Although housing completions will remain below the level reached at their cyclical peak in 2006,
the expected recovery will fuel gains in the residential market for cabinets through 2016.
US demand to rise 8.2%
annually through 2016
US demand for cabinets is forecast to
rise 8.2 percent annually to $15.3 billion
in 2016. Growth will be driven by a
rebound in housing completions from a
depressed 2011 base. Although housing
completions will remain below the level
reached at their cyclical peak in 2006,
the expected recovery will fuel gains in
the residential market.
Residential market has
best growth prospects
The residential market accounts for the
largest share of cabinet demand, so the
turnaround in residential building construction
spending will drive gains. The
new housing segment will see the most
rapid advances, although growth will
also be supported by the improvement
and repair market. Kitchen and bathroom
renovations are a popular home improvement
project, as homeowners will
renovate these rooms to modernize
them and improve their appearance.
Cabinet replacement is often a part of
these projects. Also, homeowners who
were unable to engage in renovation
projects during the 2007-2009 recession
will undertake these projects as economic
Among cabinet types, the dominant
kitchen cabinet segment will see the
fastest growth. Demand will also be
boosted by design trends that call for
homes with more and larger cabinets to
store food products and cookware.
Growing demand for cabinets with valueadded
amenities, such as pull-out
drawers and shelves, wine racks, and
other features that improve kitchen
convenience, will also boost gains.
Demand for bathroom cabinets is
forecast to grow 6.5 percent per year to
$1.8 billion in 2016. Design trends that
call for homes with multiple bathrooms
will support demand, as these rooms
frequently include medicine chests or
vanities. Demand for other cabinets,
such as those found in home theaters,
laundry rooms, home offices, and other
areas, is expected to reach $950 million.
Homeowners will opt for cabinets that
provide secure and attractive storage
options compared to open shelving and
Through 2016, demand for cabinets in
the nonresidential market is anticipated
to advance 6.5 percent annually to $2.8
billion, driven by a rebound in construction
spending. The office and commercial
market will spur growth, as construction
of retail sites will promote store
display cabinet demand. Rising lodging,
healthcare, and educational construction
spending will also support demand for
cabinets, as these structures incorporate
cabinetry to provide secure storage
space. In the nonconstruction market,
cabinet demand will be boosted by
rebounding shipments of recreational
boats and recreational vehicles.
This study analyzes the $10.3 billion US cabinet industry. It presents historical demand data for the years 2001, 2006 and 2011, and forecasts for 2016 and 2021 by material (e.g., lumber, engineered wood, wood veneer, decorative laminates, metal, glass), product (e.g., kitchen cabinets, bathroom cabinets), market (e.g., residential, nonresidential, nonconstruction) and region.
The study also considers market environment factors, details industry structure, evaluates company market share and profiles 32 industry players, including MasterBrand Cabinets, Masco and American Woodmark.