Freedonia In The News

Article Title: Demand for Home Organization Products Spike
By: Michaelle Bradford
Publication: Closets Daily, 5/22/2013
Freedonia Study: Home Organization Products (3027)

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Continued economic recovery is expected to drive U.S. demand for home storage and organization products up to $9.4 billion in 2017, an increase of 4% each year. According to a study by the Freedonia Group, decorative and specialty home organization products as well larger, more expensive closet and garage systems will drive the increases. Also, the garage organization products segment will see the fastest growth. In part due to the huge rise in the use of home organization products in garages -- in 2012 garages topped family rooms as the second leading application for these products.
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Article Title: Making room for organization
By: Steph Koyfman
Publication: Home Channel News, 12/10/2013
Freedonia Study: Home Organization Products (3027)

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“People are now beginning to spend more on their own homes, not moving as quickly as they did before,” said Art Noparstak, product marketing manager at Racor Home Storage Products, which serves the burgeoning garage storage market. “Storage and organization has always been a problem, but people are realizing it’s worth it to spend a little money and take a little time [where storage is concerned]. People are also renting more, and when you rent you have smaller spaces.” That theory is supported by research. A 2013 Freedonia Group study forecasts that U.S. demand for home organization products will grow 4.0% per year, reaching $9.4 billion in 2017.
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