North America Outdoor Shed Market to Grow at a CAGR of 5.0% to reach US$ 2,511.03 Mn Million from 2021 to 2028

The North America outdoor shed market is expected to grow from US$ 1,783.37 million in 2021 to US$ 2,511.03 million by 2028; it is estimated to grow at a CAGR of 5.0% from 2021 to 2028.

The US, Canada, and Mexico are economies in North America. Growing preference for metal outdoor sheds is expected to surge the market growth in North America region. With growing industrialization across the region, there is a continuous need of storage area for storing all equipment, tools, and raw materials in a single place. Therefore, the demand for outdoor sheds is growing in industries. Steel metal is the most preferred material for building outdoor industrial sheds owing to its properties such as tough nature and sturdiness. As it is considered as a strongest metal-based material, things made from steel last for a very long period of time. Additionally, steel-metal sheds do not rot or get destroyed by pests, accelerating its usage. Further, these sheds require less maintenance than wooden outdoor sheds. It is also much easier to clean steel sheds with a pressure washer or hose water. Moreover, the sheds can withstand extreme temperatures. When required, metal sheds are easier to transport as they are comparatively lighter than the wood sheds. Owing to various benefits, demand for metal outdoor sheds is rising by various end-use industries, which propels the North America market growth.

In case of COVID-19, North America is among the worst-hit regions by the pandemic. The US, Canada, and Mexico have witnessed a significant rise in the number of COVID-19 infected patients. COVID-19 has negatively impacted manufacturing businesses in the region in four critical areas – supply chain/operations, workforce, 2020 investments, and product offering. In the first nine months, overhead costs, including expenses for sales, research & development (R&D), and administration of various providers fell adversely, due to severe measures taken during the pandemic. North American manufacturers of outdoor sheds suffered a significant loss in the first half of 2020, owing to the high number of COVID-19 cases, specifically in the US. Thus, the constant demand for outdoor sheds witnessed a slight decrease in 2020, owing to the lockdown imposed by the government and low manufacturing of sheds. This has hindered the growth of the outdoor shed market last year, which is likely to continue slightly during 2021. The major loss was seen in commercial and industrial applications; however, in the residential sector, the demand is being sustained due to the penetration of online marketing. As residents are forced to remain indoors, recreational activities such as gardening are surging. This has escalated the demand for new gardening equipment and discarding of old ones. Moreover, to store the obsolete material, people are investing in making more outdoor sheds. Thus, people are purchasing all the equipment online. Therefore, this factor is driving the North America outdoor shed market.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the North America outdoor shed market. The North America outdoor shed market is expected to grow at a good CAGR during the forecast period.

North America Outdoor Shed Market Segmentation        

North America Outdoor Shed Market – By Type

• Wood Sheds
• Metal Sheds
• Plastic Sheds

North America Outdoor Shed Market – By Application

• Residential
• Commercial 
• Industrial

North America Outdoor Shed Market, by Country

• US
• Canada
• Mexico

North America Outdoor Shed Market -Companies Mentioned

• DuraMax
• Handy Home Products 
• Keter
• Lifetime Products
• Rubbermaid 
• ShelterLogic
• Suncast
• Tuff Shed

North America Outdoor Shed Report Scope