by 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 market comprises products such as bins, pull-out shelves, racking, and other storage systems to efficiently organize kitchen spaces and enable ease of use. These products help store appliances, dishes, pots, pans, food items, and cleaning supplies in an accessible manner. This enhances kitchen aesthetics and functionality.
Market Key Trends:
One of the key trends witnessed in the kitchen storage organization market is the rising popularity of smart bins and cabinets. These are integrated with sensors, connectivity, and artificial intelligence capabilities. Smart bins alert users when garbage needs to be taken out. This prevents overfilling and spillage. Smart cabinets are equipped with LED lights, touch displays, and voice assistants. Users can check inventory levels, set reminders for re-stocking, and access recipes directly from cabinets. This high-tech approach provides convenience, reduces food wastage, and enhances the overall kitchen experience. Many residential and commercial kitchen projects now include smart storage elements for optimized workflow and efficiency. This technological integration is expected to continue propelling the market over the forecast period.
Market Key Trends:
The trend of minimalistic aesthetics is gaining popularity in kitchen storage organization. There is growing demand for storage solutions that utilize space efficiently yet maintain clean lines and simple forms. Products with hidden sliding cabinets, recessed drawers and streamlined door styling are becoming increasingly common. Zero clearance designs are also trending as they create the illusion of more spacious areas. Sustainable and eco-friendly materials are another key trend. Consumers prefer storage options made using recycled, recyclable, organic or locally sourced materials.
SWOT Analysis
Strengths: Growing focus on better organization solutions for small kitchen areas. Increasing online availability of different product types.
Weaknesses: Higher costs compared to basic cabinets and drawers. Requires reorganizing existing storage areas for installation.
Opportunities: Rapid growth of homeowners association and rental properties creates robust demand. Rising importance of efficient storage due to time constraints.
Threats: Competition from DIY storage systems offered by retailers. Economic slowdowns may decrease discretionary spending on upgrades.
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 small home sizes. The busy lifestyles are fuelling the need for well-organized kitchen spaces for convenience.
The North America kitchen storage organization market accounted for largest revenue share in 2022 and is expected to maintain its dominance over the forecast period. This can be attributed to growing demand for customizable storage solutions in the region. Asia Pacific is projected to witness fastest growth owing to rising middle class population and their increasing spending on home renovation and decoration in countries like China, India.
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. These players are focusing on new product developments and launches to better address consumer needs.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc.
