The Latin America, Middle East and Africa Garage Organization and Storage Market would witness market growth of 9.5% CAGR during the forecast period (2022-2028).
People are now more interested in purchasing home automation products like smart garage cabinets. In an effort to increase their employees' productivity and well-being, businesses all around the world are also employing smart furniture. Due to these advantages, smart furniture is therefore projected to gain popularity in corporate settings over the coming years.
In addition, consumers' lifestyles are drastically changing as a result of rising discretionary spending, particularly in urban areas. The arrival of opulent products with cutting-edge technology is simplifying the lives of professionals and workaholics. In addition, as disposable income has increased, consumers' awareness of their social standing has increased their spending on commodities like furniture. Owing to all these benefits, the demand for garage organization and storage racks has risen.
In the area, particularly in the metropolitan areas and Sub-Saharan Africa, the rate of urbanization is thought to be relatively high. Many individuals are moving from villages to cities in order to have access to better medical care, employment possibilities, and educational options. More than 500 million people are expected to relocate to cities by 2030. The region's real estate is growing as a result of the high level of life, uncontrollable tourism growth, and growing urbanization. The expansion of the regional market has been made possible by the rise in construction activities and the resulting rise in demand for appealing interiors like garage cabinets.
The Brazil market dominated the LAMEA Garage Organization and Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $605.3 million by 2028.The Argentina market is experiencing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.3% during (2022 - 2028).
Based on Application, the market is segmented into Residential and Commercial. Based on Type, the market is segmented into Garage Cabinets, Garage Shelves/Racks and Garage Wall Organization. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stanley Black & Decker, Inc., Lowe’s Companies, Inc., Griffon Corporation (ClosetMaid), Rubbermaid Commercial Products LLC (Newell Brands), Whirlpool Corporation (Gladiator), GarageTek, Inc., Sterilite Corporation, and Cannon Security Products, Inc.
People are now more interested in purchasing home automation products like smart garage cabinets. In an effort to increase their employees' productivity and well-being, businesses all around the world are also employing smart furniture. Due to these advantages, smart furniture is therefore projected to gain popularity in corporate settings over the coming years.
In addition, consumers' lifestyles are drastically changing as a result of rising discretionary spending, particularly in urban areas. The arrival of opulent products with cutting-edge technology is simplifying the lives of professionals and workaholics. In addition, as disposable income has increased, consumers' awareness of their social standing has increased their spending on commodities like furniture. Owing to all these benefits, the demand for garage organization and storage racks has risen.
In the area, particularly in the metropolitan areas and Sub-Saharan Africa, the rate of urbanization is thought to be relatively high. Many individuals are moving from villages to cities in order to have access to better medical care, employment possibilities, and educational options. More than 500 million people are expected to relocate to cities by 2030. The region's real estate is growing as a result of the high level of life, uncontrollable tourism growth, and growing urbanization. The expansion of the regional market has been made possible by the rise in construction activities and the resulting rise in demand for appealing interiors like garage cabinets.
The Brazil market dominated the LAMEA Garage Organization and Storage Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $605.3 million by 2028.The Argentina market is experiencing a CAGR of 10.1% during (2022 - 2028). Additionally, The UAE market would display a CAGR of 9.3% during (2022 - 2028).
Based on Application, the market is segmented into Residential and Commercial. Based on Type, the market is segmented into Garage Cabinets, Garage Shelves/Racks and Garage Wall Organization. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Stanley Black & Decker, Inc., Lowe’s Companies, Inc., Griffon Corporation (ClosetMaid), Rubbermaid Commercial Products LLC (Newell Brands), Whirlpool Corporation (Gladiator), GarageTek, Inc., Sterilite Corporation, and Cannon Security Products, Inc.
Scope of the Study
Market Segments Covered in the Report:
By Application
- Residential
- Commercial
By Type
- Garage Cabinets
- Garage Shelves/Racks
- Garage Wall Organization
By Country
- Brazil
- Argentina
- UAE
- Saudi Arabia
- South Africa
- Nigeria
- Rest of LAMEA
Key Market Players
List of Companies Profiled in the Report:
- Stanley Black & Decker, Inc
- Lowe’s Companies, Inc
- Griffon Corporation (ClosetMaid)
- Rubbermaid Commercial Products LLC (Newell Brands)
- Whirlpool Corporation (Gladiator)
- GarageTek, Inc
- Sterilite Corporation
- Cannon Security Products, Inc
Unique Offerings
- Exhaustive coverage
- The highest number of market tables and figures
- Subscription-based model available
- Guaranteed best price
- Assured post sales research support with 10% customization free
Table of Contents
Chapter 1. Market Scope & Methodology1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 LAMEA Garage Organization and Storage Market, by Application
1.4.2 LAMEA Garage Organization and Storage Market, by Type
1.4.3 LAMEA Garage Organization and Storage Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition & Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. LAMEA Garage Organization and Storage Market by Application
3.1 LAMEA Residential Market by Country
3.2 LAMEA Commercial Market by Country
Chapter 4. LAMEA Garage Organization and Storage Market by Type
4.1 LAMEA Garage Cabinets Market by Country
4.2 LAMEA Garage Shelves/Racks Market by Country
4.3 LAMEA Garage Wall Organization Market by Country
Chapter 5. LAMEA Garage Organization and Storage Market by Country
5.1 Brazil Garage Organization and Storage Market
5.1.1 Brazil Garage Organization and Storage Market by Application
5.1.2 Brazil Garage Organization and Storage Market by Type
5.2 Argentina Garage Organization and Storage Market
5.2.1 Argentina Garage Organization and Storage Market by Application
5.2.2 Argentina Garage Organization and Storage Market by Type
5.3 UAE Garage Organization and Storage Market
5.3.1 UAE Garage Organization and Storage Market by Application
5.3.2 UAE Garage Organization and Storage Market by Type
5.4 Saudi Arabia Garage Organization and Storage Market
5.4.1 Saudi Arabia Garage Organization and Storage Market by Application
5.4.2 Saudi Arabia Garage Organization and Storage Market by Type
5.5 South Africa Garage Organization and Storage Market
5.5.1 South Africa Garage Organization and Storage Market by Application
5.5.2 South Africa Garage Organization and Storage Market by Type
5.6 Nigeria Garage Organization and Storage Market
5.6.1 Nigeria Garage Organization and Storage Market by Application
5.6.2 Nigeria Garage Organization and Storage Market by Type
5.7 Rest of LAMEA Garage Organization and Storage Market
5.7.1 Rest of LAMEA Garage Organization and Storage Market by Application
5.7.2 Rest of LAMEA Garage Organization and Storage Market by Type
Chapter 6. Company Profiles
6.1 Stanley Black & Decker, Inc.
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Segmental and Regional Analysis
6.1.4 Research & Development Expenses
6.2 Lowe's Companies, Inc.
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Regional Analysis
6.3 Griffon Corporation (ClosetMaid)
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expenses
6.4 Rubbermaid Commercial Products, LLC (Newell Brands)
6.4.1 Company Overview
6.4.2 Financial Analysis
6.4.3 Segmental and Regional Analysis
6.4.4 Research & Development Expenses
6.5 Whirlpool Corporation (Gladiator)
6.5.1 Company Overview
6.5.2 Financial Analysis
6.5.3 Regional Analysis
6.5.4 Research & Development Expense
6.6 GarageTek, Inc.
6.6.1 Company Overview
6.7 Sterilite Corporation
6.7.1 Company Overview
6.8 Cannon Security Products, Inc.
6.8.1 Company Overview
Companies Mentioned
- Stanley Black & Decker, Inc.
- Lowe’s Companies, Inc.
- Griffon Corporation (ClosetMaid)
- Rubbermaid Commercial Products LLC (Newell Brands)
- Whirlpool Corporation (Gladiator)
- GarageTek, Inc.
- Sterilite Corporation
- Cannon Security Products, Inc.
Methodology
LOADING...
