Commercial Parasols in Hospitality Services Market Report 2024 (Global Edition)

Global Commercial Parasols in Hospitality Services Market Report 2024 Market Size Split by Type (Center Pole Parasols, Cantilever Parasols, Wall-mounted Parasols), by Distribution channel (Direct, Ind...

Commercial Parasols in Hospitality Services Market Report Description

We have various report editions of Commercial Parasols in Hospitality Services Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.

Commercial Parasols in Hospitality Services Market Insights Video

Competitive Landscape of the Commercial Parasols in Hospitality Services Market

The competitive landscape of the Commercial Parasols in Hospitality Services Market is marked by a blend of innovation, customization, and strategic alliances, with both global giants and regional players vying for market share. As the market evolves, the ability to deliver high-quality, aesthetically pleasing, and technologically advanced products will continue to be the key to success.

June 2022: RIO BeachTM, a part of ShelterLogic Group, introduced a new beach umbrella, NEW ANCHORXTM, to expand its product offering. This category of beach umbrellas is available in 6-ft. and 7-ft. sizes and has features such as wind stability. (Source: https://www.prnewswire.com/news-releases/rio-beach-introduces-best-in-beach-anchorx-umbrella-301858215.html)

Top Companies Market Share in Commercial Parasols in Hospitality Services Industry: (In no particular order of Rank)

• Quattro
• Morton Parasols
• Bambrella
• Elbrau
• Savannah
• Confidential Data
• Access The Paid Version
• Data Hidden

*List of Second Tier Companies, List of Third Tier/ Start-up Companies (Inquire with sales executive) Request Any Company Profile for Preview Purpose OR Data Validation!

If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.

Regional Analysis of the Commercial Parasols in Hospitality Services Market

Which Region Dominates the Commercial Parasols in Hospitality Services Market in 2024?

According to Cognitive Market Research, North America leads the Commercial Parasols in Hospitality Services Market due to its robust tourism industry, high standards of outdoor hospitality, and significant investment in enhancing guest experiences. The region's upscale hotels, resorts, and restaurants demand premium parasol solutions to offer comfort and aesthetics in outdoor settings.

Which Region is Expanding at the Fastest CAGR?

Asia Pacific is the fastest-growing region in the Commercial Parasols in Hospitality Services Market due to rapid urbanization, expanding tourism, and rising disposable incomes. The region’s burgeoning hospitality sector, driven by increasing international travel and economic growth, fuels demand for high-quality outdoor amenities, including parasols.

The current report Scope analyzes Commercial Parasols in Hospitality Services Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com

• North America (United States, Canada, Mexico)
• Europe (United Kingdom, France, Germany, Italy, Russia, Spain, Sweden, Denmark, Netherlands, Switzerland, Belgium)
• Asia-Pacific (China, Japan, Korea, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest of APAC)
• South America (Brazil, Argentina, Colombia, Peru, Chile, Rest of South America)
• Middle East and Africa (Saudi Arabia, Turkey, Nigeria, UAE, Egypt, South Africa, GCC Countries, Rest of MEA)

The above graph is for illustrative purposes only.

North America Commercial Parasols in Hospitality Services

According to Cognitive Market Research, the global Commercial Parasols in Hospitality Services market size was estimated at USD XX Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.0% from 2024 to 2031.

• According to Cognitive Market Research, the US had a major share in the Commercial Parasols in Hospitality Services market with a market size of USD XX million in 2024 and is projected to grow at a CAGR of 3.8% during the forecast period. The nation's surge in outdoor dining and leisure activities in both urban and rural areas.
• The Canada Commercial Parasols in Hospitality Services market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 4.8% during the forecast period. Canada's surge in outdoor dining and leisure activities in both urban and rural areas.
• The Mexico Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.

Europe Commercial Parasols in Hospitality Services

According to Cognitive Market Research, the global Commercial Parasols in Hospitality Services market size was estimated at USD XX Million, out of which Europe held the market of more than 30% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.

• The United Kingdom Commercial Parasols in Hospitality Services market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 5.1% during the forecast period. In the UK, Commercial Parasols in Hospitality Services sales witness an upswing due to the nation's increasing preference for extended outdoor spaces in cafes, restaurants, and hotels, driven by a vibrant outdoor dining culture.
• The France Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 3.5% during the forecast period, with a market size of USD XX million in 2024.
• According to Cognitive Market Research, the German Commercial Parasols in Hospitality Services market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 4.5% during the forecast period. In Germany, Commercial Parasols in Hospitality Services surged due to the increasing preference for extended outdoor spaces in cafes, restaurants, and hotels, driven by a vibrant outdoor dining culture.
• The Italy Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 3.7% during the forecast period, with a market size of USD XX million in 2024.
• The Russia Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 3.3% during the forecast period, with a market size of USD XX million in 2024.
• The Spain Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 3.4% during the forecast period with a market size of USD XX million in 2024
• The Luxembourg Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.4% during the forecast period, with a market size of USD XX million in 2024.
• The Portugal Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.1% during the forecast period, with a market size of USD XX million in 2024.
• The Greece Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD XX million in 2024.
• Rest of Europe's Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 3.0% during the forecast period, with a market size of USD XX million in 2024.

Asia Pacific Commercial Parasols in Hospitality Services

According to Cognitive Market Research, the global Commercial Parasols in Hospitality Services market size was estimated at USD XX Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.8% from 2024 to 2031.

• According to Cognitive Market Research, the China Commercial Parasols in Hospitality Services market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 7.3% during the forecast period. Commercial Parasols in Hospitality Services surged in China due to the dynamic hospitality industry and increasing outdoor entertainment activities.
• The Japan Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD XX million in 2024.
• The India Commercial Parasols in Hospitality Services market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 9.6% during the forecast period. India's dynamic hospitality industry and increasing outdoor entertainment activities.
• The South Korean Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 6.9% during the forecast period, with a market size of USD XX million in 2024.
• The Australian Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 7.5% during the forecast period, with a market size of USD XX million in 2024.
• The South East Asia Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 8.8% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Asia Pacific Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 7.6% during the forecast period, with a market size of USD XX million in 2024.

South America Commercial Parasols in Hospitality Services

According to Cognitive Market Research, the global Commercial Parasols in Hospitality Services market size was estimated at USD XX Million, out of which the Latin America market has more than 5% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031. .

• According to Cognitive Market Research, the Brazil Commercial Parasols in Hospitality Services market size was valued at USD XX million in 2024 and is projected to grow at a CAGR of 5.8% during the forecast period. Commercial Parasols in Hospitality Servicess flourished in Brazil due to the growing tourism and outdoor dining culture.
• Argentina's Commercial Parasols in Hospitality Services market had a market share of USD XX million in 2024 and is projected to grow at a CAGR of 6.1% during the forecast period. Argentina's growing tourism and outdoor dining culture.
• Colombia Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.
• Peru Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 5.4% during the forecast period, with a market size of USD XX million in 2024.
• Chile Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 5.5% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of Latin America's Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.3% during the forecast period, with a market size of USD XX million in 2024.

Middle East and Africa Commercial Parasols in Hospitality Services

According to Cognitive Market Research, the global Commercial Parasols in Hospitality Services market size was estimated at USD XX Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD XX million in 2024 and will grow at a compound annual growth rate (CAGR) of 5.2% from 2024 to 2031..

• The GCC Countries Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 6.3% during the forecast period, with a market size of USD XX million in 2024. Commercial Parasols in Hospitality Services sales flourish due to the high temperatures and a growing emphasis on creating comfortable, shaded outdoor environments.
• The Egypt Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 5.8% during the forecast period, with a market size of USD XX million in 2024.
• The South Africa Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 6.5% during the forecast period, with a market size of USD XX million in 2024. Commercial Parasols in Hospitality Services sales flourish in South Africa due to high temperatures and a growing emphasis on creating comfortable, shaded outdoor environments.
• The Turkey Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 5.0% during the forecast period, with a market size of USD XX million in 2024.
• The Nigeria Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.6% during the forecast period, with a market size of USD XX million in 2024.
• The Rest of MEA Commercial Parasols in Hospitality Services market is projected to witness growth at a CAGR of 4.5% during the forecast period, with a market size of USD XX million in 2024.

Commercial Parasols in Hospitality Services Market Analysis

How are Segments Performing in the Global Commercial Parasols in Hospitality Services Market?

Commercial Parasols in Hospitality Services Market Type Segment Analysis

According to Cognitive Market Research, Center pole parasols dominate the commercial parasols market in hospitality services due to their traditional design and versatility. These parasols offer a classic aesthetic that complements a wide range of outdoor settings, from café terraces to hotel pool areas. Their design allows for a central support pole, providing a broad and even shade coverage, which is highly valued in hospitality environments where maximizing guest comfort is crucial.

Cantilever parasols are the fastest-growing category in the commercial parasols market within hospitality services. This growth can be attributed to their innovative design, which features a side-mounted pole that allows for unobstructed space underneath the canopy. This design is particularly advantageous for hospitality settings, such as outdoor dining areas and poolside lounges, where guests value open and unobstructed spaces.

The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Commercial Parasols in Hospitality Services Industry. Request a Free Sample PDF!

Commercial Parasols in Hospitality Services Market Distribution channel Segment Analysis

According to Cognitive Market Research, Direct distribution is the dominant channel in the commercial parasols market for hospitality services. This method allows manufacturers to establish a direct relationship with hospitality businesses, ensuring tailored solutions and personalized service. By engaging directly with clients, manufacturers can offer customized parasol solutions, manage product quality more effectively, and provide post-purchase support.

Indirect distribution is the fastest-growing channel in the commercial parasols market for hospitality services. This growth is driven by the expanding network of retailers and distributors who facilitate wider market reach and offer a variety of parasol options through established retail outlets and online platforms. Indirect distribution allows hospitality businesses to access a broad range of products and competitive pricing without dealing directly with manufacturers.

The above Graph is for representation purposes only. This chart does not depict actual Market share.

Author's Detail

Sneha Mali

Research Analyst at Cognitive Market Research

LinkedIn

Profile

I am a research analyst working in various domains including the Consumer Goods domain, and my primary responsibility is to conduct thorough research on various subjects and provide valuable insights to support client requirements. I have knowledge of research methodologies, and data mining which enables me to analyze large data sets, draw meaningful conclusions, and communicate them effectively. I stay up-to-date with the latest research trends, methodologies, and technologies to ensure that my research is accurate, relevant, and impactful.

Author's Conclusion