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Market Research Report - 244834

Cabinets (US Market & Forecast)

Published by Freedonia Group
Published Content info 383 Pages
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Cabinets (US Market & Forecast)
Published: January 31, 2016 Content info: 383 Pages
Description

US demand to rise 6.3% annually through 2019

US demand for cabinets is projected to advance 6.3 percent annually to $17.3 billion in 2019, spurred by continuing consumer interest in kitchen and bathroom renovation projects. Even during the aftermath of the 2007-2009 recession, when residential improvement and repair activity was relatively subdued, kitchen renovations and the installation of additional bathrooms were popular home improvement projects. Going forward, improving economic conditions will further encourage homeowners to expand and refurbish their kitchens and bathrooms -- projects that nearly always include cabinet replacement and installation. Not only will more cabinets be installed, but many of these cabinets will feature hardwood lumber construction and such amenities as pull-out shelving, storage racks for wines and spices, and integrated lighting.


New housing to be fastest growing cabinet application

While residential improvement and repair applications will account for the largest share of additional US cabinet demand through 2019, the new housing segment is expected to see the most rapid growth, driven by double-digit annual advances in single-family housing completions. Single-family homes are larger in size than other housing types and thus have more space for cabinetry. Additionally, style trends that call for homes to have larger kitchens and multiple bathrooms will boost cabinet demand. Builders will install more and larger cabinets -- such as kitchen cabinets used to conceal appliances and multiple vanities in a master bathroom -- in these rooms to make their homes more appealing to potential buyers.

Kitchen cabinets to remain dominant product segment

Among cabinet types, kitchen cabinets accounted for the vast majority of demand in 2014 and are expected to remain so going forward. Strong growth in residential building construction expenditures and continuing consumer interest in the use of cabinets as storage options will spur growth. Value demand advances will also be supported by consumer interest in cabinets that are more aesthetically pleasing or enhance kitchen convenience. Semicustom and custom cabinets made from hardwood lumber that feature intricate carvings and designs will be specified by those looking to beautify their homes, while busy cooks will opt for deeper cabinets that provide more storage space, equipped with easy-to-open doors and readily accessible shelving and storage racks.

Trends favoring more bathroom cabinets

Demand for bathroom cabinets is forecast to reach $1.9 billion in 2019. Over the past decade, the number of newly built residences with two or more bathrooms has risen; this trend is expected to continue going forward. Moreover, more homeowners will add bathrooms as part of renovation projects. Most of these bathrooms will include at least a medicine chest for storing medications and personal items, while larger-sized bathrooms can feature one or more vanities to provide a more discreet storage alternative to open shelving. Many builders -- especially in the multifamily housing segment -- will specify wall-mounted cabinets to preserve floor space for plumbing fixtures. Demand for other cabinets -- such as garage and laundry and mudroom cabinets -- will rise as builders and homeowners look for aesthetically pleasing alternatives to shelves and racks.

Study coverage

This Freedonia industry study, Cabinets presents historical demand data (2004, 2009 and 2014) plus forecasts (2019 and 2024) by material, product, market and US region. The study also considers market environment factors, evaluates company market share and profiles 40 US industry players.

This study can help you:

  • Determine your market & sales potential
  • Learn more about industry competitors
  • Assess new products & technologies
  • Identify firms to merge with or acquire
  • Complement your research & planning
  • Gather data for presentations
  • Confirm your own internal data
  • Make better business decisions
Table of Contents

Table of Contents

INTRODUCTION

I. EXECUTIVE SUMMARY

II. MARKET ENVIRONMENT

  • General
  • Macroeconomic Trends
  • Demographic Trends
  • Consumer Trends
    • Consumer Spending
    • Consumer Finance
  • Building Construction
    • Residential Buildings
      • Housing Completions
      • Housing Stock
      • Improvements & Repairs
    • Nonresidential Buildings
      • New
      • Nonresidential Building Stock
      • Improvements & Repairs
  • Transportation Equipment Shipments
  • Historical Market Trends
  • Cabinet Pricing Trends
  • Regulatory & Environmental Trends
    • Environmental Issues
    • Green Building Standards
      • LEED
      • Other Certification Programs
    • Indoor Air Quality
      • Formaldehyde
      • Other VOCs
    • Environmental & Other Certifications
  • US Foreign Trade
    • Imports
    • Exports
  • World Cabinets Overview

III. MATERIALS

  • General
  • Wood-Based Materials
    • Lumber
      • Hardwood Lumber
      • Softwood Lumber
    • Engineered Wood
      • Particleboard
      • Plywood
      • MDF
      • Other Engineered Wood
    • Wood Veneer
  • Nonwood Materials
    • Decorative Laminates
      • Material Characteristics
      • Material Development
    • Metal
    • Glass & Other Materials
  • Cabinet Demand by Material

IV. PRODUCTS

  • General
  • Kitchen Cabinets
    • Demand by Market
    • Kitchen Cabinet Characteristics
    • Kitchen & Cabinet Design Trends
      • Kitchen Design Trends
      • Cabinet Design Trends
    • Demand by Material
    • Demand by Type
    • Demand by Construction Method
      • Stock
      • Semicustom
      • Custom
  • Bathroom Cabinets
    • Vanities
    • Other Bathroom Cabinets
    • Demand by Material
  • Other Cabinets
    • Store Fixture Cabinets
    • All Other Cabinets
      • Entertainment Center Cabinets
      • Home Office Cabinets
      • Laundry & Mudroom Cabinets
      • Garage Cabinets
      • Miscellaneous Cabinets
    • Demand by Material

V. MARKETS

  • General
    • Demand by Market & Application
  • Residential
    • New
    • Improvements & Repairs
    • Demand by Material
    • Demand by Housing Type
      • Single-Family
      • Multifamily
      • Manufactured Housing
  • Nonresidential
    • New
    • Improvements & Repairs
    • Demand by Material
    • Demand by Building Type
      • Office & Commercial
      • Institutional
      • Other
  • Nonconstruction
    • Demand by Product & Application
    • Demand by End Use
    • Demand by Material

VI. REGIONS

  • General
  • Regional Demographic & Economic Trends
    • Population Patterns
    • Economic Outlook
    • Regional Construction
    • Housing Trends
  • Regional Demand for Cabinets
    • Northeast
      • New England
      • Middle Atlantic
    • Midwest
      • East North Central
      • West North Central
    • South
      • South Atlantic
      • East South Central
      • West South Central
    • West
      • Mountain
      • Pacific

VII. INDUSTRY STRUCTURE

  • General
  • Industry Composition
  • Market Share
  • Competitive Strategies
  • Product Development
  • Manufacturing
    • Plant Openings
    • Raw Materials
    • Manufacturing Technologies
  • Marketing
  • Distribution
  • Mergers & Acquisitions
  • Cooperative Agreements
  • Company Profiles

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

  • Summary Table

SECTION II -- MARKET ENVIRONMENT

  • Macroeconomic Indicators
  • Population & Households
  • Personal Consumption Expenditures
  • Consumer Financing Environment, 2004-2014
  • Building Construction Expenditures
  • Residential Building Construction Expenditures
  • New Housing Indicators
  • Housing Stock by Type
  • Residential Improvement & Repair Expenditures
  • Nonresidential Building Construction Expenditures
  • Nonresidential Building Stock
  • Nonresidential Building Improvement & Repair Expenditures
  • Transportation Equipment Shipments
  • US Cabinet Market, 2004-2014
  • US Cabinet Foreign Trade

SECTION III -- MATERIALS

  • Materials Used in Cabinet Production
  • Wood-Based Materials Used in Cabinet Production
  • Lumber Use in Cabinet Production
  • Engineered Wood Use in Cabinet Production
  • Wood Veneer Use in Cabinet Production
  • Nonwood Materials Used in Cabinet Production
  • Decorative Laminates Use in Cabinet Production
  • Metal Used in Cabinet Production
  • Glass & Other Materials Used in Cabinet Production
  • Cabinet Demand by Material

SECTION IV -- PRODUCTS

  • Cabinet Supply & Demand
  • Kitchen Cabinet Demand by Market
  • Kitchen Cabinet Demand by Material
  • Kitchen Cabinet Demand by Type
  • Kitchen Cabinet Demand by Construction Method
  • Stock Kitchen Cabinet Demand by Market
  • Semicustom Kitchen Cabinet Demand by Market
  • Custom Kitchen Cabinet Demand by Market
  • Bathroom Cabinet Demand by Market & Type
  • Bathroom Vanity Demand by Market
  • Other Bathroom Cabinet Demand by Market
  • Bathroom Cabinet Demand by Material
  • Other Cabinet Demand by Market & Type
  • All Other Cabinet Demand by Type
  • Other Cabinet Demand by Material Type

SECTION V -- MARKETS

  • Cabinet Demand by Market & Application
  • Residential Cabinet Demand by Product & Application
  • New Residential Cabinet Demand by Product
  • Residential Improvement & Repair Cabinet Demand by Product
  • Residential Cabinet Demand by Material
  • Residential Cabinet Demand by Housing Type
  • Single-Family Housing Cabinet Demand
  • Multifamily Housing Cabinet Demand
  • Manufactured Housing Cabinet Demand
  • Nonresidential Building Cabinet Demand by Product & Application
  • New Nonresidential Cabinet Demand by Product
  • Nonresidential Building Improvement & Repair
  • Cabinet Demand by Product
  • Nonresidential Building Cabinet Demand by Material
  • Nonresidential Building Cabinet Demand by Building Type
  • Office & Commercial Cabinet Demand by Application
  • Institutional Cabinet Demand by Application
  • Other Nonresidential Building Cabinet Demand by Building Type & Application
  • Nonconstruction Cabinet Demand by Product Type & Application
  • Nonconstruction Cabinet Demand by End Use
  • Nonconstruction Cabinet Demand by Material

SECTION VI -- REGIONS

  • Population by Region
  • Gross Domestic Product by Region
  • Construction Expenditures by Region
  • Regional Housing Indicators
  • Cabinet Demand by Region
  • Northeast: Cabinet Demand by Subregion & Market
  • Midwest: Cabinet Demand by Subregion & Market
  • South: Cabinet Demand by Subregion & Market
  • West: Cabinet Demand by Subregion & Market

SECTION VII -- INDUSTRY STRUCTURE

  • US Cabinet Revenues for Selected Manufacturers, 2014
  • Selected Acquisitions & Divestitures
  • Selected Cooperative Agreements

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

  • Year of Construction of Housing Stock, 2014
  • Cabinet Market, 2004-2014
  • Annualized Price Changes, 2004-2024
  • US Cabinet Imports by Source, 2004 vs. 2014
  • US Cabinet Exports by Destination, 2014

SECTION III -- MATERIALS

  • Engineered Wood Use in Cabinet Production, 2014

SECTION IV -- PRODUCTS

  • Kitchen Cabinets Installed in New Single Family Housing, 2004-2024
  • Frameless Cabinet Adoption Rates: Single-Family Housing vs.
  • Multifamily Housing, 2004-2014

SECTION VI -- REGIONS

  • Cabinet Demand by Region, 2014

SECTION VII -- INDUSTRY STRUCTURE

  • US Cabinet Market Share, 2014
  • US Cabinet Distribution Channels, 2014
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