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North America Garage Furniture Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2027

North America Garage Furniture Market- (By Product Type - Storage Solutions (cabinets), Shelves & Racks, Tool Storage, Work Benches, Chairs & Stools and Pit Stop Furniture; By Material - Metal, Wire, MDF, Plastic and Wood; By Application - Heavy Duty and General; By Distribution Channel - Direct Sales (B2B), Wholesale Distributors, Retail Stores and E-commerce; By End User - Residential (Individuals – DIY), Vehicle Service Centers/ Garages and Automotive OEMs) – Industry Dynamics, Market Size, and Opportunity to 2027

  • Published On: 20-Dec-2021  |  Format: pdfpowerpointexcel  |  Report ID: AA1221108
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
North America Garage Furniture Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2021US$ 708.9 Mn
Expected Revenue in 2027US$ 816.3 Mn
Historic Data2017-2020
Base Year2021
Forecast Period2022-2027
UnitValue (USD Mn)
CAGR2.4%
Segments coveredBy Product Type, By Material, By Application, By Distribution Channel, By End-User, and Country
Key Companies Homak Mfg Co. Inc., Intro-Tech (Pitstop furniture), ATD Tools, Inc., and other prominent players.
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

The North America garage furniture market valued US$ 708.9 Mn in 2020. 

The US holds the highest share of 73.3% in 2020.

Tool storage holds the highest share by 33.5% in 2020.

North America Garage Furniture Market size is expected to grow to US$ 816.3 Mn by 2027.

Increasing number of garages and rising demand related to protection of garage equipment are the factors influencing the growth of the garage furniture market in North America.

Stanley Black & Decker, Intro-Tech Automotive, Apex Tools Group, Homak Manufacturing Company, Inc. are some of the top market players.

Metal, wire, plastics, wood are some of the materials used in garage furniture.

Plastic has registered the highest growth at a CAGR of 3.0% during 2021-2027. 

Direct sales (B2B), wholesale distribution, retail stores, and e-commerce.

Technological advancement in automobiles is one of the challenges faced by garage furniture market.

No, the North America garage furniture market is observed to have loose oligopoly for the current period. 

Intensity of rivalry is expected to increase gradually, considering modernization of garage outlook and the type of tools used in place coupled with innovative strategies taken by prominent players present in the market. 

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