Report : Europe & US Outdoor Shed Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type (Garden Sheds, Lean-To Sheds, Insulated Sheds, Garage Sheds, and Others), Material Type (Wood Sheds, Metal Sheds, and Plastic Sheds), Application (Residential, Commercial, and Industrial) and Size (Less than 5M2, 5M2 – 7M2, 7M2 – 10M2, and Above 10M2)
The scope of our recent study on the “Europe & US Outdoor Shed Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Type, Material Type, Application, and Size,” includes the description of factors fueling the market growth, estimation, and forecast of revenue, and identification of significant market players and their key developments, along with providing analysis of market share.
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The Europe & US outdoor shed market is expected to grow from US$ 2,816.93 million in 2021 to US$ 3,868.74 million by 2028; it is expected to grow at a CAGR of 4.8% from 2022 to 2028
Outdoor sheds are convenient structures that can serve several purposes, including the storage of lawn mowers and dirt bikes. They allow to free up space inside the house while being conveniently present at the corner of backyards. Several modern-day outdoor sheds are prefabricated, which can be setup with minimal assembling requirements. Additionally, customizing and ordering such sheds have become easier since most manufacturers have setup shops online. A rise in the adoption of smartphones and the high penetration of the internet are bolstering the adoption of e-commerce globally. Nowadays, products are easily accessible on e-commerce platforms. This led the Europe & US outdoor shed market players to adopt online selling channels to expand their respective customer bases. For instance, Empire Sheds, the UK-based company, has a wide array of outdoor sheds available for ordering on their website. The company follows a consumer-focused design layout to attract more customers. Such trends have been fueling the Europe & US outdoor shed market growth.
The Europe & US outdoor shed market is segmented into type, material type, application, size, and geography. Based on type, the market is segmented into garden sheds, lean-to sheds, insulated sheds, garage sheds, and others. The garage sheds segment was the leading revenue-generating segment in 2021. These sheds can be setup easily; they are sturdy and long-lasting. The higher price point and growing adoption aided this segment’s growth. Based on material type, the market is categorized into wood sheds, metal sheds, and plastic sheds. Metal sheds have a higher price but are more durable and long-lasting than the other shed types. Based on application, the market is segmented into residential, commercial, and industrial. Based on size, the market is segmented into less than 5m2, 5m2 – 7m2, 7m2 – 10m2, and above 10m2.
Based on geography, the Europe & US outdoor shed market is segmented into Europe and the US. The Europe outdoor shed market is further segmented into Germany, the UK, France, Italy, Russia, and the Rest of Europe. In 2021, Germany dominated the market. The country has a large manufacturing base and is the biggest European economy. Such factors aided the growth of the Europe & US outdoor shed market size. However, the UK is expected to grow at the highest CAGR during the forecast period, owing to the growing adoption of these sheds as temporary home offices. A 50% hike in the search for garden sheds was witnessed in the UK from April to October of 2020, compared to the same period in 2019.
Impact of COVID-19 Pandemic on Europe & US Outdoor Shed Market
The Europe & US outdoor shed market growth suffered a slowdown for a brief period due to disrupted supply chains of raw materials and shed deliveries during the COVID-19 pandemic. The entire manufacturing process was discontinued due to delays in the production and delivery of parts of the outdoor sheds. Social restrictions on operations at facilities, such as the mandate of a limited workforce on the work floor and temporary shutdowns of plants, and scarcity of raw material, aggravated the decline in supply. Moreover, the availability of fewer trucks due to the limited availability of workers led to slower unloading from container ships, resulting in shipment delays. However, as enterprises started working remotely, employees were required to setup home offices to continue their work. Such factors promoted the utilization of outdoor sheds for setting up temporary offices in the backyard. Reportedly, interest in narrow sheds spiked by ~300% in the UK, and social media trends showcased growing posts on people utilizing outdoor sheds. Such factors minimized the losses incurred by Europe & US outdoor shed market players.
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