According to the FMI analysis on the patio umbrella industry, the global market will likely grow from US$ 538.8 million in 2023 to US$ 965.1 million by 2033, expanding at a CAGR of 5.8%.
The expansion of the travel and tourism sector is thought to be the main driver of the market. Additionally, the increase in travel bloggers and initiatives by local governments to promote well-known coastal vistas around the world bode well for the market’s future trends.
Amidst the diverse landscape of the global market, local businesses have been actively contributing to its dynamism, offering a wide array of goods to consumers worldwide. These market players are constantly devising strategies to bolster their market presence and gain a larger share in the global arena.
One such success story comes from Tommy Bahama, which navigated the challenges of the pandemic by leveraging eCommerce websites, resulting in a significant surge in sales. Recognizing the potential of digital channels, the company is now geared to expand its investments and enhance its digital business expertise to reach an even wider consumer base.
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Another notable development in the umbrella industry comes from Frankford Umbrellas, which spearheaded innovation by introducing umbrellas equipped with rechargeable and customizable LED lighting options. This groundbreaking move has set new standards in the market, captivating consumers with modern and functional designs
The growth of the travel and tourism industry is considered to be the major factor for the growth of the beachside umbrella market. Increasing per capita income and urbanization are driving the growth of the market.
The majority of people all around the globe have always been excited to rejuvenate, relax, and enjoy a vacation in coastal areas.
Because beachside a perfect place to spend time with the loved ones at a less expanse. But, to avoid the causes of the diseases due to the ultra-violet radiation of the sun, people carry an umbrella with them. That is why the market of the seaside umbrella is rising during the forecast period because of the increased footfall of tourists at a seaside area.
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Furthermore, the rise in the number of travel bloggers and regional governments’ activities are promoting the famous coastal landscapes all over the world. They encourage people by promoting popular tourist destinations, regional markets, famous foods, and other leisure activities, such influencing factors motivated tourist to plan their leisure activities at a coastal area
Factors that Likely to Augment Patio Umbrella Sales
People like to travel to the beach for enjoying sunbathing all over the world. Like North Island in Seychelles, Reethi Rah, North Malé Atoll, Maldives, White Beach, Boracay, and The Philippines are some beaches famous for sunbathing. The trend of sunbath on the beachside is growing day by day because the sun is the best source for the improvement of the immune system.
But at the same time, the prolonged exposure to sun rays can harm the eyes and skin. Sunbath for a longer time can cause wrinkles, blemishes, skin ageing and sunspots and also cause skin cancer and eyes problems like pterygium and cataracts. For this situation, people prefer beachside umbrellas as a lifesaver.
These umbrellas not only provide shade to the tourist but also protect them from the ultraviolet rays that are coming from the sun. These umbrellas are also useful in the summer season. Beach brolly is easy to set up and that is why with this advantage the demand for the seaside umbrella is growing.
For instance, beachBRELLA (a premium line of boutique Patio Umbrellas) introduced a handmade 100% UV protective umbrella that protects the tourist from the harmful effects of the sun rays. It makes the beachside umbrella with canvas and denim and its umbrellas are lightweight which is easy to carry, fade-resistant, and are available with many customs designs. In this way, the sale of beach brolly rises due to the harmful effects of the sunrays.
Who are the Key Manufacturers and Suppliers of Patio Umbrella?
Some of the leading manufacturers and suppliers of beachside brolly include
- Tommy Bahama
- beachBUB
- AMMSUN Industrial Group Limited
- The Umbrella Connection
- East Coast Umbrella Inc.
- Implus Footcare, LLC
- Beach Brella.
- ShelterLogic Corp.
- Sinobest Umbrella Co., Ltd.
- Shinetech, Frankford Umbrellas.
Why Future Market Insights?
- Comprehensive analysis on evolving purchase pattern across different geographies
• Detailed insights of market segments and sub-segments for historical as well as forecast period
• A competitive analysis of prominent players and emerging players in the keyword market
• Detailed information about the product innovation, mergers and acquisitions lined up in upcoming years
Ground breaking research and market player-centric solutions for the upcoming decade according to the present market scenario
Key Segments Profiled in the Patio Umbrella Market Survey
By Product Type:
- Centre Pole Umbrellas
- Offset Pole Umbrellas
- Table Umbrellas
- Tilting Umbrellas
By Size:
- 5 Feet – 7 Feet
- 5 Feet – 10 Feet
- More than 10.5 Feet
By Canopy Material:
- Polyester
- Canvas
- Others
By Base Type:
- Wood
- Metal
- Plastic
- Other
By End Use:
- Commercial
- Personal
By Distribution Channel:
- Direct Sales
- Hypermarkets/ Supermarkets
- Specialty Stores
- Online Retailing
- Others
By Region:
- North America
- Latin America
- Asia Pacific
- The Middle East and Africa
- Europe
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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