Middle East and Africa Outdoor Shed Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Type (Wood Sheds, Metal Sheds, and Plastic Sheds) and Application (Residential, Commercial, and Industrial)
Market Introduction
The region is expected to witness a rapid increase in commercialization and industrialization, which would further boost the demand for outdoor sheds in the region. Urbanization in the Middle East is transforming the outlook of countries. The MEA stands among the most highly urbanized regions which is having the construction of the new cities. Responding toward a shift occurring in the global economic power has positioned the Middle East firmly as the world’s fastest-growing market with Dubai and Abu Dhabi turning into global industrial hubs. With the rising industrialization, the adoption of outdoor shed in the manufacturing plants is increasing. Israel, Turkey, and Saudi Arabia are a few countries that hold a significant position in the industrial growth. The government of Saudi Arabia is providing huge financial and administrative backing to the manufacturing sector. These include implementation of the required infrastructure, construction of new industrial cities such as Jubail and Yanbu, and the establishment of Saudi Industrial Development Fund (SIDF) and other incentives to help industrialization. With the rise in industrialization and manufacturing activities, there is an increase in manufacturing plants. Each manufacturing plant will require a storage space, which is increasing the demand for outdoor industrial sheds. In the MEA, there is already a pressure on the economy of various oil-based countries due to falling oil prices. In addition to this, the factory lockdowns and business shutdowns due to COVID-19, are further aggravating the economic problems of the countries in the region. The construction activities in the MEA dropped significantly. However, with the release of lockdown restrictions and start of vaccination process, the construction activities have started again. The number of factories in the region is also growing, leading to the requirements for outdoor sheds in the factories.
In case of COVID-19, MEA is highly affected especially South Africa. The MEA comprises South Africa, the UAE, Saudi Arabia, and other countries. The Middle East & Africa region has a smaller number of companies that offer market-specific solutions. According to the Institute of Chartered Accountants in England and Wales (ICAEW), the Middle East economy is anticipated to witness a sharp slowdown in the first half of 2020, regardless of impetus packages as well as monetary rate cuts to relax the economic setback of the COVID-19 outbreak. Further, the Middle East economy is projected to notice a pickup in the second half of 2021, after both demand and supply-side disruptions disappear. In the Middle East & Africa, the requirement for outdoor sheds in commercial and industrial applications is more than the residential sector, owing to major use of outdoor sheds in industries. With the imposition of lockdown, the factories are unable to operate; therefore, there is a dip in the demand in 2020. However, as the lockdown restrictions have been lifted in 2021, the manufacturing and other industrial activities have started again. The number of factories is also growing in the region, leading to the requirements of outdoor sheds for the factories. Therefore, this factor will have a positive impact on the growth of the outdoor shed market in the region.
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Market Overview and Dynamics
The MEA outdoor shed market is expected to grow from US$ 352.46 million in 2021 to US$ 455.66 million by 2028; it is estimated to grow at a CAGR of 3.7% from 2021 to 2028. Increase in the adoption of smartphones and the high penetration of internet are bolstering the adoption of e-commerce across the region. Nowadays, products are easily accessible, with only a tap away. This has also influenced the outdoor shed businesses to adopt online selling channels to expand their respective customer bases. Raw materials and other equipment required to construct outdoor sheds are often bulky. Therefore, in conventional purchase, it is difficult to carry everything from store to home. On the other side, in online purchases, these materials and tools are delivered at the doorstep. Also, with the help of e-commerce, a consumer compares the material quality and significant price among various options. Furthermore, the ongoing COVID-19 pandemic crisis is compelling consumers to stay indoors. With the DIY (do it yourself) concept, in the pandemic, people are getting more time to develop the outer area of their houses by themselves. As a result, the use of online shopping for both essential and nonessential goods, comprising outdoor shed materials, is increasing amid pandemic across MEA region.
Key Market Segments
In terms of type, the metal sheds segment accounted for the largest share of the MEA outdoor shed market in 2020. In terms of application, the industrial segment held a larger market share of the MEA outdoor shed market in 2020.
Major Sources and Companies Listed
A few major primary and secondary sources referred to for preparing this report on the MEA outdoor shed market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are DuraMax, Keter, Lifetime Products, Rubbermaid, and Suncast.
Reasons to buy report
- To understand the MEA outdoor shed market landscape and identify market segments that are most likely to guarantee a strong return
- Stay ahead of the race by comprehending the ever-changing competitive landscape for MEA outdoor shed market
- Efficiently plan M&A and partnership deals in MEA outdoor shed market by identifying market segments with the most promising probable sales
- Helps to take knowledgeable business decisions from perceptive and comprehensive analysis of market performance of various segment form MEA outdoor shed market
- Obtain market revenue forecast for market by various segments from 2021-2028 in MEA region.
MEA Outdoor Shed Market Segmentation
MEA Outdoor Shed Market - By Type
- Wood Sheds
- Metal Sheds
- Plastic Sheds
MEA Outdoor Shed Market - By Application
- Residential
- Commercial
- Industrial
MEA Outdoor Shed Market - By Country
- South Africa
- Saudi Arabia
- UAE
- Rest of MEA
MEA Outdoor Shed Market - Company Profiles
- DuraMax
- Keter
- Lifetime Products
- Rubbermaid
- Suncast
TABLE OF CONTENTS
1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
1.3.1 MEA Outdoor Shed Market – By Type
1.3.2 MEA Outdoor Shed Market – By Application
1.3.3 MEA Outdoor Shed Market- By Country
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. MEA Outdoor Shed Market Landscape
4.1 Market Overview
4.2 MEA PEST Analysis
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. MEA Outdoor Shed Market – Key Market Dynamics
5.1 Key Market Drivers
5.1.1 Escalating Preference for Metal Outdoor Sheds
5.1.2 Surging Online Purchases of Outdoor Shed Equipment and Materials
5.2 Key Market Restraints
5.2.1 Rising Raw Material Cost
5.3 Key Market Opportunities
5.3.1 Burgeoning Active Lifestyles
5.4 Future Trends
5.4.1 Growing Popularity of Gardening and Consumers’ Penchant for Maintaining their Lawns
5.5 Impact Analysis of Drivers and Restraints
6. Outdoor Shed Market – MEA Analysis
6.1 MEA Outdoor Shed Market Overview
6.2 MEA Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7. MEA Outdoor Shed Market Analysis – By Type
7.1 Overview
7.2 MEA Outdoor Shed Market Breakdown, By Type (2020 and 2028)
7.3 Wood Sheds
7.3.1 Overview
7.3.2 Wood Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7.4 Metal Sheds
7.4.1 Overview
7.4.2 Metal Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
7.5 Plastic Sheds
7.5.1 Overview
7.5.2 Plastic Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8. MEA Outdoor Shed Market Analysis – By Application
8.1 Overview
8.2 MEA Outdoor Shed Market Breakdown, By Application (2020 and 2028)
8.3 Residential
8.3.1 Overview
8.3.2 Residential: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
8.5 Industrial
8.5.1 Overview
8.5.2 Industrial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
9. MEA Outdoor Shed Market – Country Analysis
9.1 Overview
9.1.1 MEA: Outdoor Shed Market, by Key Country
9.1.1.1 South Africa: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.1.1 South Africa: Outdoor Shed Market, by Type
9.1.1.1.2 South Africa: Outdoor Shed Market, by Application
9.1.1.2 Saudi Arabia: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.2.1 Saudi Arabia: Outdoor Shed Market, by Type
9.1.1.2.2 Saudi Arabia: Outdoor Shed Market, by Application
9.1.1.3 UAE: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.3.1 UAE: Outdoor Shed Market, by Type
9.1.1.3.2 UAE: Outdoor Shed Market, by Application
9.1.1.4 Rest of MEA: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
9.1.1.4.1 Rest of MEA: Outdoor Shed Market, by Type
9.1.1.4.2 Rest of MEA: Outdoor Shed Market, by Application
10. MEA Outdoor Shed Market- COVID-19 Impact Analysis
10.1 MEA
11. Industry Landscape
11.1 Overview
11.2 Market Initiative
11.3 New Development
12. Company Profiles
12.1 DuraMax
12.1.1 Key Facts
12.1.2 Business Description
12.1.3 Products and Services
12.1.4 Financial Overview
12.1.5 SWOT Analysis
12.1.6 Key Developments
12.2 Keter
12.2.1 Key Facts
12.2.2 Business Description
12.2.3 Products and Services
12.2.4 Financial Overview
12.2.5 SWOT Analysis
12.2.6 Key Developments
12.3 Lifetime Products
12.3.1 Key Facts
12.3.2 Business Description
12.3.3 Products and Services
12.3.4 Financial Overview
12.3.5 SWOT Analysis
12.3.6 Key Developments
12.4 Rubbermaid
12.4.1 Key Facts
12.4.2 Business Description
12.4.3 Products and Services
12.4.4 Financial Overview
12.4.5 SWOT Analysis
12.4.6 Key Developments
12.5 Suncast
12.5.1 Key Facts
12.5.2 Business Description
12.5.3 Products and Services
12.5.4 Financial Overview
12.5.5 SWOT Analysis
12.5.6 Key Developments
13. Appendix
13.1 About The Insight Partners
13.2 Word Index
LIST OF TABLES
Table 1. MEA Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Table 2. MEA Outdoor Shed Market, by Key Country – Revenue and Forecast to 2028 (US$ Million)
Table 3. South Africa: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 4. South Africa: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 5. Saudi Arabia: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 6. Saudi Arabia: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 7. UAE: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 8. UAE: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 9. Rest of MEA: Outdoor Shed Market, by Type – Revenue and Forecast to 2028 (US$ Million)
Table 10. Rest of MEA: Outdoor Shed Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 11. List of Abbreviation
LIST OF FIGURES
Figure 1. MEA Outdoor Shed Market Segmentation
Figure 2. MEA Outdoor Shed Market Segmentation – By Country
Figure 3. MEA Outdoor Shed Market Overview
Figure 4. Metal Sheds Segment held the largest share of MEA Outdoor Shed Market in 2020
Figure 5. Industrial Segment held the largest share of MEA Outdoor Shed Market in 2020
Figure 6. Rest of MEA to Show Great Traction During Forecast Period
Figure 7. MEA: PEST Analysis
Figure 8. MEA Outdoor Shed Market – Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Impact Analysis of Drivers and Restraints
Figure 11. MEA Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 12. MEA Outdoor Shed Market Breakdown, By Type (2020 and 2028)
Figure 13. MEA Wood Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 14. MEA Metal Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 15. MEA Plastic Sheds: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 16. MEA Outdoor Shed Market Breakdown, By Application (2020 and 2028)
Figure 17. MEA Residential: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 18. MEA Commercial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 19. MEA Industrial: Outdoor Shed Market Revenue and Forecast to 2028 (US$ Million)
Figure 20. MEA Outdoor Shed Market, by Key Country – Revenue (2020) (USD Million)
Figure 21. MEA: Outdoor Shed Market Revenue Share, by Key Country (2020 and 2028)
Figure 22. South Africa: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 23. Saudi Arabia: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. UAE: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Rest of MEA: Outdoor Shed Market – Revenue and Forecast to 2028 (US$ Million)
Figure 26. Impact of COVID-19 Pandemic in MEA Country Markets
- DuraMax
- Keter
- Lifetime Products
- Rubbermaid
- Suncast
- Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the MEA outdoor shed market.
- Highlights key business priorities in order to assist companies to realign their business strategies
- The key findings and recommendations highlight crucial progressive industry trends in the MEA outdoor shed market, thereby allowing players across the value chain to develop effective long-term strategies
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
- Scrutinize in-depth MEA market trends and outlook coupled with the factors driving the outdoor shed market, as well as those hindering it
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution