Cabinet & Vanity Manufacturing in the US - Market Research Report

Vanity fair: Economic conditions will encourage consumers to spend on home improvements, boosting demand

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.