Market Overview:
The global cloth wardrobe market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for storage solutions, especially in the residential sector. Additionally, rising income levels and changing lifestyles are also propelling the demand for cloth wardrobes across regions. The global cloth wardrobe market is segmented on the basis of type, application and region. On the basis of type, the market is segmented into wooden frame, iron frame and others. The wooden frame segment dominates the global cloth wardrobe market owing to its aesthetic appeal and durability. On the basis of application, clothing storage accounts for a major share of revenue in this market followed by others such as laundry room storage and home office storage among others.
Product Definition:
A cloth wardrobe is a piece of furniture that is used to store clothes. It typically has shelves or drawers where clothes can be stored. The importance of a cloth wardrobe depends on the person. Some people may find it helpful to have a place to store their clothes, while others may not see the need for it.
Wooden Frame:
Wooden frame is a structure made up of wooden planks or slats, which is used to hold the cloth for dressing. It has several advantages over traditional metal or plastic frames including low weight, durability and flexibility. The growth factor in the market includes increasing demand from emerging economies such as China and India due to rising disposable income along with growing fashion consciousness among consumers in these countries.
Iron Frame:
Iron frame is a structure made of metal or iron which is used to support the weight of the wall covering and door. It provides rigidity to the structure and also helps in supporting heavy loads. The size, shape, material used for making an iron frame varies according to its application in cloth wardrobe market. Iron frames are widely used by manufacturers as it can hold up any type of cloth whether it's cotton or silk based fabrics owing to its high strength property.
Application Insights:
The clothing storage application segment dominated the global cloth wardrobe market, accounting for more than 50.0% share of the overall revenue in 2017. This is attributed to an increase in demand from both consumers and apparel brands for a premium product that efficiently holds and displays clothes. The other applications include hotels, restaurants and travel businesses where customers require fresh garments on a daily basis along with clean laundry waiting to be worn next. These types of establishments offer free laundry service by using the provided facilities, which further drives demand across various industries including hospitality and transportation services worldwide.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to continue its dominance over the forecast period. This can be attributed to increasing disposable income, growing population and changing lifestyles of consumers in developing countries such as China and India. Moreover, rising real estate activities due to rapid urbanization are contributing towards growth of the construction industry which, in turn, is boosting demand for cloth wardrobe products across Asia Pacific region.
North America accounted for a significant share owing to high demand from residential applications primarily located in U.S.
Growth Factors:
- Increasing demand for eco-friendly and sustainable products: The global market for cloth wardrobe is expected to grow at a CAGR of over 7% during the forecast period. This can be attributed to the increasing awareness about the benefits of using eco-friendly and sustainable products.
- Rising disposable income: The growth of the middle class population in developing countries is expected to drive the demand for cloth wardrobe in these regions.
- Growing popularity of online shopping: The growth of online shopping is contributing significantly to the growth of the global cloth wardrobe market.
- Innovative designs and features: Manufacturers are introducing innovative designs and features in their products, which is attracting consumers towards cloth wardrobes.
Scope Of The Report
Report Attributes
Report Details
Report Title
Cloth Wardrobe Market Research Report
By Type
Wooden Frame, Iron Frame, Others
By Application
Clothing Storage, Others
By Companies
GudXon, Chaojie, Homeplus, Home 81, MHJ, YiYIN, EASI, Homestar, HMAI, Changrongyigui, Baoyouni, Homestar
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
123
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Cloth Wardrobe Market Report Segments:
The global Cloth Wardrobe market is segmented on the basis of:
Types
Wooden Frame, Iron Frame, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Clothing Storage, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- GudXon
- Chaojie
- Homeplus
- Home 81
- MHJ
- YiYIN
- EASI
- Homestar
- HMAI
- Changrongyigui
- Baoyouni
- Homestar
Highlights of The Cloth Wardrobe Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Wooden Frame
- Iron Frame
- Others
- By Application:
- Clothing Storage
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cloth Wardrobe Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
A cloth wardrobe is a storage system for clothes that uses fabric to hang or suspend clothing from the ceiling.
Some of the key players operating in the cloth wardrobe market are GudXon, Chaojie, Homeplus, Home 81, MHJ, YiYIN, EASI, Homestar, HMAI, Changrongyigui, Baoyouni, Homestar.
The cloth wardrobe market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Cloth Wardrobe Market Overview 4.1 Introduction 4.1.1 Market Taxonomy 4.1.2 Market Definition 4.1.3 Macro-Economic Factors Impacting the Market Growth 4.2 Cloth Wardrobe Market Dynamics 4.2.1 Market Drivers 4.2.2 Market Restraints 4.2.3 Market Opportunity 4.3 Cloth Wardrobe Market - Supply Chain Analysis 4.3.1 List of Key Suppliers 4.3.2 List of Key Distributors 4.3.3 List of Key Consumers 4.4 Key Forces Shaping the Cloth Wardrobe Market 4.4.1 Bargaining Power of Suppliers 4.4.2 Bargaining Power of Buyers 4.4.3 Threat of Substitution 4.4.4 Threat of New Entrants 4.4.5 Competitive Rivalry 4.5 Global Cloth Wardrobe Market Size & Forecast, 2018-2028 4.5.1 Cloth Wardrobe Market Size and Y-o-Y Growth 4.5.2 Cloth Wardrobe Market Absolute $ Opportunity
Chapter 5 Global Cloth Wardrobe Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Cloth Wardrobe Market Size Forecast by Type
5.2.1 Wooden Frame
5.2.2 Iron Frame
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Cloth Wardrobe Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Cloth Wardrobe Market Size Forecast by Applications
6.2.1 Clothing Storage
6.2.2 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Cloth Wardrobe Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Cloth Wardrobe Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Cloth Wardrobe Analysis and Forecast
9.1 Introduction
9.2 North America Cloth Wardrobe Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Cloth Wardrobe Market Size Forecast by Type
9.6.1 Wooden Frame
9.6.2 Iron Frame
9.6.3 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Cloth Wardrobe Market Size Forecast by Applications
9.10.1 Clothing Storage
9.10.2 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Cloth Wardrobe Analysis and Forecast
10.1 Introduction
10.2 Europe Cloth Wardrobe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Cloth Wardrobe Market Size Forecast by Type
10.6.1 Wooden Frame
10.6.2 Iron Frame
10.6.3 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Cloth Wardrobe Market Size Forecast by Applications
10.10.1 Clothing Storage
10.10.2 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Cloth Wardrobe Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Cloth Wardrobe Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Cloth Wardrobe Market Size Forecast by Type
11.6.1 Wooden Frame
11.6.2 Iron Frame
11.6.3 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Cloth Wardrobe Market Size Forecast by Applications
11.10.1 Clothing Storage
11.10.2 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Cloth Wardrobe Analysis and Forecast
12.1 Introduction
12.2 Latin America Cloth Wardrobe Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Cloth Wardrobe Market Size Forecast by Type
12.6.1 Wooden Frame
12.6.2 Iron Frame
12.6.3 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Cloth Wardrobe Market Size Forecast by Applications
12.10.1 Clothing Storage
12.10.2 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Cloth Wardrobe Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Cloth Wardrobe Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Cloth Wardrobe Market Size Forecast by Type
13.6.1 Wooden Frame
13.6.2 Iron Frame
13.6.3 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Cloth Wardrobe Market Size Forecast by Applications
13.10.1 Clothing Storage
13.10.2 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Cloth Wardrobe Market: Competitive Dashboard
14.2 Global Cloth Wardrobe Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 GudXon
14.3.2 Chaojie
14.3.3 Homeplus
14.3.4 Home 81
14.3.5 MHJ
14.3.6 YiYIN
14.3.7 EASI
14.3.8 Homestar
14.3.9 HMAI
14.3.10 Changrongyigui
14.3.11 Baoyouni
14.3.12 Homestar