Report Ocean introduces a fresh report examining the ‘Global Umbrella Market’, encompassing its size, share, growth, industry trends, and forecast up to 2032. This comprehensive analysis delves into various industry components and growth patterns that offer valuable insights for anticipating the market’s future trajectory.
The global umbrella market is projected to expand at a compound annual growth rate (CAGR) of 1.72%, reaching USD 7,122.91 Million by 2023. Uncertain weather conditions, higher incidence of skin cancer, and the popularity of designer umbrellas which are endorsed or used by celebrities, are some of the key factors driving the growth of the market.
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Product segment insights:
Based on product types, the umbrella market is divided into two fold, three fold or more, walking stick umbrellas, garden umbrellas, and others. Umbrellas having three or more folds are dominating the global market, primarily because of their convenience and ease of use. However, the North American umbrella market earns half of its revenue from the garden variants, since their use is not restricted to just gardens, but extends to commercial spaces as well.
Gender segment insights:
Based on gender, the revenue generated from umbrellas designed for women, is more. Men prefer using solid, dark colours and walking stick umbrellas, whereas women prefer bright colors and floral patterns. The global market share of umbrellas designed for women is 51%.
Distribution channel segment insights:
Based on the distributional channel, the umbrella market is segmented into offline and online methods. The offline channel dominates the global market. In North America, the offline distribution channel accounted for a market share of 91.5% in 2017.
Regional insights:
China has been the largest exporter of umbrellas for a while, and its share in the global market is increasing. In 2000, mainland China held a global market share of 52.3%, which increased to 87.7% in 2017. North American and European countries were the highest importers of umbrellas in 2017. In Europe, Germany accounts for the highest amount of foreign trade in umbrellas.
Companies covered:
Blunt Umbrellas
Zhejiang Haizhou Umbrella Limited Company
Swaine Adeney Brigg
RainStoppers Umbrellas
Zhejiang Hongye Umbrella
James Smith & Sons Ltd.
Fox Umbrellas
Hangzhou Paradise Umbrella
Aisin Seiko Co.
Mobileye
The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:
- North America (U.S. & Canada)
- Latin America (Brazil, Mexico, Argentina, Rest of Latin America)
- Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe)
- Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific)
- Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa)
Some Questions Answered in the Umbrella Market Report:
- What is the projected size of the global Umbrella market in 2032, and what growth rate is expected?
- What are the primary drivers of growth in the global Umbrella industry?
- What are the major market trends that are affecting the expansion of the Umbrella market?
- What obstacles must be overcome in order to achieve sustained growth in the Umbrella market?
- What opportunities and threats do vendors in the global Umbrella market face?
- What are the raw materials and manufacturing equipment used in the production of Umbrella, and what is the manufacturing process?
- What are the different types and applications of Umbrella, and what is the market share of each type and application?
- What factors, such as trends, challenges, and risk factors, are currently shaping the growth of the Umbrella market?
- What factors are driving the growth of the Umbrella market in the top regions worldwide?
- Who are the major players in the global Umbrella market, and what strategies are they employing to succeed?
- What industrial trends, drivers, and challenges are influencing the expansion of the Umbrella market?
- What are the main findings of a five forces analysis of the global Umbrella market?
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