US demand for cabinets is forecast to rise 8.2 percent annually to $15.3 billion in 2016.  Growth will be driven by a rebound in housing completions from a depressed 2011 base.  Although housing completions will remain below the level reached at their cyclical peak in 2006, the expected recovery will fuel gains in the residential market.  These and other trends are presented in Cabinets, a new study from The Freedonia Group, Inc., a Cleveland-based industry market research firm.  

The residential market accounts for the largest share of cabinet demand, so the turnaround in residential building construction spending will drive gains.  The new housing segment will see the most rapid advances, although growth will also be supported by the improvement and repair market.  Through 2016, demand for cabinets in the nonresidential market is anticipated to advance 6.5 percent annually to $2.8 billion, driven by a rebound in construction spending.  The office and commercial market will spur growth, as construction of retail sites will promote store display cabinet demand. 

Kitchen cabinets, which accounted for over four-fifths of 2011 demand, will see the fastest growth.  Demand will also be boosted by design trends that call for homes with more and larger cabinets to store food products and cookware.  Growing demand for cabinets with value-added amenities, such as pull-out drawers and shelves, wine racks, and other features that improve kitchen convenience, will also boost gains.

Demand for bathroom cabinets is forecast to grow 6.5 percent per year to $1.8 billion in 2016.  Design trends that call for homes with multiple bathrooms will support demand, as these rooms frequently include medicine chests or vanities.  Demand for other cabinets, such as those found in home theaters, laundry rooms, home offices, and other areas, is expected to reach $950 million.  Homeowners will opt for cabinets that provide secure and attractive storage options compared to open shelving and free-standing furnishings.

 

US CABINET DEMAND

(million dollars)

 

% Annual Growth

Item     

2006

2011

2016

2006-

2011

2011-

2016

 

 

 

 

 

 

Cabinet Demand

14980

10300

15300

-7.2

8.2

Kitchen

12480

8340

12600

-7.7

8.6

Bathroom

1630

1275

1750

-4.8

6.5

Other

870

685

950

-4.7

6.8

 

 

 

 

 

 

 © 2012 by The Freedonia Group, Inc.

Cabinets (published 06/2012, 374 pages) is available for $5100 from The Freedonia Group, Inc., 767 Beta Drive, Cleveland, OH  44143-2326.  For further details, please contact Corinne Gangloff by phone 440.684.9600, fax 440.646.0484 or e-mail pr@freedoniagroup.com. Information may also be obtained through www.freedoniagroup.com.

 

 

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