Global Wardrobe Market Share, Size, Growth, 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; 2024-2032

Global Wardrobe Market Size

The global wardrobe market is projected to grow at a CAGR of 5.80% between 2024 and 2032.

Wardrobe Market Outlook

• There is a growing preference for wardrobes made from sustainable, recyclable, or responsibly sourced materials.

• Consumers increasingly seek customisable wardrobe solutions that can be tailored to their specific space requirements and aesthetic preferences.

• The integration of technology into wardrobes, such as automated features, built-in lighting, and smart organisational systems, is becoming common.

Wardrobe Market Growth Rate

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, and 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.

The living standards of the global population are developing owing to rapid industrialisation and people moving to urban areas, which has increased the spending power of people, which can boost the wardrobe market growth. There is also a growing interest in home decoration and the personalisation of living spaces as consumers are looking for wardrobes that not only serve functional purposes but also complement their interior design and aesthetic preferences. Changing lifestyles, particularly the rise in disposable incomes and the middle class in emerging markets, influence wardrobe purchases. Consumers are willing to invest in higher-quality, durable, and aesthetically pleasing wardrobe options that reflect their status and lifestyle.

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Key Trends and Developments

Increasing preference for wood materials; launch of innovative wardrobes; smart storage solutions; and integrated technology are the major trends impacting the wardrobe market expansion

March 3rd, 2024

Godrej and Boyce announced an investment of Rs 40 crore in India over the next three years to expand its footprint in tier-II and tier-III cities.

August 14th, 2023

The Nairobi County Government announced that it is all set to launch the first wood furniture industrial unit.

April 25th, 2023

Zaha Hadid Design and Karimoku Furniture collaborated to launch a furniture collection which is a blend of advanced technology and design language.

April 6th, 2023

IKEA's US division, under the Ingka Group, announced the introduction of "As-is Online," a new platform that enhances their existing resale services.

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.

Launch of innovative wardrobes

Manufacturers in the wardrobe market are introducing innovative and smart wardrobes to attract users and propel market value.

Smart storage solutions

Modern wardrobes are being designed with innovative features such as built-in organizers, adjustable shelves, and multi-functional spaces to maximise storage efficiency and organisation.

Integrated technology

Features such as built-in lighting, electronic locks, and even wardrobe management systems that help track and organise content are gaining popularity among tech-savvy consumers.

Wardrobe Market Trends

As urbanisation continues to rise and more people move into cities, the trend towards smaller living spaces becomes more pronounced. This shift challenges traditional concepts of home furnishing and storage, leading to a significant demand for furniture that not only fits into compact areas but also maximises utility and enhances living quality. Modern wardrobes are increasingly equipped with built-in organisers which include features such as drawers, dividers, and specialised racks (for shoes, ties, belts, etc.), designed to allocate a specific place for every item.

Market players are expanding their presence in emerging economies by investing in new retail stores. In March 2024, Godrej and Boyce announced that it is set to invest Rs 40 crore over the next three years to expand its consumer brand presence in India's tier-II and tier-III cities. The initiative will focus on increasing the distribution of interior solutions, furniture, appliances, and locks across over 400 towns, with a combination of company-driven and channel-driven strategies.

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Wardrobe Industry Segmentation

“Wardrobe Market Report and Forecast 2024-2032” offers a detailed analysis of the market based on the following segments:

Market Breakup by Material

• Glass

• Metal

• Natural Wood

• Others

Market Breakup by Category

• Manual

• Automated

• Others

Market Breakup by Application

• Household

• Commercial

Market Breakup by Region

• North America

• Europe

• Asia Pacific

• Latin America

• Middle East and Africa

Wardrobe Market Share

Natural wood is increasingly being used due to its durability and eco-friendly nature

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. Wood is known for its strength and durability, making it an ideal material for wardrobes that are meant to last for years or even generations. High-quality wooden wardrobes can withstand the wear and tear of daily use, making them a cost-effective choice in the long term. As consumers become more environmentally conscious, the demand for sustainable and eco-friendly products has risen. Natural wood, especially when sourced from responsibly managed forests, is considered a sustainable choice due to its renewable nature

The metal segment is anticipated to witness sizeable growth in the wardrobe market in the forecast period. Metal wardrobes fit well with modern, minimalist, and industrial design trends that have gained popularity in recent years. The sleek lines and the ability to finish metal in various colours and textures allow it to complement contemporary interior designs seamlessly.

The manual wardrobe maintains its dominance in the market due to its cost-effective pricing

The manual segment holds the largest market share owing to the wide varieties available in the market and cost-effective 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. The simplicity of manual wardrobes contributes to their ease of use as there are no electronic components to malfunction, making them more reliable over the long term. This reliability is a crucial selling point for many consumers who prioritise durability and low maintenance.

Automated wardrobe is anticipated to gain robust growth in the closet market in the coming years. Automated wardrobes offer features like motorised hanging rails, automatic lighting, and touch-control doors, making them highly convenient and accessible. These features are particularly appealing to individuals with mobility issues, as they make it easier to access clothes and other stored items without physical strain.

Leading Manufacturers of Wardrobes

The market players are launching novel products and expanding their retail presence to gain a competitive edge in the market

Artemest s.r.l., founded in 2015 and headquartered in Milan, Italy, specialises in home décor, jewellery, mirrors, chairs, cabinets, ceramics, lightings, and accessories, among other décor products.

Inter IKEA Systems B.V., established in 1943 in Delft, Netherlands, focuses on ready-to-assemble furniture, kitchen appliances, and home accessories.

The Stow Company, founded in 1984 in Michigan, United States, offers closet organisers, garage storage systems, pantry and laundry storage, home office systems, and entertainment centers, among others.

Godrej & Boyce Manufacturing Company, with its roots tracing back to 1897 in Mumbai, India, produces appliances, furniture, and interiors.

Other market players include Grandeur Interiors Pvt. Ltd., among others. Wardrobe market players are constantly innovating their product lines to include a wide range of materials (wood, metal, engineered wood, etc.), styles, and functionalities. This includes offering customisable and modular wardrobes that can be adapted to various spaces and needs, as well as incorporating smart features.

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Wardrobe Market Analysis by Region

The demand for wardrobes in the Asia Pacific region is experiencing significant growth. Urbanisation is a major driver of wardrobe demand in the Asia Pacific. As more people move to cities in search of employment and better living conditions, the need for space-efficient and functional furniture, including wardrobes, increases. Urban households, often characterised by smaller living spaces, require smart storage solutions that maximise space utilisation, leading to a higher demand for innovative wardrobe designs. The construction and real estate sectors in many Asia Pacific countries are booming, leading to an increase in residential projects. New housing developments and the renovation of existing homes are direct contributors to the growing demand for home furnishings, including wardrobes.

The wardrobe market in North America is anticipated to gain robust growth in the coming years. North American consumers increasingly seek customisable options that can be tailored to their specific needs and preferences which include wardrobes with adjustable shelving, built-in organisers, and options that fit unique spaces or match the interior decor.

Key Highlights of the Report

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Wardrobe Market Report Snapshots

Wardrobe Market Size

Wardrobe Market Growth

Wardrobe Market Trends

Wardrobe Market Share

Wardrobe Manufacturers

Wardrobe Market Regional Analysis

*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.