KITCHEN CABINETS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

KITCHEN CABINETS MARKET - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The kitchen cabinets market is estimated to be valued over USD 160 billion in 2025, and it is projected to register a CAGR of 6% in the forecast period.

The kitchen cabinets market is expected to grow rapidly during the forecast period, driven by several factors. Kitchen cabinets are very important, as they help in the construction of quality homes and renovations. Moreover, they make kitchen life convenient.

The key driver for kitchen cabinets is the construction of residential buildings, which is rapidly growing, globally. The increasing demand for space-saving and proficient storage that optimizes the usage of small spaces, among consumers, are expected to drive the product demand. Customization, to conform to the unique needs of modern consumers, is estimated to drive the market in the coming future.

Numerous technological innovations are making the kitchen cabinet industry more reachable and attractive to customers. The slide-glide technology has resulted in bigger shelves that can handle heavier items. Utensils, cutlery, and spices, to bulkier items, like pots, pans, dishware and chopping blocks, can now be stored in drawers. One of the emerging trends in cabinets, in developed countries, is more gravitation toward drawer-only base cabinetry. The rise in modern infrastructure facilities, across the world, is also expected to encourage the demand for ready-to-install kitchen cabinets. However, the low demand in emerging and under-developed countries, mainly because of low disposable income and gradual growth in development, may limit the overall growth of the ready-to-install kitchen cabinets market, globally.

Key Market TrendsCustom and Semi-custom Category Dominates Kitchen Cabinets Market in the United States

The US cabinet industry was swayed by biased trade allegations, brought forward by a coalition of manufacturers, against imports from China, with the final determination pending in February 2020.

The kitchen is often considered the most important room in the home and kitchen renovation is among the most common home improvements undertaken, giving momentum to the value of kitchen cabinets. A study, by official US sources, found that the majority of homeowners who upgraded their kitchen opted for custom and semi-custom designs in their kitchen cabinets. The availability of customized kitchen cabinets at affordable prices, as compared to conventional kitchen cabinets, is increasing their demand in the region, supporting the global trend.

Among the different door styles for cabinets, recessed door styles dominated the market. There is a positive outlook for wooden components and industrial products throughout the United States, which are a vital part of cabinets, store fixtures, and other wood industries. It was found that among the materials used, paint is the predominant choice for kitchen cabinets, followed by wood and glass. Residential project markets in the United States also aid the high growth of countertops in renovation models, as homeowners opt for larger kitchens.

Asia-Pacific is the Largest Market for Kitchen Cabinets, With China Leading the Region

Several macroeconomic factors and internal market forces are shaping the growth and development of demand patterns, in the emerging countries, in the Asia-Pacific region. The market, in the region, is witnessing a substantial growth rate, owing to the increasing trend of the kitchens being renovated, which is expected to increase the demand for kitchen cabinets. Growth is mainly driven by the increase in demand, due to urbanization and the rising disposable incomes of the consumers, in the region. China is expected to register the fastest increases in cabinet demand, surpassing Japan to become the second-largest cabinet market. Rapid growth in the fittings of cabinets, in new and existing homes and non-residential buildings, is supporting the strong demand in China.

Competitive Landscape

The kitchen cabinets market is highly competitive, as many players are opting for different strategies, to meet the diversifying needs of the consumer. As global players enter newer markets, they pose a threat to the local players. This is anticipated to lead to the strengthening of the kitchen cabinet market, in the form of collaborations and mergers. Manufacturers are aiming at improving the ease of use of furniture, by making proper design alterations to suit customization. There are several opportunities in the affordable and rental kitchen cabinet sector. Design inventions and focus on customer experience are the other key areas with significant potential for participants in the kitchen cabinet market.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Poggenpohl
JPD Kitchen Depot
Leicht Kuchen Ag
Leggett & Platt Incorporated
Canyon Creek Cabinet Company
IKEA AB
Masco Corporation
Shenandoah Cabinetry
Crystal Cabinet
SieMatic M belwerke GmbH and Co. KG
Wellborn
Other Companies

Please note: This publisher does offer titles that are created upon receipt of order. If you are purchasing a PDF Email Delivery option above, the report will take approximately 2 business days to prepare and deliver.