Global Umbrella Market Scope Report

Global Umbrella Market Highlights Over 2023 - 2035

The global umbrella market is estimated to garner a revenue of USD 8.8 billion by the end of 2035 by growing at a CAGR of ~2% over the forecast period, i.e., 2023 – 2035. Further, the market generated a revenue of USD 7.1 billion in the year 2022. The growth of the market can be attributed to the high prevalence of skin cancer across the globe. As per the World Cancer Research Fund International, there were more than 1,50,000 new cases of melanoma of skin in the year 2020.

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Umbrella refers to a rain-protection device consisting of a stick with a folding frame covered in material at one end and usually a handle at the other, or a similar, often larger, device used for protection against the sun. Moreover, the modern umbrella is made up of a circular fabric or plastic screen stretched across hinged ribs radiating from a central pole. The hinged ribs allow the screen to be opened and closed, allowing the umbrella to be easily carried when not in use. Therefore, uncertain weather conditions are expected to boost the growth of the global umbrella market. There are more than 75 per cent of the land mass being affected by the climate change that is influencing more than 7 Billion people across the globe.

Global Umbrella Market: Growth Drivers and Challenges

Growth Drivers

• Increasing Export and Import for Umbrellas- There has been an increasing export and import for umbrellas across the globe in order to protect the skin of people from the sun rays and harmful rain. Hence, it is anticipated to rise the growth of the global umbrellas market. According to the data reported by International Trade Center, the imports of umbrellas in the United States increased to USD 553,451 thousand in the year 2019 from USD 440, 625 thousand in the year 2010.

• Growing Population– According to the World Bank, the total population increased from 6.11 Billion in 2000 to 7.84 Billion in 2021.

• Surging Application of Umbrellas in Weddings – More than 10 Million weddings happen every year in India.

• Growing Promotion in Public Places– Umbrellas are used by various companies in order to promote their brand in public places and it is projected to drive the growth of the global umbrellas market. More than 85 per cent of the consumers are influenced by advertising in order to make purchase.

Challenges

• Low Quality Raw Material Used for the Manufacturing of Umbrella

• High Cost for the Designer Umbrellas

• Presence of Large Unorganized Market

The global umbrella market is segmented and analyzed for demand and supply by distribution channel into offline, and online. Out of these, the online segment is anticipated to surge the growth of the market owing to the rise in the e-commerce platforms and an increasing e-retail sales worldwide. There are more than 2 Billion online shoppers across the globe in the year 2021.

Global Umbrella Market Regional Synopsis

Regionally, the global umbrella market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in the North America region is projected to hold the largest market share by the end of 2035 on the back of rising demand for umbrellas, and increasing imports of umbrellas from the other countries. Moreover, there has been surging number of people dealing with skin cancer. As per the skin cancer foundation, more than 9,500 people are diagnosed with skin cancer every day in the United States.

Market Segmentation

Our in-depth analysis of the global umbrella market includes the following segments:

Key Companies Dominating the Global Umbrella Market

Our report has covered detailed company profiling comprising company overview, business strategies, key product offerings, financial performance, key performance indicators, risk analysis, recent developments, regional presence, and SWOT analysis among other notable indicators for competitive positioning. Some of the prominent industry leaders in the global umbrella market that are included in our report are Fujian Gentle Import & Export Trading Co., Ltd., Umbrellai, Inc., Totes Isotoner Corporation, GustBuster Umbrellas, Cloud Nine Promotional Products, Alexander McQueen Trading Limited, London Undercover, RainStoppers Umbrellas, Recreational Equipment, Inc., Fox Umbrellas, and others.

Global Umbrella Market: Latest Developments

• November, 2020: Recreational Equipment, Inc., announced the opening of new store in order to deal with a wide assortment of quality gear for popular outdoor activities of region in Mechanicsburg, Pennsylvania.

• July, 2022: Fox Umbrellas announced the two types of bands for securing umbrellas when not in use in the form of material bands and elastic bands.

Key Reasons to Buy Our Report

• The report covers detailed analysis comprising market share attained by each market segment and its sub-segments.

• It covers market dynamics including growth drivers, trends, potential opportunities, price trend analysis and challenges that impact the market growth.

• The report includes detailed company profiles of the major players dominating the market.

• We use effective research methodologies to calculate the market numbers and provide value-added assessment for overall growth.

• We provide customized reports as per the clients’ requirement helping them to see possible and unexpected challenges and unforeseen opportunities in order to help them reach their goal.  

Geography Analysis:

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) Market Size, Y-O-Y Growth, Market Players Analysis & Opportunity Outlook
• Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• 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) Market Size, Y-O-Y Growth Market Players Analys  & Opportunity Outlook
• Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market Size, Y-O-Y Growth & Market Players Analysis & Opportunity Outlook
• Middle East and Africa  (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market Size, Y-O-Y Growth Market Players Analysis & Opportunity Outlook

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