Kitchen Cabinet Global Market Report 2023

“Kitchen Cabinet Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on kitchen cabinet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

Reasons to Purchase

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• Outperform competitors using forecast data and the drivers and trends shaping the market.
• Understand customers based on the latest market shares.
• Benchmark performance against key competitors.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for kitchen cabinet? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The kitchen cabinet market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of COVID-19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Type: Ready To Assemble (RTA); Stock Kitchen Cabinets; Semi Custom Kitchen Cabinets; Custom Kitchen Cabinets
• 2) By Raw Material: Wood; Metal; Other Raw Materials
• 3) By Distribution Channel: Retail; Online; Other Distribution Channels
• 4) By Application: Home; Restaurants; Other Applications
• Companies Mentioned: Leicht Kitchen AG; IKEA; Master Brand cabinet; Nobilia; Cabinetwork Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

Major players in the kitchen cabinet market are: Leicht Kitchen AG, IKEA, Master Brand cabinet, Nobilia, Cabinetwork Group, American Woodmark, Lixil, Zbom, Takara Standard, Oppein, Cleanup Corporation, Hanssem, Bulthaup, Poggenpohl Kitchens, JPD Kitchen Depod, Canyon Creek Cabinet Company, Leggett & Platt Incorporated, GoldenHome Living Co.Ltd., and Fabuwood Cabinetry.

The global kitchen cabinet market is expected to grow from $134.40 billion in 2022 to $147.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The kitchen cabinet market is expected to reach $199.99 billion in 2027 at a CAGR of 8.0%.

The kitchen cabinet consists of the sale of wall kitchen cabinets, flat panel kitchen cabinets, beaded kitchen cabinets, and tall-standing kitchen cabinets. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

Kitchen cabinet refers to a built-in cupboard in the kitchen or a chest of drawers for the kitchen area to store crockery and cutlery. It is used for storing dishes, silverware, and cooking equipment.

Asia-Pacific was the largest region in the XX market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in kitchen cabinet report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The main types of kitchen cabinets are ready-to-assemble (RTA), stock kitchen cabinets, semi-custom kitchen cabinets, and custom kitchen cabinets. Stock cabinets, sometimes referred to as stock kitchen cabinets are cabinet boxes that are constructed by the manufacturer using measurements and designs that are accepted throughout the industry. The various raw material includes wood, metal, and others that are distributed through various distribution channels such as retail, online, and others. These are used in various applications such as homes, restaurants, and others.

Increasing construction of residential buildings is expected to propel the growth of the kitchen cabinet market going forward. Residential buildings comprise all structures designed for private occupancy, whether permanent or temporary, equipped with the amenities and utilities needed to meet the needs of an individual or family. Kitchen cabinets are frequently needed to store a variety of products such as store equipment, cookbooks, and baking and cooking supplies in residential buildings. For instance, in March 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development published statistics, privately owned home completions were at a seasonally adjusted annual rate of 1,557,00 in February. This is 12.2% (±15.0%) higher than the revised January estimate of 1,388,000 and 12.8% (±16.2%) higher than the February 2022 rate of 1,380,000. Therefore, the increasing construction of residential buildings is driving the growth of the kitchen cabinet market.

Technology innovations are a key trend gaining popularity in the kitchen cabinet market. Companies operating in the kitchen cabinet market are adopting new technologies to sustain their position in the market. For instance, in May 2022, Hafele Ltd., a UK-based manufacturer and distributor of innovative furniture fittings launched Matrix drawer and runner system technology in kitchen cabinets. This premium drawer system has packed with state-of-the-art technology that improves movement and gives the cabinet more functionality and flair. The collection includes a beautiful, streamlined thin wall drawer system and a premium double-walled box system called matrix box premium.

In January 2021, Kith Kitchens, a US-based cabinet company acquired Mouser custom cabinetry for an undisclosed amount. With this acquisition, Kith will get access to Mouser's stellar reputation and premium kitchen and bathroom cabinetry product line. Mouser custom cabinetry is a US-based cabinet company operating in the kitchen cabinets market.

The countries covered in the kitchen cabinet market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The kitchen cabinet market research report is one of a series of new reports from The Business Research Company that provides kitchen cabinet market statistics, including kitchen cabinet industry global market size, regional shares, competitors with a kitchen cabinet market share, detailed kitchen cabinet market segments, market trends and opportunities, and any further data you may need to thrive in the kitchen cabinet industry. This kitchen cabinet market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.