Market Forecast By Product (Reverse Umbrella, Straight Umbrella, Folding Umbrella, Automatic Umbrella, Other), By Application (Commercial Use, Entertainment Use) And Competitive Landscape
Product Code: ETC062384 | Publication Date: Jul 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Thailand Umbrella Market |
Forecast period | 2025-2031 |
CAGR | 6.2% |
Growing Sector | Tourism |
Thailand Umbrella Market report thoroughly covers the market By Product Type and By Application. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Thailand Umbrella Market has experienced steady growth in recent years, driven by both practical needs and the evolving fashion preferences of consumers. Umbrellas serve as essential tools in Thailand's tropical climate, providing protection against heavy rainfall during the monsoon season and shielding from intense sunlight throughout the year. The market offers a variety of umbrella types, including compact, automatic, and traditional designs, catering to diverse user demands. Additionally, there is a rising trend of creative and stylish umbrellas, reflecting consumer interest in products that combine functionality with aesthetics. Local manufacturers and imported brands compete within the market, with increasing attention on durability, quality, and affordability.
According to 6Wresearch, the Thailand Umbrella Market is anticipated to grow at a CAGR of 6.2% during the forecast period 2025-2031. The growth of the umbrella market in Thailand is also influenced by the availability of a wide range of products in different styles, designs, and materials. From traditional Thai-style umbrellas to modern and innovative designs, consumers have a variety of options to choose from.
Moreover, with the rise of e-commerce and online shopping, it has become easier for consumers to purchase umbrellas from anywhere in Thailand or even internationally. This has opened up new opportunities for manufacturers and retailers to expand their reach and cater to a larger customer base.
However, there are still challenges faced by the Thailand umbrella market such as increasing competition from counterfeit products and fluctuation in raw material prices. In order to stay competitive and maintain growth, it is important for companies in the umbrella industry to continuously innovate and improve their products, as well as invest in effective marketing strategies to reach their target audience.
Thailand umbrella market is constantly evolving, with new trends and developments shaping the industry. Some of the key trends that have been observed in recent years include:
Increasing demand for UV protection umbrellas: As mentioned earlier, rising awareness about the harmful effects of UV rays has led to a growing demand for umbrellas that offer sun protection. This trend is expected to continue as consumers become more conscious about their skin health.
The Thailand umbrella market offers attractive investment opportunities for both established companies and new entrants. With a growing demand for umbrellas across various sectors, there is potential for Thailand Umbrella Market Growth.
Overall, investing in the Thailand umbrella market requires a thorough understanding of the market trends, consumer needs, and effective strategies for growth. By carefully evaluating and leveraging these opportunities, businesses can capitalize on the potential of this growing market and achieve success in the long run.** So, whether it is through expanding production capabilities, investing in e-commerce, or building partnerships, there are various avenues for businesses to invest and thrive in the Thailand umbrella market.
The Thailand umbrella market is highly competitive, with a mix of both local and international players vying for market share. Some of the leading companies in this market include Kritsana Umbrella Co., Ltd., YUNIQ International Co., Ltd., Nang Fa Manufacturing Co., Ltd., and T-Tex (Thailand) Public Company Limited. These companies have established a strong presence in the domestic market and are also expanding their reach globally through exporting their products. They offer a wide range of umbrellas catering to different consumer needs, from UV protection to fashionable designs.
Thailand umbrella market is subject to several government regulations that influence production, import, and distribution. One key regulation involves the enforcement of import duties and tariffs on umbrellas brought into the country. For example, imported umbrellas from certain countries may be subject to higher tariff rates to encourage the growth of local manufacturing. Additionally, quality control standards established by agencies such as the Thai Industrial Standards Institute (TISI) ensure that locally produced and imported umbrellas meet safety and durability requirements. Environmental regulations also play a role, with increasing focus on sustainable materials and production processes to minimize waste and reduce the environmental impact of manufacturing. For instance, manufacturers using recycled or biodegradable materials for umbrella production can benefit from government incentives or subsidies designed to promote eco-friendly practices. These regulations aim to balance the market's growth with quality assurance and sustainable development.
The future outlook for the Thailand umbrella industry is positive, with continued growth expected in the coming years. The increasing urbanization and rise of outdoor activities in Thailand will drive demand for umbrellas, especially those with UV protection and other advanced features.
Furthermore, the growing trend towards eco-friendly and sustainable products is also expected to impact the umbrella market, with consumers opting for environmentally friendly options. This presents an opportunity for businesses to invest in green initiatives and differentiate themselves from competitors.
Moreover, advancements in technology are also likely to play a significant role in shaping the future of this market. With the rise of e-commerce and digital platforms, businesses can explore new ways to reach customers and expand their market share. Virtual reality and augmented reality are also being utilized to create immersive shopping experiences for consumers, which can be leveraged by businesses in the umbrella market.
The report offers a comprehensive study of the subsequent market segments and their leading categories.
According to Suryakant, Senior Research Analyst, 6Wresearch, Reverse umbrellas, also known as inside out or inverted umbrellas, are currently the dominant type in the Thailand umbrella market. These unique umbrellas have gained popularity due to their innovative design which prevents water from dripping down when closed. This feature is particularly useful in crowded areas where traditional umbrellas can cause inconvenience to others.
Commercial use of umbrellas in the Thailand market is primarily driven by businesses looking to promote their brand or provide shade and protection to customers. These can include restaurants, cafes, hotels, and other outdoor establishments. Customized umbrellas with company logos or messages are a popular choice for marketing and promotional purposes.
The report provides a detailed analysis of the following market segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Umbrella Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Umbrella Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Umbrella Market - Industry Life Cycle |
3.4 Thailand Umbrella Market - Porter's Five Forces |
3.5 Thailand Umbrella Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Thailand Umbrella Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Umbrella Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Thailand Umbrella Market Trends |
6 Thailand Umbrella Market, By Types |
6.1 Thailand Umbrella Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Thailand Umbrella Market Revenues & Volume, By Product, 2021 - 2031F |
6.1.3 Thailand Umbrella Market Revenues & Volume, By Reverse Umbrella, 2021 - 2031F |
6.1.4 Thailand Umbrella Market Revenues & Volume, By Straight Umbrella, 2021 - 2031F |
6.1.5 Thailand Umbrella Market Revenues & Volume, By Folding Umbrella, 2021 - 2031F |
6.1.6 Thailand Umbrella Market Revenues & Volume, By Automatic Umbrella, 2021 - 2031F |
6.1.7 Thailand Umbrella Market Revenues & Volume, By Other, 2021 - 2031F |
6.2 Thailand Umbrella Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Umbrella Market Revenues & Volume, By Commercial Use, 2021 - 2031F |
6.2.3 Thailand Umbrella Market Revenues & Volume, By Entertainment Use, 2021 - 2031F |
7 Thailand Umbrella Market Import-Export Trade Statistics |
7.1 Thailand Umbrella Market Export to Major Countries |
7.2 Thailand Umbrella Market Imports from Major Countries |
8 Thailand Umbrella Market Key Performance Indicators |
9 Thailand Umbrella Market - Opportunity Assessment |
9.1 Thailand Umbrella Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Thailand Umbrella Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Umbrella Market - Competitive Landscape |
10.1 Thailand Umbrella Market Revenue Share, By Companies, 2024 |
10.2 Thailand Umbrella Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |