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.
Free Valuable Insights: The Worldwide Garage Organization And Storage Market is Projected to reach USD 36 Billion by 2028, at a CAGR of 7.8%
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
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.
Chapter 1. Market Scope & Methodology
1.1 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
TABLE 1 LAMEA Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 2 LAMEA Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 3 LAMEA Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 4 LAMEA Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 5 LAMEA Residential Market by Country, 2018 - 2021, USD Million
TABLE 6 LAMEA Residential Market by Country, 2022 - 2028, USD Million
TABLE 7 LAMEA Commercial Market by Country, 2018 - 2021, USD Million
TABLE 8 LAMEA Commercial Market by Country, 2022 - 2028, USD Million
TABLE 9 LAMEA Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 10 LAMEA Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 11 LAMEA Garage Cabinets Market by Country, 2018 - 2021, USD Million
TABLE 12 LAMEA Garage Cabinets Market by Country, 2022 - 2028, USD Million
TABLE 13 LAMEA Garage Shelves/Racks Market by Country, 2018 - 2021, USD Million
TABLE 14 LAMEA Garage Shelves/Racks Market by Country, 2022 - 2028, USD Million
TABLE 15 LAMEA Garage Wall Organization Market by Country, 2018 - 2021, USD Million
TABLE 16 LAMEA Garage Wall Organization Market by Country, 2022 - 2028, USD Million
TABLE 17 LAMEA Garage Organization and Storage Market by Country, 2018 - 2021, USD Million
TABLE 18 LAMEA Garage Organization and Storage Market by Country, 2022 - 2028, USD Million
TABLE 19 Brazil Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 20 Brazil Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 21 Brazil Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 22 Brazil Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 23 Brazil Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 24 Brazil Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 25 Argentina Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 26 Argentina Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 27 Argentina Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 28 Argentina Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 29 Argentina Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 30 Argentina Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 31 UAE Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 32 UAE Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 33 UAE Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 34 UAE Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 35 UAE Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 36 UAE Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 37 Saudi Arabia Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 38 Saudi Arabia Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 39 Saudi Arabia Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 40 Saudi Arabia Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 41 Saudi Arabia Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 42 Saudi Arabia Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 43 South Africa Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 44 South Africa Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 45 South Africa Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 46 South Africa Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 47 South Africa Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 48 South Africa Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 49 Nigeria Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 50 Nigeria Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 51 Nigeria Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 52 Nigeria Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 53 Nigeria Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 54 Nigeria Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 55 Rest of LAMEA Garage Organization and Storage Market, 2018 - 2021, USD Million
TABLE 56 Rest of LAMEA Garage Organization and Storage Market, 2022 - 2028, USD Million
TABLE 57 Rest of LAMEA Garage Organization and Storage Market by Application, 2018 - 2021, USD Million
TABLE 58 Rest of LAMEA Garage Organization and Storage Market by Application, 2022 - 2028, USD Million
TABLE 59 Rest of LAMEA Garage Organization and Storage Market by Type, 2018 - 2021, USD Million
TABLE 60 Rest of LAMEA Garage Organization and Storage Market by Type, 2022 - 2028, USD Million
TABLE 61 Key Information – Stanley Black & Decker, Inc.
TABLE 62 Key Information – Lowe's Companies Inc.
TABLE 63 Key Information – Griffon Corporation
TABLE 64 Key Information – Rubbermaid Commercial Products LLC
TABLE 65 Key information – Whirlpool Corporation
TABLE 66 Key Information – GarageTek Inc.
TABLE 67 Key Information – Sterilite Corporation
TABLE 68 Key Information – Cannon Security PRODUCTS, inc.
List of Figures
FIG 1 Methodology for the research