The storage & garage organization has evolved from cluttered, forgotten dumping ground into a functional extension of user homes liveable spaces. Most of the developed countries include the United States, United Kingdom, Canada, Germany and others have contributed immensely to the growth in the garage storage system market.This growth is primarily driven by Surging Number of Garage Area in Developed Economies and Economic Growth and Increase in Disposable Income in the Asian Pacific Countries.
Globally, a noticeable market trend is evident Adoption of Lightweight Materials in Garage Storage Systems. Major Vendors, such as Gladiator (United States), GarageTek (United States), ClosetMaid (United States), Rubbermaid (United States), Sterilite Corporation (United States), Stack-On (United States), Craftsman (United States), Organized Living (United States), Black and Decker (United States), Fleximounts (United States) and Edsal Manufacturing Company, Inc. (United States) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
- Surging Number of Garage Area in Developed Economies
- Economic Growth and Increase in Disposable Income in the Asian Pacific Countries
- Adoption of Lightweight Materials in Garage Storage Systems
- Lack of Awareness in Underdeveloped Countries
- Limited Adoption Rate in Emerging Economies
Market Players are Focusing on the Development of Wide Range of Products to Manage and Store Various Types of Equipment
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