According to Cognitive Market Research, The Global Umbrellas market size will be USD 7.0 billion in 2023 and will grow at a compound annual growth rate (CAGR) of 2.2% from 2023 to 2030.
The demand for Umbrellas is rising due to an increase in hipster and retro trends.
Demand for Standard remains higher in the Umbrella market.
The Offline category held the highest umbrella market revenue share in 2023.
Asia Pacific will continue to lead, whereas the North American Umbrella market will experience the strongest growth until 2030.
