Freedonia In The News

Article Title: Cabinet Demand to Grow 8.2% Annually Through 2016
By: Hallie Busta
Publication: Builder, 6/18/2012
Freedonia Study: Cabinets (2904)

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A rebound in housing completions will push an 8.2% annual growth in U.S. demand for cabinets to $15.3 billion in 2016, according to a new report by Cleveland-based market research house The Freedonia Group. That’s a 48.5% percent increase from 2011’s $10.3 billion demand value and surpasses 2006’s $14.9 billion mark. The kitchen cabinets segment will see the fastest growth, having accounted for more than 80% of 2011’s demand value at $8.3 billion. Architects and designers specing larger accessible spaces will be reflected in more and bigger cabinets, particularly those with value-added amenities including pull-out drawers and shelves, and wine racks. The segment is expected to grow 8.6% annually through 2016 to value $12.6 billion.
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Article Title: U.S. Cabinet Sales to Hit $15.3B in 2016
By: Rich Christianson
Publication: Woodworking Network, 6/19/2012
Freedonia Study: Cabinets (2904)

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Expected gains in new housing construction, though still well below the peak of 2006, will be the chief driver of residential cabinetry gains. Kitchen remodeling will also help fuel the growth of residential cabinetry demand. Residential cabinetry accounted for more than 80% of 2011 demand, according to Freedonia. Key design trends helping push kitchen cabinet demand by an average of 8.6% per year include the need for larger cabinets to store food products and cookware and growing demand for value-added options like pull-out drawers and shelves; wine racks; and other kitchen conveniences.
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