The global parasol market is driven by rising demand for sun protection, particularly among women and children, and the popularity of outdoor activities.
According to TechSci Research, The Parasol Market stood at USD 1.78 billion in 2022 and is projected to grow at a CAGR of 5.7% from 2024 to 2028. This growth is fueled by evolving consumer lifestyles, technological advancements, and a focus on outdoor aesthetics.
The market has witnessed significant expansion due to increasing consumer demand for outdoor furniture and accessories, with both revenue and unit sales showing consistent growth. This trend extends beyond residential consumers, as the hospitality and tourism industry’s emphasis on creating attractive outdoor spaces further boosts market growth.
Browse over 26 market data Figures spread through XXX Pages and an in-depth TOC on “Global Parasol Market”
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Regional demand for parasols varies due to climate, cultural preferences, and economic factors. Warmer climates typically drive higher demand for sun protection, while regions with diverse weather seek versatile parasols. Understanding these nuances helps tailor products to meet specific needs. The trend of outdoor living drives parasol demand, as consumers extend home environments outdoors. Parasols are essential for crafting inviting outdoor spaces, prompting design and feature innovations. Growing UV protection awareness boosts demand for parasols with enhanced sun protection. Manufacturers respond by integrating UV-resistant materials. The hospitality sector’s expansion drives demand for parasols in commercial settings, enhancing outdoor experiences.
The Global Parasol Market is segmented by type, application, distribution channel, and region. Consumers prioritize quality and durability in outdoor furniture, spurring demand for weather-resistant parasols. Personal use dominates the market, driven by sunshade needs. Asia Pacific leads market expansion due to high temperatures in countries like South Korea, Japan, China, India, Indonesia, and Malaysia.
Major companies operating in Global Parasol Market are:
- Totes Isotoner Corporation
- Recreational Equipment Inc.
- Cloud Nine Promotional Products
- Alexander McQueen Trading Limited
- Umbrellai Inc.
- GustBuster Umbrellas
- Manutti
- Garden Art
- Shadowspec
- MakMax
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“The parasol market has seen rapid growth due to increased demand from changing consumer lifestyles, driven by the desire for outdoor living spaces and UV protection awareness. Hospitality and tourism expansion, alongside innovations like smart parasols, have boosted growth. As consumers demand quality outdoor solutions, the market evolves, creating opportunities for manufacturers and enhancing outdoor experiences,” stated Mr. Karan Chechi, Research Director at TechSci Research.
The report “Global Parasol Market – Industry Size, Trends, Forecast, Segmented By Type (Automatic, Personal, Artistic), Application (Commercial, Personal), Distribution Channel (Direct, Indirect), Region, Competition, 2018-2028” assesses the market’s future growth potential, providing insights into size, structure, and future trends. It aims to offer market intelligence for investment decisions, highlighting emerging trends, drivers, challenges, and opportunities in the global parasol market.
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