USD 25.02 billion
Garage Organization and Storage Market Size, Share, Growth Analysis, By Type(Garage Cabinets and Shelves, and Overhead Storage), By Distribution Channel(Offline retail, and Online retail), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20N2012 |
Region:
Global |
Published Date: April, 2024
Pages:
202
|Tables:
61
|Figures:
75
Garage Organization and Storage Market Insights
Global Garage Organization And Storage Market size was valued at USD 25.02 billion in 2022 and is poised to grow from USD 26.97 billion in 2023 to USD 47.57 billion by 2031, growing at a CAGR of 7.40% during the forecast period (2024-2031).
Garage organization and storage are essential for maximizing space and keeping tools and equipment easily accessible. Many storage solutions are available, including shelving, cabinets, and overhead racks. Before organizing, it's important to declutter and only keep items that are necessary or frequently used. The global market growth is attributed to the increasing number of vehicle owners and rising disposable income, especially in high-income countries.
Garage organization and storage systems enable customers to conveniently and neatly segregate their belongings. The garage area in freestanding households has evolved from a basic car parking space to a storage room accommodating different vehicles, tools, and equipment for leisure and occupational purposes. The global market is expected to experience robust growth in the future, driven by consumers' demand for convenient storage solutions that maintain cleanliness in the garage.
With the increasing number of family heads and the multi-use of garages, industry players are developing storage units that can serve as both garage and domestic storage units. The demand for additional storage space influences the performance of garage storage properties, especially as families acquire and grow more material items. Moreover, the growing urban population results in more renters who frequently move around. Garage storage products are commonly used to store flammable items, and therefore governments worldwide have imposed limitations on their usage. In the U.S., approximately 2.3 million families acquire closet storage systems each year, including those in laundry rooms, bedrooms, and kitchen pantries.
US Garage Organization and Storage Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Garage Cabinets and Shelves
Fastest Growth
Garage Cabinets and Shelves
Growth Rate
7.40% CAGR
Global Garage Organization and Storage Market 2021-2030 ($ Bn)
Country Share for North America Region- 2021 (%)
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Garage Organization and Storage Market Segmental Analysis
Global Garage Organization and Storage market is segmented by type, distribution channel, and region. Based on type, the market can be segmented into Garage Cabinets and Shelves, and Overhead Storage. Based on distribution channel, the market is segmented into Offline retail, and Online retail. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Garage Organization and Storage Market Analysis by Type
By type, the market can be segmented into Garage Cabinets and Shelves, and Overhead Storage. Garage cabinets and shelves segment dominated the market due to the increasing demand for cabinets and shelves for storing various tools and equipment in an organized manner. The segment is likely to witness significant growth during the forecast period due to the increasing number of residential and commercial construction projects, rising demand for garage remodelling and renovation, and the need for proper storage solutions.
The overhead storage segment is expected to be the fastest-growing segment during the forecast period due to the increasing need to maximize garages’ space. Overhead storage solutions, such as ceiling-mounted racks and pulleys, provide an efficient way to store large and bulky items, freeing up floor space for other uses. The segment is expected to witness significant growth due to the increasing demand for innovative storage solutions, rising urbanization, and the need for space-efficient storage solutions.
Garage Organization and Storage Market Analysis by Distribution Channel
By distribution channel, the market can be segmented into offline retail, and online retail. The offline retail segment dominated the global market due to the availability of a wide range of garage organization and storage products at brick-and-mortar stores. Customers often prefer to visit physical stores to inspect the products before making a purchase, especially for larger and more expensive products such as garage cabinets and overhead storage systems. Offline retailers often have a wide network of stores, providing easy accessibility to customers. They also offer installation, repair, and maintenance services, further strengthening their position in the market.
The online retail segment is expected to be the fastest-growing segment during the forecast period due to the increasing popularity of e-commerce platforms and the convenience they offer. Online retailers provide a wide range of garage organization and storage products at competitive prices and offer the convenience of shopping from home. They often provide detailed product descriptions, reviews, and ratings, making it easier for customers to make informed decisions.
Global Garage Organization and Storage Market Size By Type, 2021 (%)
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Garage Organization and Storage Market Regional Insights
North America dominated the global market, and United States is the largest market for garage organization and storage solutions. The high demand for organized storage solutions in residential areas mainly drives the regional market’s growth. The trend of remodelling homes and increasing disposable income among consumers also contributes to the growth of the market. The do-it-yourself (DIY) products segment holds a significant market share, while the demand for professionally installed storage systems is also rising.
On other hand, APAC is the fastest growing region in the market, in which China, Japan, India, and South Korea are the key markets for garage organization and storage solutions. The region is expected to grow rapidly due to the increasing demand for organized storage solutions in both residential and commercial sectors. The rise in disposable income and urbanization are key factors driving the region's demand for garage storage solutions.
Global Garage Organization and Storage Market By Geography, 2021-2030
- Largest
- Fastest
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Garage Organization and Storage Market Dynamics
Garage Organization and Storage Market Drivers
Increasing demand for convenient and organized storage solutions
- The increasing demand for convenient and organized storage solutions is the primary driver of the global garage organization and storage industry.
- As the number of vehicle owners continues to increase, and with the rise in disposable income in many high-income countries, there is a growing need for effective storage solutions for various tools, equipment, and leisure items.
- Additionally, the trend of remodelling homes and creating more multifunctional spaces has led to a surge in demand for garage organization and storage solutions. This trend is expected to continue, leading to steady growth in the industry in the coming years.
Garage Organization and Storage Market Restraints
Limited space available in many urban areas to confine the market growth
- One major restraint in the garage organization and storage industry is the limited space available in many urban areas. As the global population continues to grow, and more people move to urban areas, the demand for organized storage solutions is increasing.
- However, limited space in cities makes it difficult to expand storage facilities. Additionally, the land cost in many urban areas is high, making it challenging for businesses to establish new storage facilities. These factors may hinder the growth of industry, particularly in densely populated regions, in the coming years.
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Garage Organization and Storage Market Competitive Landscape
The competitive landscape of the global garage organization and storage industry is highly fragmented, with numerous small and medium-sized players operating in the market. The industry is characterized by intense competition among the players, which is driven by the need to offer innovative and cost-effective solutions to customers. These players mainly compete based on product quality, pricing, and brand reputation. Furthermore, many companies are focusing on expanding their market reach through partnerships, collaborations, and mergers and acquisitions. As the demand for garage organization and storage solutions continues to rise, the competition in the industry is expected to intensify further in the coming years.
Garage Organization and Storage Market Top Player’s Company Profiles
- ClosetMaid Corporation
- Gladiator GarageWorks
- Stanley Black & Decker Inc.
- Husky Corporation
- Triton Products
- Whirlpool Corporation
- NewAge Products Inc.
- GarageTek Inc.
- Rubbermaid
- Organized Living
- CTECH Manufacturing
- Lista International Corporation
- Moduline Cabinets
- Redline Garage Gear
- Organize My Garage
- Flow Wall System
- StoreWall LLC
- Garage Concepts Inc.
- Wall Control
- Hercke Cabinets
Garage Organization and Storage Market Recent Developments
- In April 2023, ClosetMaid announced a new partnership with GarageTek to offer customers a complete home organization solution.
- In March 2023, Rubbermaid announced a new garage organization and storage product line, featuring innovative designs and materials.
- In February 2023, GarageTek announced a new partnership with Keter, a leading manufacturer of plastic storage solutions, to expand its product offerings.
- In January 2023, Tuff Stor announced a $5 million investment in its manufacturing capabilities to meet the growing demand for garage organization and storage products.
- In September 2022, Clopay Corporation announced a new partnership with Hayley Builders to offer complete garage remodeling services, including organization and storage solutions.
Garage Organization and Storage Key Market Trends
- Demand for Eco-friendly Solutions: One key market trend in the garage organization and storage industry is the increasing demand for eco-friendly and sustainable storage solutions. As consumers become more conscious of their environmental impact, they are looking for products made from recycled materials that can be easily recycled or repurposed, and are energy-efficient.
- Use of Renewable Energy Sources: Additionally, there is a growing trend towards using renewable energy sources to power storage facilities. Companies in the industry are responding to this trend by developing eco-friendly and sustainable products, which is expected to continue driving the growth of the industry in the coming years.
Garage Organization and Storage Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to the global garage organization and storage market, the market is driven by increasing vehicle ownership, rising disposable incomes, and growing demand for convenient storage solutions. The market is highly fragmented with numerous small and medium-sized players competing based on product quality, pricing, and brand reputation. Eco-friendly and sustainable storage solutions are becoming increasingly popular among consumers, and companies are developing innovative products in response to this trend. North America dominated the global market.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 25.02 billion |
| Market size value in 2031 | USD 47.57 billion |
| Growth Rate | 7.40% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Garage Organization and Storage Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Garage Organization and Storage Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Garage Organization and Storage Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Garage Organization and Storage Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Garage Organization and Storage Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Garage Organization and Storage Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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