Key Market Opportunities | Growing demand for backyard organization The rising popularity of composite materials Emerging trend of smart storage solutions Increasing preference for aesthetically appealing designs Expanding e-commerce channels |
| Key Market Dynamics | Growing popularity of DIY home improvement projects Increasing demand for additional storage space Rise of e-commerce and online retail |
| Countries Covered | North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Outdoor Storage Sheds Market reached a valuation of 129.14 billion USD in 2023 and expected to reach 175.0 billion USD by 2032, exhibiting a CAGR of 3.44% during the forecast period.
North America is anticipated to continue its dominance in the Outdoor Storage Sheds Market, accounting for a significant share due to the rising demand for outdoor storage solutions in residential and commercial sectors.
Increasing urbanization, growing disposable income, and the rising popularity of outdoor living spaces are the primary growth drivers propelling the global outdoor storage shed market forward.
The residential segment is anticipated to experience the highest growth in the Outdoor Storage Sheds Market, driven by the increasing demand for storage solutions for gardening equipment, lawn furniture, and other outdoor items.
Some of the prominent players in the Outdoor Storage Sheds Market include Lifetime Products, Inc., The Home Depot, Inc., Rubbermaid Incorporated, Suncast Corporation, and Arrow Sheds.
Smart storage sheds with features like remote access, temperature control, and security systems are gaining popularity, driven by the growing adoption of smart home technologies.
Fluctuating raw material prices and intense competition from low-cost manufacturers pose challenges to the growth of the Outdoor Storage Sheds Market.
Increasing consumer awareness about sustainability is driving the demand for eco-friendly outdoor storage sheds made from recycled materials and featuring energy-efficient designs.
Advanced manufacturing techniques, such as 3D printing and automation, are optimizing production processes and reducing costs in the global outdoor storage shed market.
The global outdoor storage shed market is projected to continue its growth trajectory, driven by the increasing demand for convenient and durable storage solutions for outdoor spaces.
Senior Research Analyst With an experience of over five years in market research industry (chemicals & materials domain), i gather and analyze market data from diverse sources to produce results, which are then presented back to a client. also, provide recommendations based on the findings. as a senior research analyst, i perform quality checks (qc) for market estimations, qc for reports, and handle queries and work extensively on client customizations. also, handle the responsibilities of client proposals, report planning, report finalization, and execution
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