Home Organization Products

 Published On: May, 2015 |    No of Pages: 275 |  Published By: Freedonia | Format: PDF
Request Free Sample

US demand to rise 3.4% annually through 2019
Demand for home organization products is forecast to increase by 3.4 percent per annum through 2019 to $10.5 billion. Growth will decelerate considerably from the 2009-2014 gains, as this period saw a strong rebound in sales from a low 2009 base. As a result, advances will be more modest through the forecast period as much of the recovery has already been completed. Further growth in consumer spending, coupled with the expanding number of households, will propel sales. Demographic trends such as baby boomers moving into smaller homes and their children moving into college housing and first apartments will offer opportunities since small spaces benefit greatly from organization products.

Garage organizers among fastest growing segments
As storage space within the home becomes satisfied, consumers begin looking at other areas where storage can be optimized, including the garage. As a result, home organization products used in the garage will post the one of the fastest growth rates through 2019, a continuation of decade-long trends. In addition to general storage, an increasing number of homeowners create functional rooms in the garage for hobbies (e.g., gardening, exercise, vehicle repair), which facilitates the purchase of home organization products. Sales to the larger closets and bedrooms segment will be stimulated primarily by continued interest in more organized storage spaces within closets, increasingly incorporating more types of home organization products, such as those made with higher value materials and features. Closets are also becoming an increasingly important factor for potential homebuyers. Because of this, many new homes are being constructed with closet systems installed and a growing number of homeowners are installing at least some type of closet system before listing the home for sale.

Modular units, shelving to be fastest growing products
Bins, baskets, and totes will continue to account for the largest share of home organization product demand, and will comprise 36 percent of total sales in 2019. However, growth in this segment will be among the slowest rates through 2019 as bins, baskets, and totes represent a mature segment of the industry. Additionally, owing to the commodity status of these products, there is a high level of pricing pressure limiting value gains. Modular units and shelving will generate the fastest growth through the forecast period. Demand for modular units will be supported by ongoing interest among consumers to install these units in garages and closets as well as pantries and (“owners’ entry”) utility areas. Opportunities for shelving will be boosted by the need for vertical storage space throughout the home, from utilitarian shelving in garages, pantries and kitchens to more decorative versions in family rooms and bedrooms. The growing trend toward open layout floor plans in family rooms will support demand for shelving as a way to divide the space. Shelving is also utilized as a substitute for cabinetry in contemporary open kitchens.

Study coverage
Details on these and other findings are offered in Home Organization Products, Freedonia industry study. It presents historical demand data (2004, 2009, 2014) as well as forecasts (2019, 2024) by material, product, room (e.g., family rooms, bathrooms and utility rooms, garages, closets and bedrooms, pantries and kitchens) and market (DIY, professional). The study also details market environment factors, examines the industry structure, evaluates company market share and profiles 33 US industry competitors.

INTRODUCTION

EXECUTIVE SUMMARY

MARKET ENVIRONMENT
General
Macroeconomic Environment
Demographic Trends
Population
Households
Consumer Trends
Personal Income & Expenditures
Consumer Financing
Residential Building Construction
Housing Completions
Housing Stock
Improvements & Repairs
Self Storage Market
Pricing
Foreign Trade
World Market

MATERIALS
General
Metal & Wire
Products
Suppliers
Plastic
Products
Suppliers
Wood
Products
Suppliers
Wicker, Rattan, & Other
Wicker, Rattan, & Other Weaves
Canvas & All Other Materials
Suppliers

PRODUCTS
General
Bins, Baskets, & Totes
Materials
Rooms
Suppliers
Shelving
Materials
Rooms
Suppliers
Modular Units
Materials
Rooms
Suppliers
Hanging Storage
Materials
Rooms
Suppliers
Accessories & Other
Materials
Rooms
Suppliers
ROOMS
General
Closets & Bedrooms
Closets
Bedrooms
Garages
Products
Suppliers
Family Rooms
Products
Suppliers
Pantries & Kitchens
Products
Suppliers
Bathrooms & Utility Rooms
Products
Suppliers
Other Areas
Products
Suppliers

MARKETS
General
Do-It-Yourself
Retailers
Suppliers
Professional Installation
Builders & Remodeling Contractors
Suppliers

INDUSTRY STRUCTURE
General
Industry Composition
Market Share
Competitive Strategies
Distribution
Marketing
Acquisitions & Divestitures
Cooperative Agreements
Company Profiles
Akro-Mils, see Myers Industries
Ameriwood Industries, see Dorel Industries
ArtBin, see Flambeau
California Closet, see FirstService
Closet & Storage Concepts
Closet Factory Franchise Corporation
ClosetMaid, see Emerson Electric
Container Store Group Incorporated
Distinctive Wine Cellars, see Stow
Dorel Industries Incorporated
Easy Track, see Stow
EasyClosets, see Stow
Elfa International, see Container Store Group
Emerson Electric Company
FirstService Corporation
Flambeau Incorporated
Fortune Brands Home & Security Incorporated
GarageTek Incorporated
Genuine Parts Company
Gracious Living Corporation
Häfele GmbH & Company KG
Hirsh Industries Incorporated
Home Products International Incorporated
Household Essentials LLC
Illinois Tool Works Incorporated
InterDesign Incorporated
InterMetro Industries, see Emerson Electric
Jarden Corporation
Knape & Vogt Manufacturing Company
KraftMaid Cabinetry, see Masco
Lehigh Consumer Products, see Jarden
Liberty Hardware Manufacturing, see Masco
Masco Corporation
Merillat Industries, see Masco
Myers Industries Incorporated
Newell Rubbermaid Incorporated
ORG Home, see Stow
Organized Living
Plano Synergy Holdings Incorporated
Pro-Mart Industries Incorporated
Racor, see Illinois Tool Works
Sauder Woodworking Company
Scepter Canada, see Myers Industries
SP Richards, see Genuine Parts
Spectrum Diversified Designs Incorporated
Sterilite Corporation
Storage Solutions
StoreWALL LLC
STOR-X Organizing Systems
Stow Company
Waterloo Industries, see Fortune Brands Home & Security
Whirlpool Corporation
WoodTrac, see Sauder Woodworking
Other Home Organization Companies

List of Tables

EXECUTIVE SUMMARY
Summary Table

MARKET ENVIRONMENT
Macroeconomic Indicators
Population & Households
Personal Consumption Expenditures
Consuming Financing Environment, 2004-2014
Residential Building Construction Expenditures
New Housing Indicators
Housing Stock by Type
Residential Improvement & Repair Expenditures

MATERIALS
Home Organization Product Demand by Material
Metal & Wire Home Organization Product Demand
Plastic Home Organization Product Demand
Wood Home Organization Product Demand
Wicker, Rattan, & Other Materials Home Organizatio Product Demand

PRODUCTS
Home Organization Product Demand by Type
Bin, Basket, & Tote Demand
Shelving Demand
Modular Unit Demand
Hanging Storage Demand
Accessory & Other Home Organization Product Demand

ROOMS
Home Organization Product Demand by Room
Closets & Bedrooms: Home Organization Product Demand
Garages: Home Organization Product Demand
Family Rooms: Home Organization Product Demand
Pantries & Kitchens: Home Organization Product Demand
Bathrooms & Utility Rooms: Home Organizatio Product Demand
Other Areas: Home Organization Product Demand

MARKETS
Home Organization Product Demand by Market
Do-It-Yourself Market for Home Organization Products
Professional Market for Home Organization Products

INDUSTRY STRUCTURE
Home Organization Product Sales by Company, 2014
Selected Acquisitions & Divestitures
Selected Cooperative Agreements


If the above report does not have the information suitable for your business, we can provide custom research that can be lucrative for your business or enhance your profession.