Global Umbrella Market Size, Share and Potential Growth by 2030 | Blunt Umbrellas, Zhejiang Haizhou Umbrella Limited Company

The recent research report published by Quadintel gives an insight into the global Umbrella Market. According to this published competitive intelligence analysis, the global Umbrella Market is expected to experience a promising annual revenue increase (USD in Mn) in 2021. A comprehensive overview and precise insights into possible future scenarios for the worldwide market are provided in this study.

The Global Umbrella Market is projected to expand at a compound annual growth rate (CAGR) of 1.72%, reaching USD 7,122.91 Mn by 2023.

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Key Companies Covered in the Global Umbrella Market Research are 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 and other key market players.

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.

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.

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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.

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:

By Geography

Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and the Rest of Asia Pacific)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and the Rest of Europe)
Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa, and Rest of the Middle East & Africa)
North America (U.S. & Canada)
North America garnered a substantial market share in the Umbrella Market, due to growing demand for Umbrella Market products, and rising disposable income, followed by Latin America, Europe, and the Middle East & Africa respectively.

Presently, the Asia Pacific region conquers the Umbrella Market.

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List of Factors Covered in the Report are:

Geographical Breakdown: The regional section of the report analyses the market on the basis of region and national breakdowns, which includes size estimations, and accurate data on previous and future growth. It also mentions the effects and the estimated course of Covid-19 recovery for all geographical areas. The report gives the outlook of the emerging market trends and the factors driving the growth of the dominating region to give readers an outlook of prevailing trends and help in decision making.

Key inquiries addressed in the report:

Investigate the COVID 19 outbreak's effects.
Our researchers give precise responses, pinpoint significant chances and fresh investments, and suggest excellent market strategy avenues.
Key Points Covered in this Report

Chapter 1, About Executive Summary to describe Definition, Specifications and Classification of market, Applications, Market Segment by Regions North America, Europe or Asia.

Chapter 2, objective of the study.

Chapter 3, to display Research methodology and techniques.

Chapter 4 and 5, to show the Overall Market Analysis, segmentation analysis, characteristics;

Chapter 6 and 7, to show the Market size, share and forecast; Five forces analysis (bargaining Power of buyers/suppliers), Threats to new entrants and market condition;

Chapter 8 and 9, to show analysis by regional segmentation, comparison, leading countries and opportunities; Regional Marketing Type Analysis, Supply Chain Analysis

Chapter 10, focus on identifying the key industry influencer's, overview of decision framework accumulated through Industry experts and strategic decision makers;

Chapter 11 and 12, Market Trend Analysis, Drivers, Challenges by consumer behaviour, Marketing Channels and demand & supply.

Chapter 13 and 14, describe about the vendor landscape (classification and Market Positioning)

Chapter 15, deals with Market sales channel, distributors, traders, dealers, Research Findings and Conclusion, appendix and data source.

…….. and view more in complete table of Contents

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This release was published on openPR.