CLEVELAND, March 1, 2017 /PRNewswire/ -- Through 2021, demand for metal and wire home organization products will rise 4.1% annually to $3.7 billion. Gains will be driven by:
- Increased spending on organization products used in garages and bathrooms, where plastic-coated wire products are valued for their ability to drain water and resist mold and mildew
- More spending on home organization in garages, including solid metal shelves and modular units, as metal provides the strength and durability needed for many of the heavy items kept in garages
- Continued interest in more decorative solid metal products, such as those with stylized finishes or wrought metal designs
Metal home organization products face strong competition in both the lower-end and the higher-end price ranges. These and other trends are presented in Home Organization Market in the US, 7th Edition, a new study from The Freedonia Group, a Cleveland-based industry research firm.
According to analyst Katherine Brink, "Modular units account for the largest share of metal and wire home organization demand, benefiting from wire's dominance in use among low cost, basic modular units." These products are typically installed in multifamily housing units such as apartments and condos.
Wire shelves also see significant use, particularly in areas such as garages, kitchens, and bathrooms where ventilation, water drainage, and mold and mildew resistance are important.
More information about the study is available at http://www.freedoniagroup.com/industry-study/home-organization-market-in-the-us-by-material-product-room-and-market-7th-edition-3502.htm
Related studies include:
About The Freedonia Group – The Freedonia Group, a division of MarketResearch.com, is a leading international industrial research company publishing more than 100 studies annually. Since 1985 we have provided research to customers ranging in size from global conglomerates to one-person consulting firms. More than 90% of the industrial companies in the Fortune 500 use Freedonia Group research to help with their strategic planning. Each study includes product and market analyses and forecasts, in-depth discussions of important industry trends, and market share information. Consumer Goods studies can be purchased at www.freedoniagroup.com and are also available on www.marketresearch.com and www.profound.com.
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SOURCE The Freedonia Group