US Home Organizers And Storage Market Size
|Study Period||2019 - 2028|
|Base Year For Estimation||2022|
|Forecast Data Period||2023 - 2028|
|Historical Data Period||2018 - 2021|
|CAGR||> 3.50 %|
*Disclaimer: Major Players sorted in no particular order
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US Home Organizers And Storage Market Analysis
The US home organizers and storage market is valued at USD 11,650.5 million in the current year and is expected to register a CAGR of 3.5% during the forecast period.
The evolving preferences of consumers seeking efficiency, convenience, and aesthetics within their homes are reflected in the US housing organizers and storage market. With a blend of established giants and specialized players, the market continues to evolve through innovation and customization.
Smart and digital storage, which uses technologies to increase the storage experience and functionalities, is one of three trends in intelligent storage solutions. In the United States, there is an increasing number of home renovation projects that are focusing on custom storage solutions for homes. Consumers are opting for custom storage solutions, such as custom-made closets and kitchen storage, that provide maximum storage.
The COVID-19 pandemic brought a radical change in the way homes are used. Work-from-home settings, homeschooling setup, and transforming the garage to a workout space are the result of the pandemic. This brought adaptation and reconstruction in the consumer's lifestyle. Organizing the available space and setting up new and innovative spaces for storage has become common re-organization home projects post-pandemic.
Immediately after the pandemic, there was a surge in the number of people interested in home organization. A number of home organization companies, such as Freshly Organized LLC, reported a massive rise in inquiries, website traffic, virtual appointments with experts, and subscriptions. This sudden increase in interest in home organization was related to a coping mechanism for the pandemic.
US Home Organizers And Storage Market Trends
Growing Residential Construction is Driving the Market
The demand for home organizers and storage is likely to rise during the forecast period, owing to an increase in existing house sales and housing starts in the United States. In the short term, rising home renovation activities in the country may stimulate the demand for home organizers and storage.
New home construction output in the United States private sector reached nearly USD 900 billion in 2022, the third year of strong growth in a row. As a result, in the Dallas Fort Worth Metropolitan Arlington region of Texas, housing units approved under construction permits have recorded some of the highest house-building output in the United States.
Compared to the January estimate, construction of privately owned housing in February 2023 accounted for 1.4 million units, increasing by 9.8%.
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The United States Home Organizers Market is Dominated by the Modular Units Segment
Modular storage cubes are a popular choice for organizing everyday items and accessories. They are a modern version of traditional shelves and cupboards and are typically larger and more practical. With the rapid growth of cities like New York (United States), the demand for modular housing and storage solutions is expected to continue to grow in the years to come.
FREAKS Architecture has shown that modular storage solutions can be incorporated into architectural designs, allowing designers and developers to customize storage units to suit the requirements of a particular space. By creating bespoke design elements, flexibility and functionality are built into the design process, creating a whole new category within the design world focused on modernizing living spaces.
US Home Organizers And Storage Industry Overview
The home organizers and storage market is fragmented in the United States, with several substantial firms and numerous small and medium-sized businesses. Some of the top market participants in the United States are Amazon, Bed Bath and Beyond, Houzz, IKEA, Lowe's, Target, The Container Store, and Home Depot. These businesses specialize in making customized home organizers and storage items.
US Home Organizers And Storage Market Leaders
*Disclaimer: Major Players sorted in no particular order
US Home Organizers And Storage Market News
- In December 2022, Houzz Inc. announced the launch of Room Planner for Houzz Pro, the all-in-one business management and marketing software for interior design and remodeling professionals. The Room Planner gives designers a highly visual, collaborative workspace to create, discuss, and share multiple design concepts internally with their team and externally with clients.
- In January 2022, The Container Store, a specialty retailer of storage and organization solutions and custom closets, announced the acquisition of Chicago-based home storage solutions and closet organization company Closet Works for USD 21.5 million.
US Home Organizers & Storage Market Report - Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain Analysis
4.5 Porter's Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights into Technological Advancements in the Industry
4.7 Impact of COVID-19 on the market
5. MARKET SEGMENTATION
5.1 By Product
5.1.1 Storage Baskets
5.1.2 Storage Boxes
5.1.3 Storage Bags
5.1.4 Hanging Storage
5.1.5 Multipurpose Organizers
5.1.6 Travel Luggage Organizers
5.1.7 Modular Units
5.1.8 Other Products
5.2 By Application
5.2.1 Bedroom Closets
5.2.2 Laundry Rooms
5.2.3 Home Offices
5.2.4 Pantries and Kitchen
5.2.6 Other Applications
5.3 By Distribution Channel
5.3.1 Hypermarkets and Supermarkets
5.3.2 Specialty Stores
5.3.4 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.2 Bed Bath & Beyond
6.2.7 The Container Store
6.2.8 The Home Depot
6.2.12 Neat Method*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
US Home Organizers & Storage Market Research FAQs
What is the study period of this market?
The US Home Organizers And Storage Market is studied from 2019 - 2028.
What is the growth rate of US Home Organizers And Storage Market?
The US Home Organizers And Storage Market is growing at a CAGR of >3.5% over the next 5 years.
Who are the key players in US Home Organizers And Storage Market?
Ikea, Target, Lowe's, Wayfair, Houzz are the major companies operating in US Home Organizers And Storage Market.
United States Home Organizers and Storage Industry Report
Statistics for the 2023 US Home Organizers And Storage market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. US Home Organizers And Storage analysis includes a market forecast outlook to for 2023 to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.