Global Parasol are expected to make a significant contribution to the overall industry.
According to a lead Analyst "The Global Parasols market is moderately fragmented with few market players who are involved in new innovations and product launch of parasols. For instance, parasols with technological advancement were launched such as canopy-free parasols, solar-powered parasols and cooling canopies by market players.". Buoyed by strong demand and sales, industry profit margins have increased considerably during past few years.
According to the report, some of the important driving forces behind the market growth are Demand for Parasols due to Changing Climatic Conditions such as in Extreme Heat Conditions, Ease of Usage and Low Cost and Changing Lifestyle of Consumers with Increasing Disposable Income. The primary concern of any business is the reduction of the overall operating cost. The increased need for operating efficiency and meeting regulatory demands at the same time have become major challenges for the original Vendors, additional restraints impacting market are Ineffective in Harsh Environmental Conditions which is continuously seeking attention of Industry Experts and Decision makers.
The Parasol Ecosystem: 2018-2024 Opportunities, Challenges, Strategies, Industry Verticals & Forecasts report presents an in-depth assessment of the Parasol market including latest technologies & innovation, key trends, market drivers, challenges, vertical & market applications along with deployment case studies, regulatory landscape, future roadmap and strategies, value chain and player profiles. The report also presents market size forecasts from 2018 till 2024. The forecasts are segmented by Type (Automatic Parasol, Artistic Parasol, Personal Parasol and Others), by Application (Personal, Business, Entertainment and Others) and major geographies with country level break-up that includes South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Data Sources & Methodology The primary sources involves the industry experts from the Parasol Market including the management organizations, processing organizations, analytics service providers of the industry’s value chain. All primary sources were interviewed to gather and authenticate qualitative & quantitative information and determine the future prospects.
In the extensive primary research process undertaken for this study, the primary sources – Postal Surveys, telephone, Online & Face-to-Face Survey were considered to obtain and verify both qualitative and quantitative aspects of this research study. When it comes to secondary sources Company's Annual reports, press Releases, Websites, Investor Presentation, Conference Call transcripts, Webinar, Journals, Regulators, National Customs and Industry Associations were given primary weight-age.