Freedonia Group research analyst Kyle Peters will provide a preview of the closets and home storage and organization market in a free webcast July 28. Its latest study pegs the organization market, including closets and home storage, at $10 billion. A longer presentation on the study is part of the IWF 2016 Closets Symposium next month.
The Freedonia Group forecasts US demand for decking will increase 1.8 percent per year through 2020 to 3.6 billion lineal feet, at a value of $7.1 billion.
Increased cabinets and furniture demand will continue to drive the growth of decorative laminates in the United States 2.5 percent annually, reaching 11.6 billion square feet —$6.8 billion — in 2020, according to new research by The Freedonia Group.