The global Kitchen Storage Organization Market is estimated to be valued at US$ 139.77 Mn in 2023 and is expected to exhibit a CAGR of 4.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The kitchen storage organization market deals with products that help organize kitchen items in an efficient way. These include cabinets, drawers, racks, bins, pull-out shelves and others. Proper organization of kitchen utensils and ingredients saves time and effort spent in finding items and keeping the kitchen clutter-free.
Market key trends:
One of the key trends in the kitchen storage organization market is the growing demand for multi-functional and space-saving storage solutions. With decreasing average size of kitchens in modern homes, there is an increased need for efficient storage systems that can accommodate maximum items without taking up additional space. Products offering slide-out shelves, stackable containers, adjustable dividers and collapsible designs are gaining popularity. Furthermore, innovations in material such as lightweight plastic and minimalistic designs also contribute to space optimization. Customization capability allowing consumers to rearrange shelves and panels according to their needs is another trend being adopted by manufacturers.
Market Key Trends:
The kitchen storage organization market has been witnessing increasing demand for multi-functional and versatile storage solutions. There is a growing trend of customized and smart kitchen storage systems that can efficiently organize items and save space. Manufacturers are focusing on innovative designs such as pull-out shelves, rotating gadget caddies, pull-out pantries, tiered racks, adjustable organizers, etc. which allow maximum utilization of vertical and horizontal space. Furthermore, the rising popularity of DIY home storage projects on social media and websites has been fueling the demand for modular and customizable storage products.
SWOT Analysis
Strength: Growing demand for space-saving and customized storage solutions. Manufacturers offering versatile, multi-functional products.
Weakness: Higher prices of innovative and customized storage products compared to basic options. Dependence on economic conditions affecting home improvement spending.
Opportunity: Emergence of e-commerce has increased accessibility of diverse product ranges. Growing popularity of home organizing videos and blogs driving ideas.
Threats: Intense competition among existing players. Threat from local and private label brands offering cheaper alternatives.
Key Takeaways
The global Kitchen Storage Organization Market Size is expected to witness high growth, exhibiting CAGR of 4.5% over the forecast period, due to increasing urbanization and shortage of living space in urban households.
Regional analysis: North America represents the largest regional market for kitchen storage organization owing to rising spends on home improvement and remodelling projects in countries like the US and Canada. Asia Pacific is expected to witness fastest growth over the forecast period led by India and China on account of growing middle class population, disposable incomes and changing consumer lifestyles.
Key players operating in the kitchen storage organization are Kitchen Magic, Rev-A-Shelf, Knape & Vogt Manufacturing Company, Enclume Design Products, Kesseböhmer Clever Storage, ShelfGenie Franchise Systems, LLC, Old Dutch International, Anchor Hocking, LLC, Blum Australia Pty Ltd, Inter IKEA Systems B.V., Flywell International Corp, Masterclass Kitchens, and Others. Companies are focusing on launching innovative products with versatile designs catering to various storage requirements of modern kitchens.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it