Kitchen Storage Organization Market
Kitchen storage organization products are widely used in residential and commercial sectors. A commercial kitchen requires optimum storage and shelving systems that can withstand extreme temperatures. The commercial kitchen requires wall cupboards & shelves, storage racks, utility carts, and others.
Key players in the market are focused on business expansion by opening new offices, in order to expand their geographical presence. For instance, Kesseböhmer Clever Storage, a designer and manufacturer of kitchen storage organization products, opened its new headquarters in Downtown Wilmington, U.S. in December 2022. The new office is based on 5,000 square feet at 106 Market Street.
Moreover, among regions, Asia Pacific accounted for a significant market share in terms of value in 2022. This is attributed to increasing per capita income and rapid urbanization in emerging economies of Asia Pacific such as China and India that are driving the growth of the kitchen storage organization market in the region.
Market Dynamics
Rising consumer spending in residential construction globally is expected to drive the kitchen storage organization market over the forecast period. For instance, residential construction spending is US$ 473, 687 million in 2022, which increased to US$ 546,136 million in 2022 in the U.S., according to the U.S. Census Bureau.
Moreover, the growing adoption of strategies by key players such as acquisitions is expected to boost the growth of the kitchen storage organization market in terms of value. For instance, in December 2022, Kesseböhmer Clever Storage, a designer and manufacturer of kitchen storage organization products acquired Rockenhausen, a leading designer and manufacturer of kitchen cabinet and drawer accessories. The acquisition aimed to expand Kessembohmer’s product portfolio into the drawer fitting segment.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Detailed Segmentation:
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