4/14/2023 0 Comments Cisco umbrella market researchIn North America, the offline distribution channel accounted for a market share of ~91.5% in 2017.Ĭhina has been the largest exporter of umbrellas for a while, and its share in the global market is increasing. The offline channel dominates the global market. The global market share of umbrellas designed for women is ~51%.īased on the distributional channel, the umbrella market is segmented into offline and online methods. Men prefer using solid, dark colours and walking stick umbrellas, whereas women prefer bright colors and floral patterns. ![]() However, the North American umbrella market earns half of its revenue from the garden variants, since their use is not restricted to just gardens, but extends to commercial spaces as well.īased on gender, the revenue generated from umbrellas designed for women, is more. Umbrellas having three or more folds are dominating the global market, primarily because of their convenience and ease of use. Uncertain weather conditions, higher incidence of skin cancer, and the popularity of designer umbrellas which are endorsed or used by celebrities, are some of the key factors driving the growth of the market.īased on product types, the umbrella market is divided into two fold, three fold or more, walking stick umbrellas, garden umbrellas, and others. ![]() ![]() ![]() The global umbrella market is projected to expand at a compound annual growth rate (CAGR) of 1.72%, reaching USD 7,122.91 Mn by 2023.
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