According to a new report, published by KBV research, The Global Garage Organization and Storage Market size is expected to reach $36 billion by 2028, rising at a market growth of 7.8% CAGR during the forecast period.
The Commercial segment is showcasing a CAGR of 9.3% during (2022 - 2028). In order to offer convenience & ease of storage to their clients, many rentals, as well as commercial parking garages, use organizing and storage goods. Increasing vehicle sales nationwide are predicted to increase construction spending on commercial parking lots and garages over the projection period. The demand for such products in commercial settings is predicted to increase as a result.
The Garage Cabinets segment acquired maximum revenue share in the Global Garage Organization and Storage Market by Type in 2021 thereby, achieving a market value of $17.3 billion by 2028. Assorted and customizable cabinets are growing in popularity, which is expected to increase demand for these goods over the projection period. These items allow customers to easily store a range of items while maintaining garage organization. All space is used to the fullest degree feasible due to convenient access and designated areas for storing particular tools and equipment.
The North America market dominated the Global Garage Organization and Storage Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $12.9 billion by 2028.The Asia Pacific market is exhibiting a CAGR of 8.5% during (2022 - 2028). Additionally, The Europe market would showcase a CAGR of 7.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/garage-organization-and-storage-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Stanley Black & Decker, Inc., Lowe’s Companies, Inc., Griffon Corporation (ClosetMaid), Rubbermaid Commercial Products LLC (Newell Brands), Whirlpool Corporation (Gladiator), GarageTek, Inc., Sterilite Corporation, and Cannon Security Products, Inc.
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