Office Storage & Organization Market Size, Share, Growth, and Industry Analysis by Type (Normal Office Storage Cabinet and Mobile Shelving for Office) By Application (Direct Sales and Indirect Sales) Regional Forecast to 2028

Updated On: 20 November 2023

REPORT OVERVIEW

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The global office storage & organization market size was USD 3432 million in 2021. As per our research, the market is expected to reach USD 5652.6 million in 2028, exhibiting a CAGR of 7.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre- pandemic levels once the pandemic is over.

The office storage and organization market include products and solutions designed to help individuals and organizations efficiently store, organize, and manage their documents, files, and other materials. This market includes a wide range of products, from simple desk organizers to complex storage systems and software solutions.

The market for office storage and organization products is driven by the need to improve productivity, reduce clutter, and increase efficiency in the workplace. As more and more organizations adopt digital technologies, the demand for solutions that integrate with electronic systems is also on the rise.

Some of the key products in the office storage and organization market include filing cabinets, desk organizers, bookshelves, storage boxes, and software solutions for document management and workflow automation. There are also a variety of specialized solutions for specific industries or use cases, such as medical record storage systems or inventory management software.

COVID-19 Impact: Supply Chain Disruptions to Limit the Market Demands

The pandemic has led to an increased emphasis on cleanliness and hygiene in the workplace. This has resulted in a greater demand for storage solutions that are easy to clean and sanitize, such as plastic storage containers. On the other hand, the pandemic has also caused disruptions in the supply chain and manufacturing of office storage and organization products. This has led to shortages of certain products and increased prices for others.

Overall, the COVID-19 pandemic has had both positive and negative impacts on the office storage and organization market, with a greater emphasis on home office organization and cleanliness in the workplace, but also disruptions in the supply chain and manufacturing.

LATEST TRENDS

"Modular and Flexible Storage to Augment the Market Growth"

Many companies are focusing on eco-friendly and sustainable office storage and organization solutions. This includes products made from recycled materials, products designed for easy recycling at the end of their life, and products that minimize waste. Modular and flexible office storage solutions are becoming increasingly popular. These systems allow businesses to easily adapt to changing needs and reconfigure their storage space as needed. The integration of technology into office storage and organization solutions is also on the rise. This includes features like wireless charging stations, USB ports, and smart storage systems that use sensors and algorithms to optimize storage space. Businesses are also looking for more customization options when it comes to their office storage and organization solutions. This includes the ability to choose from a variety of materials, colors, and finishes to match their branding or office decor.

Segmentation

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• By Type Analysis

By type, market is segmented into normal office storage cabinet and mobile shelving for office. The normal office storage cabinet type segment will dominate the market in the coming years.

• By Application Analysis

Based on applications, the market is classified into direct sales and indirect sales. The direct sales segment will lead the global share through 2028.

DRIVING FACTORS

"Growing Trend of Remote Work to Push the Market"

As office spaces become more expensive and limited, businesses are looking for ways to maximize their available space. Efficient and space-saving storage solutions are in high demand, such as vertical file cabinets, compact shelving units, and desk organizers. With the rise of remote work and the need for home offices, the demand for home office storage and organization solutions has increased significantly. This includes portable filing systems, wall-mounted shelves, and other compact storage options. Many companies are now placing greater emphasis on sustainability and eco-friendliness. This has led to the development of sustainable office storage and organization solutions, such as those made from recycled materials or those designed for long-term use.

"Rise in e-commerce to Boost the Market Growth"

The use of digital storage solutions has become more widespread in recent years, but physical storage solutions are still necessary. Advancements in technology have led to the development of innovative and convenient storage solutions, such as modular storage systems and smart storage solutions that can be controlled through mobile devices.

The growth of e-commerce has led to an increase in demand for office storage and organization products, as more businesses and individuals shop online for these items. This has also led to greater competition and innovation in the market.

RESTRAINING FACTORS

"Economic Downturn to Slow the Market Growth "

The rapid pace of technological advancements can also be a challenge for the office storage and organization market. With the rise of digital storage solutions, physical storage solutions may become less relevant. During an economic downturn, companies may cut costs by reducing their investment in storage and organization products. This can lead to a decline in demand for these products. The increasing environmental concerns can also be a hindrance to the growth of the office storage and organization market. With the focus on sustainability, companies may prefer eco-friendly storage solutions over traditional ones, leading to a shift in demand.

REGIONAL INSIGHTS

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"North American Market to Grow Exponentially with the Forecasted Period"

North America is the largest market for office storage and organization products. The market is driven by the increasing adoption of modern and innovative storage solutions in offices, such as modular storage systems and custom-designed storage solutions. The demand for sustainable and eco-friendly storage solutions is also increasing in this region.

The office storage and organization market in Asia-Pacific is expected to grow at the highest rate during the forecast period. The growth in this region is driven by the increasing number of startups and small businesses that are adopting modern and innovative storage solutions to optimize their workspace. The demand for cost-effective storage solutions is also high in this region.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead in the competition. Many companies are also investing in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• HNI Corporation (U.S.)
• Herman Miller (U.S.)
• Steelcase Inc. (U.S.)
• Kokuyo (Japan)
• Godrej (India)
• Spacesaver Corporation (U.S.)
• Montel Inc. (Canada)

REPORT COVERAGE

The market research study examines the worldwide market in detail, focusing on important elements such as leading players, product/services or type, and leading end-use applications. Aside from that, the research analyses major advancements and provides insights into lighting market trends. In addition to the causes indicated above, the paper includes a number of other factors that have contributed to recent growth.