by The global kitchen storage organization Market is estimated to be valued at US$ 133.66 Bn in 2022 and is expected to exhibit a CAGR of 4.57% over the forecast period 2022-2030, as highlighted in a new report published by Coherent Market Insights.
Market Overview:
The kitchen storage organization market comprises products that help organize kitchen cabinets and pantries to efficiently store and access cooking items. This includes pull-out shelves, plate racks, pan organizers, roll-out cabinets, and tiered trays that hold bottles, jars, and cans. These storage solutions aim to maximize storage capacity while keeping items visible and within easy reach. They help homemakers save time and effort while cooking by storing similar items together and allowing quicker retrieval. The rising preference for customized storage as per individual cabinet size and household needs is fueling demand.
Market Key Trends:
A key trend spurring growth in the kitchen storage organization market is the rising demand for custom solutions tailored to customers’ unique storage spaces. Cabinet sizes and configurations vary widely across kitchens, necessitating customization. Leading manufacturers now offer 3D rendering and design services to develop made-to-measure solutions. Another factor driving the market is the growing popularity of DIY storage upgrades. Videos and tutorials online have inspired Do-It-Yourself renovations and storage makeovers among homeowners, benefiting retail sales. Furthermore, multipurpose accessories that perform multiple functions rather than single-use items are gaining traction due to convenience and space efficiency. For instance, racks, inserts and baskets with adjustable dividers can hold varying container sizes.
Porter’s Analysis
Threat of new entrants: Low startup costs allow for easy entry into the Kitchen Storage Organization Market. However, established brands have strong brand loyalty and supply chain management which creates barriers.
Bargaining power of buyers: Buyers have high bargaining power due to the availability of substitutes. They can easily switch to alternatives based on pricing and deals.
Bargaining power of suppliers: A few global suppliers dominate the market. This gives them control over pricing and supply of raw materials.
Threat of new substitutes: Substitute products includeshelving racks, organizers from other material like plastic, wood. Technology advances can disrupt storage solutions.
Competitive rivalry: Strong competition exists among existing players. They compete on innovation, quality, deals and promotions.
Key Takeaways
The global kitchen storage organization market is expected to witness high growth, exhibiting CAGR of 4.57% over the forecast period, due to increasing urbanization and smaller living spaces. Rapid migration to cities has increased demand for space-saving solutions.
Regional analysis: North America dominates the market owing to huge demand for smart kitchen appliances and homes. Developing regions in Asia Pacific are expected to grow at the fastest pace led by China, India with rising disposable incomes and trend of nuclear families. Western Europe remains another lucrative region.
Key players operating in the kitchen storage organization market are Kitchen Magic, Rev-A-Shelf, Knape & Vogt Manufacturing Company, Enclume Design Products, Kesseböhmer Clever Storage, ShelfGenie Franchise Systems, LLC, Old Dutch International, Anchor Hocking, LLC, Blum Australia Pty Ltd, Inter IKEA Systems B.V., Flywell International Corp, Masterclass Kitchens, and Others. Key players focus on product innovations catering to various storage needs.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
