Almanac Market Data

U.S. cabinet demand to reach $17.3 billion in 2019

U.S. demand for cabinets is projected to grow 6.4 percent annually to $17.3 billion in 2019, spurred by continuing consumer interest in kitchen and bathroom renovation projects. Residential improvement and repair activity has been subdued since the 2007-2009 recession, but kitchen renovations and bathroom additions held up better than many other projects, as homeowners tried to improve their home’s appearance and to boost property values.

Furniture

IKEA to use 3D printers to repair/recycle old furniture

Scandinavian furniture giant IKEA is testing a program to get customers to bring in their old furniture, both IKEA and other brands, and rewarding them with vouchers for new purchases. IKEA stores in France and Belgium accept the vouchers, and the old furniture is then recycled or re-sold.