Growth opportunities in closets & home storage industry
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.