Who's Buying Home Organization Products & Why?
CLEVELAND, July 14, 2021 /PRNewswire/ -- Virtually everybody uses home organization products  from the basic bins, shelves, and hanging units common throughout most US households, to more elaborate installations like custom-built modular units for closets, pantries, or garages. A Freedonia Group Survey conducted November-December 2020 found that 38% of US consumers bought home organization products in the past 12 months, with purchasing habits varying across demographic groups. For example:  Women were slightly more likely to have bought home organization products. People in the 25-44 age range  which includes many first-time and trade-up homebuyers  were most likely to have purchased home organization products and that likelihood drops off significantly among those over 55. Households with children under 18 were far more likely to have bought home organization products than households who did not. This trend also aligns with the middle age groups who are also more likely to be buying their first home or a home to fit their growing family. Setting Up Home Office/Learning Space Was Top Reason for Home Org Product Purchases in 2020  As would be expected during the COVID-19 pandemic, the top reasons for buying home organization products in the past year was to improve a home office space, or set up a new one. Similarly, setting up home study space for telecommuting schoolkids also was a primary reason for purchases. Still, evergreen reasons unrelated to the pandemic  such as replacing or upgrading an existing piece  accounted for a large number of purchases. Additionally, a sizable share of respondents needed the item for home remodeling projects. Closet and garage organization were popular DIY projects during the pandemic, while increased grocery sales correlated with growth in pantry storage needs. Sales of home organization products are forecast to grow 2.1% per year from an elevated 2020 level through 2025, reaching $13.5 billion, according to a new Freedonia Group analysis. Home Organization Products analyzes the US market for home organization products. Sales are examined by product, material, room, and installation type in US dollars at the manufacturers' level. Historical data for 2010, 2015, and 2020 and forecasts for 2025 and 2030 are presented in current dollars (which are not adjusted to account for inflation). Products are discussed in terms of:  bins, baskets, and totes  shelving  modular units (e.g., closet and garage organization kits or systems) and various components (e.g., cubes, drawers, bins, open racks, shelves, and rods)  hanging storage  accessories and hardware  Material segments include:  metal and wire, including plastic coated wire  plastic  wood and laminate, including solid wood and laminate-covered engineered wood  wicker, rattan, and other natural weaves, such as hyacinth, seagrass, and bamboo  textiles and other materials (e.g., canvas, vinyl, glass)  Rooms are segmented by:  closets  garages  family rooms  kitchens and pantries  bedrooms  utility rooms, basements, and attics  outdoor areas  bathrooms  Installation segments are do-it-yourself (DIY) and professional. In addition, retail sales are discussed by retail channel:  mass merchant and discount stores, including mass merchandisers, membership club stores, dollar stores, and closeout stores  home centers and hardware stores  specialty channels  About the Freedonia Group - The Freedonia Group, a division of MarketResearch.com, is the premier international industrial research company, providing our clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. With over 100 studies published annually, we support over 90% of the industrial Fortune 500 companies. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400. Press Contact:  Corinne Gangloff  +1 440.842.2400  [email protected]  SOURCE The Freedonia Group  Related Links  https://www.freedoniagroup.com/