The global garage organization and storage market size is expected to reach USD 47.81 billion by 2032, according to a new study by Polaris Market Research. The report “Garage Organization and Storage Market Share, Size, Trends, Industry Analysis Report, By Type (Garage Cabinets, Garage Shelves/Racks, Garage Wall Organization); By Application; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Growing e-commerce market will propel the growth of the market. As the e-commerce market is growing globally, and this is impacting the growth of the garage organization and storage market. Online retailers are making it easier for consumers to purchase garage organization and storage products, which is driving sales in the market. Following the development of the internet, the retail landscape underwent a significant transformation like that of many other industries.
Growing construction industry will likely propel the growth of the market in upcoming years. The construction industry is growing globally, and this is also impacting the growth of the garage organization and storage market. As more homes are built and remodeled, there is a greater demand for products to organize and improve the functionality of garages. This upward revision is explained by increased public investment and an uptick in overall economic activity. The value adds of the construction industry increased by 7.5% in the first nine months of the year, according to the MoSPI, as a result of better economic conditions and a rise in construction output in both the public and private sectors.
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Key driving forces behind the expansion of the global business are the rise in automotive ownership and rising disposable income, particularly in high-income countries. The organization and storage techniques used in the garage allow customers to separate their belongings in a neat and practical manner.
In freestanding homes, the garage space has evolved over time from a straightforward car parking area to a big storage room that may hold multiple vehicles, tools, and equipment used for both leisure and employment purposes. Rising consumer awareness creates plenty of opportunities for the industry. As the consumer awareness about the benefits of garage organization and storage products is increasing which is driving the market growth.
Garage Organization and Storage Market Report Highlights
Polaris Market Research has segmented the garage organization and storage market report based on type, application and region:
Garage Organization and Storage, Type Outlook (Revenue - USD Billion, 2019 - 2032)
Garage Organization and Storage, Application Outlook (Revenue - USD Billion, 2019 - 2032)
Garage Organization and Storage, Regional Outlook (Revenue - USD Billion, 2019 - 2032)