Closets and Home Storage: Market Trends

Major Players

CALIFORNIA CLOSETS

STOW

ORGANIZED LIVING

TAILORED LIVING

ORGANIZERS DIRECT

 

HOME STORAGE SOLUTIONS

BUSINESS The home storage organizing systems industry is estimated at approximately $4 billion. The total industry, including home organization products such as bins and baskets and do-it-yourself organization products, is at $7.7 billion.

Severely impacted in 2008 by the crash of the new home market — 75% of its sales — closet firms reached into kitchen cabinetry, outsourced production, joined franchises and expanded into remodeling. Turning to garages and other home organization solutions as a way to diversify and augment their product lines, closet companies began to seek additional leads and ways to define themselves and their services. The Association of Closet and Storage Professionals (ACSP) developed a certification program for design professionals.

CLOSET DESIGN TRENDS Most closets (56%) are white or solid wood and veneer (30%). Other popular trends include the use of European designs, embedded LED lighting, sliding doors, textured cabinetry and shelving surfaces with dark finishes.

 

QUICK STATS:

• 65% of closets are remodels; 35% new construction.
• 3.6% annual closets growth through 2015.
• 81% of closets firms sell direct to consumers.

Closets and Home Storage: Market Trends

Closets and Home Storage: Market Trends



























PRODUCT LINES:

Walk-In closets, reach-in closets, Murphy beds, garages, mudrooms, pantry, laundry room, home office, libraries, healthcare storage

 

 

Sources: Vance Research, ORC Research, The Freedonia Group, Association of Closet and Storage Professionals.
75% of closets firms anticipated 2013 sales will increase over 2012; 19% see flat sales.
50% of homeowners say the garage is a primary entrance, driving demand for passage room remodels.
Most popular closets upgrades: drawers, tie racks, valet rods, jewelry trays and hampers.

 

Closets and Home Storage: Market Trends

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