I replaced my 2 piece Craftsman tool chest that I have had for about 29 years with a 72" unit from Home Depot that was big enough to handle all of my hand tools, I must have had 5 tool boxes with extra tools that I combined along with my hand tools for wood working, you end up with a lot of tools after 47 years as a millwright. I built shelves all around the garage high enough to fit machines below them and then installed florescent light fixtures on the bottom of the shelves. Machines such as my Joiner/Planer, 19/38 Super Max Drum Sander, Dust vacuum system, 4 HP compressor and the Router cabinet I am building now are all on casters or wheels and can be moved when needed. My lathe, bench grinder, Mortising machine, Band saw, 12" bench mounted drill press, Belt/Disk sander and 12" Miter saw are all stationary although my next project will be a miter saw station which I may also place on casters.
I had a web site for many years where I built and sold mid 19th century furniture, mostly items from around the period of the Civil War and everything was built the same, just using modern day tools and glues. My shop was in Carlisle and offered more than enough room and allowed me to have a 12' by 12' assembly table. Space in my shop now is really at a premium and every piece has to be in its place...Its neater but then its constantly being cleaned.