Market Trends of US Home Organizers And Storage Industry
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%.
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.