The kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $210.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to modern design trends, renovation and remodeling trends, customization and personalization, material innovation, smart kitchen integration. Major trends in the forecast period include digitalization and e-commerce, smart and integrated solutions, sustainable materials and eco-friendly designs, customization and modular designs, color and design trends, online purchases and virtual showrooms.
The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to several factors, including a housing boom that drove demand for traditional design trends. Economic stability also played a role, influencing material preferences and limiting customization options in favor of more functional considerations. These factors collectively contributed to the growth during that time.
The kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $210.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to modern design trends, the popularity of renovation and remodeling, increasing demand for customization and personalization, ongoing material innovation, and the integration of smart kitchen technologies. Major trends expected in this period include the digitalization of the industry and the growth of e-commerce, the development of smart and integrated solutions for kitchens, the use of sustainable materials and eco-friendly designs, a focus on customization and modular designs, the influence of color and design trends, and the rise of online purchases and virtual showrooms.
The increasing construction of residential buildings is expected to drive the growth of the kitchen cabinet market. Residential buildings encompass structures designed for private occupancy, whether permanent or temporary, equipped with amenities and utilities to meet the needs of individuals or families. Kitchen cabinets are essential for storing various items such as cookware, cookbooks, and baking supplies in residential buildings. For example, in March 2023, statistics published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development indicated that privately owned home completions were at a seasonally adjusted annual rate of 1,557,000 in February. This figure represents a 12.2% (±15.0%) increase from the revised January estimate of 1,388,000 and a 12.8% (±16.2%) increase from the February 2022 rate of 1,380,000. Therefore, the rising construction of residential buildings is fueling the growth of the kitchen cabinet market.
The increasing inclination towards home remodeling and renovations is set to propel the growth of the kitchen cabinet market. Kitchen cabinets offer functional and aesthetic benefits in home renovations, including efficient storage solutions, enhanced property value, durability, improved functionality, and aesthetic appeal. As per data from the Joint Center for Housing Studies of Harvard University in January 2023, national spending on remodeling and repairs for owner-occupied homes is projected to increase by 2.6% to $485 billion in 2023 from the previous year. This inclination towards home improvements drives demand for kitchen cabinets, as consumers seek to enhance their living spaces through remodeling efforts.
The kitchen cabinet market is experiencing a surge in technological innovations as companies strive to maintain their position in the industry. A notable example is Hafele Ltd., a UK-based manufacturer and distributor of innovative furniture fittings, which introduced the Matrix drawer and runner system technology for kitchen cabinets in May 2022. This advanced drawer system is designed with cutting-edge technology to enhance movement, functionality, and aesthetic appeal within cabinets. The collection comprises a sleek thin wall drawer system and a premium double-walled box system known as the matrix box premium, offering both practicality and modern design elements.
Major companies in the kitchen cabinet market are innovating by developing new products such as advanced cabinetry solutions to stay competitive. Cabinetry solutions encompass a wide range of products and services related to cabinet design, manufacturing, and installation. For example, in December 2022, Stanley Group, an India-based furniture and home decor company, introduced Cabinetry Cult. This product line represents a fusion of French carpentry methods, Italian design sensibility, German precision manufacturing, and Italian craftsmanship. The launch of Cabinetry Cult aims to expand Stanley Group's product offerings and meet the growing demand for high-quality, customized cabinetry solutions across various settings. The Cabinetry Cult line offers products for diverse applications such as walk-in wardrobes, wardrobes, and kitchens, providing clients with comprehensive solutions for their cabinetry needs.
In November 2021, BASF SE, a Germany-based chemical company, entered into an agreement to sell its kaolin minerals business to KaMin LLC for an undisclosed sum. This strategic decision is anticipated to bolster KaMin's global portfolio by combining BASF's calcine portfolio with KaMin's hydrous products, thereby offering a wide range of kaolin-based performance mineral solutions to its distributors and customers across the globe.
Major companies operating in the kitchen cabinet market report are IKEA AB, Masco Corp., Leggett & Platt Incorporated, Cabot Companies Inc., Oppein Home Products Inc., Master Brand Cabinets Inc., Takara Standard Co. Ltd., American Woodmark Corporation, Nobilia Küchen GmbH, Hanssem Co. Ltd., Cleanup Corporation, ZBOM Holding Group Co. Ltd., Cabinetwork Group Inc., GoldenHome Living Co.Ltd., Wood-mode LLC, Wellborn Cabinet Inc., Bulthaup GmbH & Co. KG, Leicht Kitchen AG, Fabuwood Cabinetry, Bellmont Cabinet Co., KraftMaid Cabinetry, Master Wood Craft Cabinetry LLC, Canyon Creek Cabinet Company, Kitchen Cabinet Distributors, Poggenpohl Küchen GmbH & Co. KG, JPD Kitchen Depod Inc., AC Products Inc., LIXIL Group Corporation, Fine Kitchen Cabinet, SieMatic Möbelwerke GmbH & Co. KG. Asia-Pacific was the largest region in the kitchen cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global kitchen cabinet market report during the forecast period. The regions covered in the kitchen cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Kitchen cabinets come in various types including ready-to-assemble (RTA), stock, semi-custom, and custom. Stock cabinets are pre-built by manufacturers according to standard industry specifications. They are made from different materials such as wood and metal and are distributed through retail and online channels. These cabinets are used in homes, restaurants, and other settings.
The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to housing boom, traditional design trends, economic stability, material preferences, limited customization, functional considerations.
The countries covered in the kitchen cabinet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The kitchen cabinet consists of the sale of wall kitchen cabinets, flat panel kitchen cabinets, beaded kitchen cabinets, and tall-standing kitchen cabinets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to several factors, including a housing boom that drove demand for traditional design trends. Economic stability also played a role, influencing material preferences and limiting customization options in favor of more functional considerations. These factors collectively contributed to the growth during that time.
The kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $210.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The anticipated growth in the forecast period can be attributed to modern design trends, the popularity of renovation and remodeling, increasing demand for customization and personalization, ongoing material innovation, and the integration of smart kitchen technologies. Major trends expected in this period include the digitalization of the industry and the growth of e-commerce, the development of smart and integrated solutions for kitchens, the use of sustainable materials and eco-friendly designs, a focus on customization and modular designs, the influence of color and design trends, and the rise of online purchases and virtual showrooms.
The increasing construction of residential buildings is expected to drive the growth of the kitchen cabinet market. Residential buildings encompass structures designed for private occupancy, whether permanent or temporary, equipped with amenities and utilities to meet the needs of individuals or families. Kitchen cabinets are essential for storing various items such as cookware, cookbooks, and baking supplies in residential buildings. For example, in March 2023, statistics published by the U.S. Census Bureau and the U.S. Department of Housing and Urban Development indicated that privately owned home completions were at a seasonally adjusted annual rate of 1,557,000 in February. This figure represents a 12.2% (±15.0%) increase from the revised January estimate of 1,388,000 and a 12.8% (±16.2%) increase from the February 2022 rate of 1,380,000. Therefore, the rising construction of residential buildings is fueling the growth of the kitchen cabinet market.
The increasing inclination towards home remodeling and renovations is set to propel the growth of the kitchen cabinet market. Kitchen cabinets offer functional and aesthetic benefits in home renovations, including efficient storage solutions, enhanced property value, durability, improved functionality, and aesthetic appeal. As per data from the Joint Center for Housing Studies of Harvard University in January 2023, national spending on remodeling and repairs for owner-occupied homes is projected to increase by 2.6% to $485 billion in 2023 from the previous year. This inclination towards home improvements drives demand for kitchen cabinets, as consumers seek to enhance their living spaces through remodeling efforts.
The kitchen cabinet market is experiencing a surge in technological innovations as companies strive to maintain their position in the industry. A notable example is Hafele Ltd., a UK-based manufacturer and distributor of innovative furniture fittings, which introduced the Matrix drawer and runner system technology for kitchen cabinets in May 2022. This advanced drawer system is designed with cutting-edge technology to enhance movement, functionality, and aesthetic appeal within cabinets. The collection comprises a sleek thin wall drawer system and a premium double-walled box system known as the matrix box premium, offering both practicality and modern design elements.
Major companies in the kitchen cabinet market are innovating by developing new products such as advanced cabinetry solutions to stay competitive. Cabinetry solutions encompass a wide range of products and services related to cabinet design, manufacturing, and installation. For example, in December 2022, Stanley Group, an India-based furniture and home decor company, introduced Cabinetry Cult. This product line represents a fusion of French carpentry methods, Italian design sensibility, German precision manufacturing, and Italian craftsmanship. The launch of Cabinetry Cult aims to expand Stanley Group's product offerings and meet the growing demand for high-quality, customized cabinetry solutions across various settings. The Cabinetry Cult line offers products for diverse applications such as walk-in wardrobes, wardrobes, and kitchens, providing clients with comprehensive solutions for their cabinetry needs.
In November 2021, BASF SE, a Germany-based chemical company, entered into an agreement to sell its kaolin minerals business to KaMin LLC for an undisclosed sum. This strategic decision is anticipated to bolster KaMin's global portfolio by combining BASF's calcine portfolio with KaMin's hydrous products, thereby offering a wide range of kaolin-based performance mineral solutions to its distributors and customers across the globe.
Major companies operating in the kitchen cabinet market report are IKEA AB, Masco Corp., Leggett & Platt Incorporated, Cabot Companies Inc., Oppein Home Products Inc., Master Brand Cabinets Inc., Takara Standard Co. Ltd., American Woodmark Corporation, Nobilia Küchen GmbH, Hanssem Co. Ltd., Cleanup Corporation, ZBOM Holding Group Co. Ltd., Cabinetwork Group Inc., GoldenHome Living Co.Ltd., Wood-mode LLC, Wellborn Cabinet Inc., Bulthaup GmbH & Co. KG, Leicht Kitchen AG, Fabuwood Cabinetry, Bellmont Cabinet Co., KraftMaid Cabinetry, Master Wood Craft Cabinetry LLC, Canyon Creek Cabinet Company, Kitchen Cabinet Distributors, Poggenpohl Küchen GmbH & Co. KG, JPD Kitchen Depod Inc., AC Products Inc., LIXIL Group Corporation, Fine Kitchen Cabinet, SieMatic Möbelwerke GmbH & Co. KG. Asia-Pacific was the largest region in the kitchen cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global kitchen cabinet market report during the forecast period. The regions covered in the kitchen cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Kitchen cabinets come in various types including ready-to-assemble (RTA), stock, semi-custom, and custom. Stock cabinets are pre-built by manufacturers according to standard industry specifications. They are made from different materials such as wood and metal and are distributed through retail and online channels. These cabinets are used in homes, restaurants, and other settings.
The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to housing boom, traditional design trends, economic stability, material preferences, limited customization, functional considerations.
The countries covered in the kitchen cabinet market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The kitchen cabinet consists of the sale of wall kitchen cabinets, flat panel kitchen cabinets, beaded kitchen cabinets, and tall-standing kitchen cabinets. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. Kitchen Cabinet Market Characteristics3. Kitchen Cabinet Market Trends and Strategies32. Global Kitchen Cabinet Market Competitive Benchmarking33. Global Kitchen Cabinet Market Competitive Dashboard34. Key Mergers and Acquisitions in the Kitchen Cabinet Market
4. Kitchen Cabinet Market - Macro Economic Scenario
5. Global Kitchen Cabinet Market Size and Growth
6. Kitchen Cabinet Market Segmentation
7. Kitchen Cabinet Market Regional and Country Analysis
8. Asia-Pacific Kitchen Cabinet Market
9. China Kitchen Cabinet Market
10. India Kitchen Cabinet Market
11. Japan Kitchen Cabinet Market
12. Australia Kitchen Cabinet Market
13. Indonesia Kitchen Cabinet Market
14. South Korea Kitchen Cabinet Market
15. Western Europe Kitchen Cabinet Market
16. UK Kitchen Cabinet Market
17. Germany Kitchen Cabinet Market
18. France Kitchen Cabinet Market
19. Italy Kitchen Cabinet Market
20. Spain Kitchen Cabinet Market
21. Eastern Europe Kitchen Cabinet Market
22. Russia Kitchen Cabinet Market
23. North America Kitchen Cabinet Market
24. USA Kitchen Cabinet Market
25. Canada Kitchen Cabinet Market
26. South America Kitchen Cabinet Market
27. Brazil Kitchen Cabinet Market
28. Middle East Kitchen Cabinet Market
29. Africa Kitchen Cabinet Market
30. Kitchen Cabinet Market Competitive Landscape and Company Profiles
31. Kitchen Cabinet Market Other Major and Innovative Companies
35. Kitchen Cabinet Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
Kitchen Cabinet Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on kitchen cabinet market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
- Understand how the market has been affected by the coronavirus and how it is responding as the impact of the virus abates.
- Assess the Russia-Ukraine war’s impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
- Measure the impact of high global inflation on market growth.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
- Suitable for supporting your internal and external presentations with reliable high quality data and analysis.
- Report will be updated with the latest data and delivered to you with an Excel data sheet for easy data extraction and analysis.
- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for kitchen cabinet? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered:1) By Type: Ready To Assemble (RTA); Stock Kitchen Cabinets; Semi Custom Kitchen Cabinets; Custom Kitchen Cabinets
2) By Raw Material: Wood; Metal; Other Raw Materials
3) By Distribution Channel: Retail; Online; Other Distribution Channels
4) By Application: Home; Restaurants; Other Applications
Key Companies Mentioned: IKEA AB; Masco Corp.; Leggett & Platt Incorporated; Cabot Companies Inc.; Oppein Home Products Inc.
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- IKEA AB
- Masco Corp.
- Leggett & Platt Incorporated
- Cabot Companies Inc.
- Oppein Home Products Inc.
- Master Brand Cabinets Inc.
- Takara Standard Co. Ltd.
- American Woodmark Corporation
- Nobilia Küchen GmbH
- Hanssem Co. Ltd.
- Cleanup Corporation
- ZBOM Holding Group Co. Ltd.
- Cabinetwork Group Inc.
- GoldenHome Living Co.Ltd.
- Wood-mode LLC
- Wellborn Cabinet Inc.
- Bulthaup GmbH & Co. KG
- Leicht Kitchen AG
- Fabuwood Cabinetry
- Bellmont Cabinet Co.
- KraftMaid Cabinetry
- Master Wood Craft Cabinetry LLC
- Canyon Creek Cabinet Company
- Kitchen Cabinet Distributors
- Poggenpohl Küchen GmbH & Co. KG
- JPD Kitchen Depod Inc.
- AC Products Inc.
- LIXIL Group Corporation
- Fine Kitchen Cabinet
- SieMatic Möbelwerke GmbH & Co. KG
Methodology
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