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Market Research Report
HOME ORGANIZATION PRODUCTS to 2013 (US industry forecasts for 2013 & 2018)
| Published by |
The Freedonia Group |
| Published |
July, 2009 |
Product code |
92379 |
| Content info |
248 PAGES |
| Price |
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This publication has been discontinued on June 29, 2011.
Below is the updated product.
Published: June, 2011
Product code: 203161
Abstract
US home organization product demand to grow 4.3% yearly through 2013
Demand for home organization products in the US will rise 4.3 percent annually
to $8.9 billion in 2013. Many consumers are investing in home organization
products as a means of bringing some order into their homes and lives as a
counterbalance to the chaos they perceive in the larger world around them.
Additionally, modern dual-income families do not have as much time to spend on
housekeeping as did previous generations.
Demographic trends will also boost sales. For instance, as baby boomers become
empty-nest families and move to smaller homes, they will look for ways to
organize their possessions in these spaces. Also, the children of the baby
boom cohort are moving into dorm rooms and first apartments, many of which are
also small spaces that require organization products for comfortable living.
Furthermore, the rising number of children under five years old will drive
interest in organization products designed for them.
A growing number of new homes do not have unfinished indoor storage spaces
such as attics or basements so homeowners turn to organization products to
maximize the space they have. Furthermore, as sales of existing homes rebounds
from 2008 levels, many homeowners looking to sell will invest in built-in
organization systems to differentiate their homes from others on the market.
Modular units to be fastest growing home organization product
Bins, baskets and totes accounted for the largest share of home organization
product sales in 2008, with 38 percent of the total market. These products,
which can be decorative or purely functional, are widely used in most
households to store and organize belongings of all sizes.
However, sales of modular units are forecast to post the strongest growth
through 2013, benefitting from the adaptability of these systems to a
homeowner' s changing needs; in particular, consumers will continue to show
interest in modular closet, garage and pantry systems. The development of
modular systems tailored to other areas of the home will also provide
opportunities.
Metal, wire products will remain largest material type
In 2008, metal and wire home organization products accounted for the largest
share of sales by material type. These products are also expected to post
above average gains through 2013, benefitting from strong growth in sales of
modular units such as closet systems, pantry systems, garage systems and
cabinetry organization accessories. However, demand for wood and laminate
materials is expected to post the strongest gains, supported by strong
increases in modular units and shelving, including higher-end closet systems
that resemble furniture.
Garage applications to register strongest gains
Sales of home organization products for use in garages are expected to post
the strongest gains through 2013, supported by the growing number of homes
that feature three-car or larger garages and by consumers' desire to better
organize this large storage space. However, bedrooms and closets are expected
to continue to utilize the most home organization products of any area of the
home.
Study coverage
This new Freedonia industry study, Home Organization Products, presents
historical demand data (1998, 2003, 2008) as well as forecasts for 2013 and
2018 by material, product and application. The study also considers market
environment factors, evaluates market share data and profiles 35 industry
competitors.
Table of Contents
INTRODUCTION
I. EXECUTIVE SUMMARY
II. MARKET ENVIRONMENT
- General
- Macroeconomic Environment
- Demographic Trends
- Consumer Trends
- Personal Income & Expenditures
- Consumer Financing
- Residential Building Construction
- Housing Completions
- Housing Stock
- Improvements & Repairs
- Pricing
- Foreign Trade
- World Market
III. MATERIALS
- General
- Metal & Wire
- Plastic
- Wood
- Wicker, Rattan & Other
- Wicker, Rattan & Other Weaves
- Canvas & Other
- Suppliers
IV. PRODUCTS
- General
- Bins, Baskets & Totes
- Materials
- Rooms
- Suppliers
- Shelving
- Materials
- Rooms
- Suppliers
- Modular Units
- Materials
- Rooms
- Suppliers
- Hanging Storage
- Materials
- Rooms
- Suppliers
- Accessories & Other
- Materials
- Rooms
- Suppliers
V. ROOMS
- General
- Bedrooms & Closets
- Family Rooms
- Garages
- Pantries & Kitchens
- Bathrooms & Utility Rooms
VI. MARKETS
- General
- Do-It-Yourself
- Professional Installation
VII. INDUSTRY STRUCTURE
- General
- Industry Composition
- Market Share
- Competitive Strategies
- Distribution
- Marketing
- Acquisitions & Divestitures
- Cooperative Agreements
COMPANY PROFILES
- Akro-Mils Incorporated, see Myers Industries
- Amco Houseworks LLC, see Focus Products Group
- Ameriwood Industries, see Dorel Industries
- California Closets Company Incorporated, see FirstService
- Closet & Storage Concepts
- ClosetMaid Corporation, see Emerson Electric
- Contemporary Closet Classics LLC
- Designer Garage Incorporated
- Dorel Industries Incorporated
- E-Z DO Incorporated
- Easy Track, see Windquest
- Elfa International AB
- Emerson Electric Company
- FirstService Corporation
- Flambeau Incorporated
- Focus Products Group LLC
- Fortune Brands Incorporated
- GarageTek Incorporated
- Genuine Parts Company
- Gracious Living Corporation
- Haefele GmbH & Company KG
- Hirsh Industries Incorporated
- Home Products International Incorporated
- Illinois Tool Works Incorporated
- Industrial Wire Products Incorporated
- InterDesign Incorporated
- InterMetro Industries Corporation, see Emerson Electric
- ITW Minigrip Consumer Products, see Illinois Tool Works
- ITW Space Bag, see Illinois Tool Works
- Jarden Corporation
- Knape & Vogt Manufacturing Company
- Lehigh Group, see Jarden
- Myers Industries Incorporated
- Newell Rubbermaid Incorporated
- ORG Custom Closets, see Windquest
- Organized Living Limited, see SCHULTE
- Pacific Closet Works Limited
- Plano Molding Company
- Pro-Mart Industries Incorporated
- Racor Incorporated, see Illinois Tool Works
- Rubbermaid Food and Home Products, see
- Newel Rubbermaid
- Sauder Woodworking Company
- SCHULTE Corporation
- Sensible Storage LLC, see Focus Products Group
- SP Richards Company, see Genuine Parts
- Spectrum Diversified Designs Incorporated
- Stack-A-Shelf, see Emerson Electric
- Sterilite Corporation
- StoreWALL LLC
- Studio RTA, see Sauder Woodworking
- Warmrails Incorporated, see Focus Products Group
- Waterloo Industries Incorporated, see Fortune Brands
- Whirlpool Corporation
- Whitney Design Incorporated
- Windquest Companies Incorporated
- Other Home Organization Companies
LIST OF TABLES
SECTION I -- EXECUTIVE SUMMARY
SECTION II -- MARKET ENVIRONMENT
- 1 Macroeconomic Indicators
- 2 Population & Households
- 3 Personal Consumption Expenditures
- 4 Consumer Financing Environment, 1998-2008
- 5 Residential Building Construction Expenditures
- 6 New Housing Indicators
- 7 Housing Stock by Type
- 8 Residential Improvement & Repair Expenditures
SECTION III -- MATERIALS
- 1 Home Organization Product Demand by Material
- 2 Metal & Wire Home Organization Product Demand
- 3 Plastic Home Organization Product Demand
- 4 Wood Home Organization Product Demand
- 5 Demand for Home Organization Products Made from Wicker, Rattan & Other
Materials
SECTION IV -- PRODUCTS
- 1 Home Organization Product Demand by Type
- 2 Bin, Basket & Tote Demand
- 3 Shelving Demand
- 4 Modular Unit Demand
- 5 Hanging Storage Demand
- 6 Home Organization Accessory & Other Product Demand
SECTION V -- ROOMS
- 1 Home Organization Product Demand by Room
- 2 Bedrooms & Closets: Home Organization Product Demand
- 3 Family Rooms: Home Organization Product Demand
- 4 Garages: Home Organization Product Demand
- 5 Pantries & Kitchens: Home Organization Product Demand
- 6 Bathrooms & Utility Rooms: Home Organization Product Demand
SECTION VI -- MARKETS
- 1 Home Organization Product Demand by Market
- 2 Do-It-Yourself Market for Home Organization Products
- 3 Professional Installation Market for Home Organization Products
SECTION VII -- INDUSTRY STRUCTURE
- 1 US Home Organization Product Sales by Company, 2008
LIST OF CHARTS
SECTION II -- MARKET ENVIRONMENT
- 1 Year of Construction of Housing Stock, 2008
SECTION III -- MATERIALS
- 1 Home Organization Product Demand by Material, 2008
SECTION IV -- PRODUCTS
- 1 Home Organization Product Demand by Type, 2008
- 2 Average Spending on Home Organization Products by Type
- 3 Bin, Basket & Tote Demand by Material, 2008
- 4 Shelving Demand by Material, 2008
- 5 Modular Unit Demand by Material, 2008
- 6 Hanging Storage Demand by Material, 2008
- 7 Home Organization Accessory & Other Product Demand by Material, 2008
SECTION V -- ROOMS
- 1 Home Organization Product Demand by Room, 2008
- 2 Average Spending on Home Organization Products by Room
SECTION VI -- MARKETS
- 1 Home Organization Product Demand by Market & Room
SECTION VII -- INDUSTRY STRUCTURE
- 1 Home Organization Product Market Share, 2008
- 2 Retail Sales of Home Organization Products, 1998-2008
US DEMAND FOR HOME ORGANIZATION PRODUCTS TO REACH $8.9 BILLION IN 2013
July 29th, 2009
Demand for home organization products in the US will increase 4.3 percent annually to $8.9 billion in 2013. As baby boomers become empty-nest families and move to smaller homes, they will look for ways to organize their possessions in these spaces. Also, the children of the baby boom generation are moving into dorm rooms and first apartments. The sharp downturn in the housing market in 2007 and 2008 also caused many homeowners to adjust the way that they spend money on their homes, leading many to invest in built-in organization systems either to upgrade homes they plan to stay in or to differentiate homes that are being sold. Preventing even more rapid growth will be the rising commoditization of many home organization products, competition from producers in China and other low manufacturing cost countries, and the expected decline in prices for many raw materials. These and other trends are presented in Home Organization Products, a new study from The Freedonia Group, Inc., a Cleveland-based industry research firm.
Bins, baskets and totes accounted for the largest share of home organization product sales in 2008, with 38 percent of the total market. These products, which can be decorative or purely functional, are widely used in most households to store and organize belongings of all sizes. However, sales of modular units are expected to post the strongest gains. The ongoing interest in organizing closets and garages where the majority of these systems are used -- will benefit sales of modular units.
Sales of home organization products for use in garages are expected to post the strongest gains through 2013. To some degree, this reflects the relative immaturity of the garage storage market. Sales of home organization products for use in closets are also projected to achieve above average growth, supported by the increasing availability of these items in a variety of retail outlets. Value gains will be boosted by high-end closet systems made from solid wood or laminated panels and by the increasing consumer demand for closet systems outside of the master bedroom.
Metal and wire home organization products accounted for the largest share of sales by material type, with just under one-third of the total in 2008. However, demand for wood- and laminate-based products is expected to post the fastest gains over the forecast period.
US HOME ORGANIZATION PRODUCT DEMAND
(million dollars) |
| %Annual Growth |
| Item | 2003 | 2008 | 2013 | 2003-2008 | 2008-2013 |
| Home Organization Prodcuts | 5617 | 7210 | 8900 | 5.1 | 4.3 |
| Bins, Baskets & Totes | 2268 | 2730 | 3170 | 3.8 | 3.0 |
| Shelving | 1415 | 1810 | 2210 | 5.0 | 4.1 |
| Modular Units | 1030 | 1490 | 2050 | 7.7 | 6.6 |
| Hanging Storage | 312 | 370 | 455 | 3.5 | 4.2 |
| Accessories & Other | 592 | 810 | 1015 | 6.5 | 4.6 |
© by The Freedonia Group, Inc.
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