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. 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 colors and walking stick umbrellas, whereas women prefer bright colors and floral patterns. The global market share of umbrellas designed for women is ~51%.
Access Full Report with TOC @ https://www.planetmarketreports.com/reports/global-umbrella-market-2018-2023
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.
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.
Zhejiang Haizhou Umbrella Limited Company
Swaine Adeney Brigg
Zhejiang Hongye Umbrella
James Smith & Sons Ltd.
Hangzhou Paradise Umbrella
Aisin Seiko Co.
With the given market data, Planet Market Reports offers customization according to specific needs. Write to us at firstname.lastname@example.org, or connect with us here.
Browse a Free Sample Report @ https://www.planetmarketreports.com/report-sample/global-umbrella-market-2018-2023
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.
Name: Jennifer Daniel
Organization: Planet Market Reports