Growth opportunities in closets & home storage industry
December 6, 2017 | 3:13 pm CST

The U.S. closets and home storage organization market is projected to grow 3.5% annually to $10.5 billion in 2019, according to research by The Freedonia Group. Closets and bedrooms continue to bel the most important areas for home organization products, with demand for closet storage outpacing that of other bedroom storage due to greater investment in modular units. Other storage products purchased for the bedroom (not including closets) includes shelves and bins, baskets, and totes.

While modular units continue to be the fastest growing product segment, garages are the fastest growing room.

The increased spending for garage organization is in turn spurring the demand for metal and wire storage products, which is forecast to rise 4.1% annually to $3.7 billion in 2021, according to Freedonia. Modular units account for the largest share of metal and wire home organization demand. Wire shelves also are used frequently in areas such as garages, kitchens, and bathrooms where ventilation, water drainage, and mold and mildew resistance are important. 

Click to enlarge the infographic, plus find more market data in December's FDMC Wood Industry Almanac

Quick Stats
On average, closet renovations took 4 months to plan, and 2.5 months for construction, according to the 2017 Houzz & Home survey. Home offices took 6.7 months to plan and 3.6 months to execute, while laundry rooms averaged 5.6 months of planning and 5.0 months to construct. At 7.7 months, kitchen planning was the lengthiest process, with 5.0 months to construct.

Custom projects for the garage averaged $4,909 according to Woodworking Network research.

More homeowners are turning to pros for remodeling projects.  In the 2017 Houzz & Home survey, 48% said they hired a specialty service provider, 38% hired a general contractor/design-builder, and 17% hired an architect.

How happy are women with their current home organization/design? A recent Popsugar survey of 812 women ages 13-49 found 23.9% were very happy, 31.5% somewhat happy, 26.5% neither happy nor unhappy, 12.2% somewhat unhappy, 5.9% very unhappy, and for 2%, it doesn’t apply.

Market Data Sources: The Freedonia Group, Houzz, Woodworking Network, Popsugar

Category: Closets & home organization includes: walk-in and reach-in closets, garage systems, mudrooms, pantries, laundry rooms and related products.

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About the author
Karen Koenig | Editor

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at