US Cabinets

US Cabinets

Demand in volume terms for cabinets in the US is forecast to rise at an annual average rate of 1.1% to 135 million units in 2028. Real growth will be restrained by declines in conventional housing completions, as cabinets are typically installed at the end of home construction:

• Single-family completions are forecast to see minimal growth over the forecast period due to rising construction costs, which have reduced the affordability of new housing.
• Over the same span, multifamily starts are expected to decline significantly from the previous period.

Cabinet demand gains will mostly derive from ongoing residential renovation activity along with a rebound in commercial building construction, most notably for offices and hotels, which were significantly impacted by the pandemic during the historical period.

Market value will see a significant deceleration from the 2018-2023 period; most cabinet product prices will moderate following spikes that were precipitated by supply chain issues and high raw material costs. However, market value is expected to outpace real growth because of the increasing use of higher value cabinets with enhanced performance and aesthetic properties.

Above Average Demand Gains for Residential Remodeling of Office/Garage/Laundry Rooms

Residential remodeling demand for office, laundry, and garage cabinets is expected to grow faster than demand for kitchen and bathroom cabinets – the two most popular rooms to remodel. Demand for cabinets in these spaces is a reflection of the larger trend of homeowners seeking to maximize storage space. Homeowners will look to replace older cabinets not only for aesthetic reasons, but also to add floor-to-ceiling cabinetry to provide more storage and create a clutter-free environment.

Aesthetics & Cost Relative to Custom Cabinets Make Semicustom Cabinets Popular

Following a poor performance in real terms due to a combination of inflated pricing and limited availability because of supply chain issues, semicustom cabinets are expected to have an improved outlook through 2028. Semicustom cabinets are attractive to consumers because they cost less than custom cabinets, but have a similar appearance from a distance. In addition, consumers – particularly owners of single-family residences – opt for these cabinets to improve the functionality and enhance the appearance of their kitchens, bathrooms, and other rooms. For example, design trends that call for the development of master bathrooms with “his-and-her” vanities will employ semicustom cabinets to differentiate each vanity.

Study Description

This Freedonia study analyzes the US cabinets industry. It presents historical demand data (2013, 2018 and 2023) and forecasts (2028 and 2033) by product (base, wall, tall, vanity, medicine cabinet, entertainment centers, store fixtures, corner & other cabinets), market (residential & commercial), application (new and remodeling), and by region and subregion. Demand for all products is measured in unit terms and value terms. Year by year historical market volatility is also addressed. The study also evaluates factors that will influence cabinets demand and profiles key industry participants, such as MasterBrand Cabinets, American Woodmark, and Cabinetworks Group.