Umbrella Market - Historic Data (2019-2024), Global Trends 2025, Growth Forecasts 2037
Umbrella Market in 2025 is assessed at USD 5.7 billion. The global market size was more than USD 5.6 billion in 2024 and is anticipated to grow at a CAGR of over 2.2%, reaching USD 7.43 billion revenue by 2037. Asia Pacific is estimated to bring in USD 3.72 billion by 2037, driven by climate change, sun protection awareness, and outdoor lifestyles.
The market growth can be attributed to 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, 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.
