Storage - Finland

  • Finland
  • Revenue in the Storage market is projected to reach US$295.30m in 2024.
  • Revenue is expected to show an annual growth rate (CAGR 2024-2029) of 8.34%, resulting in a market volume of US$440.80m by 2029.
  • The average Spend per Employee in the Storage market is projected to reach US$102.40 in 2024.
  • In global comparison, most revenue will be generated in the United States (US$23,930m in 2024).

Key regions: United Kingdom, Brazil, India, China, Indonesia

 
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Analyst Opinion

The Storage market in Finland has been witnessing steady growth in recent years, driven by various factors impacting consumer behavior and market dynamics.

Customer preferences:
Customers in Finland are increasingly valuing storage solutions that offer a balance between functionality and design. With a growing trend towards minimalist and sustainable living, there is a preference for storage options that are not only practical but also aesthetically pleasing. Additionally, there is a rising demand for customizable storage solutions to cater to individual needs and space requirements.

Trends in the market:
One of the notable trends in the Storage market in Finland is the shift towards multifunctional storage solutions. As living spaces in urban areas become more compact, there is a greater emphasis on maximizing storage capacity while minimizing the physical footprint. This has led to an increase in the popularity of storage furniture that serves dual purposes, such as storage ottomans or beds with built-in drawers.

Local special circumstances:
Finland's unique design heritage and emphasis on functionality have influenced the storage market in the country. Finnish design is renowned for its simplicity, practicality, and durability, which are qualities that resonate with consumers looking for storage solutions. This emphasis on quality craftsmanship and timeless design has positioned Finnish storage brands well in the market, both domestically and internationally.

Underlying macroeconomic factors:
The stable economic environment in Finland has supported the growth of the storage market, with consumers feeling more confident in making investments in home furnishings. Additionally, the increasing urbanization and trend towards smaller living spaces in urban areas have driven the demand for innovative storage solutions. As disposable incomes rise and consumer preferences evolve, the storage market in Finland is expected to continue its positive trajectory.

Methodology

Data coverage:

The data encompasses B2B enterprises. Figures are based on hardware-related expenses of businesses for setting up and maintaining an IT infrastructure.

Modeling approach / Market size:

Market sizes are determined through a top-down approach, building on a specific rationale for each market segment. As a basis for evaluating markets, we use annual financial reports and national statistical offices. In addition, we use relevant key market indicators and data from country-specific associations, such as GDP and level of digitization. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques, such as exponential trend smoothing and the S-curve function, is based on the behavior of the relevant market.

Additional notes:

The data is modeled using current exchange rates. The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war is considered at a country-specific level.

Overview

  • Revenue
  • Key Players
  • Analyst Opinion
  • Global Comparison
  • Methodology
  • Key Market Indicators
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