United States Home Organizers and Storage Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

United States Home Organizers and Storage Market - Growth, Trends, Covid-19 Impact, and Forecasts (2023 - 2028)

The rising trend of work from home is likely to drive the demand for the home organizers and storage products market. Due to the COVID-19 pandemic, work from home trend has made people in United States focus more on home renovations and decorations. Many of them created workspace with new organizers and storage products. E-commerce sales for these products have increased due to pandemic.

All product trends and sales in United States home organizers and storage products market are driven by the fact that Americans have a lot of, and many consider too much stuff. A strong trend has emerged that preaches simplicity, minimalism and control of clutter. The increasing numbers of households coupled with the rising level of disposable income of people are some of the factors driving the home organizers and storage products market. Other significant factors such as the rise in awareness, growing consumer acceptance and changing lifestyles will accelerate the market growth rate. Furthermore, an upsurge in the strong demand for various end-use industries will positively impact the market’s growth rate. Additionally, developing the home installations business and increase in the fraction of families will cushion the growth rate of the market. Also, the growing utilization of specialized and customized products will further increase the demand for home organizers and the storage market.

A major driver that is predicted to drive the demand for home organizers and storage products in United States is the increasing disposable income. ​It has been observed that people's disposable income in United States has been increasing year over year.​ In 2019, Americans had a total disposable personal income of USD 15.74 trillion. In the same year, per capita, personal disposable income was USD 47,763.​ With the increasing personal disposable income, consumers tend to buy more home goods. ​During periods of increased affluence, consumers prefer to replace products more frequently and switch to more expensive, high-quality products.​ As the consumer becomes more aware of innovations in the market, the demand for high-end products may rise. ​

The demand for home organizers and storage is likely to rise over the forecast period, owing to an increase in existing house sales and housing starts in United States.​ Additionally, in the short term, rising home renovation activities in the country may stimulate market demand.​The home improvement industry in United States is stronger than it has been in over ten years, and it includes the sale of building materials, appliances, décor, and other home enhancements, along with the services provided by contractors, tradespeople, and other workers who assist in the construction, installation, modification, and upgrade of homes.​ The business of homeownership represents a significant portion of United States economy.​ With a nationwide housing shortage and record-high home prices, more homeowners in United States prefer to stay in their homes rather than relocate or upgrade to new ones.​

The market, composed of hundreds of primarily small, privately held manufacturers and marketers, is highly fragmented with numerous companies having small market shares. It also explains their strategic moves in the past few years, investments in product innovation, and changes in leadership to stay ahead in the competition.

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