US Cabinet Market Report: 2008 Edition

US Cabinet Market Report: 2008 Edition published by Koncept Analytics in September, 2008. This report consists of 28 pages and the price starts from US $ 800.

Introduction

Abstract

The present report studies the cabinet market as one of the highly fragmented markets. Residential buildings, in particular, account for the largest share of the cabinet demand across the world. Consumers nowadays have become more conscious about having healthy environment around their home and about adopting “going green” concept. In addition, they have become concerned about the “Style” factor, which is a key trend prevalent in cabinet market. In terms of cabinet imports in the U.S., Canada is a major importer. The primary factors driving the demand for the cabinet market are growing residential constructions and other home improvement activities, mainly in North America and Europe.

Remodeling expenditures in particular are primarily driving the growth in cabinet industry along with a surge in new residential construction. An aged, baby boom population is also adding up to the growth factor. This section of population is too large in number and the amount of wealth they have will continue to influence all areas of the economy. There are three major players in the U.S. cabinet market namely Masco, Fortune Brands, and American Woodmark, who share roughly half of the total cabinet market in the country.

This report, in particular, analyzes the US cabinet market and highlights market environment and cabinet segments prevailing in the country. In addition, growth drivers and key issues impacting the market are also analyzed to build up a scenario that presents a clear outlook of the market. The report also discusses profiles and market shares of major players with a focus on their business strategies.

Key Findings

• New residential constructions account for approximately 35% of cabinet sales in the U.S., while home improvement accounts for the remaining 65%.
• US cabinet market was US$10.5 billions in 2003 as compared to US$12.5 billion in 2007.
• In terms of dollar volume, almost 52% of all cabinet sales are made to kitchen dealers. Following by builders who account for 19%, with 17% going to home centers and 10% to other distributors.
• Office furniture shipments grew at the rate of 5.1% per year in the country from 2002 to US$11.4 billion in 2007. The surge was supported by a strong increase in office construction expenditures.
• Shipments of storage units and files in the country grew at an aboveaverage annual rate of 5.5% from 2002 to US$2.4 billion in 2007. The growth was mainly helped by improved business activity, among other things.

Table of Contents

• 1. Industry Structure
• 2. Industry Overview
  • 2.1 Market Value and Segments
  • 2.2 U.S. Domestic Imports
  • 2.3 U.S. Domestic Exports
• 3. Industry Trends
  • 3.1 Increasing Focus on Design
  • 3.2 Green Initiatives
  • 3.3 Industry Raw Material and Manufacturers
  • 3.4 Residential Buildings to Remain Dominant Market.
• 4. Growth Driver
  • 4.1 Residential Remodeling Growth
  • 4.2 Product Innovation and Brand Awareness
  • 4.3 Baby Boomer Population Shaping Remodeling Market
• 5. Key Issues
  • 5.1 Reducing Employment Level
  • 5.2 Declining Housing Demand
  • 5.3 Increasing Raw Material Costs
  • 5.4 Slower Consumer Spending
• 6. Competitive Landscape
  • 6.1 Major Player Market Share
  • 6.2 Comparative Analysis of Major Players
• 7. Company Profiles
  • 7.1 American Woodmark
  • 7.2 Masco Corporation
  • 7.3 Fortune Brands Inc
• 8. Market Outlook
• 9. Appendix
  • Countertops
  • European Union

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