The number of manufacturers in the FDMC 300 involved in closets, mudrooms, laundry rooms, garages and specialty room projects continues to increase, a testament to the diversity of the industry and the strength of the home organization market. Published annually, the FDMC 300 report tracks the largest wood products manufacturers in North America and ranks them by sales.
Of the 300 companies ranked in 2024, roughly 16 percent identified as being involved fully or partially in the closets and home organization industry; partial involvement was defined as kitchen and bath cabinet companies that also produce products for other rooms. When combined, the cabinetry and closet/home organization industry comprised $15.8 billion – approximately 20.9 percent – of the $75.5 billion sales achieved by all FDMC 300 companies in 2023.
Looking ahead
What are companies in the closets and related industries projecting for 2024 and beyond? In general, noted Amanda Conger, executive director of the ACSP-Association of Closet & Storage Professionals, “ACSP members anticipate surpassing 2023 sales in 2024, driven by shifting consumer needs post-pandemic, particularly the demand for home organization solutions. However, designers are advised to not only concentrate on sales figures but also on marketing their expertise to navigate a slight industry dip.”
She added, “Projections for 2025 sales are rated as ‘good,’ reflecting sustained consumer interest in home improvement and organization. Despite this optimism, concerns linger about workforce shortages impacting the industry’s growth trajectory.” Conger is also the executive director of the National Woods Board, an organization with the mission “to help build an industry-ready, trained workforce.”
In addition to workforce recruitment and retention, top concerns include economic stability and supply chain disruptions. Additionally, designers must adapt to evolving consumer preferences, such as the shift in lighting trends from functional to design-centric solution,” Conger noted.
Regarding opportunities, “The industry can capitalize on the rise of smart home technology by innovating storage solutions. Moreover, embracing sustainable practices and offering eco-friendly products aligns with consumer preferences, fostering industry growth amidst changing market dynamics.”
Updates of FDMC 300 are posted throughout the year at WoodworkingNetwork.com/FDMC-300. For more information, contact [email protected]. The 2024 FDMC 300 is sponsored by IMA Schelling Group.
The 2024 FDMC 300 involved in the closets and home organization segment include the companies listed below. The sales figures of privately owned firms should be considered as an estimate.
![FDMC 300 2024](https://wwn-files-live.s3.us-east-2.amazonaws.com/s3fs-public/2024-06/FDMC-300-2024-Closets-chart.jpg?VersionId=nvmBHARyV8YmEHcYr3GtbNHL8pF6FotF)
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