CLEVELAND, Ohio , March 23, 2023 (press release) –
According to new Freedonia Group study
Cabinets, demand for kitchen cabinets is projected to rise 2.9% annually to $20.9 billion 2026, with unit demand totaling 92 million. Gains will be supported by:
The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
- homeowner interest in installing more and larger cabinets to provide additional storage space for foodstuffs and kitchenware
- design trends, such as kitchen islands and counter-style seating, which incorporate more cabinets into residential kitchens
- manufacturer efforts to include more amenities – such as LED lighting, pull-out shelves, and racks – in kitchen cabinets that boost their average sale price
- the ubiquitous nature of base cabinets being installed in kitchens
- base cabinets being the most prevalent type of cabinet used in kitchens, means that they are also the most replaced type of cabinet during kitchen remodels
The Freedonia Group, a division of MarketResearch.com, is a premier international business research company, providing clients with product analyses, market forecasts, industry trends, and market share information. From one-person consulting firms to global conglomerates, our analysts provide companies with unbiased, reliable industry market research and analysis to help them make important business decisions. The Freedonia Group’s brands also include Packaged Facts, a trusted provider of consumer market research on food & beverage, pet products and services, demographics, and financial services, and Simba Information, the leading authority for market intelligence and forecasts on the education and professional publishing industries. Find off-the-shelf studies at https://www.freedoniagroup.com/ or contact us for custom research: +1 440.842.2400.
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