CLEVELAND, OH -- U.S. demand for cabinets is forecast to expand 7.4% per year to $15.2 billion in 2014.
According to Freedonia Group Inc., an industrial research firm, gains will be spurred by a rebound in housing completions from the depressed levels of 2009. Although housing completions will remain below the level reached at their cyclical peak in 2006, the expected recovery will fuel gains in the residential cabinet market through 2014.
According to the Freedonia study, the residential market will account for more than 90% of the approximately $4.5 billion increase in overall total cabinet demand through 2014. The new housing segment will boast the most rapid increases in cabinet demand through 2014. While the new housing market will experience solid growth, the improvement and repair segment will continue to account for the majority of residential demand.
Read Freedonia Group's press release.
According to Freedonia Group Inc., an industrial research firm, gains will be spurred by a rebound in housing completions from the depressed levels of 2009. Although housing completions will remain below the level reached at their cyclical peak in 2006, the expected recovery will fuel gains in the residential cabinet market through 2014.
According to the Freedonia study, the residential market will account for more than 90% of the approximately $4.5 billion increase in overall total cabinet demand through 2014. The new housing segment will boast the most rapid increases in cabinet demand through 2014. While the new housing market will experience solid growth, the improvement and repair segment will continue to account for the majority of residential demand.
Read Freedonia Group's press release.
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