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(1) Technavio has been monitoring the residential outdoor storage products market and it is poised to grow by USD 178.30 million during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The competitive nature of the market is compelling vendors to focus on innovations in technology, expanding product portfolios, and adopting M&A strategies. Besides, the market is witnessing a high influx of private labels, which has further intensified the competition. Hence, vendors must distinguish their product and service offerings through a clear and unique value proposition. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201216005965/en/

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