freedonia

U.S. Home Storage Demand To Reach $10.5 Billion by 2019

Demand for organized closets, garages and other home storage areas will rise steadily over the next four years, reaching $10.9 billion in annual sales by 2019, says a study by Freedonia Group. Downsizing baby boomers and first-time householders moving to apartments will drive consumption of shelving systems, specialized storage hardware, wine storage, and garage systems at a 3.4 percent growth rate.