Commercial Segment to Dominate Europe Outdoor Shed Market During 2021–2028 

According to a new market research study on “Europe Outdoor Shed Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Type and Application” is expected to reach US$ 2,255.65 million by 2028 from US$ 1,659.28 million in 2021. The market is estimated to grow at a CAGR of 4.5% from 2021 to 2028. The report provides trends prevailing in the Europe outdoor shed market along with the drivers and restraints pertaining to the market growth. Growing online purchases of outdoor shed equipment and materials and rising preference for metal outdoor sheds are the major factor driving the growth of the Europe outdoor shed market. However, overpriced raw material hinders the growth of Europe outdoor shed market.

In case of COVID-19, Europe is among the worst-hit regions by the pandemic. In Europe, France is the hardest-hit country by the COVID-19 outbreak. The region is expected to suffer an economic hit due to the lack of revenue from various industries. Additionally, with the outbreak of another variant of COVID-19 in the UK, outdoor shed manufacturing is expected to get hampered. The region is a significant manufacturing and industrial hub for sectors such as healthcare, aviation, manufacturing, automotive, and energy & power. However, due to the COVID-19 outbreak, many businesses in Europe are facing financial challenges as they had to reduce their activities substantially, owing to the lack of workforce, government-imposed restrictions, and decrease in sales. However, because of increase in gardening activities, maintaining lawns, and following an active lifestyle, there is a demand for outdoor sheds in the residential sector to store several equipment. The e-commerce businesses have also helped in boosting the need for outdoor sheds in the residential sector. Moreover, as the lockdown restrictions have been lifted, and vaccination process has begun, the industrial activities have started again. This will boost the growth of the outdoor shed manufacturing in the region.

The Europe outdoor shed market is segmented into the type, application, and country. Based on type, the market is segmented into wood sheds, metal sheds, and plastic sheds. The metal sheds segment held the largest market share in 2020 owing to high demand of industrial and commercial sheds from region. In terms of growth rate, plastic sheds are the expected to be the fastest growing segment over the forecast period of 2021 to 2028. Based on application, the market is segmented into residential, commercial, and industrial. In 2020, the commercial segment held the largest revenue share of the Europe outdoor shed market and same segment is expected to be fastest growing during forecast period. Based on country, the market is segmented into the UK, Germany, France, Italy, Russia , and rest of Europe.  

DuraMax, Keter, Lifetime Products, Rubbermaid, and Suncast are among the leading companies in the Europe outdoor shed market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, Suncast Corporation has announced the installation of new solar array panels to help power its Batavia, Illinois operations.

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