Garage Storage Organization System Market Size, Share, Growth, and Industry Analysis by Type (Garage Cabinets, Garage Shelves & Racks, Garage Wall Organization, and Others) By Application (Residential and Commercial), Regional Insights, and Forecast To 2031

Updated On: 20 November 2023

GARAGE STORAGE ORGANIZATION SYSTEM MARKET REPORT OVERVIEW

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global Garage Storage Organization System size was USD 984.8 million in 2022 and market is projected to touch USD 1476.2 million by 2031 at CAGR 4.6%.

The global COVID-19 pandemic has been unprecedented and staggering, with Garage Storage Organization System experiencing lower-than-anticipated demand across all regions compared to pre-pandemic levels.

Garage storage options include workbenches, cabinets, shelves, wall systems, and more to help keep equipment organized, safe, and prepared for use. Users can store and manage their possessions efficiently in their garage with the help of garage storage organization systems. Customers may efficiently store a variety of objects with the help of these products, and the garage area is kept tidy and presentable. The garage in a standalone home has changed over time from a simple place to park a car to a sizable storage area that can carry several other vehicles, equipment, and tools used for both leisure and work. Motorcycles, bicycles, golf carts, all-terrain vehicles (ATVs), small boats, surfboards, and skateboards are a few of the most typical vehicles that are typically kept in garages aside from cars.

Additionally, users find it convenient to store their lawn mowers and other lawn equipment in the garage itself because it offers direct access to the house's garden and lawn areas. Furthermore, end users choose to store a variety of lawn tools and supplies, including fertilizers, seeds, trimmers, shovels, rakes, weed eaters, leaf blowers, power tools, replacement parts, and other upkeep items. Effective garage storage solutions are becoming more and more necessary as a result of the necessity to store such a diverse range of automobiles, equipment, and supplies. Users can easily separate their possessions in an ideal and practical way with the help of garage storage organization systems.

COVID-19 Impact: Halt on Manufacturing Operations to Slower Market Growth

The World Health Organization has declared a public health emergency as a result of the disease's global expansion since the COVID-19 viral outbreak. Nearly 100 countries have been affected. The backbone of technology providers, small and medium-sized businesses, has seen a sharp decline in revenue since the pandemic's debut in 2020. As a result of the supply chain disruptions, market players faced several difficulties. The garage storage organization system market will be considerably impacted in 2020 as a result of the global effects of the coronavirus disease COVID-19.

LATEST TRENDS

"Improvement in Automobile Sector to Boost Market Growth"

The use of cars and the number of vehicles on the road have a big impact on the demand for garages and related services. Convenient location and marketing techniques are some of the key variables affecting each company's prosperity. The market for garage storage organization systems is experiencing a positive impact as a result of the expanding technical improvements and advancements in the automotive sector. There is a tendency toward an increase in the number of customized cars that are technologically advanced, networked, and equipped with driver-assist features that prevent accidents and human error, ultimately lowering the need for maintenance.

GARAGE STORAGE ORGANIZATION SYSTEM MARKET SEGMENTATION 

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• By Type Analysis

As per the type, the market is classified as follows: Garage Cabinets, Garage Shelves & Racks, Garage Wall Organization, and Others. The Garage cabinets are the major segment in the garage storage organization system market share.

• By Application Analysis

Based on application, the market is segmented as follows: Residential and Commercial. Residential is the leading segment in garage storage organization system market share.

DRIVING FACTORS

"Advantages of Garage Storage Organization system to Facilitate Market Development"

The market expansion is predicted to be aided by the several advantages of garage storage organization systems, such as enhanced safety, reduced clutter, and greater house value. In addition, garage storage organization systems provide space and security to safeguard a variety of goods and tools rather than placing them on the floor or a shelf where they could be easily accessed. Additionally, these devices offer protection for households with young children. Additionally, it frees up additional space for garages by clearing out messes in the ones that take up the most room. Thus, these advantages are anticipated to increase demand for the garage storage organization system market during the projected period.

"Utilization in Home and Business Sector to Promote Industry Progress"

To make the best use of available space, factors like accessibility and separate compartments for storing particular tools and equipment are combined. Garage storage organization systems are frequently utilized in both home and business settings. Such goods are widely used in several motorbikes and automobile factories in the business sector. While doing repairs and maintenance on the car, personnel may easily reach a variety of tools and supplies thanks to the use of such goods. To provide comfort and ease of storage to their users, many rental and commercial parking garages also use organizing and storage goods.

RESTRAINING FACTORS

"Fluctuation in Price of Raw Materials to Hinder Market Growth"

The primary market limitations that prevent the garage storage organization system market growth throughout the projection period are the fluctuating price of raw materials and a lack of knowledge about storage systems. Garage storage organization systems are getting more expensive every year. This is a result of a global shortage of garage storage organization systems and a high demand for them. Due to the scarcity of raw resources like metals, iron, steel, and others, the prices of garage storage organization systems have remained high in North America and other regions.

GARAGE STORAGE ORGANIZATION SYSTEM MARKET REGIONAL INSIGHTS

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"Increase in Demand to Propel Market Progress in North America"

Due to the rising construction activities in the countries, North America dominates the garage storage organization system market. In 2021, North America held the highest share, and during the projected period, this trend is likely to hold. This is a result of the presence of well-known actors, the adoption of cutting-edge technologies, and a surge in home improvement activities. Manufacturers are also concentrating their efforts on developing new goods that are easy for homeowners and office workers to use. Additionally, the pricing of garage storage organization system solutions in North America showed erratic behavior because of the region's conflicting market attitudes.

KEY MARKET PLAYERS

"Market Players Focus on New Product Launches to Strengthen Market Position"

Leading players in the market are adopting various strategies to expand their presence in the market. These include R&D investments and the launch of new, technologically-advanced products in the market. Some companies are also adopting strategies such as partnerships, mergers, and acquisitions to strengthen their market position.   

List of Market Players Profiled

• Gladiator (Whirlpool Corporation) (U.S.)
• GarageTek (U.S)
• ClosetMaid (U.S)
• Rubbermaid (U.S)
• Sterilite (U.S)
• Stack-On (Alpha Guardian) (U.S)
• Craftsman (U.S)
• Organized Living (U.S)
• Black and Decker (U.S)
• Fleximounts (U.S)
• Kobalt (U.S)
• Sandusky Lee (U.S)
• Monkey Bars (U.S)
• Seville Classics (U.S)
• NewAge Products (Canada)
• Flow Wall (U.S)
• Prepac Manufacturing (Canada)
• Dateline (U.S)

REPORT COVERAGE

The report covers overall market aspects, including market segmentation based on its type and application. The report depicts a diverse group of participants, including the market and potential market leaders. Major factors that are expected to drive major growth in the market. The factors anticipated to expand the market share are also included in the report to offer market insights. The estimated growth of the market in the forecast period is also included in the report. The regional analysis is completed to explain the region's dominance in the global market. The factors hindering the growth of the market are discussed in detail. The SWOT analysis of the market is depicted in the report. It contains all-inclusive market details.