The cabinet industry continues to rebound, not just nationally, but also globally. According to World Cabinets from The Freedonia Group, global demand for cabinets is projected to grow 5.5% annually, reaching $64.4 billion in 2018.

According to a recent survey by RICKI, affluent homeowners are far more likely than others to use designers and architects when undertaking a kitchen remodel or improvement.  Additionally,  affluents are much more likely than others to say, if they had it to do over again, they would use a designer or architect.

North American cabinet sales will rise 6.3% annually to $18.7 billion in 2018. U.S. demand will grow 6.6% annually to $16 billion, spurred in part by the continued recovery of the U.S. housing market.

Greater increases will be seen in the Asia/Pacific market, which will hit $19.7 billion (7.3% annual growth). Demand in Western Europe will grow at a slower rate, 3.2% annually to $17.5 billion. Central and South America, Eastern Europe and Africa/Mideast are projected to reach $3.2, $3.1 and $2.2 billion respectively.

Cabinetry & Countertops: kitchen cabinetry, bath cabinetry, countertops, vanities, islands

Quick Stats

Contemporary and transitional are the most common bathroom styles. The average price points for kitchens and baths: $36,400 and $18,400.

U.S. countertop demand is projected to increase to $29.3 billion in 2019.

Cabinet design trends: gray & neutral combinations and textured materials.

Sources: The Freedonia Group, Houzz, KCMA, NKBA, RICKI

Major Players

  • MasterBrand Cabinets
  • Masco Corp.
  • American Woodmark Corp.
  • RSI Industries
  • Elkay-Yorktown-Medallion
  • acpi Cabinets
  • Wood-Mode
  • Leedo Cabinetry
  • Wellborn Cabinet
  • Master WoodCraft Cabinetry

 

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