Umbrella Market Analysis

Product Type (Straight, Folding, Reverse, Automatic, Golf, Parasol)

The folding segment share in the umbrella market is expected to reach 21% by 2037. The growth of the segment can be attributed as folding umbrella is simply normal umbrellas that can be stored easily if you fold them. Though there are many designs to choose from, the folding basket umbrella is one of the most common. The tote umbrella is made to be unfolded and placed inside a bag for storage. Folding umbrellas are available in a number of sizes, ranging between 12 and 6 inches. Smaller folding umbrellas, for example a purse or car glove box, are designed to fit into small spaces. Accordingly, it is considered that a significant umbrella market share can be attributed to Folding Umbrellas.

User (Kids, Adults)

The adults segment in the umbrella market is projected to expand at a CAGR of 2.3% during the forecast period. Compared to children's umbrellas, adult umbrella is considered to be a large market share because of the higher usage rate among adults. A traditional or classical umbrella is most often chosen by men who seek an ideal umbrella to suit their needs.Owing to its deep dome and wide reach, the umbrella provides a unique cover. In addition, it can withstand strong winds and rainy weather because of its lengthy structure and strength in the spine. There's a wide variety of men's umbrellas out there, and they all have their advantages and disadvantages. In order to suit any taste or budget, women's umbrellas are available in a broad variety of shapes and styles. The umbrellas are more than useful in the rain or sunshine, they're aesthetic as well. Asian styles of parasols and umbrellas do not yet appear widely, although they are still popular on both sides of the globe especially for Chinese, Thai or Japanese.

Our in-depth analysis of the global umbrella market includes the following segments: