by Corinne Gangloff
March 8, 2019
Demand for home organization products used in closets is projected to advance 4.8% per year through 2023 to $3.4 billion. The use of home organization products in closets is well established, as storage is their primary purpose. As a result, closets are the rooms where the largest amount of home organization products are used. These and other trends are presented in Home Organization Products, a new study from The Freedonia Group, a Cleveland-based industry research firm.
Gains will be among the fastest rates posted for all rooms, benefiting from:
Demand for home organization products for all rooms (Closets, Garages, Family Rooms, Bedrooms, Pantries and Kitchens, and Bathrooms and Utility Rooms) is projected to reach $12.7 billion in 2023 on gains of 3.8% per year. A healthy economy will support continued advances in this consumer-facing industry. Further demand growth will result from:
Home Organization Products (published 02/2019, 226 pages) is available for $5300 from The Freedonia Group. Please link citations to https://www.freedoniagroup.com/Home-Organization-Products.html
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