Parasol Market was valued at USD 3.5 Billion in 2022 and is projected to reach USD 5.2 Billion by 2030, growing at a CAGR of 5.5% from 2024 to 2030.
The global parasol market was valued at approximately USD 1.2 billion in 2022. The market is anticipated to grow at a compound annual growth rate (CAGR) of 6.5% from 2023 to 2028. This growth is driven by increasing consumer preference for outdoor leisure activities and rising awareness of sun protection. The market's expansion is further supported by innovations in parasol designs and materials, contributing to an enhanced consumer experience. Urbanization and the growth of outdoor living spaces also contribute to the increasing demand for high-quality parasols, which are both functional and aesthetically pleasing.
Opportunity analysis reveals significant potential in emerging markets, particularly in regions such as Asia-Pacific and Latin America. Rapid urbanization, rising disposable incomes, and an increasing trend towards outdoor and recreational activities are driving the demand for parasols in these regions. Additionally, the growing emphasis on health and sun protection is creating opportunities for market players to introduce innovative products. As these markets continue to develop, the parasol industry is expected to see substantial growth, making it a promising area for investment and expansion.
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GAGGIO srl
Garden Art
GLATZ AG
IASO
JANUS et Cie
MakMax (Taiyo)
MANUTTI
MDT
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Parasol Market
Personal Use
Commercial
Based on Types the Market is categorized into Below types that held the largest Parasol market share In 2023.
Automatic Parasol
Artistic Parasol
Personal Parasol
Other
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Parasol Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Parasol Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Parasol Market, By Type
6. Global Parasol Market, By Application
7. Global Parasol Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Parasol Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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