NewswireToday - /newswire/ -
London, United Kingdom, 2007/03/23 - Report Buyer, the online destination for business intelligence for major industry sectors, has now added a new report outlining growth potential in the garage and shed storage market.
“Garage and Storage Shed Trends in the U.S,” forecasts that the slowing housing market will impact on future sales with growth rates anticipated at 5%, pointing the market towards $1.9 billion in 2011.
Home ownership in the U.S. is at peak levels and consumer spending is high. These factors, combined with a love of clutter is creating a buoyant market for garage and shed storage units. In addition, working from home and various hobbies have helped transform garages and sheds into multi-purpose rooms, containing the latest organisational and storage products.
Numerous mergers and co-branding initiatives have taken place industry-wide creating a niche market with a sense of style and purpose all of its own. However, this continues to be a highly consumer-driven market, which should grow as long as renovating continues to be a priority.
New product lines are continually coming on to the market tempting those who already have a love of garage and shed storage units. Easier-to-assemble and affordable products are expected to start reaching the shelves tempting new consumers to buy. Customised items and services designed to maximize space and meet special requirements should also feature as the market continues to grow.
This report provides a comprehensive market assessment. It identifies key issues and trends affecting the marketplace and profiles major marketers along with manufacturer and retailer strategies.
“Garage and Storage Shed Trends in the U.S” is available in pdf format from Report Buyer.
Report Buyer product ID: SBI00020
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