North America Garage Furniture Market Projected to Reach US$ 708.9 Million by 2027, Says Research Study

CHICAGO , UNITED STATES, May 1, 2024 /EINPresswire.com/ -- 𝐍𝐨𝐫𝐭𝐡 𝐀𝐦𝐞𝐫𝐢𝐜𝐚'𝐬 𝐠𝐚𝐫𝐚𝐠𝐞 𝐟𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 witnessed significant growth in 2021, reaching a valuation of 𝐔𝐒$ 𝟕𝟎𝟖.𝟗 𝐦𝐢𝐥𝐥𝐢𝐨𝐧. A recent research study indicates that this upward trajectory is expected to continue, with the market projected to achieve a Compound Annual Growth Rate (𝐂𝐀𝐆𝐑) 𝐨𝐟 𝟐.𝟒% during the forecast period of 𝟐𝟎𝟐𝟐-𝟐𝟎𝟐𝟕.

𝐀 𝐑𝐞𝐪𝐮𝐞𝐬𝐭 𝐨𝐟 𝐭𝐡𝐢𝐬 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐅𝐢𝐥𝐞@- https://www.astuteanalytica.com/request-sample/north-america-garage-furniture-market

Garage furniture, including storage cabinets, workbenches, shelving units, and other organizational solutions, plays a crucial role in optimizing space and enhancing functionality within residential and commercial garages. The increasing emphasis on efficient storage solutions and the rising trend of do-it-yourself (DIY) home improvement projects are key factors propelling the demand for garage furniture across North America.

According to the research findings, the market holds a promising opportunity of US$ 107.4 million over the forecast period, presenting lucrative prospects for market players to capitalize on. Factors such as urbanization, growing disposable income, and evolving consumer lifestyles are expected to further fuel market growth.

𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐨𝐫𝐬 𝐢𝐧 𝐭𝐡𝐞 𝐌𝐚𝐫𝐤𝐞𝐭

The report provides a detailed analysis of the existing competitors in the market, covering the company’s business overview, strategical outlook, product listing, recent developments, and company financials to get a brief overview of the key players. Key players included in the market report are Homak Mfg Co. Inc., Intro-Tech (Pitstop furniture), ATD Tools, Inc., Connected Automotive Systems (OEMTools.com), Apex Tool Group (Gear Wrench), Black and Decker, Dura Ltd., Cipher Auto Inc., OMP Group and Harwal Group of Companies (Duramax).

The study of the market is observed that the North American garage furniture market is an Oligopoly in nature and is projected to shift towards monopolistic competition nature in the forecast period. Companies like Stanley Black & Decker, Intro-Tech Automotive, Apex Tools Group, Homak Manufacturing Company, Inc. hold a major share in the market, and the rest of the market is held by local players.

In conclusion, the North America garage furniture market is poised for steady growth, driven by increasing demand for efficient storage solutions and the proliferation of DIY culture. With favorable market conditions and opportunities for innovation, stakeholders across the value chain are well-positioned to capitalize on this evolving landscape and unlock new avenues for growth.

𝐑𝐞𝐚𝐬𝐨𝐧𝐬 𝐭𝐨 𝐈𝐧𝐯𝐞𝐬𝐭 𝐢𝐧 𝐭𝐡𝐢𝐬 𝐑𝐞𝐩𝐨𝐫𝐭- https://www.astuteanalytica.com/industry-report/north-america-garage-furniture-market

𝐒𝐞𝐠𝐦𝐞𝐧𝐭𝐚𝐭𝐢𝐨𝐧 𝐎𝐯𝐞𝐫𝐯𝐢𝐞𝐰

North America garage furniture market segmentation
North America garage furniture market is divided into five segments which are: By Product Type, By Material, By Application, By Distribution Channel, By End User, and By Country.

𝐁𝐲 𝐏𝐫𝐨𝐝𝐮𝐜𝐭 𝐓𝐲𝐩𝐞

Storage Solutions (cabinets)
General Storage
Drawer Cabinets
Overhead Storage
Tall Cabinets
Shelves & Racks
Tool Storage
Work Benches
Chairs & Stools
Pit Stop Furniture
By Material

Metal
Wire
MDF
Plastic
Wood
By Application

Heavy Duty
General
By Distribution Channel

Direct Sales (B2B)
Wholesale Distributors
Retail Stores
E-commerce
By End-User

Residential (Individuals – DIY)
Vehicle Service Centers/ Garages
Automotive Dealerships
General Service Garages
Automotive OEMs
By Country

The U.S.
Canada
Mexico

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐏𝐃𝐅 𝐑𝐞𝐩𝐨𝐫𝐭@- https://www.astuteanalytica.com/request-sample/north-america-garage-furniture-market

𝐀𝐛𝐨𝐮𝐭 𝐀𝐬𝐭𝐮𝐭𝐞 𝐀𝐧𝐚𝐥𝐲𝐭𝐢𝐜𝐚:

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Astute Analytica
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