The report on the Open Shelves Storage Market is segmented By Type (Wood, Plastic, Metal, Others), Application (Home, Public Area), and Region – COVID-19 Impact Analysis and Forecast to 2026. The historic years considered for the study are 2016-2019, base year is 2020, estimated year is 2021, and forecast period is 2021-2026.
Open shelves storage is not in a closed or private room and is directly accessible to visitors. Open shelves make the visitors feel at home and help themselves to do whatever they need. Based on type, open shelve storage can be categorized as wood, plastic, metal, and others.
Some of the major players operating in the global Open Shelves Storage Market are-
- Martha Stewart Living (US)
- John Louis Home (US)
- ClosetMaid (US)
- Lavish Home (US)
- Catskill Craftsmen Inc (US)
- AkadaHOME (US)
- Wallscapes (US)
- DOLLE A/S (Denmark)
- Redi-Shelf (US)
- Edsal Manufacturing Company, Inc. (US)
- AZ Home and Gifts (Canada).
The report provides critical insights into the market dynamics that enables strategic decision making that is critical to the growth of the existing players as well as those planning to enter the market. This report offers an improvised approach to consolidate the growth decisions by covering the following features –
- Market structure – as it reflects the value chain of different commodities in the market.
- Drivers and Constraints – as both can affect any element of the marketing mix — product, budget, and place, etc.
- Market Forecast – a part of the decision-making process. This helps users with facts regarding projected sales dimensions, costs, market shares, and other areas of planning.
- Competitive landscape and dynamics: The user can determine the strengths and gaps. The information mentioned here will work towards enhancing the brand’s strategy.
- Growth strategies – allowing a small business to survive unexpected changes, and to grow into a bigger entity, and gain a greater competitive advantage.
The report covers maximum factors that affect the Open Shelves Storage Market. According to this report,
The growth of the Open Shelves Storage market is driven by the increasing popularity of open shelves in households as well as public areas. Growing demand for modern furnishing in the developing economies coupled with rising per capita disposable income of the consumers is likely to drive the growth of the global Open Shelves Storage market at a significant rate during the review period. In addition to this, rising demand for advanced open shelves storage with innovative features is likely to create lucrative opportunities for the players operating in the global market in the coming years.
By application, the open shelves storage market has been bifurcated into the home and public area. Under these, the home segment accounted for the largest market share in 2020 and is projected to register significant growth during the review period. The segment growth can be attributed to the increasing adoption of modern furniture, particularly in households.
By region, the market in Asia-Pacific accounted for the largest market share in 2020 and is projected to grow at a significant CAGR during the assessment period. The regional growth is primarily attributed to rising demand for modern furnishing in developing countries particularly India and China coupled with rising per capita disposable income. The market growth in the North American region is expected to be driven by a high product adoption rate and the presence of key market players including Lavish Home (US) and Catskill Craftsmen Inc (US).
Critical Questions Answered in the Report
- What are the key trends in the global Open Shelves Storage Market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in next five years?
- What is the impact of COVID-19 on global Open Shelves Storage Market?
- What are the key strategies adopted by the major vendors to lead in the global Open Shelves Storage Market?
- What is the market share of the top vendors?
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