PUBLISHER: Grand View Research | PRODUCT CODE: 1268720
PUBLISHER: Grand View Research | PRODUCT CODE: 1268720
Residential Outdoor Storage Market Size, Share & Trends Analysis Report By Material (Wood, Plastic), By Product (Shipping Containers, Sheds), By Distribution Channel, By Region, And Segment Forecasts, 2023 - 2030
Residential Outdoor Storage Market Growth & Trends:
The global residential outdoor storage market size is expected to reach USD 2.09 billion by 2030, expanding at 4.0% CAGR from 2023 to 2030, according to a new report by Grand View Research, Inc. The rising demand for comfortable, well-furnished, and enhanced outdoor spaces is driving the demand for residential outdoor storage.
The major residential outdoor storage application includes storage of items that are found in residential spaces including home maintenance supplies & equipment, home furnishing, gardening tools & equipment, refuse containers, vehicles, and canopies. The residential outdoor storage products improve the item's assortment and subsequently, undertake the management of space in the residential property efficiently.
The presence of a highly organized network in the retail sector is one of the most important factors driving product demand as the consumer has a wide product assortment and higher visibility of the products through the same. This offline mode of product distribution system includes various departmental stores, convenience stores, hypermarkets, and supermarkets that offer every possible storage product that can be used in the residential premise.
In addition, the rapidly increasing penetration of e-commerce platforms coupled with the increasing tie-up and collaboration of various retailers with online distributors is further expected to facilitate the consumer with the desired storage product thereby adding to the market growth on a positive note.
Rapidly changing consumer preference toward maintaining separate vehicles for office use and traveling, is expected to drive demand for extra parking space, such as sheds made from steel and wood, over the forecast period. Increasing preference for all-weather shade and carports in residential spaces owing to their sturdy open-style structure and low maintenance are expected to drive product (shed or carports) demand for the vehicle covering in residential spaces.
Rising demand for comfortable, well-furnished, and enhanced outdoor spaces is expected to drive the residential outdoor storage industry over the forecast period. Increasing spending on lawn and garden equipment for lawn maintenance, especially in countries such as the U.S., Canada, Italy, the UK, France, and Germany, is expected to boost the need for storing items such as lawn/garden equipment, swimming pool hygiene products, lighting repair tools, and outdoor sports equipment, which, in turn, is expected to drive the demand for outdoor storage products.
Residential outdoor storage equipment such as sheds, carports, and deck boxes are primarily used in large houses with big lawns and backyards. These are often used for storing gardening equipment, parking vehicles, and accommodating extra furniture. The construction of these storages is limited to multifamily housing units and apartments owing to the unavailability of space and the high costs involved in developing them. The global shift from single-family housing units to multifamily housing units owing to the affordability of the family homes and insufficient space in urban areas is expected to result in a surged demand for apartment housing units. This, in turn, is anticipated to result in reduced demand for residential outdoor storage across the world.
Residential Outdoor Storage Market Report Highlights:
- The plastic material segment accounted for a revenue share of 40.7% in 2022. It is expected to grow at a CAGR of 4.2% from 2023 to 2030. This is owing to various properties such as lightweight, water-resistant, termite-resistant, and easy-to-set-up features in outdoor spaces
- The sheds product segment was valued at USD 886.5 million in 2022. It is expected to reach USD 1.17 billion by 2030. The rising trend of cultivating fruits and vegetables coupled with the growing interest in floriculture in the backyard of residential premises, especially in North America and Europe, is likely to augment the segment growth over the forecast period
- Based on the distribution channel segment, the retail segment dominated the market with a revenue share of 49.3% in 2022. This is due to the higher consumer preference for physical stores over other channels as retail distribution channel offers consumers the ability to inspect various product features. These features include product condition, color, specification, and aesthetics, before the purchase
- The North America region accounted for a significant revenue share in 2022. This is largely due to the increasing consumer preference for outdoor activities such as landscaping and gardening, especially in the U.S. and Canada
- The market exhibits tremendous potential in terms of raw material supplies and consumer base. Hence, it presents tremendous opportunities for new entrants on account of increasing product demand from consumers globally. This also results in a high threat from new entrants to the established players
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.2. Market Definition
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. Data Validation & Publishing
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2022
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Market Variables, Trends, and Scope
- 3.1. Market Lineage Outlook
- 3.2. Industry Value Chain Analysis
- 3.3. Regulatory Framework
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Market Opportunity Analysis
- 3.4.4. Market Challenge Analysis
- 3.5. Business Environment Analysis: Residential Outdoor Storage Market
- 3.5.1. Industry Analysis - Porter's
- 3.5.1.1. Supplier Power
- 3.5.1.2. Buyer Power
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat from New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. Industry Analysis - PESTLE by SWOT
- 3.5.1. Industry Analysis - Porter's
- 3.6. Market Disruption Analysis
Chapter 4. Residential Outdoor Storage Market: Material Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Material Movement Analysis & Market Share, 2022 & 2030
- 4.3. Residential Outdoor Storage Market Estimates & Forecasts, by Material, (USD Million), 2018 to 2030
- 4.3.1. Wood
- 4.3.2. Plastic
- 4.3.3. Metal
- 4.3.4. Others
Chapter 5. Residential Outdoor Storage Market: Product Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Product Movement Analysis & Market Share, 2022 & 2030
- 5.3. Residential Outdoor Storage Market Estimates & Forecasts, by Product, (USD Million), 2018 to 2030
- 5.3.1. Shipping Containers
- 5.3.2. Sheds
- 5.3.3. Deck Boxes, Bins & Totes
- 5.3.4. Outdoor Shelves
- 5.3.5. Outdoor Storage Benches & Cabinets
Chapter 6. Residential Outdoor Storage Market: Distribution Channel Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Distribution Channel Movement Analysis & Market Share, 2022 & 2030
- 6.3. Residential Outdoor Storage Market Estimates & Forecasts, by Distribution Channel, (USD Million), 2018 to 2030
- 6.3.1. Retail
- 6.3.2. Wholesale
- 6.3.3. E-Commerce
Chapter 7. Residential Outdoor Storage Market: Regional Estimates & Trend Analysis
- 7.1. Residential Outdoor Storage Market: Regional Key Takeaways
- 7.2. Residential Outdoor Storage Market: Regional Outlook
- 7.2.1. North America
- 7.2.1.1. North America residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.1.2. U.S.
- 7.2.1.2.1. U.S. residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.1.3. Canada
- 7.2.1.3.1. Canada residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2. Europe
- 7.2.2.1. Europe residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2.2. U.K.
- 7.2.2.2.1. U.K. residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2.3. Germany
- 7.2.2.3.1. Germany residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.2.4. France
- 7.2.2.4.1. France residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.3. Asia Pacific
- 7.2.3.1. Asia Pacific residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.3.2. China
- 7.2.3.2.1. China residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.3.3. Japan
- 7.2.3.3.1. Japan residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.3.4. South Korea
- 7.2.3.4.1. South Korea residential outdoor storage market estimates and forecasts, 2018 - 2030 (USD Million)
- 7.2.1. North America
Chapter 8. Residential Outdoor Storage Market - Competitive Analysis
- 8.1. Key players & recent developments & their impact on the industry
- 8.2. Vendor Landscape
- 8.3. Competition Categorization
- 8.4. Company market position analysis
- 8.5. Competitive Dashboard Analysis
- 8.6. Private Companies
- 8.7. List of key emerging companies and their geographical presence
- 8.8. Comaony Heat Map Analysis
- 8.9. Company Listings
- 8.9.1. Lifetime Products
- 8.9.2. Suncast Corporation
- 8.9.3. CEDARSHED USA
- 8.9.4. Tuff Shed Inc.
- 8.9.5. Backyard Buildings & More
- 8.9.6. Keter
- 8.9.7. Rubbermaid
- 8.9.8. Leisure Season Ltd
- 8.9.9. Barnyard Utility Buildings
List of Tables
- Table 1 Residential outdoor storage market revenue estimates & forecasts by material, 2018 - 2030 (USD Million)
- Table 2 Residential outdoor storage market revenue estimates & forecasts by product, 2018 - 2030 (USD Million)
- Table 3 Residential outdoor storage market revenue estimates & forecasts by distribution channel, 2018 - 2030 (USD Million)
List of Figures
- 1. Information Procurement
- 2. Primary Research Pattern
- 3. Primary Research Process
- 4. Market research approaches - Bottom-Up Approach
- 5. Market research approaches - Top Down Approach
- 6. Market research approaches - Combined Approach
- 7. Residential outdoor storage market segmentation
- 8. Market Lineage Outlook
- 9. Residential outdoor storage market - Value chain analysis
- 10. Residential outdoor storage: Market dynamics
- 11. Residential outdoor storage market driver impact analysis
- 12. Residential Outdoor Storage Market, by Material: Key Takeaways, 2022 & 2030
- 13. Residential Outdoor Storage Market, by Material: Market Share, 2022 & 2030
- 14. Residential Outdoor Storage Market, by Product: Key Takeaways, 2022 & 2030
- 15. Residential Outdoor Storage Market, by Product: Market Share, 2022 & 2030
- 16. Residential Outdoor Storage Market, by Distribution Channel: Key Takeaways, 2022 & 2030
- 17. Residential Outdoor Storage Market, by Distribution Channel: Market Share, 2022 & 2030
- 18. North America residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million
- 19. U.S. residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 20. Canada residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 21. Europe residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 22. Germany residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 23. France residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 24. U.K. residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 25. Asia Pacific residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 26. China residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 27. Japan residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 28. South Korea residential outdoor storage market estimates & forecasts, 2018 - 2030 (USD Million)
- 29. Residential outdoor structure market: Competitive Environment
- 30. Company Heat Map Analysis
- 31. Residential outdoor storage market: Competitive dashboard analysis
