Photo By MasterBrand Cabinets
The cabinet industry continues to rebound, not just nationally, but also globally. According to World Cabinets from The Freedonia Group, global demand for cabinets is projected to grow 5.5% annually, reaching $64.4 billion in 2018.
North American cabinet sales will rise 6.3% annually to $18.7 billion in 2018. U.S. demand will grow 6.6% annually to $16 billion, spurred in part by the continued recovery of the U.S. housing market.
Greater increases will be seen in the Asia/Pacific market, which will hit $19.7 billion (7.3% annual growth). Demand in Western Europe will grow at a slower rate, 3.2% annually to $17.5 billion. Central and South America, Eastern Europe and Africa/Mideast are projected to reach $3.2, $3.1 and $2.2 billion respectively.
Cabinetry & Countertops: kitchen cabinetry, bath cabinetry, countertops, vanities, islands
Contemporary and transitional are the most common bathroom styles. The average price points for kitchens and baths: $36,400 and $18,400.
U.S. countertop demand is projected to increase to $29.3 billion in 2019.
Cabinet design trends: gray & neutral combinations and textured materials.
Sources: The Freedonia Group, Houzz, KCMA, NKBA, RICKI
- MasterBrand Cabinets
- Masco Corp.
- American Woodmark Corp.
- RSI Industries
- acpi Cabinets
- Leedo Cabinetry
- Wellborn Cabinet
- Master WoodCraft Cabinetry
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