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Global Wardrobe Market Share, Size, Growth, Analysis Trends, Forecast: By Material: Glass, Metal, Natural Wood, Others; By Category: Manual, Automated, Others; By Application: Household, Commercial; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2023-2028
Global Wardrobe Market Outlook
The global wardrobe market size is expected to grow at a CAGR of 5.80% between 2023 and 2028, driven by the rising preference for natural wood-based wardrobes and the increased spending power of the global population.
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Global Wardrobe Market Trends
A wardrobe, also known as an armoire or an almirah, is a standing closet which is used to hang and store clothes. They are usually equipped with a large cloth hanging area, a drawer, a mirror, and can contain additional compartments. Wardrobes are usually made of materials such as plywood, particle board, MDF (medium-density fiberboard), and solid wood, with veneer, mirror, and laminates for the finishing of the product.
Launch of Innovative Wardrobes
Manufacturers in the Wardrobe market are introducing innovative and smart wardrobes to attract users and propel market value. Key players have launched smart wardrobes with sensors that can keep clothes fresh automatically.
Rising Urbanisation and Industrialisation
The living standards of the global population are developing owing to rapid industrialization and people moving to urban areas, especially in the Asia Pacific region. This has increased the spending power of people, which can further help in wardrobe market growth.
Increasing Preference for Wood Materials
The users are increasingly shifting toward furniture products made of natural wood from trees such as oak, maple, pine, cherry, and cedar, among many others. This can help drive the growth of sustainably made wardrobes
Global Wardrobe Market Analysis
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Based on material, the market can be segmented into glass, metal, and natural wood, among other materials. Based on the category, it can be bifurcated into manual and automated. Based on application, the market can be divided into household and commercial. The regional markets for the global market can be divided into North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the market, covering their competitive landscape and the latest developments like mergers, acquisitions, investments, and expansion plans.
- Artemest s.r.l.
- Inter IKEA Systems B.V.
- The Stow Company
- Grandeur Interiors Pvt. Ltd.
- Godrej & Boyce Manufacturing Company Limited
- Others
Materials Utilised to Manufacture Wardrobes
Based on materials, the market can be segregated into glass, metal, and natural wood, among other materials. The natural wood segment is expected to hold a major share of the market as it is increasingly being preferred by consumers. Wooden wardrobes are available in multiple variants, giving the market segment increased flexibility in revenue. Companies can easily manufacture laminated, veneer-finished, and highly decorated wardrobes compared to automated wardrobes. This will enhance the market growth as such products are readily available in the market.
Categories of Wardrobes in the Market
Based on category, the market bifurcations include manual and automated. The manual segment holds the largest market share owing to the wide varieties available in the market and less expensive maintenance and repair costs. In addition, local retailers of manual cabinets are easily accessible to users which results in increased revenue and propels the market growth.
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Competitive Landscape
Artemest s.r.l is an online marketplace focused on providing decorated handmade furniture and decorations. The company’s products can be categorized into home décor, jewellery, mirrors, chairs, cabinets, ceramics, lightings, and accessories, among other décor products. The company was established in 2015 and its headquarters is located in Milan, Italy.
Inter IKEA Systems B.V. is a part of the Inter IKEA Group, which is engaged in franchise and range development, supply and certain industrial activities. It is a Swedish multinational conglomerate, founded in 1943 and headquartered in Delft, Netherlands. IKEA is one of the world’s biggest designers and sellers of ready-to-assemble furniture, kitchen appliances, and home accessories.
Godrej & Boyce Manufacturing Company Limited is a privately owned manufacturing company, which is headquartered in Mumbai, India and was founded in 1897. It is one of India’s largest brands with a specialisation in manufacturing appliances and furniture and interiors. They also specialise in providing services for security, aerospace, defence, and industrial logistics, among many other fields.
Other market players include The Stow Company and Grandeur Interiors Pvt. Ltd., among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Material |
|
| Breakup by Category |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Wardrobe Market Analysis
8.1 Key Industry Highlights
8.2 Global Wardrobe Historical Market (2018-2022)
8.3 Global Wardrobe Market Forecast (2023-2028)
8.4 Global Wardrobe Market by Material
8.4.1 Glass
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Metal
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.4.3 Natural Wood
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2022)
8.4.3.3 Forecast Trend (2023-2028)
8.4.4 Others
8.5 Global Wardrobe Market by Category
8.5.1 Manual
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Automated
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.5.3 Others
8.6 Global Wardrobe Market by Application
8.6.1 Household
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Commercial
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.7 Global Wardrobe Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America Wardrobe Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe Wardrobe Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Wardrobe Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Wardrobe Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Wardrobe Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Artemest s.r.l.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Inter IKEA Systems B.V.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 The Stow Company
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Grandeur Interiors Pvt. Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Godrej & Boyce Manufacturing Company Limited
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Wardrobe Market: Key Industry Highlights, 2018 and 2028
2. Global Wardrobe Historical Market: Breakup by Material (USD Million), 2018-2022
3. Global Wardrobe Market Forecast: Breakup by Material Type (USD Million), 2023-2028
4. Global Wardrobe Historical Market: Breakup by Category (USD Million), 2018-2022
5. Global Wardrobe Market Forecast: Breakup by Category (USD Million), 2023-2028
6. Global Wardrobe Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global Wardrobe Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global Wardrobe Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global Wardrobe Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America Wardrobe Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America Wardrobe Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe Wardrobe Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe Wardrobe Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific Wardrobe Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific Wardrobe Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America Wardrobe Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America Wardrobe Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa Wardrobe Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa Wardrobe Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global Wardrobe Market Structure
Key Questions Answered in the Report
The market is expected to grow at a CAGR of 5.80% during the period 2023-2028.
The market is driven by the growing preference for natural wood cabinets and the rising industrialisation and urbanization.
The launch of innovative and automatic wardrobes and the increasing spending power of people around the world are expected to bring growth opportunities to the market.
The regional markets for the global wardrobe market include North America, Europe, the Asia Pacific, Latin America, the Middle East and Africa.
The material used for wardrobes in the market includes glass, metal, and natural wood, among other materials.
The categories available for wardrobes include manual and automated.
The different applications of wardrobe in the market can be categorised into household and commercial.
The key players in the market include Artemest s.r.l., Inter IKEA Systems B.V., The Stow Company, Grandeur Interiors Pvt. Ltd., and Godrej & Boyce Manufacturing Company Limited, among others.
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