Wardrobe Market Size, Share & Industry Analysis, By Material (Wood, Metal, Glass and Others), By Category (Manual and Automated), By Application (Residential and Commercial), By Distribution Channel (Online and Offline), and Regional Forecast, 2024-2032

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. Asia Pacific dominated the wardrobe market with a market share of 42.54% in 2023.

A wardrobe/closet/cabinetry is a piece of furniture equipped with drawers, shelves, and hanging spaces for storing clothes, shoes, and accessories. Closets are integral in interior design as they make a room look more attractive and can be customized according to user preferences. At a macro level, rapid urbanization and increasing standard of living to favor the global wardrobe market growth.

Numerous instances of new product launches by key industry participants signify industry expansion. For instance, in August 2020, Plüsch, an Indian furniture store, launched bespoke cabinets by Schmalenbach, a luxury German furniture brand. The closets are available in various materials and finishes and are intended to offer specific solutions to users' unique customization requirements. New product launches will increase the global market share in the forthcoming years.

The COVID-19 pandemic has significantly affected product sales as numerous countries imposed lockdowns in 2020 to curb the spread of the virus. This factor resulted in severe supply chain disruptions, raw material shortages, and production delays. Furthermore, the temporary closure of furniture studios and stores declined product sales, most notably in 2020. However, 2021 witnessed a gradual market recovery as a sizable number of individuals worldwide were confined to their homes and paid more attention to interior design and home improvement. In this respect, the rising role of homes as workspaces and education centers boosts the demand for all types of home furnishing products.

Wardrobe Market Trends

Technologically Advanced Cabinetry to Accelerate Market Growth

Prominent market players are developing cabinets with technologically advanced features that enable users to manage their clothes. Smart cabinets with features such as LED lighting that goes on and off automatically, a motorized system, and automatic doors positively influence the global wardrobe market trends. For instance, in January 2020, Samsung, a Seoul, South Korea-based conglomerate, launched AirDresser, a smart closet designed to kill 99.9% of all viruses, including the coronavirus, by steaming the items stored.

This closet can also remove dust while sanitizing the clothes. The product uses jets of air and steam inside the hangers and the interior walls to remove lingering wrinkles, odors, and allergens. The product can be connected to Samsung's SmartThings app, which allows users to organize cleaning cycles remotely from their smartphones. The launch of such innovative products facilitates global market expansion.  

Wardrobe Market Growth Factors

Increasing Popularity of Interior Design and Home Décor to Favor Market Expansion

The increasing use of cabinetry for interior design and home décor fuels product demand. Closets can be customized and personalized according to the user’s need and to match the color, texture, and style of the room. Manufacturers also focus on developing closets in various finishes, designs, and materials that add aesthetic beauty to the room and provide adequate space to store clothes and accessories.

For instance, in December 2020, Alsorg, a Gurugram, India-based furniture manufacturer, launched two new glass closets designed to add luxury to bedrooms. The closets feature a range of surface finishes, colors, and materials. The product is designed to expand bedrooms to the dressing area.

At a macro level, the increasing popularity of smart wardrobes, notably across European and North American markets, is expected to favor global market expansion throughout the forecast timeframe. Smart wardrobes can include specifications, such as LED lighting, mobile connectivity, and motion detection, enabling users to control the humidity, temperature, and lighting inside closets. Technological advancements will encourage industry participants to revolutionize luxury closets in the near term. In this respect, prominent industry participants will emphasize ‘3D modelling’ in the coming years to design highly accurate and detailed representations of product designs to stay competitive and achieve product differentiation. The 3D modelling concept allows designers to create realistic and accurate virtual wardrobe models, allowing prospective clients to visualize the final product design before manufacturing.

Rapidly Evolving Housing and Hotel Industry to Accelerate Product Adoption

The rapidly evolving global housing and hotel industry significantly fuels the industry expansion as the increasing construction and sales of new homes propel product demand. For instance, according to the National Association of Realtors, a Chicago, U.S.-based association focusing on the real estate industry, home sales reached USD 5.34 million in 2019 from USD 4.34 million in 2009. Moreover, numerous new hotel, resort, and inn openings with numerous rooms will trigger product adoption throughout the forecast timeframe. For instance, in April 2022, Hard Rock Hotel was opened in New York, U.S., with 446 rooms.

RESTRAINING FACTORS

Rising Consumer Awareness Regarding Deforestation and Loss of Biodiversity to Hamper Product Adoption

The production of wood-based cabinetry leads to deforestation and loss of biodiversity as the growing demand for wooden cabinetry translates into the cutting down of numerous trees to obtain raw materials. Ash, maple, walnut, beech, oak, pine, and cherry trees are typically cut down to manufacture cabinetry. Although trees are renewable, they are a limited resource, and replacing lost ones with new trees takes a considerably long time. The increasing deforestation and growing awareness regarding environmental protection are likely to hamper the market growth. In addition, the high cost of smart cabinetry offering technologically advanced features affects the demand among lower-income groups and market growth.

Wardrobe Market Segmentation Analysis

By Material Analysis

Resistance, Strength, and Durability to Accelerate Demand for Wooden Cabinetry

Based on material, the global market is segmented into wood, metal, glass, and others. The Wood segment dominated the global market in 2023 owing to the high demand for high-quality cabinetry with superior strength and resistance. The durability of wood cabinetry also makes them a reliable investment. Moreover, these closets are easy to maintain and available in various shades and designs.

The demand for metal and glass materials is expected to grow considerably in the coming years. Glass cabinets are designed to give a modern and aesthetic look. In addition, the availability of different types of glasses, such as printed, opaque, stained, and frosted, provides opportunities for experimentation. Furthermore, high durability and easy maintenance positively influence consumer preferences towards glass-based cabinetry.

By Category Analysis

Affordability to Drive Manually-operated Closet Sales

By category, the market is segmented into manual and automated. The manual segment led the global market in 2023 due to easy availability, easy maintenance, and affordable product cost. Automated closets with advanced features, including automated sliding doors and lighting, are also gaining widespread attention. An expanding consumer base of tech-savvy individuals preferring technologically advanced products further contributes to the increasing adoption of automated closets worldwide. However, automated cabinetry's high cost and maintenance hampers their demand.

By Application Analysis

Rapid Urbanization to Boost Product Sales in the Residential Sector

By application, the global market is divided into residential and commercial. The residential segment is expected to dominate the market throughout the forecast period. Rapid urbanization and the increasing number of households worldwide contribute to segmental growth. For instance, according to The Office for National Statistics, a national statistical institute of the U.K., in 2021, there were approximately 28.1 million households, approximately a 6.3% rise over the last ten years. Wardrobe storage options differ based on a customer’s preferences. In this respect, cabinetry in the residential space can feature several sections, including wardrobes with drawers, shelves, and barbell hangers. It has cabinets can also feature additional storage options to accommodate modules for footwear, hangers for belts, and holders for ties.

The commercial segment is growing rapidly driven by growth in the hospitality and accommodation sectors, including hotels, motels, and resorts, backed by rising travel and tourism globally. Sliding cabinetry doors are becoming increasingly popular in the commercial sector, given their ease of operation. Wardrobes with mirrors and sliding door options are also ideal in commercial applications due to their contemporary appeal. Free-standing closets are the most traditional models in cabinetry and are popular among ordinary hotels and similar commercial spaces.

By Distribution Channel Analysis

Offline Segment to Retain its Prominence Owing to Rising Popularity Various Furniture

By distribution channel, the market is categorized into online and offline. Offline emerged as the leading segment in 2023, given the rising popularity of furniture and brand stores for cabinet purchases. Offline retail channels also allow customers to inspect the product's quality and attributes physically.

Key market participants expand their offline presence by launching new stores in key locations. For instance, in March 2022, Wurfel, an Indian furniture brand, opened its first retail studio in New Delhi, India. The online segment is anticipated to grow considerably in the forecast period. The rising internet penetration and technological awareness increase consumer exposure to online shopping and contribute to significant product sales in the e-commerce/online space.

REGIONAL ANALYSIS

The market is analyzed across North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Asia Pacific accounted dominated the global wardrobe market share in 2023. This region is a major production attributed to the presence of a large number of small-scale and large-scale players in the region, including Godrej Interio, IKEA, Suofeiya, and PA Cabinets. The increasing furniture production in countries including China, India, and Japan further favors the Asia Pacific market's expansion. In addition, rapid growth in the commercial and residential sectors is expected to fuel the product demand in the coming years. For instance, according to Knight Frank India report, a real estate agency based in India, home sales in the country’s eight major residential markets grew by 40% to 232,396 units until September 2022, compared to 163,426 units in the same period in 2021.

North America was one of the major markets in 2023 that benefitted from the rising trends of home décor and interior design. North American consumers typically prefer cabinets in different colors, designs, and materials to make the room look more attractive. The evolving regional hotel industry further contributes to market expansion.

According to California Hotel Development Survey by Atlas Hospitality Group, a U.S.-based real estate agency, California witnessed 11,795 new rooms across 92 hotels in 2019. The state also had 212 hotels with 28,102 rooms under construction as of 2019. Moreover, there were 1,199 hotels with 159,711 rooms in various planning stages, according to the report, representing a 7 % rise in room count over 2018. The increasing number of hotel rooms will likely fuel the product demand countrywide in the forthcoming years.

Wardrobe designs in Europe typically complement various elements of interior designs/ home décor, ranging from furniture and flooring to lighting. As is the trend across international markets, wooden options are the most popular in European homes. Due to its extensive and cheap availability across European countries, European cabinetry manufacturers usually prefer oak as their primary raw material.

International product trends positively influence the Middle East & African, and South American markets. The Middle East is one of the world’s biggest importers of cabinetry, with most products coming from China, Italy, Malaysia, and Turkey. Saudi Arabia and the UAE are the major markets in the Middle East. While Saudi Arabia typically relies on imported closet consumption, the UAE focuses on re-exports of various furniture, including cabinetry.

List of Key Companies in Wardrobe Market

Key Players Develop Closets with Innovative Features and Designs to Stay Competitive

Key industry participants adopt various competitive strategies, such as launching new products and expanding distribution channels, to gain a competitive edge. Recent years have witnessed various industry participants developing closets with innovative features and designs to attract customers. For instance, in April 2021, Racking Solutions Ltd., a U.K.-based racking and storage solutions company, launched the extendable chrome cabinet, its new range. The new product features ten shelves, three tilted shoe storage racks, and two heavy-duty clothes rails.

List of Key Companies Profiled:

• 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)

KEY INDUSTRY DEVELOPMENTS:

• January 2023 – WoodenStreet, an Indian furniture brand, opened its 8th Experience Store in Mumbai. The company operates experiential stores in other cities, including Bengaluru and Jaipur. The new store offers furniture and home décor products.  


• October 2022: Carlton London, a British lifestyle brand, expanded its home furnishings range in India through Flipkart, an Indian e-commerce company. The brand introduced its range of furniture on the e-commerce website to connect with more customers across the country and expand its selection during the festive season. The brand’s Home products include closets, beds, sofas, mattresses, and TV units under its furniture range.


• August 2022: Duraster, an Indian wood furniture manufacturer, announced plans to create an omnichannel experience for its customers by opening three experiential stores across India, including Pune, Mumbai, and Bengaluru. Augmented Reality is the key feature of these stores, allowing customers to visualize furniture before making the purchase decision.


• May 2022 – Häfele, a German company specializing in furniture fittings and architectural hardware headquartered, launched its new SLIDO F-line42 wardrobe systems, featuring double-sided soft opening and closing features. The systems are equipped with the Smuso damper technology, allowing smooth and soft slide movement.


• April 2022: WoodenStreet, an Indian Furniture & home decor brand, raised nearly USD 30 million in a funding round led by WestBridge Capital, a U.K.-based capital market company. The company offers a range of home solutions, including cabinets.

REPORT COVERAGE

The market research report provides a detailed analysis of the market and focuses on key aspects such as leading companies, material analysis, categorization, leading applications of the product, and key distribution channels. Besides, the report offers insights into the industry trends and highlights key industry developments. In addition to the factors above, the report encompasses several factors that contributed to the growth of the market in recent years.

Report Scope & Segmentation