Webcast to size up $10 billion closets and home storage market

By Bill Esler

July 14, 2016 | 11:40 am CDT

Kyle Peters, assistant manager, Freedonia Group

Freedonia Group research analyst Kyle Peters will provide a preview of the closets and home storage and organization market in a free webcast July 28. Its latest study pegs the organization market, including closets and home storage, at $10 billion.

Demand for organized closets, garages and other home storage areas will rise steadily over the next four years, rivaling expenditures in segments like wood flooring and windows.

Consumers are trending to tighter living quarters - aging Baby Boomers are downsizing to apartments and town homes, while Millennials have their eyes set on central city loft-style living. This means getting more storage into smaller quarters. Working at home is increasingly common.

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And the garage is now the new front door.

What business opportunities does this present for custom interior spaces?

Freedonia Group research analyst Kyle Peters will provide a preview of the closets and home storage and organization market in this free webcast July 28.

A longer presentation on the Freedonia study is part of the IWF 2016 Closets Symposium next month in Atlanta.

The Freedonia Group, a division of MarketResearch.com, is a leading international industrial market research company that publishes more than 400 research studies annually and offers custom research solutions. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Reports can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com

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About the author

Bill wrote for WoodworkingNetwork.com, FDMC and Closets & Organized Storage magazines.

Bill's background includes more than 10 years in print manufacturing management, followed by more than 30 years in business reporting on industrial manufacturing in the forest products industries, including printing and packaging at American Printer (Features Editor) and Graphic Arts Monthly (Editor in Chief) magazines; and in secondary wood manufacturing for WoodworkingNetwork.com.

Bill was deeply involved with the launches of the Woodworking Network Leadership Forum, and the 40 Under 40 Awards programs. He currently reports on technology and business trends and develops conference programs.

In addition to his work as a journalist, Bill supports efforts to expand and improve educational opportunities in the manufacturing sectors, including 10 years on the Print & Graphics Scholarship Foundation; six years with the U.S. WoodLinks; and currently on the Woodwork Career Alliance Education Committee. He is also supports the Greater West Town Training Partnership Woodworking Program, which has trained more than 950 adults for industrial wood manufacturing careers.

Bill volunteers for Foinse Research Station, a biological field station staddling the border of Ireland and Northern Ireland, one of more than 200 members of the Organization of Biological Field Stations.