Dublin, Dec. 22, 2014 (GLOBE NEWSWIRE) -- Research and Markets (http://www.researchandmarkets.com/research/q2pd8q/home_organization) has announced the addition of the "Home Organization in the U.S.: General Purpose, Closets, Garages, and Storage Sheds, 3rd Edition" report to their offering.
Sales of home organization products in the U.S. have been recovering from a slowdown caused by the recession and are challenged by consumers living in a continuing sluggish economy. Consumers are being very cautious about spending with all purchases, especially those deemed discretionary. While challenging and unpredictable, the home organization market should continue to recover and perform better than many other household product categories. Consumer demand exists and is growing for the products.
In Home Organization in the U.S.: General Purpose Storage, Closets, Garages, and Storage Sheds, 3rd Edition, Packaged Facts estimates that overall U.S. manufacturer's sales of home organization products reached $8.5 billion in 2014. The market grew at an estimated compound annual growth rate (CAGR) of 3.5% between 2010 and 2014. Sales recovered during the period after growing at less than a 1% CAGR between 2006 and 2010.
During that period the market declined in 2008 and 2009 due to the recession and housing crash. Sales reversed the downward trend in 2010 and have continued to increase slowly through 2014. The economic recovery, while slow and uneven, has propelled sales growth, which had been increasing at a rapid pace prior to the recession. Pent up demand for garage and closet organization products as well as sheds and general storage products has further helped drive sales increases over the last several years.
Key Topics Covered:
Chapter 1 Executive Summary
Chapter 2 The Market
Chapter 3 The Marketers
Chapter 4 Marketing and New Product Trends
Chapter 5 Distribution and Retailing
Chapter 6 The Consumer
For more information visit http://www.researchandmarkets.com/research/q2pd8q/home_organization
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Source:Research and Markets