The global wardrobe market size was valued at USD 62.97 billion in 2023 and is projected to be worth USD 66.31 billion in 2024 and reach USD 108.00 billion by 2032, exhibiting a CAGR of 6.29% during the forecast period. A wardrobe/cabinetry/closet is a piece of furniture equipped with shelves, hanging spaces, and drawers for storing clothes, accessories, and shoes. Numerous examples of new product launches by major industry players demonstrate the expansion of the industry. New product launches will increase the global market share of wardrobes in the coming years.

Fortune Business Insights provide this information in its report titled "Wardrobe Market, 2024-2030."

Information Source: https://www.fortunebusinessinsights.com/wardrobe-market-104634

List of Key Players Mentioned in the Wardrobe Market Report:

• Oppein Home Group (China)
• California Closets (U.S)
• Mobilspazio Srl (Italy)
• hülsta-werke Hüls GmbH & Co. KG (Germany)
• Closets by Design, Inc. (U.S.)
• Closet Factory (U.S.)
• Molteni&C S.p.A (Italy)
• Lema s.p.a (Italy)
• Würfel (India)
• Spacewood (India)

Segmentation:

Various Advantages to Accelerate Demand for Wooden Cabinetry

On the basis of material analysis, the global wardrobe market is fragmented into metal, wood, glass, and others. The wood segment held the largest market share in 2022, owing to the high demand for high-quality cabinetry with superior resistance and strength. The property of durability of wood cabinetry makes them a reliable investment. Additionally, these closets are easy to manage and maintain and are available in various designs and shades.

Easy Affordability and Maintenance to Boost Manually-operated Closet Sales

Based on category analysis, the market is segmented into automated and manual. The manual segment held the largest market share in 2022 due to easy maintenance, availability, and affordable product cost.

Rising Urbanization to Boost Product Sales in the Residential Sector