United States Garage Furniture Market Insights Report 2024: A US$3.17 Billion Market by 2029, Registering 2.2% Compound Annual Growth from 2023-2029 [Yahoo! Finance]
Container Store (The) (TCS)
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Source: Yahoo! Finance
The U.S. garage furniture market is expected to grow at a CAGR of 2.2% from 2023-2029, from USD 2.78 Billion in 2023, to reach USD 3.17 Billion by 2029. The bench and table product segment is growing significantly, with the fastest-growing CAGR of 3.01% in the U.S. garage furniture market. The segment is driven by increasing interest in multifunctional workbenches equipped with integrated storage, lighting, and power outlets. Also, there is a shift towards durable and weather-resistant materials for outdoor use. There is a growing demand for versatile benches that serve as workspace and storage solutions and a preference for foldable or modular tables to optimize space in smaller garages. Based on distribution channels, the big box stores segment holds the largest share of over 50% in the U.S. garage furniture market. The segment is growing due to its function of leveraging large spaces to provide an extensive selection catering to diverse consumer needs. Big box stores are also
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TCS
Earnings
- 2/6/24 - Beat
TCS
Sec Filings
- 3/29/24 - Form 4/A
- 3/29/24 - Form 4/A
- 3/29/24 - Form 4/A
- TCS's page on the SEC website