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Global Garage Organization and Storage Market to reach USD 38.41 billion by the end of 2029

Global Garage Organization And Storage Market Size study&Forecast, by Type (Garage Cabinets, Garage Shelves/Racks, Garage Wall Organization) by Application (Residential, Commercial)and Regional Analysis, 2022-2029

Product Code: OIRHG-92261462
Publish Date: 20-03-2023
Page: 200

Global Garage Organization and Storage Market are valued at approximately USD 21.7 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 7.4% over the forecast period 2022-2029. Garage Organization and Storage is a particular space or area for parking vehicles. It is a personal space for every individual that allows them to free up public space and park vehicles in their respective areas. These spaces or areas are of utmost importance and need as it leads to proper organization and arrangement of personal belongings. Additionally, the growing population and major rise in disposable income is increasing the number of vehicles per head driving the market for garage storage.

There is an enormous rise in the number of vehicles per household over the forecast period. For Instance, India the third-largest road network in the world was reflected with a total number of vehicles of around 295.8 million over the forecasted year with sales of approximately 17 million two-wheelers in 2020. It is also projected to get revenue of about US$ 1929.00bn in 2023 with an annual growth rate of 1.74%. There is also a slight increase in the disposable incomes of individuals every year that drives the demand for vehicles being a necessity for every household. For reference, in November 2022 the United States had an increase in disposable incomes of the individual by 0.4% in a month.Garage organization and storage systems enable them to manage and store their belongings safely keeping the surroundings clean and organized. Moreover, technological upgradation in storage and organization products such as cabinets, shelves, racks and so on enables end users to manage their things effectively and cleanly.However, the high maintenance cost of Garage Organization and Storage stifles market growth throughout the forecast period of 2022-2029.
The key regions considered for the Global Garage Organization and Storage Marketstudy includes Asia Pacific, North America, Europe, Latin America, and Rest of the World.North America is dominating the market for garage organization and storage. This growth is majorly due to the high demand forstorage from households in the U.S. Rising population and the rising needs of every household for transportation and automotive. The growing real estate market that drives consumers towards luxury homes with astonishing furniture and proper space for every belonging raises the demand for garages. Asia Pacific is anticipated to be the fastest-growing region with the highest CAGR over the forecast period. With changing lifestyles every individual dreams of better earnings and services that further raise the demand for vehicles adding to the growth of garage organization and storage.

Major market player included in this report are:
Gladiator Technology Services, Inc.
GarageTek Inc.
Sterilite Corp.
Stanley Black & Decker, Inc.
Lowe’s Companies Inc,
ClosetMaid Corp.
Rubbermaid Commercial Products LLC
Alpha Guardians Private Limited
Cannon Safe Inc.
Monkey Bar Storage Company

Recent Developments in the Market:
 In April 2022, Bulldog Garage Products launched new products such as epoxy, garage cabinet storage systems and so on.
 In November 2021, Gladiator launched a new storage cabinet with 7 drawers. This new launch accommodates workshops and heavy duty storage.
Global Garage Organization And Storage Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Type, Application, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and Type offerings of key players. The detailed segments and sub-segment of the market are explained below:
By Type:
Garage Cabinets
Garage Shelves/Racks
Garage Wall Organization
By Application:
By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Garage Organization and Storage Market, by Region, 2019-2029 (USD Billion)
1.2.2. Garage Organization and Storage Market, by Type, 2019-2029 (USD Billion)
1.2.3. Garage Organization and Storage Market, by Application, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Garage Organization and Storage Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Garage Organization and Storage Market Dynamics
3.1. Garage Organization and Storage Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Increasing number of vehicle owner. Rising Disposable Income.
3.1.2. Market Challenges High Maintenance Cost of Garage Organization And Storage
3.1.3. Market Opportunities Advancements in Formulation. Need for clean surroundings.
Chapter 4. Global Garage Organization and Storage Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Investment Adoption Model
4.5. Analyst Recommendation & Conclusion
4.6. Top investment opportunity
4.7. Top winning strategies
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Garage Organization and Storage Market, by Type
6.1. Market Snapshot
6.2. Global Garage Organization and Storage Market by Type, Performance – Potential Analysis
6.3. Global Garage Organization and Storage Market Estimates & Forecasts by Type 2019-2029 (USD Billion)
6.4. Garage Organization and Storage Market, Sub Segment Analysis
6.4.1. Garage Cabinets
6.4.2. Garage Shelves/Racks
6.4.3. Garage Wall Organization
Chapter 7. Global Garage Organization and Storage Market, by Application
7.1. Market Snapshot
7.2. Global Garage Organization And Storage Market by Application, Performance – Potential Analysis
7.3. Global Garage Organization And Storage Market Estimates & Forecasts by Application 2019-2029 (USD Billion)
7.4. Garage Organization And Storage Market, Sub Segment Analysis
7.4.1. Residential
7.4.2. Commercial
Chapter 8. Global Garage Organization and Storage Market, Regional Analysis
8.1. Garage Organization and Storage Market, Regional Market Snapshot
8.2. North America Garage Organization and Storage Market
8.2.1. U.S. Garage Organization and Storage Market Type breakdown estimates & forecasts, 2019-2029 Application breakdown estimates & forecasts, 2019-2029
8.2.2. Canada Garage Organization and Storage Market
8.3. Europe Garage Organization and Storage Market Snapshot
8.3.1. U.K. Garage Organization and Storage Market
8.3.2. Germany Garage Organization and Storage Market
8.3.3. France Garage Organization and Storage Market
8.3.4. Spain Garage Organization and Storage Market
8.3.5. Italy Garage Organization and Storage Market
8.3.6. Rest of Europe Garage Organization and Storage Market
8.4. Asia-Pacific Garage Organization and Storage Market Snapshot
8.4.1. China Garage Organization and Storage Market
8.4.2. India Garage Organization and Storage Market
8.4.3. Japan Garage Organization and Storage Market
8.4.4. Australia Garage Organization and Storage Market
8.4.5. South Korea Garage Organization and Storage Market
8.4.6. Rest of Asia Pacific Garage Organization and Storage Market
8.5. Latin America Garage Organization and Storage Market Snapshot
8.5.1. Brazil Garage Organization and Storage Market
8.5.2. Mexico Garage Organization and Storage Market
8.6. Rest of The World Garage Organization and Storage Market

Chapter 9. Competitive Intelligence
9.1. Top Market Strategies
9.2. Company Profiles
9.2.1. Gladiator Technology Services, Inc. Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
9.2.2. GarageTek Inc.
9.2.3. Sterilite Corp.
9.2.4. Stanley Black & Decker, Inc.
9.2.5. Lowe’s Companies Inc,
9.2.6. ClosetMaid Corp.
9.2.7. Rubbermaid Commercial Products LLC
9.2.8. Alpha Guardians Private Limited
9.2.9. Cannon Safe Inc.
9.2.10. Monkey Bar Storage Company
Chapter 10. Research Process
10.1. Research Process
10.1.1. Data Mining
10.1.2. Analysis
10.1.3. Market Estimation
10.1.4. Validation
10.1.5. Publishing
10.2. Research Attributes
10.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
We are dedicated to clearly communicating the purpose and objectives of each research project in the final deliverables. Our process begins by identifying the specific problem or challenge our client wishes to address, and from there, we establish precise research questions that need to be answered. To gain a comprehensive understanding of the subject matter and identify the most relevant trends and best practices, we conduct an extensive review of existing literature, industry reports, case studies, and pertinent academic research.
Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
After conducting the research, our experts analyze the findings in relation to the research objectives and the specific needs of the client. They generate valuable insights and recommendations that directly address the client’s business challenges. These insights are carefully connected to the research findings to provide a comprehensive understanding.
Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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