Despite the challenges of high costs, low consumer confidence and a sluggish housing market, the outlook is not necessarily pessimistic for closets and home organization providers, especially those serving the renovation market. 

Home remodeling and maintenance expenditures are projected to remain steady through the end of this year and into the middle of 2026, according to the latest Leading Indicator of Remodeling Activity (LIRA), by the Remodeling Futures Program at the Joint Center for Housing Studies of Harvard University.  The LIRA projects year-over-year spending on home renovation and repair will rise 2.4% in early 2026 before slowing to 1.9% in the third quarter. Total homeowner remodeling spending is expected to reach $524 billion in early 2026, a new record high.

Respondents to the Closets State of the Industry 2026 report are also bullish, with roughly two-thirds projecting better or much better sales compared to 2025. The  single-family residential market (remodeling and new construction) remains a key driver of growth for the group, which named closet systems (79.3%), kitchens and baths (45.7%), and pantries (33.6%) as their three top selling project categories in 2025, followed by garage organization (30.2%) and laundry rooms (25.9%).

The 2025 Wood Industry Almanac is sponsored by IMA Schelling Group.

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Quick Stats (Includes items not shown in print.)
• The global closet organizers market is poised for impressive growth over the next decade, with projections indicating the market will expand from $4.033 billion USD in 2025 to $8.529 billion by 2035, at a 7.8% CAGR, according to Future Market Insights. The North American market will continue to be driven by the high adoption of custom closets, DIY culture, and
large residential spaces.

• According to Grandview Research, the U.S. garage organization and storage market size was estimated at $3.46 billion in 2024 and is projected to reach $6.71 billion by 2033, growing at a CAGR of 7.7% from 2025 to 2033. Once used mainly for parking, garages are being repurposed into multi-functional spaces like workshops, gyms, or storage hubs, driving demand for shelving, cabinets, overhead racks, and modular systems. 

• The global home organization products market size has a projected value of $13.27 billion USD in 2025, and should reach $20.21 billion by 2033, exhibiting a 5.4% CAGR, according to Business Research Insights. The U.S. leads the North American region with a preference for smart and multifunctional storage items.

• Projected at $36.86 billion USD in 2025, the global home office furniture market is expected to reach $51.3 billion by 2029, at a CAGR of 8.6%, according to The Business Research Co.

• Valued at $31.5 billion USD in 2024, the global wardrobe market is poised to grow to $46.54 billion by 2032, at a CAGR of 5.0% (2025-2032), projects Skyquest.

• Many closet firms also do projects in other rooms. Top 3 selling projects in 2025, as reported in the Closets State of the Industry report, were: closet systems (79%), kitchens & baths (45.7%), and pantries (33.6%). Garage organization (30.2%) and laundry rooms (25.9%) were next on the list.

Market Data Sources: Closets & Organized Storage/Woodworking Network, Harvard Joint Center for Housing Studies/LIRA, Association of Closet and Storage Professionals, Houzz, National Association of Realtors (NARI), Future Market Insights, Grandview Research, Business Research Insights, The Business Research Co., Skyquest. Category: Closets & home organization includes: walk-in and reach-in closets, garages, mudrooms, pantries, laundry rooms and related products.

More data on North American woodworking and the specific wood product market segments can be found in the December 2025 FDMC Wood Industry Almanac. digital edition or the online almanac articles. Also, find market data year-round at WoodworkingNetwork.com/news/almanac-market-data.