According to Verified Market Reports, the global market for fitted wardrobes - custom built-in closet organizing systems designed to fit any space - is expected to reach $97.52 billion by 2031, with a CAGR of 6.29% from 2024 to 2031.

The report cites significant growth in the fitted wardrobe market due to homeowners looking for more customized solutions to maximize their living spaces. Urbanization is also a factor, with clients requiring more innovative designs to make smaller living spaces functional.

According to the report, additional factors contributing to the growth of the fitted wardrobe market include the increasing awareness of interior aesthetics, which encourages consumers to invest in stylish and practical fitted wardrobes. Eco-friendly materials and sustainable practices are becoming pivotal as environmentally-conscious consumers seek products that align with their values. Also, integrating technology, such as smart storage solutions and modular designs, offers manufacturers a chance to innovate and capture a broader market.

For more information, visit verifiedmarketreports.com.