Global Garden Sheds Market Size By Type(Wood, Metal, Plastic), By Application(Commercial, Residential), By Geographic Scope And Forecast

Garden Sheds Market Size And Forecast

Garden Sheds Market size was valued at USD 5,889.12 Million in 2022 and is projected to reach USD 9,255.81 Million by 2030, at a CAGR of 5.80% from 2023 to 2030.

Rising population interest in enhancing the attractiveness of landscapes, as well as increased purchasing power due to rising disposable income, are some of the drivers projected to fuel market revenue development. The Global Garden Sheds Market  report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.

What is Garden sheds?

Garden sheds are the ideal option for outdoor organising and decoration. Garden sheds are an excellent addition to any garden since they provide a place to keep gardening tools, equipment, and other stuff. Garden sheds, on the other hand, can be utilised for various functions, such as a workshop or office. They come in a number of sizes and styles, so make sure you choose the correct one for you. Garden storage sheds are a very useful item to have, especially if you have a large yard or garden space. They are available in a broad range of sizes and types these days, making it easy to select one that meets practically every purpose, design choice, and space constraints. Garden sheds may be simple in design, but they may be used for a variety of different purposes and provide a lot of advantages.

Garden sheds can be made by following materials

Wooden tool shed – Wood is the traditional building material for a garden shed, and if you create it from the correct wood your shed will endure a long time. When you build a shed out of wood, you may make it whatever size and shape you choose.Resin ShedsThese are the most recent sheds that are becoming increasingly popular. They are also known as plastic sheds, vinyl sheds, and high-density polyethylene sheds.

Metal sheds are built of either steel or galvanised aluminium. Sheds classified by useGarden office – If your home does not have enough space for an office, try building a bespoke shed in the garden. Moreover, the firewood storage sheds can be built as freestanding structures or as lean-to structures against an existing wall. They are intended to protect your firewood from rain and snow by providing shelter.

Global Garden Sheds Market Overview

Rising population interest in enhancing the attractiveness of landscapes, as well as increased purchasing power due to rising disposable income, are some of the drivers projected to fuel market revenue development. Beautiful landscapes surrounding residential properties and large office buildings, corporate campuses, and business buildings are gaining popularity among high-income groups such as institutional clients and large business owners because they contribute to the development of a prestigious and luxurious image in society. The industry is seeing an increase in demand for landscaping and gardening due to the wide availability of unique goods, tools, materials, plants, and equipment, as well as a huge number of discount alternatives on internet sites and specialised stores.

The rising number of residential homes and bungalows, as well as extensive backyards, has raised demand for garden sheds. Furthermore, the rising demand for storage areas for lawn mowers, fertilisers, and garden equipment has raised demand for garden sheds. In 2022, India’s residential real estate industry had astonishing growth, with record-breaking sales, showing better buyer and investor enthusiasm. The Indian real estate industry showed indications of revival in 2021, particularly in the residential segment. Following the second wave of COVID, the market saw considerable improvements in new project launches and an increase in house sales from July to September 2021. This momentum is predicted to result in substantial residential building in 2022, with sales likely to exceed pre-COVID levels.

Moreover, the European residential market, like other real estate assets, is undergoing a gradual shift as a result of the health crisis. The need for more space, as seen by larger houses and flats, and the desire to reconnect with nature by relocating from the city to the countryside, are two important trends that have influenced real estate in recent years. Housing market demand continues high, with over 300,000 houses sold in the UK in the first quarter of 2022. With a 12.5% increase year on year, UK property prices in Q1 2022 witnessed the biggest year-on-year gain since 2014. Wales, with 15.2% growth, and the South West, with 14.4% growth, are the highest performing regions. Because of the current geopolitical crisis in Europe, the global economy remains unclear; yet, demand is likely to be high, putting downward pressure on prices.

Global Garden Sheds MarketSegmentation Analysis

The Global Garden Sheds Market is segmented on the basis of Type, Application, and Geography.

Garden Sheds Market by Type

• Wood
• Metal
• Plastic

Based on Type, Wood accounted for the largest market share in 2022, and is projected to grow at a CAGR of 6.34% during the forecast period. Wood is a popular material for outdoor storage sheds due to its natural beauty and durability. Cedar and redwood are commonly used, as they are resistant to rot and decay, especially in humid climates. Building a wooden shed is relatively simple and can be done by those with handy skills. Wooden sheds also have the advantage of being customizable to match the style and appearance of a home, making them an attractive addition to a garden. Moreover, wooden framed garden sheds maintain the vintage charm of a wooden garden shed, it’s important to provide proper care to prevent damage such as splitting, warping, and rotting. The regular maintenance of the wooden garden shed helps to look it beautiful for many years. Moreover, adding insulation can regulate the temperature inside and help preserve the shed’s condition.

Garden Sheds Market by Application

• Commercial
• Residential

On the basis of Application, Residential accounted for the largest market share in 2022, and is projected to grow at the highest CAGR of 5.68% during the forecast period. Residential refers to various types of homes, from single-family houses to apartments. Homes garden shed keeps everything that wants to be kept outside organized, such as equipment, gardening tools, and lawn which can be maintenance essentials like the lawn mower, hoses, and weed killer. Also, the garden sheds look cool, like tiny houses that sit in the backyard are some of the factors that drive the market growth. Moreover, the garden shed is the exterior of the home and is always going to be one of the first things that people see, which means it needs to make a good impression.

Garden Sheds Market by Geography

• North America
• Europe
• Asia Pacific
• Rest of the world

On the basis of regional analysis, the Global Garden Sheds Market is classified into North America, Europe, Asia Pacific and Rest of the world. Europe accounted for the largest market share in 2022 and is projected to grow at the highest CAGR of 5.54% during the forecast period. The demographic trend of rising per capita income and low mortgage rates in residential constructions in European is the factor driving the market growth. Also, the construction sector is essential in delivering the European Union’s smart, sustainable, and inclusive growth goals. In 2021, according to the European Construction Industry Federation (FIEC), the total investment in construction was USD 1,814.1 billion.Moreover, according to the report of McKinsey & Company, due to the covid 19 surge in the e-commerce platform in Europe, digital adoption in Europe jumped nearly 14 percent. Also, millions of people spent time clearing out wardrobes, lofts, and garden sheds and selling unwanted goods online during lockdowns. Furthermore, the trend will continue to expand on the back of consumers’ growing concern about sustainability, which will increase the region’s market growth.

Key Players

The “Global Garden Sheds Market” study report will provide a valuable insight with an emphasis on the global market. The major players in the market are Keter Plastic, Lifetime, Tuff Shed, ShelterLogic Group, Biohort, Absco Sheds, Pineca Group, Grosfillex, Duramax, Nordic Garden Buildings, YardMaster International, Asgard Steel Storage, Shire GB, Rubbermaid, and Sinolily.

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• Qualitative and quantitative analysis of the market based on segmentation involving both economic as well as non-economic factors• Provision of market value (USD Billion) data for each segment and sub-segment• Indicates the region and segment that is expected to witness the fastest growth as well as to dominate the market• Analysis by geography highlighting the consumption of the product/service in the region as well as indicating the factors that are affecting the market within each region• Competitive landscape which incorporates the market ranking of the major players, along with new service/product launches, partnerships, business expansions, and acquisitions in the past five years of companies profiled• Extensive company profiles comprising of company overview, company insights, product benchmarking, and SWOT analysis for the major market players• The current as well as the future market outlook of the industry with respect to recent developments which involve growth opportunities and drivers as well as challenges and restraints of both emerging as well as developed regions• Includes in-depth analysis of the market of various perspectives through Porter’s five forces analysis• Provides insight into the market through Value Chain• Market dynamics scenario, along with growth opportunities of the market in the years to come• 6-month post-sales analyst support

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