CHICAGO, April 25,
2024 /PRNewswire/ -- According to Arizton's
latest focus research report, the US garage furniture market is
growing at a CAGR of 2.20% during 2024-2029.
To Know More, Download the Free Sample Report:
https://www.focusreports.store/report/us-garage-furniture-market-focused-insights
The US Garage Furniture Market Report Scope
Report
Attributes
|
Details
|
Market Size
(2029)
|
$3.17
Billion
|
Market Size
(2023)
|
$2.78
Billion
|
CAGR
(2023-2029)
|
2.20 %
|
Historic
Year
|
2020-2022
|
Base
Year
|
2023
|
Forecast
Year
|
2024-2029
|
The robust growth in the home improvement sector is a
significant driver for the garage furniture market in the US. With
more homeowners investing in enhancing their living spaces, there
is a parallel surge in demand for well-organized and functional
garages. This trend is fuelled by an increase in DIY projects and a
growing interest in transforming garages into multifunctional
spaces, contributing to the overall expansion of the garage
furniture market. Despite the evolving market, a challenge lies in
consumer education and awareness regarding the diverse garage
furniture options available. Many consumers may not be fully
informed about the latest trends, materials, or technologies in
garage furniture. Manufacturers and retailers face the task of
effectively communicating the benefits and features of their
products to ensure that consumers make informed purchasing
decisions. Overcoming this challenge is crucial for sustaining
market growth. The US garage furniture market exhibits strength in
its robust online presence and effective digital marketing
strategies. Companies leveraging e-commerce platforms, social
media, and digital advertising have successfully expanded their
reach and engaged with a broader audience. This strength
contributes to increased sales and enables manufacturers to gather
valuable insights into consumer preferences, helping them adapt
their offerings to meet evolving market demands.
Product Innovation:
- In 2023, Gladiator, one of the prominent vendors, introduced
the Flex Cabinet System, revolutionizing garage customization.
These cabinets are available in four types that offer homeowners
flexibility and strength. The 30" Tall Cabinet, 24" Wall Cabinet,
24" 2-door Base Cabinet, and 24" 1-Drawer 2-Door Base Cabinet are
all constructed from 24-gauge steel with welded precision.
Adjustable shelves with hidden brackets accommodate various storage
needs. Soft-touch recessed handles and adjustable soft-close doors
enhance usability. The multi-point locking mechanism ensures items
remain safe. With pre-configured systems capable of holding up to
2,350 pounds of evenly distributed weight, Gladiator caters to
diverse garage layouts. Their innovation sets a high bar for
competitors, urging them to enhance their cabinet offerings to
match this level of flexibility and durability.
- In 2023, NewAge Products, one of the prominent vendors,
disrupted the home renovation shopping experience by launching
Return-Proof Virtual Demos. Through live product demonstrations,
consumers connect directly with Product Experts. This face-to-face
interaction lets customers virtually explore NewAge's indoor and
outdoor storage solutions. By eliminating guesswork, buyers gain
confidence in their purchase decisions. This will have impacts like
reduced returns, streamlined decision-making, and enhanced customer
engagement. Competitors must adapt to personalized approaches like
this to stay competitive in the evolving market.
The Residential Market to Cross $2
Billion by 2029
Within the residential segment, a noticeable trend towards
transforming garages into multifunctional spaces leads to increased
demand for adaptable and aesthetically pleasing garage
furniture. A diverse range of preferences characterizes the
residential market, prompting manufacturers to offer modular and
customizable solutions to cater to individual homeowner
needs. Homeowners prioritize garage furniture that complements
the overall design of their homes, with an increasing focus on
creating organized, stylish, and functional garage spaces for
storage, work, and leisure. A rising trend among residential
garage furniture involves the integration of smart home
technologies, with homeowners seeking furniture that can be
connected to home automation systems, allowing for remote
monitoring and control. There is a noticeable trend towards
do-it-yourself (DIY) garage furniture solutions, catering to
homeowners who enjoy customizing and assembling their furniture,
leading to a demand for modular and easy-to-install options.
Segmentation & Forecast
- Product Type
- Cabinets & Drawers
- Shelves & Racks
- Benches & Tables
- Chairs & Stools
- Others
- Distribution Channel
- Big Box/Superstores
- Online Channels
- Speciality Furniture Stores
- Others
- End-User
- Residential
- Commercial
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Vendors Lists
- Key Vendors
- California Closets
- ClosetMaid
- Dorel Industries
- Rubbermaid
- The Container Store
- Other Prominent Vendors
- Homak
- Obsessed Garage
- ATD Tools
- Whalen Furniture
- VAULT
- Greenberg Casework Company
- NewAge Products
- Carolina Garage Company
- Ulti-MATE Garage
- TOOLSiD
- Garage Organization
- Gladiator
- Flow Wall
- Suncast
- Prepac
- Garage Living
- GarageTek
- Stanley Black & Decker
- Seville Classics
- Edsal
- TRINITY
- Organized Living
- CTech Manufacturing
- PremierGarage
- Garage Art
- Sterilite
- Triton Products
- Redline Garagegear
- Quality Craft
- Stack-On
- VIPER TOOL STORAGE
Table of Contents
CHAPTER – 1: U.S. Garage Furniture Market Overview
- Executive Summary
- Introduction
- Key Findings
CHAPTER – 2: U.S. Garage Furniture Market Projected
Revenue
- U.S.: Projected Revenue of Garage Furniture (2024-2029;
$Billions)
CHAPTER – 3: U.S. Garage Furniture Market Segmentation
Data
- US: Projected Revenue by Product Type (2024-2029); (Revenue
$ B.N.)
- Product Type Snapshot
- Cabinets & Drawers
- Shelves & Racks
- Benches & Tables
- Chairs & Stools
- Others
- U.S.: Projected Revenue by Distribution Channel (2024-2029);
(Revenue $ B.N.)
- Distribution Channel Snapshot
- Big Box/Superstores
- Online Channels
- Speciality Furniture Stores
- Others
- U.S.: Projected Revenue by End-User (2024-2029); (Revenue $
B.N.)
- End-User Snapshot
- Residential
- Commercial
CHAPTER – 4: U.S. Garage Furniture Market Prospects &
Opportunities
- U.S. Garage Furniture Market Trends
- U.S. Garage Furniture Market Drivers
- U.S. Garage Furniture Market Constraints
CHAPTER – 5: U.S. Garage Furniture Market Industry
Overview
- U.S. Garage Furniture Market - Competitive
Landscape
- U.S. Garage Furniture Market - Key Players
- U.S. Garage Furniture Market – Other Prominent
Vendors
CHAPTER – 6: Appendix
- Research Methodology
- Abbreviations
- About Arizton
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