Freedonia In The News
Article Title: Cabinets demand to hit $64bn, up 5.5pc per year
Publication: TradeArabia, 3/4/2015
Freedonia Study: World Cabinets (3245)
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The demand for cabinets worldwide is set to reach $64 billion in 2018, on advances of 5.5 per cent per year, according to a new study.
‘World Cabinets,’ the study from the Cleveland-based industry market research firm The Freedonia Group, said that increases will be driven primarily by robust growth in developing regions, as cabinets increase their market penetration in residential markets at the expense of other storage options such as freestanding furniture and shelves.
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