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dublin, March 8, 2024 /PRNewswire/ — The “U.S. Kitchen Organizer Market – Focused Insights 2024-2029” report has been added to ResearchAndMarkets.com Dedication.
The U.S. kitchen storage box market valuation is $20.29 billion By 2023, it is expected to reach $23.59 billion By 2029, the compound annual growth rate from 2023 to 2029 will be 2.54%
Increasing Demand from the Hospitality Industry: Demand from the hospitality industry is one of the key drivers of kitchen organizers in the U.S. for a variety of reasons, including an increase in short-term stays, growth in vacation rentals, focus on amenities and guest experience, focus on cleanliness emphasis and hygiene, increasing differentiation and competition, and the need for sustainable practices.
The rise of platforms like Vrbo and Airbnb has led to a surge in vacation rentals. The kitchens of such properties are smaller, taking into account the requirement for space-saving and efficient organizational solutions. It creates a need for versatile, compact organizers that enhance the guest experience by maximizing storage capacity. Kitchen organizers are in high demand in American hotels and restaurants. According to the American Hotel and Lodging Association, U.S. hotel occupancy rates will increase by 9% in 2022. This drives the demand for kitchen organizers in the United States during the forecast period.
Rising focus on home improvement activities: The growing focus on home improvement activities is one of the major drivers of the U.S. kitchen organizer market due to several reasons, including increase in home value, increase in disposable income, enhanced efficiency and functionality, space utilization and optimization, as well as the growing demand for personalization. As people spend more time at home, they spend more on home improvement activities.
According to the Joint Center for Housing Research Harvard UniversityAmericans pay more than $500 billion Per year. Among the home improvement events, the trend of creating an organized kitchen is on the rise. It increases the value of the home. Many homeowners implement and design their kitchens with the help of creative and ready-made organizers. This drives the demand for kitchen organizers in the United States during the forecast period.
The US Kitchen Organizers market report contains exclusive data of 32 vendors. Jones Plastic and Engineering Company, LLC, Knape & Vogt, Neighborly, Inc., newell brand, The Container Store and The Home Depot are the leaders with high market penetration. Well-established brands in the kitchen organizers market are known for offering durable and affordable organizers as well as basic organizers for a variety of space optimization solutions. They provide high quality and innovative solutions to meet the needs of the high-end and mid-range markets.
US Kitchen Organizer Market Insights
- The drawer and upper and lower cabinet organizer market segments are growing significantly, with the fastest compound annual growth rate during the forecast period being 2.75%. This segment is growing significantly due to the growing focus on kitchen organization, rising popularity of pull-out shelves, rising disposable income, and demand for space optimization solutions.
- Wood is the valuable and fastest-growing materials segment in the U.S. market. Wooden materials are growing due to their sustainable qualities, durability and unique aesthetic appeal. Wood is relatively cheap compared to metal. Therefore, it is an ideal choice for budget-conscious consumers. If a wooden product is properly cared for, it can last for many years. It can be mixed with other materials to add a modern feel.
- The residential segment of the end-user segment dominates the US kitchen organizer market, accounting for over 75% of the market. Americans have more money to spend on home improvement projects. There has been a significant growth in the preference for customization in kitchen organization pieces such as pull-out shelves, pantry organizers, etc. They are investing in durable kitchen organizers that fit their existing kitchen design. This drives the demand for kitchen organizers in the U.S. market during the forecast period.
- Looking at the distribution market segment, online stores have grown significantly, with a compound annual growth rate of up to 3.54% during the forecast period. The market is growing significantly as online stores offer kitchen organizers across a wide range of products at discounted prices. Thanks to promotional offers and price wars, budget-conscious customers can get reasonably priced products. Therefore, people are increasingly inclined to buy kitchen organizers from online stores.
Answers to key questions
- How big is the U.S. kitchen storage box market?
- What is the growth rate of the U.S. kitchen storage box market?
- What are the key drivers of the U.S. kitchen organizer market?
- Who are the key players in the U.S. kitchen organizer market?
supplier list
main suppliers
- Jones Plastic Engineering Co., Ltd.
- Knepp and Vogt
- neighborhood company
- newell brand
- container store
- The Home Depot
Other well-known suppliers
- wardrobe maid
- Haveler
- Helen of Troy Ltd.
- Honey Nectar International Ltd.
- kitchen magic
- Blum Corporation
- action design
- simple man
- Spectrum Diversification Design
- Infertility
- california closet
- Enclosed design products
- feiwei international co., ltd.
- family-centered
- design
- IKEA
- Kittredge Corporation
- Kessebohmer Smart Storage
- kitchen wisdom
- MUJI
- concise approach
- willow
- space aid organization
- umbra
- Yamazaki Home Page
- Eucopia
Segmentation and Forecasting
Product Market Insights (2023-2029)
- Organizers for drawers, upper and lower cabinets
- food pantry organizer
- Countertop organizer
- others
Materials Insights (2023-2029)
- plastic
- Metal
- wood
- others
End User Market Insights (2023-2029)
- Residential
- Catering
- others
Distribution Channel Market Insights (2023-2029)
- Supermarkets and hypermarkets
- Specialty and retail stores
- Online store
For more information about this report, please visit https://www.researchandmarkets.com/r/yhcmlo
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