Growth Forecast for Kitchen Storage Organization Market Through 2027
Kitchen storage organization products includes cabinet organizers/drawer organizers, food storage, pantry organizers, sink & under sink, dinnerware & serving storage, and others. These kitchen storage organization products saves time and efforts while organizing and storing food, preparing meals in the kitchen, and provide suitable space-saving solutions.
Global kitchen storage organization market was valued at US$ 115,695.7 Mn in 2018 and is expected to reach US$ 154,969.5 Mn by 2027, exhibiting a CAGR of 3.3% over the forecast period (2019-2027).
Benefits of kitchen storage organization and increasing consumer disposable income are the factors that are expected to drive the market growth over the forecast period. Kitchen storage organization offers advantages such as it reduces clutter and thereby, makes it easier to find items. It allows better utilization of kitchen space. Kitchen storage organization products are easy to clean and it improves cleanliness and hygiene in the kitchen by reducing clutter. In addition, wide variety of inexpensive kitchen storage organization products such as racks, baskets, bins, boxes, and drawers are available in different materials such as plastic and metals and are easily available through offline and online distribution channels. Such advantages offered by kitchen storage organization products are expected to drive growth of the global kitchen storage organization market.
Top Key Players in Kitchen Storage Organization market: Kitchen Magic, Rev-A-Shelf, Knape & Vogt Manufacturing Company, Enclume Design Products, Kesseböhmer Clever Storage, ShelfGenie Franchise Systems, LLC, Old Dutch International, Anchor Hocking, LLC, Blum Australia Pty Ltd, Inter IKEA Systems B.V., Flywell International Corp, Masterclass Kitchens, and Others
Regional Analysis For Kitchen Storage Organization Market:
Besides segmental breakdown, the report is highly structured into region wise study. The regional analysis comprehensively done by the researchers highlights key regions and their dominating countries accounting for substantial revenue share in the Kitchen Storage Organization market. The study helps understanding how the market will fare in the respective region, while also mentioning the emerging regions growing with a significant CAGR. The following are the regions covered in this report.
- North America [U.S., Canada, Mexico]
- Europe [Germany, UK, France, Italy, Rest of Europe]
- Asia-Pacific [China, India, Japan, South Korea, Southeast Asia, Australia, Rest of Asia Pacific]
- South America [Brazil, Argentina, Rest of Latin America]
- Middle East & Africa [GCC, North Africa, South Africa, Rest of Middle East and Africa]
Players operating within the global kitchen storage organization market are focused on launching different products to cater to increasing customer demand. as an example , in January 2016, Hardware Resources, a manufacturer of functional and ornamental bath and kitchen elements, launched Wood Pantry Pullout. The wood pantry pullout consists of 5 shelves, top mounting bracket, 400lb needle bearing bottom slides, 225lb needle bearing top slide, and is out there in 12 different sizes.
Increasing acquisitions by key players in the market is expected to propel the market growth. Key players operating in the kitchen storage organization market are focused on adopting inorganic growth strategies such as acquisitions to enhance their product portfolio and expand its business. For instance, in October 2019, Rev-A-Shelf, LLC, a U.S.-based supplier of kitchen storage and organization products acquired Sidelines Inc., a manufacturer of storage products for closets and kitchen, in order to expand its product portfolio.
Rising residential construction activities in emerging economies such as India and China among others is expected to fuel growth of the kitchen storage organization market. For instance, Housing for All program was launched in India in June 2015, by the Government of India, which planned to build 20 million urban and 30 million rural houses by 2022. Moreover, according to the National Bureau of Statistics of China, investment in residential buildings in China was US$ 1,075.7 billion in 2017 and exhibited year-on-year growth of 9.4%.
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