The global residential outdoor storage market is anticipated to grow at a CAGR of 4.5% during the forecast period (2022-2028). Outdoor storage means the storage of any items outside a building not primarily for the sale of the item, however, for storage purposes. In residential zones, these items are typically found in building settings such as refuse containers, recreational vehicles (RVs), gardening, home furnishing, home maintenance supplies, and equipment. Residential outdoor storage products support in enhancing and utilizing the available space. These products are used to store garden furniture and their equipment, unused furniture, quad bikes, and bicycles, among others.
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These storage boxes are available in different types of materials and designs. Consumers have the choice to choose between wooden, plastic, and metal residential outdoor storage boxes. These products are mostly waterproof which supports in keeping products safe during the rainy season. Keeping this residential storage is the going trend and manufacturers are developing innovative designs and durable products to meet the customer needs. These are some factors driving the growth of the global residential outdoor storage market. Additionally, these products are mostly sold in the retail sector and the shift in consumer preference from traditional to modern retail channels are further accelerating the growth of the market. The market is segmented based on the type and application. Based on the type, the market is segmented into deck boxes, fabric-covered sheds, steel-covered sheds, and wood-covered sheds. A deck box is an outdoor rated storage trunk or bench which are used to store kids’ outdoor toys, cushion, tools, and other things.
Some major players in the market include Backyard Products, Suncast Corp., and ShelterLogic Corp., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, new product launches, and collaborations, to stay competitive in the market. For instance, in February 2022, Newell Brands announces an agreement to sell its connected Home and security business to Resideo Technologies Inc., which is one of the leading providers of home comfort and security solutions and distributor of commercial and residential security.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Backyard Products, Suncast Corp., and ShelterLogic Corp., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Residential Outdoor Storage Market Report by Segment
By Type
- Deck Boxes
- Fabric Covered Sheds
- Steel Covered Sheds
- Wood Covered Sheds
By Application
- Vehicles
- Garden Tools & Equipment
- Refuse Containers
- Others
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