The Europe Garage Organization And Storage Market would witness market growth of 7.6% CAGR during the forecast period (2022-2028).
Garage cabinets may appear to be merely practical device that solely serves to provide storage space. But a garage cabinet system is much more valuable and useful for your house than just a place for storage. Storage cabinets can significantly improve the inside aesthetics of your garage, which is not something that should be taken lightly.
A cluttered garage is frequently an unsafe garage. Tripping and leakage hazards abound in the garage due to the objects scattered on the floor and the tools propped against the walls. A cluttered garage floor increases the possibility of harm to the things from your vehicles as well as the possibility of denting, scratching, and scuffing the actual vehicles. This safety risk can be decreased by controlling the clutter with better storage solutions like garage cabinets.
The EU offers a range of financial solutions to support the local tourism industry. As a result, the government has started a number of helpful programs. For instance, the EU government’s "Calypso" initiative emphasized social tourism for old people, persons with limited mobility, and young people from disadvantaged backgrounds. The tourist and hospitality sector’s regional growth is expected to rise with these initiatives. The hotel industry is most diverse in European countries like the United Kingdom. International acclaim is accorded to the country’s eateries. Due to the existence of these eateries, the hospitality industry has expanded and has increased its demand for aesthetically pleasing interiors. Due to all of these, the residential and commercial sectors in the Europe region have an increased need for the best garage organizing and storage.
The Germany market dominated the Europe 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 $2,440.4 million by 2028.The UK market is anticipated to grow at a CAGR of 6.7% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 8.4% 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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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:
• Garage Cabinets
• Garage Shelves/Racks
• Garage Wall Organization
• Rest of Europe
• 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.
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