North America home storage market is experiencing notable growth driven by various factors such as changing consumer lifestyles, urbanization, and increasing awareness of organization and space optimization. Increase in the disposable income of the people and growth in home renovation projects are also key factors which fuels the demand for modern home storage solutions in the region.
Key manufacturers are largely focusing on developing sustainable as well as eco-friendly home storage products to expand the customer base. Moreover, manufacturers are collaborating with other manufacturers or retailers to strengthen their market share and create lucrative home storage market opportunities.
The home storage market offers a broad range of products designed to meet the diverse needs of consumers, available in various sizes, materials, and installation types. These solutions include both wall-mounted and free-standing options, providing flexibility to accommodate different living spaces and organizational requirements. Common materials used in the manufacturing of home storage products include plastic, wood, and metal, ensuring durability, functionality, and aesthetic appeal.
The market extends beyond simply providing storage products; it plays a vital role in enhancing the quality of life by promoting organized, efficient, and functional living environments. As the demand for home storage solutions continues to grow, it creates ample opportunities for innovation and market expansion.
| Attribute | Detail |
|---|---|
| Market Drivers |
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The rapid urbanization of recent years has significantly transformed modern living, driving a substantial increase in demand for home storage solutions. As more people migrate to cities in search of better employment opportunities, education, and amenities, the housing market has struggled to accommodate this influx. The resulting trend of smaller living spaces, such as compact apartments and houses, has emphasized the need for innovative storage solutions to maximize every square foot without compromising organization and functionality.
Additionally, the rise of e-commerce and online shopping has further fueled the demand for home storage products. As consumers acquire more goods without a corresponding increase in living space, the need for efficient and adaptable storage solutions has grown. The availability of a diverse range of storage options enables consumers to select products that meet their dynamic needs, balancing practicality with aesthetic appeal.
This trend is not merely a response to space constraints but also reflects a growing desire for neater and more stress-free living environments. Efficient home storage has become an essential component of the urban lifestyle, addressing the challenges of cluttered spaces and enhancing overall quality of life.
As urban living continues to shape consumer preferences, the home storage market is poised for sustained growth. Companies are responding by developing innovative products tailored to the unique demands of urban living, ensuring that the sector remains adaptive and aligned with modern lifestyles.
The growing DIY culture in North America is considerably reshaping the home storage market, reflecting a wider trend toward personalization, sustainability, and self-sufficiency. As homeowners largely seek to optimize their living spaces, the popularity of DIY solutions for home organization has increased.
This movement is fueled by a desire for unique, tailored storage solutions that not only surge aesthetics but also increase functionality. Online platforms and social media channels have played a crucial role in this trend, enabling DIY enthusiasts to share innovative ideas, tutorials, and success stories, thereby inspiring others to embark on their own home improvement projects.
In addition, the rise of eco-consciousness among consumers is pushing for sustainable DIY practices that contribute to the overall growth of the home storage market. Many individuals are now focused on using recycled materials and environmentally friendly products in their projects, aligning with a wider cultural shift towards sustainability.
This trend presents an opportunity for businesses to innovate and expand their offerings by developing eco-friendly storage solutions that appeal to this conscious consumer base. Overall, the interaction between the DIY culture and the home storage market is creating a dynamic environment characterized by creativity, customization, and a keen focus on sustainability, ultimately driving significant growth in North America's home storage sector.
| Attribute | Detail |
|---|---|
| Leading Country | U.S. |
The U.S. is at the forefront of the North American home storage market due to a combination of factors that align with consumer needs and economic conditions. The U.S. has seen a rising trend towards minimalism and organization, with widespread home improvement and organization shows on television exciting consumers to spend in high quality home storage solutions.
Furthermore, continuous expansion of e-commerce in the U.S., the home storage market has also evolved; the wide range of options are now available for consumers to take home through online requests delivered conveniently to their doorsteps.
It not only expands the available choices but also provides price competition and better service to the customers. With these combinations together, economic resilience, innovation, and a strong retail infrastructure, the U.S. is clearly leading the North American home storage market in catering to the needs of this diverse population.
Leading key players operating in the North America home storage industry are focusing on understanding evolving consumer preferences, embracing sustainability, and leveraging technological advancements are well-positioned to capitalize on these opportunities. The dynamic nature of the market encourages businesses to continually innovate to meet the increasing need for smart, sustainable, and stylish home storage solutions.
The Container Store, Wayfair, MasterBrand, inc., Lowe's, Rubbermaid, American WoodMark, Target Brands, Inc., Bed Bath & Beyond, IKEA, ClosetMaid, and others are the prominent North America home storage market manufacturers.
Key players have been profiled in North America home storage market research report based on parameters such as company overview, financial overview, business strategies, product portfolio, business segments, and recent developments.
| Attribute | Detail |
|---|---|
| Market Size Value in 2023 (Base Year) | US$ 45.5 Bn |
| Market Forecast Value in 2034 | US$ 76.6 Bn |
| Growth Rate (CAGR) | 5.0% |
| Forecast Period | 2024-2034 |
| Historical data Available for | 2020-2022 |
| Quantitative Units | US$ Bn for Value and Thousand Units for Volume |
| Market Analysis | North America qualitative analysis includes drivers, restraints, opportunities, key trends, key market indicators, Porter’s Five Forces analysis, value chain analysis, SWOT analysis, etc. Furthermore, at the regional level, qualitative analysis includes key trends, price trends, and key supplier analysis. |
| Competition Landscape |
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| Country Covered |
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| Market Segmentation |
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| Companies Profile |
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| Customization Scope | Available upon Request |
| Pricing | Available upon Request |
North America home storage market was valued at US$ 45.5 Bn in 2023
North America home storage market is anticipated to grow at a CAGR of 5.0% from 2024 to 2034
Increased urbanization and growing DIV culture
Container product type segment held the largest share in 2023
The U.S. held around 70.3% share in 2023
The Container Store, Wayfair, MasterBrand, Inc., Lowe's, Rubbermaid, American WoodMark, Target Brands, Inc., Bed Bath & Beyond, IKEA, ClosetMaid, and others
1. Preface: North America Home Storage Market
1.1. Market Definition and Scope
1.2. Market Segmentation
1.3. Key Research Objectives
1.4. Research Highlights
2. Assumptions
3. Research Methodology
4. Executive Summary
5. Market Overview
5.1. Market Dynamics
5.1.1. Drivers
5.1.2. Restraints
5.1.3. Opportunities
5.2. Key Trends Analysis
5.2.1. Demand Side Analysis
5.2.2. Supply Side Analysis
5.3. Key Market Indicators
5.4. Porter’s Five Forces Analysis
5.5. Value Chain Analysis
5.6. PESTEL Analysis
5.7. Standards & Regulations
5.8. Value Chain Analysis
5.8.1. List of Manufacturers
5.8.2. List of Raw Material Suppliers
5.8.3. List of Distributors
5.8.4. List of Potential Customers
6. U.S. Home Storage Market Analysis and Forecasts
6.1. Country Snapshot
6.2. Demographic Overview
6.2.1. Number of Households
6.3. Brand Share Analysis (%)
6.3.1. Local Brands vs International Brands
6.4. Consumer Buying Behavior Analysis
6.4.1. Preferred Product and Value Spend
6.4.2. Path to Purchase: Paved with Digitization
6.4.3. Brand Loyalty
6.4.4. Quest for Quality
6.4.5. Social Media Sentiment Analysis
6.5. Per Capital Expenditure Assessment
6.6. Price Trend Analysis
6.6.1. Weighted Average Selling Price (USD)
6.6.1.1. Premium Brands vs Economy Brands
6.6.2. Factors Impacting Price
6.7. Market Size and Forecast (Thousand Units) (US$ Bn) by Product Type, 2020-2034
6.7.1. Wardrobes
6.7.2. Cabinets
6.7.3. Drawers
6.7.4. Containers
6.7.5. Others (Shelves, Bags, etc.)
6.8. Market Size and Forecast (Thousand Units) (US$ Bn) by Material, 2020-2034
6.8.1. Plastic
6.8.2. Wood
6.8.3. Metal
6.8.4. Others (Corrugated Cardboards, Paper, etc.)
6.9. Market Size and Forecast (Thousand Units) (US$ Bn) by Installation, 2020-2034
6.9.1. Wall Mounted
6.9.2. Free Standing
6.10. Market Size and Forecast (Thousand Units) (US$ Bn) by Price, 2020-2034
6.10.1. Below US$ 100
6.10.2. US$ 100 - US$ 200
6.10.3. Above US$ 200
6.11. Market Size and Forecast (Thousand Units) (US$ Bn) by Distribution Channel, 2020-2034
6.11.1. Online
6.11.1.1. E-commerce Websites
6.11.1.2. Company-owned Websites
6.11.2. Offline
6.11.2.1. Supermarket/Hypermarket
6.11.2.2. Specialty Stores
6.11.2.3. Other Retail Stores
6.12. Incremental Opportunity Analysis
7. Canada Home Storage Market Analysis and Forecasts
7.1. Country Snapshot
7.2. Demographic Overview
7.2.1. Number of Households
7.3. Brand Share Analysis (%)
7.3.1. Local Brands vs International Brands
7.4. Consumer Buying Behavior Analysis
7.4.1. Preferred Product and Value Spend
7.4.2. Path to Purchase: Paved with Digitization
7.4.3. Brand Loyalty
7.4.4. Quest for Quality
7.4.5. Social Media Sentiment Analysis
7.5. Per Capital Expenditure Assessment
7.6. Price Trend Analysis
7.6.1. Weighted Average Selling Price (USD)
7.6.1.1. Premium Brands vs Economy Brands
7.6.2. Factors Impacting Price
7.7. Market Size and Forecast (Thousand Units) (US$ Bn) by Product Type, 2020-2034
7.7.1. Wardrobes
7.7.2. Cabinets
7.7.3. Drawers
7.7.4. Containers
7.7.5. Others (Shelves, Bags, etc.)
7.8. Market Size and Forecast (Thousand Units) (US$ Bn) by Material, 2020-2034
7.8.1. Plastic
7.8.2. Wood
7.8.3. Metal
7.8.4. Others (Corrugated Cardboards, Paper, etc.)
7.9. Market Size and Forecast (Thousand Units) (US$ Bn) by Installation, 2020-2034
7.9.1. Wall Mounted
7.9.2. Free Standing
7.10. Market Size and Forecast (Thousand Units) (US$ Bn) by Price, 2020-2034
7.10.1. Below US$ 100
7.10.2. US$ 100 - US$ 200
7.10.3. Above US$ 200
7.11. Market Size and Forecast (Thousand Units) (US$ Bn) by Distribution Channel, 2020-2034
7.11.1. Online
7.11.1.1. E-commerce Websites
7.11.1.2. Company-owned Websites
7.11.2. Offline
7.11.2.1. Supermarket/Hypermarket
7.11.2.2. Specialty Stores
7.11.2.3. Other Retail Stores
7.12. Incremental Opportunity Analysis
8. North America Home Storage Market Analysis and Forecasts
8.1. Regional Snapshot
8.2. Demographic Overview
8.2.1. Number of Households
8.3. Brand Share Analysis (%)
8.3.1. Local Brands vs International Brands
8.4. Consumer Buying Behavior Analysis
8.4.1. Preferred Product and Value Spend
8.4.2. Path to Purchase: Paved with Digitization
8.4.3. Brand Loyalty
8.4.4. Quest for Quality
8.4.5. Social Media Sentiment Analysis
8.5. Per Capital Expenditure Assessment
8.6. Price Trend Analysis
8.6.1. Weighted Average Selling Price (USD)
8.6.1.1. Premium Brands vs Economy Brands
8.6.2. Factors Impacting Price
8.7. Market Size and Forecast (Thousand Units) (US$ Bn) by Product Type, 2020-2034
8.7.1. Wardrobes
8.7.2. Cabinets
8.7.3. Drawers
8.7.4. Containers
8.7.5. Others (Shelves, Bags, etc.)
8.8. Market Size and Forecast (Thousand Units) (US$ Bn) by Material, 2020-2034
8.8.1. Plastic
8.8.2. Wood
8.8.3. Metal
8.8.4. Others (Corrugated Cardboards, Paper, etc.)
8.9. Market Size and Forecast (Thousand Units) (US$ Bn) by Installation, 2020-2034
8.9.1. Wall Mounted
8.9.2. Free Standing
8.10. Market Size and Forecast (Thousand Units) (US$ Bn) by Price, 2020-2034
8.10.1. Below US$ 100
8.10.2. US$ 100 - US$ 200
8.10.3. Above US$ 200
8.11. Market Size and Forecast (Thousand Units) (US$ Bn) by Distribution Channel, 2020-2034
8.11.1. Online
8.11.1.1. E-commerce Websites
8.11.1.2. Company-owned Websites
8.11.2. Offline
8.11.2.1. Supermarket/Hypermarket
8.11.2.2. Specialty Stores
8.11.2.3. Other Retail Stores
8.12. Market Size and Forecast (Thousand Units) (US$ Bn) by Country, 2020-2034
8.12.1. U.S.
8.12.2. Canada
8.12.3. Rest of North America
8.13. Incremental Opportunity Analysis
9. Competition Landscape
9.1. Market Players - Competition Matrix (by Tier and Size of Companies)
9.2. Market Share Analysis, 2023
9.3. Company Profiles
9.3.1. The Container Store
9.3.1.1. Company Revenue
9.3.1.2. Business Overview
9.3.1.3. Product Segments
9.3.1.4. Geographic Footprint
9.3.1.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.2. Wayfair
9.3.2.1. Company Revenue
9.3.2.2. Business Overview
9.3.2.3. Product Segments
9.3.2.4. Geographic Footprint
9.3.2.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.3. MasterBrand, inc.
9.3.3.1. Company Revenue
9.3.3.2. Business Overview
9.3.3.3. Product Segments
9.3.3.4. Geographic Footprint
9.3.3.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.4. Lowe's
9.3.4.1. Company Revenue
9.3.4.2. Business Overview
9.3.4.3. Product Segments
9.3.4.4. Geographic Footprint
9.3.4.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.5. Rubbermaid
9.3.5.1. Company Revenue
9.3.5.2. Business Overview
9.3.5.3. Product Segments
9.3.5.4. Geographic Footprint
9.3.5.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.6. American WoodMark
9.3.6.1. Company Revenue
9.3.6.2. Business Overview
9.3.6.3. Product Segments
9.3.6.4. Geographic Footprint
9.3.6.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.7. Target Brands, Inc.
9.3.7.1. Company Revenue
9.3.7.2. Business Overview
9.3.7.3. Product Segments
9.3.7.4. Geographic Footprint
9.3.7.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.8. Bed Bath & Beyond
9.3.8.1. Company Revenue
9.3.8.2. Business Overview
9.3.8.3. Product Segments
9.3.8.4. Geographic Footprint
9.3.8.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.9. IKEA
9.3.9.1. Company Revenue
9.3.9.2. Business Overview
9.3.9.3. Product Segments
9.3.9.4. Geographic Footprint
9.3.9.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.10. ClosetMaid
9.3.10.1. Company Revenue
9.3.10.2. Business Overview
9.3.10.3. Product Segments
9.3.10.4. Geographic Footprint
9.3.10.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
9.3.11. Others
9.3.11.1. Company Revenue
9.3.11.2. Business Overview
9.3.11.3. Product Segments
9.3.11.4. Geographic Footprint
9.3.11.5. Strategic Partnership, Capacity Expansion, New Product Innovation etc.
10. Go To Market Strategy
List of Tables
Table 01: North America Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Table 02: North America Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Table 03: North America Home Storage Market Value (US$ Bn), by Material , 2020-2034
Table 04: North America Home Storage Market Volume (Thousand Units), by Material 2020-2034
Table 05: North America Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Table 06: North America Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Table 07: North America Home Storage Market Value (US$ Bn), by Price, 2020-2034
Table 08: North America Home Storage Market Volume (Thousand Units), by Price 2020-2034
Table 09: North America Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Table 10: North America Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
Table 11: North America Home Storage Market Value (US$ Bn), by Country, 2020-2034
Table 12: North America Home Storage Market Volume (Thousand Units), by Country 2020-2034
Table 13: U.S. Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Table 14: U.S. Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Table 15: U.S. Home Storage Market Value (US$ Bn), by Material , 2020-2034
Table 16: U.S. Home Storage Market Volume (Thousand Units), by Material 2020-2034
Table 17: U.S. Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Table 18: U.S. Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Table 19: U.S. Home Storage Market Value (US$ Bn), by Price, 2020-2034
Table 20: U.S. Home Storage Market Volume (Thousand Units), by Price 2020-2034
Table 21: U.S. Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Table 22: U.S. Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
Table 23: Canada Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Table 24: Canada Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Table 25: Canada Home Storage Market Value (US$ Bn), by Material , 2020-2034
Table 26: Canada Home Storage Market Volume (Thousand Units), by Material 2020-2034
Table 27: Canada Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Table 28: Canada Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Table 29: Canada Home Storage Market Value (US$ Bn), by Price, 2020-2034
Table 30: Canada Home Storage Market Volume (Thousand Units), by Price 2020-2034
Table 31: Canada Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Table 32: Canada Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
List of Figures
Figure 01: North America Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Figure 02: North America Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Figure 03: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2024-2034
Figure 04: North America Home Storage Market Value (US$ Bn), by Material , 2020-2034
Figure 05: North America Home Storage Market Volume (Thousand Units), by Material 2020-2034
Figure 06: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Material , 2024-2034
Figure 07: North America Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Figure 08: North America Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Figure 09: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Installation, 2024-2034
Figure 10: North America Home Storage Market Value (US$ Bn), by Price, 2020-2034
Figure 11: North America Home Storage Market Volume (Thousand Units), by Price 2020-2034
Figure 12: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Price, 2024-2034
Figure 13: North America Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Figure 14: North America Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
Figure 15: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2024-2034
Figure 16: North America Home Storage Market Value (US$ Bn), by Country, 2020-2034
Figure 17: North America Home Storage Market Volume (Thousand Units), by Country 2020-2034
Figure 18: North America Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Country, 2024-2034
Figure 19: U.S. Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Figure 20: U.S. Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Figure 21: U.S. Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2024-2034
Figure 22: U.S. Home Storage Market Value (US$ Bn), by Material , 2020-2034
Figure 23: U.S. Home Storage Market Volume (Thousand Units), by Material 2020-2034
Figure 24: U.S. Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Material , 2024-2034
Figure 25: U.S. Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Figure 26: U.S. Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Figure 27: U.S. Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Installation, 2024-2034
Figure 28: U.S. Home Storage Market Value (US$ Bn), by Price, 2020-2034
Figure 29: U.S. Home Storage Market Volume (Thousand Units), by Price 2020-2034
Figure 30: U.S. Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Price, 2024-2034
Figure 31: U.S. Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Figure 32: U.S. Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
Figure 33: U.S. Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2024-2034
Figure 34: Canada Home Storage Market Value (US$ Bn), by Product Type, 2020-2034
Figure 35: Canada Home Storage Market Volume (Thousand Units), by Product Type 2020-2034
Figure 36: Canada Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Product Type, 2024-2034
Figure 37: Canada Home Storage Market Value (US$ Bn), by Material , 2020-2034
Figure 38: Canada Home Storage Market Volume (Thousand Units), by Material 2020-2034
Figure 39: Canada Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Material , 2024-2034
Figure 40: Canada Home Storage Market Value (US$ Bn), by Installation, 2020-2034
Figure 41: Canada Home Storage Market Volume (Thousand Units), by Installation 2020-2034
Figure 42: Canada Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Installation, 2024-2034
Figure 43: Canada Home Storage Market Value (US$ Bn), by Price, 2020-2034
Figure 44: Canada Home Storage Market Volume (Thousand Units), by Price 2020-2034
Figure 45: Canada Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Price, 2024-2034
Figure 46: Canada Home Storage Market Value (US$ Bn), by Distribution Channel, 2020-2034
Figure 47: Canada Home Storage Market Volume (Thousand Units), by Distribution Channel, 2020-2034
Figure 48: Canada Home Storage Market Incremental Opportunity (US$ Bn), Forecast, by Distribution Channel, 2024-2034
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North America Home Storage Market
