Umbrella Industry- Regional Synopsis
APAC Market Forecast
The umbrella market share in Asia Pacific is poised to cross 50% by 2037, driven by factors such as changing weather patterns, increasing awareness of sun protection and growing outdoor recreational activities. Due to their large population and increasing disposable income, this market is dominated by some big countries like China, India, Japan, South East Asian countries as well as South Korea. Consumer preferences are driven by innovations in design, durability and advanced materials. With 4.3 billion people living there, or 60% of the world's population, the Asia-Pacific area is home to China and India, the two most populous nations on earth.
Europe Market Statistics
The Europe umbrella market is estimated register moderate CAGR till 2037. The regional market expansion is heavily reliant on the UV radiation trends have changed considerably over the last decades throughout Europe with some subregions experiencing increases and others decreasing. Due to climate change, there may be a higher level of UV exposure in certain EU subregions. The higher temperatures from climate change might drive more recreational activities and the removal of protective gear, thus leading to an increase in demand for umbrellas. For instance, the BIG MAX Aqua UV umbrellaing Europe can be used as parasol on the course, protecting from the sun's harmful UV rays (50+). In addition to providing comfort and protection under the most demanding conditions, it is capable of using automatic functionality combined with soft grip and a layer of waterproof fabric.
