IMARC Group, a leading market research company, has released a report titled “Garage Organization and Storage Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028“. According to the report, The global garage organization and storage market size reached US$ 25.44 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 41.78 Billion by 2028, exhibiting a growth rate (CAGR) of 8.45% during 2023-2028.
Garage organization and storage refer to the systematic arrangement and optimization of space within a garage environment to enhance functionality, maximize storage capacity, and create an organized and efficient space. A well-organized garage provides convenient storage for vehicles and accommodates various tools, equipment, seasonal items, and other belongings, allowing homeowners to utilize their garage space to its full potential. These systems help homeowners make the most of their garage space, turning it into a functional and efficient area that suits their specific needs for parking vehicles, pursuing hobbies, or storing seasonal items.
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Garage Organization and Storage Market Trends and Drivers:
The garage organization and storage market is influenced by the reflect changing lifestyles, evolving consumer preferences, and the need for efficient and organized storage solutions. As urban areas continue to grow and living spaces become more compact, homeowners are seeking ways to optimize every available area, including their garages. In addition, the growing popularity of DIY projects and home improvement activities has heightened the need for organized garage spaces. Homeowners are investing in storage systems that help them efficiently store tools, equipment, and materials, enabling them to undertake projects more effectively. Moreover, homeowners who undergo renovations or remodeling projects often realize the potential of their garage as a functional storage area. This realization prompts them to seek organization and storage solutions that align with their upgraded living spaces. Besides, the growth of e-commerce has made it easier for consumers to access a wide range of garage organization and storage products. Online shopping platforms provide convenience, enabling homeowners to explore various options and select solutions that best suit their needs, thus propelling the market.
Report Segmentation:
The report has segmented the market into the following categories:
Breakup by Type:
- Garage cabinets
- Garage shelves/racks
- Garage wall organization
Breakup by Application:
- Residential
- Commercial
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape with Key Player:
- Cannon Security Products
- Fleximounts
- Flow Wall
- GarageTek Inc.
- Gladiator
- Lowe’s Companies Inc.
- New Age Products Inc.
- Organized Living Inc.
- Prepac Manufacturing Ltd.
- Stanley Black & Decker Inc.
- Sterilite Corp.
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