The Latest Umbrella Industry Statistics Explained
The global umbrella market is expected to reach USD 7.122 billion by 2025.
This statistic indicates that the global umbrella market is projected to achieve a total value of USD 7.122 billion by the year 2025. This estimated market value is suggestive of the anticipated growth and expansion within the umbrella industry over the next few years. Factors such as increasing awareness about personal health and protection from the elements, changing weather patterns, and evolving fashion trends could contribute to this growth trajectory. Furthermore, it reflects the potential opportunities for businesses operating in the umbrella market to capitalize on this growth and adapt their strategies to meet the rising demand for umbrellas worldwide.
The Asia Pacific is projected to be the fastest-growing region in the umbrella industry with a CAGR of 2.0% from 2019 to 2025.
This statistic implies that the Asia Pacific region is expected to experience the highest rate of growth within the umbrella industry in the specified period from 2019 to 2025, with a Compound Annual Growth Rate (CAGR) of 2.0%. This CAGR indicates the average annual growth rate during the given time frame. The projection suggests that the demand for umbrellas in the Asia Pacific region is likely to increase steadily over the next few years, outpacing growth rates in other regions. Factors such as population growth, economic development, changing weather patterns, or cultural preferences may be driving this anticipated growth in the umbrella market within the Asia Pacific region.
The foldable product segment accounted for 64.5% share of the global revenue in 2018.
The statistic indicates that in 2018, the foldable product segment contributed significantly to the global revenue, comprising 64.5% of the total market share. This suggests that consumers showed a strong preference for foldable products, such as smartphones, tablets, or laptops that can be compactly folded or bent. The high market share of foldable products implies that they were popular among consumers and experienced strong demand in the market, potentially driven by factors like convenience, innovation, and technological advancements. Overall, the statistic highlights the importance and success of the foldable product segment within the global market landscape in 2018.
The non-commercial usage segment dominated the market with a share of 79.8% in 2018.
This statistic indicates that in 2018, the non-commercial usage segment held the largest market share at 79.8%, outperforming other segments such as commercial usage. This suggests that the majority of the market activities or users within the industry were categorized as non-commercial, which could include individual consumers, non-profit organizations, educational institutions, and government agencies, among others. The dominance of the non-commercial segment highlights its significant influence and importance in driving the market dynamics and shaping industry trends during the specified period.
In terms of revenue, the offline distribution channel led the market and accounted for more than 85.0% share of the global revenue in 2018.
The statistic indicates that in 2018, the offline distribution channel was the dominant force in terms of revenue within the global market, holding a share of over 85.0%. This suggests that the majority of sales and transactions within the market were conducted through physical stores, rather than online or other digital channels. The offline distribution channel likely appeals to a large portion of consumers who prefer to make purchases in person, either out of convenience, habit, or a desire to physically interact with products before buying. This data underscores the continued significance of traditional brick-and-mortar stores in driving revenue within the market despite the growing influence of e-commerce and online platforms.
The online segment is expected to expand at the fastest CAGR of 2.2% from 2019 to 2025.
The statistic states that the online segment, which likely refers to the online retail industry or a specific sector within it, is projected to experience the fastest Compound Annual Growth Rate (CAGR) of 2.2% from the year 2019 to 2025. This indicates the anticipated rate of increase in the online segment’s market size over the specified period. A CAGR of 2.2% suggests a moderate but steady growth trajectory. This growth rate is higher than that of other segments or industries being compared, indicating a relative strength and potential for expansion within the online sector. This statistic is important for stakeholders, investors, and decision-makers to understand the growth prospects and opportunities within the online segment for strategic planning and investment decisions.
In the Europe umbrella market, the United Kingdom is anticipated to witness the fastest growth, at a CAGR of 1.5% from 2019 to 2025.
This statistic indicates that within the Europe umbrella market, the United Kingdom is expected to experience the highest compound annual growth rate (CAGR) of 1.5% from 2019 to 2025. This means that the market for umbrellas in the United Kingdom is projected to expand at a rate of 1.5% per year on average during this period. The growth rate suggests increasing demand for umbrellas within the United Kingdom, potentially driven by factors such as changing weather patterns, fashion trends, or other market dynamics. This growth forecast can be valuable information for businesses operating in the umbrella industry, as it highlights a promising market opportunity within the United Kingdom.
Manual umbrellas held the largest market share of 58.7% in 2018.
The statistic indicates that manual umbrellas accounted for the highest proportion, at 58.7%, of the total market share for umbrellas in 2018. This suggests that among different types of umbrellas available in the market, including automatic and other varieties, manual umbrellas were the most popular choice among consumers during that year. The market share percentage provides insight into consumer preferences and purchasing behavior, highlighting the dominance of manual umbrellas in the market compared to other options. This information can be useful for umbrella manufacturers and businesses in understanding trends in the industry and making informed decisions about product development and marketing strategies.
Japan has one of the highest per capita umbrella ownership rates in the world.
The statistic that Japan has one of the highest per capita umbrella ownership rates in the world suggests that, on average, individuals in Japan are more likely to own an umbrella compared to individuals in other countries. This high ownership rate could be due to various factors including Japan’s frequent rainfall, emphasis on etiquette and preparedness for inclement weather, and cultural norms around staying dry and respecting shared spaces. The statistic may also reflect the importance of practicality and utility in Japanese culture, with umbrellas being a commonly used tool to navigate unpredictable weather conditions. Overall, this statistic provides insight into the cultural practices and environmental considerations that influence umbrella ownership in Japan.
Among the umbrella manufacturers, the top ten account for about 60% of the global market share.
This statistic indicates that within the umbrella manufacturing industry, the top ten manufacturers collectively control roughly 60% of the entire global market share. This suggests that a small number of dominant companies have a significant presence in the market, potentially exerting a strong influence on industry trends, pricing, and competition. The fact that only ten companies hold such a substantial market share could indicate high levels of consolidation and barriers to entry for smaller or newer manufacturers looking to gain a foothold in the industry. It also highlights the competitive landscape within the umbrella manufacturing sector, with these top players likely engaging in strategies to maintain or expand their market shares in order to remain competitive.
The golf product segment of umbrellas is expected to register the highest CAGR of 2.5% from 2019 to 2025.
The mentioned statistic highlights the Compound Annual Growth Rate (CAGR) for the golf segment of umbrellas, indicating that this specific product category is projected to experience a consistent annual growth rate of 2.5% from 2019 to 2025. This suggests that the demand for umbrellas within the golf market is forecasted to increase steadily over the specified period. A high CAGR of 2.5% signifies a positive outlook for the golf umbrella product segment, indicating potential opportunities for growth and profitability in this market niche.
The automatic product segment is expected to reach USD 2.9 billion by 2025, growing at a CAGR of 2.1% from 2019 to 2025.
This statistic indicates that the automatic product segment is projected to achieve a market value of USD 2.9 billion by the year 2025, with a compounded annual growth rate (CAGR) of 2.1% over the period from 2019 to 2025. The CAGR represents the average annual growth rate of the market size during this timeframe. This forecast suggests a gradual but steady expansion of the automatic product segment, driven by factors such as technological advancements, changing consumer preferences, and increasing demand for automation solutions. The expected growth trajectory implies a positive outlook for businesses operating in this sector, prompting strategic planning and investment considerations to capitalize on the anticipated market opportunities.
The commercial usage segment is expected to expand at the highest CAGR of 2.1% from 2019 to 2025.
The statistic indicates that the commercial usage segment is projected to experience the highest Compound Annual Growth Rate (CAGR) of 2.1% between the years 2019 and 2025. This suggests that the commercial sector within the industry is expected to see significant growth over the specified period compared to other segments. The CAGR of 2.1% reflects the overall annual growth rate of the market during this time frame, indicating a positive trend in commercial usage within the industry. This information is valuable for stakeholders and investors as it highlights the potential opportunities and attractiveness of the commercial segment for investment and market expansion strategies.
The North America umbrella market revenue is projected to reach USD 1.2 billion by 2025.
The statistic that the North America umbrella market revenue is projected to reach USD 1.2 billion by 2025 indicates the anticipated total value of umbrella sales in North America at that time. This projection likely takes into account various factors such as current market trends, customer demand, economic indicators, and industry forecasts to estimate the potential growth in revenue for umbrella manufacturers and retailers in the region. This statistic serves as a forecast for the future performance of the umbrella market in North America, providing valuable insights for businesses and stakeholders in the industry to make informed decisions and strategic plans in order to capitalize on this growth opportunity.
The global umbrella market is anticipated to witness a compound annual growth rate of 1.72% during the forecast period to reach a total market size of US$7,122.91 million by 2025.
The statistic provided indicates that the global umbrella market is projected to experience a steady growth rate of 1.72% per year over the forecast period, culminating in a total market size of US$7,122.91 million by the year 2025. This suggests a positive outlook for the umbrella industry, with increasing demand expected to drive market expansion. The compound annual growth rate represents the average annual growth rate of the market over the specified period, highlighting a gradual but consistent upward trend in market size. This information is valuable for businesses operating in the umbrella market, as it can help them make informed decisions regarding investment, production, and marketing strategies to capitalize on the anticipated growth opportunities in the industry.
References
0. – https://www.www.grandviewresearch.com
1. – https://www.www.researchandmarkets.com
2. – https://www.machineryobserver.com
3. – https://www.www.nippon.com
