Patio Umbrella Market Size, Growth, Analysis by Product,and the forecast period of 2032
The global patio umbrella market size is likely to reach US$ 965.1 million by 2032, up from US$ 538.8 million in 2022 advancing at a CAGR of 5.8% during the forecast period.
The growth of the travel and tourism industry is considered to be the major factor for the growth of the beachside umbrella market. Increasing per capita income and urbanization are driving the growth of the market.
What is Driving Demand for Patio Umbrella?
Most people everywhere have always been eager to reenergize, unwind, and enjoy a holiday in coastal places.
Because spending time with loved ones in a more intimate setting is ideal seaside. However, people always have an umbrella with them in order to protect themselves from the diseases brought on by the sun's ultraviolet radiation. Because of the growing number of visitors visiting seaside areas, the market for beach umbrellas is expected to grow during the forecast period.
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Furthermore, the rise in the number of travel bloggers and regional governments’ activities are promoting the famous coastal landscapes all over the world. They encourage people by promoting popular tourist destinations, regional markets, famous foods, and other leisure activities, such influencing factors motivated tourist to plan their leisure activities at a coastal area
Factors that Likely to Augment Patio Umbrella Sales
People like to travel to the beach for enjoying sunbathing all over the world. Like North Island in Seychelles, Reethi Rah, North Malé Atoll, Maldives, White Beach, Boracay, and The Philippines are some beaches famous for sunbathing. The trend of sunbath on the beachside is growing day by day because the sun is the best source for the improvement of the immune system.
But at the same time, the prolonged exposure to sun rays can harm the eyes and skin. Sunbath for a longer time can cause wrinkles, blemishes, skin ageing and sunspots and also cause skin cancer and eyes problems like pterygium and cataracts. For this situation, people prefer beachside umbrellas as a lifesaver.
These umbrellas not only provide shade to the tourist but also protect them from the ultraviolet rays that are coming from the sun. These umbrellas are also useful in the summer season. Beach brolly is easy to set up and that is why with this advantage the demand for the seaside umbrella is growing.
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For instance, beachBRELLA (a premium line of boutique Patio Umbrellas) introduced a handmade 100% UV protective umbrella that protects the tourist from the harmful effects of the sun rays. It makes the beachside umbrella with canvas and denim and its umbrellas are lightweight which is easy to carry, fade-resistant, and are available with many customs designs. In this way, the sale of beach brolly rises due to the harmful effects of the sunrays.
Impact of COVID-19 on Patio Umbrella Market
Due to the covid-19 pandemic, the world is facing unprecedented health, economic, and global emergencies. This pandemic has harmed the travel and tourist industry because several countries have closed their foreign borders with neighboring countries. As a result, sales of Patio Umbrellas are adversely affected.
According to UNWTO World Tourism Barometer, international tourism declined over 70% in 2020, back to levels 30 years ago. Even after taking the vaccine, somewhere people are scared about another wave of COVID-19, which is restricting them from domestic as well as foreign travel.
Apart from foreign tourists, local tourists are restricted from travelling to domestic tourist places that have hampered the income of the hotels, restaurants, local markets, and individual vendors.
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