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The Global Kitchen Storage Organization Market Is Estimated To Be Valued At US$ 133.66 Bn In 2022

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Sachin Sadgir
The Global Kitchen Storage Organization Market Is Estimated To Be Valued At US$ 133.66 Bn In 2022

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:

Kitchen storage organization products include cabinets, racks and organizers used for storage of food containers, utensils, accessories and appliances in a kitchen. These products allow for maximizing storage space and providing easy access to items for quicker meal preparation. They help save time and maintain overall cleanliness and order in the kitchen.

Market key trends:

One of the key trends in the kitchen storage organization market is the rising demand for multi-functional and space-saving storage solutions. Storage systems are beingdesigned to efficiently utilize vertical and horizontal space. For instance, wall mounted racks, pull-out shelves and baskets, spacious drawers, and rotating organizers allow for storing multiple items in confined spaces. Customization based on kitchen size and preferences is also increasing through custom fabrication and do-it-yourself modular systems. This drives the demand for more versatile, functional and aesthetically appealing organizational products.

Segment Analysis

The kitchen storage organization market is segmented based on product type into kitchen cabinets, kitchen shelving, kitchen drawers, and others. Among these, the kitchen cabinets segment dominates the Kitchen Storage Organization Market with the highest share. Kitchen cabinets provide efficient utilization of space for storing variety of items such as dishes, utensils, food ingredients, and appliances. They are available in different designs, sizes, door styles, finishes and materials which has broadened their application and boosted their demand over the years.

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 rising number of nuclear families. This has augmented the demand for equipped kitchen spaces that offer optimum storage solutions.

The North American region dominated the kitchen storage organization market in 2021 with highest share, on account of rising housing renovations and remodelling activities in the region. However, the Asia Pacific region is projected to witness the fastest CAGR over the forecast period, with China and India emerging as highly lucrative markets. This can be attributed to increasing construction of residential properties in developing nations and growing middle class population with high purchasing power.

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. Major players are focusing on new product launches, mergers, acquisitions, and collaborations to gain a competitive edge in the market.

Read More : https://www.rapidwebwire.com/global-kitchen-storage-organization-market-forecast-analysis-trends/

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