Global Home Storage and Organization Market Size to Exceed USD 76.1 Billion By 2033 | CAGR of 5.15%
Category: Consumer GoodsGlobal Home Storage and Organization Market Size to Exceed USD 76.1 Billion By 2033
According to a research Report Published By Spherical Insights & Consulting, the Global Home Storage and Organization Market Size is Expected to Grow from USD 46 Billion in 2023 to USD 76.1 Billion by 2033, at a CAGR of 5.15% during the Forecast Period 2023-2033.
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Browse key industry insights spread across 180 pages with 110 Market data tables and figures & charts from the report on the " Global Home Storage and Organization Market Size, Share, and COVID-19 Impact Analysis By Product Type (Closet Organizers, Shelving Units, Storage Bins and Boxes, Hooks and Hangers, and Others), By Material (Plastic, Metal, Wood, Fabric, and Others), By Distribution Channel (Online Stores, Supermarkets/Hypermarkets, Specialty Stores, and Others), By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023-2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/home-storage-and-organization-market
The home storage and organization market is the product line and system used to store, organize, and productively manage household items. These solutions reduce clutter, maximize space, and enhance the functionality and aesthetics of living spaces. Common products include containers, bins, shelves, racks, closet organizers, drawers, baskets, and modular units. The increasing trend of home repair and improvement tasks is one prime motivator, with customers continuously investing in remedies to upgrade living areas. Moreover, increasing urbanization and compact living in cities have triggered a higher demand for space-effective storage solutions. Additionally, the growing interest in organization market and tidiness, driven by social media trends such as "tidying up" and home organization market bloggers, has driven demand for good-looking but functional storage solutions. Furthermore, evolving lifestyles, with more individuals working and studying at home, also drive the need for efficient organization market solutions. As individuals try to get the most out of their space, the demand for home storage and organization market products keeps growing. However, high initial investment prices are the greatest hindrance, particularly to small and medium businesses that seek to enter the industry. Also, complicated regulations and rigorous compliance issues are another hurdle since companies must navigate shifting policies and standards.
The closet organizer segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period.
Based on the product type, the global home storage and organization market is divided into closet organizers, shelving units, storage bins and boxes, hooks and hangers, and others. Among these, the closet organizer segment accounted for a significant share in 2023 and is anticipated to grow at a remarkable CAGR during the forecast period. The growth is driven by the movement towards neat and minimalist living has raised the demand for products that ensure neatness. Additionally, closet organizers maximize both vertical and horizontal space within closets or wardrobes.
The plastic segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.
Based on the material, the global home storage and organization market is categorized into plastic, metal, wood, fabric, and others. Among these, the plastic segment accounted for the biggest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. The segmental growth is due to the plastic containers, bins, and organizers being light-weight, handy to carry, stack, and transport, and that makes them extremely handy for everyday home use. Moreover, plastic products are simple to clean, waterproof, and resistant to stains.
The supermarket/ hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period.
Based on distribution channels, the home storage and organization market are segmented into online stores, supermarkets and hypermarkets, specialty stores, and others. Among these, the supermarket/ hypermarket segment held the largest share of the market in 2023 and is projected to grow at a substantial CAGR during the forecast period. The growth is attributed to chains carrying established, reliable brands and also their private labels. Moreover, most people are confident in the quality of products at these big chains, and private labels often offer less expensive versions without sacrificing too much quality.
North America is expected to hold the majority share of the global home storage and organization market during the forecast period.
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North America is expected to hold the majority share of the global home storage and organization market during the forecast period. North America dominates the market due to factors such as the growing number of individuals working from home, a desire for small living spaces, and an emphasis on visual appeal in interior design. From closet organizers and modular storage units to garage and kitchen storage, the market offers many options that are tailored to meet the unique needs of consumers.
Asia-Pacific is anticipated to grow at the fastest pace in the global home storage and organization market during the forecast period. The region has high discretionary income together with higher penetration of the internet and e-commerce industry. Additionally, growing awareness of the advantages of a well-organized living space and the impact of Western lifestyles is also driving the market in the Asia Pacific.
Major vendors in the global home storage and organization market are IKEA, The Container Store, ClosetMaid, Rubbermaid, Sterilite, Honey-Can-Do, Whitmor, Elfa International, Hafele, Rev-A-Shelf, InterDesign, Spectrum Diversified Designs, Simplehuman, and Others.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2023 to 2033. Spherical Insights has segmented the home storage and organization market based on the below-mentioned segments:
Global Home Storage and Organization Market, By Product Type
- Closet Organizers
- Shelving Units
- Storage Bins and Boxes
- Hooks and Hangers
- Others
Global Home Storage and Organization Market, By Material
- Plastic
- Metal
- Wood
- Fabric
- Others
Global Home Storage and Organization Market, By Distribution Channels
- Online Stores
- Supermarkets/Hypermarkets
- Specialty Stores
- Others
Global Home Storage and Organization Market, By Regional Analysis
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
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Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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