
Cabinet & Vanity Manufacturing in the US - Industry Market Research Report
Description
Cabinet & Vanity Manufacturing in the US
Cabinet and vanity manufacturers are highly susceptible to changes in residential construction and private spending on home improvements. Volatility in the housing market induced a turbulent five-year period for cabinet and vanity manufacturers. The outbreak of COVID-19 initially negatively impacted cabinet and vanity manufacturers, but low-interest rates and substantial fiscal stimulus bolstered demand for them as the housing market boomed in 2020 and 2021. As these interest rates rose and disposable income fell amid heightened inflation, cabinet and vanity manufacturers suffered through the end of 2023. Industry-wide revenue has been falling at a CAGR of 1.6% over the past five years and is expected to total $17.1 billion in 2023, when revenue will drop by an estimated 4.7%.
Operators in this industry manufacture kitchen cabinets, bathroom vanities and countertops, primarily made of wood or wood coverings. Manufacturers then distribute these products to wholesalers, contract outfitters and home improvement stores throughout the United States.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."
Cabinet and vanity manufacturers are highly susceptible to changes in residential construction and private spending on home improvements. Volatility in the housing market induced a turbulent five-year period for cabinet and vanity manufacturers. The outbreak of COVID-19 initially negatively impacted cabinet and vanity manufacturers, but low-interest rates and substantial fiscal stimulus bolstered demand for them as the housing market boomed in 2020 and 2021. As these interest rates rose and disposable income fell amid heightened inflation, cabinet and vanity manufacturers suffered through the end of 2023. Industry-wide revenue has been falling at a CAGR of 1.6% over the past five years and is expected to total $17.1 billion in 2023, when revenue will drop by an estimated 4.7%.
Operators in this industry manufacture kitchen cabinets, bathroom vanities and countertops, primarily made of wood or wood coverings. Manufacturers then distribute these products to wholesalers, contract outfitters and home improvement stores throughout the United States.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares."
Table of Contents
46 Pages
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Pricing
Currency Rates
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