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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
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.
Umbrella Market Report Snapshots
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market reached a value of approximately USD 7.37 billion in 2023.
The market is projected to grow at a CAGR of 2.2% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 9.02 billion by 2032.
The major market drivers include rising unpredictability of weather and increasing risk of melanoma.
The key trends fuelling the growth of the market include increasing availability of customised and personalised umbrellas and growing awareness about the various harmful effects of exposure to sunlight.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The significant types include straight, folding, and automatic, among others.
The key players in the market are 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., and Zhejiang Hongye Umbrella Co., Ltd., among others.
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