The global kitchen storage organization market was valued at US$ 115,695.7 Mn in 2018, according to Kitchen Storage Organization Market Report, by Product Type ( Cabinet Organizers/Drawer Organizers, Food Storage, Pantry Organizers, Sink & Under Sink, Dinnerware & Serving Storage and Others), Material Type (Plastic, Metal, Glass & Crystal, Wood and Others), by End Use (Residential and Commercial), By Price Range (Premium, Medium and Low), and by Region (North America, South America, Asia Pacific, Europe, and Middle East & Africa) published by Coherent Market Insights

Definition of Market/Industry:

Kitchen storage organization market consists of numerous products such as dinnerware & serving storage, cabinet organizers/drawer organizers, food storage containers, and others, which are available in different material type such as metal, plastic, glass & crystals and others. These products assists in organizing the kitchen to avoid clutter in the kitchen.

Statistics:

Global kitchen storage organization market was valued at US$ 115,695.7 Mn in 2018 and is expected to reach US$ 154,969.5 Mn by 2027, exhibiting a CAGR of 3.3% during 2019-2027.

Drivers: 

Rapid urbanization has led to rising construction and infrastructure activities across the globe. For instance, according to the United Nations' World Urbanization Prospects 2018, 55% of the world population currently lives in urban areas, which is expected to increase to 68% in 2050. Increasing population globally could add another 2.5 billion people to urban areas by 2050, wherein Asia Pacific is expected to account for around 70% of this increase.

Market Restraints

The quality and durability of kitchen storage organizers depend on quality of the materials used in manufacturing kitchen storage organization products. Furthermore, high quality kitchen storage organizations products can be expensive. Many kitchen storage organization products have no or very low warranty period. This, factors in turn, are expected to restrain growth of the kitchen storage organization market, globally. 

Moreover, price of raw materials such as plastic, stainless steel, and others, which are used in manufacturing kitchen storage organization products, are volatile. Fluctuating raw material price is expected to hinder growth of the global kitchen storage organization market over the forecast period.

Key Takeaways:

Among product type, cabinet organizers/drawer organizers segment was valued at US$ 59,795.4 Mn in 2018 and is expected to reach US$ 77,541.2 Mn by 2027, exhibiting a CAGR of 3.0% during 2019-2027. This is attributed to rising technologically advanced cabinet organizers/drawer organizers by key players in the global market. For instance, Rev-A-Shelf offers base cabinet pullout for kitchen with electro servo drive system. This system enables cabinet unit to open by tapping the cabinet door.

Market Trends

  • Rising development of innovative products by key players is expected to propel the market growth. For instance, in May 2019, The Home Edit, a service provider of organizing homes, launched a range of organization products including kitchen organization products such as Pantry Canisters, Three Tier Shelf, and 2-Tier Lazy Susan among others.

Competitive Section:

Major players operating in the market include 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

Recent Developments:

Masterclass Kitchens

  • In November 2018, the company launched kitchens storage products such as Shaker design kitchen, which includes freestanding furniture. Moreover, the company introduced Hardwick, a modern form of classic shaker door, Shelford, which is a five piece shaver door, and others. 

Inter IKEA Systems B.V.

  • In 2018, Ingka Group, formerly known as IKEA Group, which is the largest IKEA franchisee with 367 IKEA stores in 30 markets, entered into an agreement to acquire 49% shares of Traemand, a U.S.-based kitchen service company. This agreement aims to expand the kitchen products & services of Traemand and strengthen the IKEA customer service.

About Coherent Market Insights:

Coherent Market Insights is a prominent market research and consulting firm offering action-ready syndicated research reports, custom market analysis, consulting services, and competitive analysis through various recommendations related to emerging market trends, technologies, and potential absolute dollar opportunity.

Contact Us: