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3 Trends Driving Demand for Residential Outdoor Storage
According to The Freedonia Group’s new Sheds & Other Residential Outdoor Storage, the outdoor storage products market in the United States will total $1.6 billion in 2023. Helping to support sales of these products will be three lifestyle trends occurring throughout the country:
1. Outdoor Living
In recent years, consumers have increasingly participated in and acquired the necessary equipment and gear for a number of outdoor activities such as backpacking, hiking, and kayaking. If basements, attics, and garages become too full to hold these items, sheds can provide the necessary storage space.
2. Active Lifestyle
In recent years, consumers have increasingly participated in and acquired the necessary equipment and gear for a number of outdoor activities such as backpacking, hiking, and kayaking. If basements, attics, and garages become too full to hold these items, sheds can provide the necessary storage space.
3. Gardening
Gardening has remained a popular pastime among homeowners in the United States. Participation is expected to increase as the large millennial cohort ages into its prime home-buying years. Outdoor storage will become necessary as these new homeowners begin to purchase lawn and garden equipment to maintain their outdoor spaces.