by Corinne Gangloff
July 26, 2024
Kitchen cabinets accounted for approximately 65% of residential cabinet value demand in 2023 and will continue to do so through 2028.
Cleveland OH, July 26, 2024 – A new report from Freedonia Group, US Cabinets, demand for residential remodeling cabinet applications is expected to reach 85.3 million cabinets in 2028, with unit growth of 1.5% per year as remodeling moderates following high levels of activity in 2021 and 2022. In value terms, cabinets are forecast to advance 2.7% annually to $22.5 billion in 2028.
Remodeling demand for cabinets will be supported by:
rising homeowner interest in redesigning their laundry rooms to accommodate more areas for organization and storage
homeowner interest in expanding the size of their kitchens – many of which will have more cabinets than were previously installed
homeowners looking to improve the functionality of kitchens by adding islands or bar-style seating, many of which have attached base cabinets
rising interest among homeowners in adding bathrooms to homes – such as part of aging-in-place or to create multigenerational living spaces – that will often have one or more cabinets for storage purposes
the more intensive use of amenity-filled semicustom and custom cabinets in kitchens and bathrooms to create “showpiece” rooms that impress guests and add value to the residence
homeowner interest in adding cabinets to other rooms of a home to reduce clutter and enhance storage options
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