Umbrella Market Size

Umbrella Market size was valued at USD 5.6 billion in 2024 and is projected to exceed USD 7.27 billion by the end of 2037, expanding at over 2.2% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of umbrella is evaluated at USD 5.69 billion.

The growth of the market is primarily expected on account of sudden changes in the weather, such as too much sun, unpredictable rain, sudden snowing, and others. This has prompted individuals to turn to shade from these elements, fueling demand for umbrellas. Furthermore, according to the National Academy of Science, global warming raises the volume of water vapor in the air, which might lead to more frequent heavy rain and snowfall. The researchers discovered a 4.5 to 5.7 percent rise in normal daily rainfall on rainy days in the United States.

In addition to these, most skin cancers in the world are caused by too much exposure to UV radiation, which comes from the sun. The skin cells can be harmed by ultraviolet light, a form of invisible radiation. The CDC recommends seeking protection by means of an umbrella or a secure zone in this case. There is therefore a growing awareness about the importance of sun protection due to an increase in cases of skin cancer. Hence, the global umbrella market is driven by umbrellas which offer a portable and efficient way to shield oneself from harmful UV radiation at significantly reduced prices.