Press release
Kitchen Storage Organization Market Is Set for a Potential Growth world-wide: Excellent Technology Trends with Business Analysis
Kitchen Storage Organization
Kitchen storage organization products includes cabinet organizers/drawer organizers, food storage, pantry organizers, sink & under sink, dinnerware & serving storage, and others. These kitchen storage organization products saves time and efforts while organizing and storing food, preparing meals in the kitchen, and provide suitable space-saving solutions.
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Kitchen storage organization offers advantages such as it reduces clutter and thereby, makes it easier to find items. It allows better utilization of kitchen space. Kitchen storage organization products are easy to clean and it improves cleanliness and hygiene in the kitchen by reducing clutter. In addition, wide variety of inexpensive kitchen storage organization products such as racks, baskets, bins, boxes, and drawers are available in different materials such as plastic and metals and are easily available through offline and online distribution channels. Such advantages offered by kitchen storage organization products are expected to drive growth of the global kitchen storage organization market.
Europe held a dominant position in the kitchen storage organization market in 2018, accounting for 33.0% share in terms of value, followed by North America and Asia Pacific, respectively.
Increasing acquisitions by key players in the market is expected to propel the market growth. Key players operating in the kitchen storage organization market are focused on adopting inorganic growth strategies such as acquisitions to enhance their product portfolio and expand its business. For instance, in October 2019, Rev-A-Shelf, LLC, a U.S.-based supplier of kitchen storage and organization products acquired Sidelines Inc., a manufacturer of storage products for closets and kitchen, in order to expand its product portfolio.
Players operating in the global kitchen storage organization market are focused on launching different products to cater to increasing customer demand. For instance, in January 2016, Hardware Resources, a manufacturer of functional and decorative bath and kitchen elements, launched Wood Pantry Pullout. The wood pantry pullout consists of five shelves, top mounting bracket, 400lb ball bearing bottom slides, 225lb ball bearing top slide, and is available in 12 different sizes.
Company Names
Key players operating in the market include 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
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