Global Umbrella Market Report and Forecast 2024-2032

Global Umbrella Market Outlook

The global umbrella market size reached approximately USD 7.37 billion in 2023. The market is further projected to grow at a CAGR of 2.2% between 2024 and 2032, reaching a value of USD 9.02 billion by 2032.

Key Trends in the Market

An umbrella refers to a handheld and portable tool that is used by individuals to provide them protection against sunlight and rain. The term umbrella comes from the Italian word “ombrella” that can be rooted back to the Latin word “umbella” derived from “umbra” which means shadow or shade.

• The growing awareness about the various harmful effects of exposure to sunlight for long periods of time is aiding the umbrella market growth. UV damage can take a toll on the skin and the underlying connective tissue, resulting in the development of lines and wrinkles. Moreover, exposure to sunlight can also elevate the risk of skin cancer.

• The rising trend of matching accessories and increasing availability of product customisation is supporting the market expansion. Availability of umbrella with personalised designs and colour schemes allow them to express their creativity and sense of style.

• Rising unpredictability of weather owing to the subjection of atmosphere with nonlinear dynamics coupled with increasing population are offering lucrative growth opportunities to the market. Various studies by renowned institutions, including Stanford University have shown that increasing temperatures can intensify the unpredictable nature of the weather in the midlatitudes of the earth.

Global Umbrella Market Analysis

On the basis of type, the market is divided into straight, folding, and automatic, among others. Based on end use, the market is bifurcated into adult and kids.

On the basis of distribution channel, the market is classified into offline and online. Based on region the umbrella market segmentation includes North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and latest developments like mergers, acquisitions, investments, and expansion plans.

• ShedRain Corporation

• Huifeng Umbrella Co., Ltd.

• Madeblunt USA, Inc.

• Swaine Swaine Group Limited

• GustBuster Umbrellas

• Totes Isotoner Corp.

• London Undercover Ltd.

• Fujian Fanhe Import & Export Trading Co., Ltd.

• Fox Umbrellas Ltd.

• Zhejiang Hongye Umbrella Co., Ltd.

• Others

Umbrella Market Share by Distribution Channels

Online distribution channels are anticipated to account for a significant umbrella market share over the forecast period owing to the availability of a variety of colour and designs, brands, and types including automatic, straight, and folding, among others. Additionally, online distribution channels also offer lucrative discounts, fast delivery, and easy return and refund. The availability of detailed product descriptions and customer reviews allows the shopper to select the umbrella most suitable to their requirements.

Umbrella Market Share by Region

North America is expected to witness significant growth in the coming years. This growth can be attributed to the increasing threat of melanoma in the region. The risk of melanoma increases with regular exposure to the ultraviolet radiations of the sun because of which the requirement for protective clothing, close fitting sunglasses, SPF sunscreen, and umbrellas is increasing. The growing accessibility of umbrellas across different distribution channels along with the rising availability of customised umbrellas to complement the personal styles of individuals is further bolstering the umbrella market demand in North America.

Competitive Landscape

ShedRain Corporation is one of the leading engineers, producers, and designers of rainwear and umbrella. The company was founded in 1947 and is headquartered in Oregon, United States. Shed combines ingenuity and craftmanship with sophisticated style while manufacturing their products.

Huifeng Umbrella Co., Ltd., headquartered in Guangdong, China, is an umbrella manufacturing company that was founded in 1998. The products provided by the company range from personalised folding umbrellas to sturdy and large golf umbrellas.

Swaine Swaine Group Limited is a leading supplier and manufacturer of leather goods including hats, parasols, handbags, suitcases, and umbrella, among others. The company was founded in 1750 and is headquartered in London.

Other umbrella market key players include Madeblunt USA, Inc., GustBuster Umbrellas, Totes Isotoner Corp., London Undercover Ltd., Fujian Fanhe Import & Export Trading Co., Ltd., Fox Umbrellas Ltd., and Zhejiang Hongye Umbrella Co., Ltd., among others.

Key Highlights of the Report

Umbrella Market Report Snapshots

Umbrella Market Size

Umbrella Market Share

Umbrella Market Analysis

Umbrella Companies