CLEVELAND, Ohio - According to the "Home Organization Market in the US" report from The Freedonia Group, demand for metal and wire home organization products is expected to rise 4.1 percent annually to $3.7 billion through 2021.
The 7th Edition of this report notes that gains in the market will be driven by numerous factors including:
• Increased spending on organization products used in garages and bathrooms, where plastic-coated wire products are valued for their ability to drain water and resist mold and mildew
• More spending on home organization in garages, including solid metal shelves and modular units, as metal provides the strength and durability needed for many of the heavy items kept in garages
• Continued interest in more decorative solid metal products, such as those with stylized finishes or wrought metal designs
However, metal home organization products, typically installed in multifamily housing units such as apartments and condos, face strong competition in both the lower-end and the higher-end price ranges.
“Modular units account for the largest share of metal and wire home organization demand, benefiting from wire’s dominance in use among low cost, basic modular units,” says Analyst Katherine Brink.
Wire shelves also see significant use, particularly in areas such as garages, kitchens, and bathrooms where ventilation, water drainage, and mold and mildew resistance are important.
The "Home Organization Market in the US, 7th Edition" is available for $5,300 from The Freedonia Group. For further details, visit www.freedoniagroup.com.
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