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US Residential Cabinets Market 2023-2026

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    Report

  • March 2023
  • Region: United States
  • The Freedonia Group
  • ID: 5768945

Demand for Kitchen Cabinets is Projected to Rise 2.7% Annually to $18.4 billion in 2026, with Unit Demand Totaling 80 Million

This study analyzes the US residential cabinets industry. It presents historical demand data (2011, 2016, and 2021) and forecasts (2026 and 2031) by product (base, wall, tall), market (single-family, multifamily, and manufactured housing), application (new and remodeling), and by region and subregion. Demand for all products is measured in unit terms and value terms. The study also evaluates factors that will influence residential cabinet demand and discusses key suppliers and market share.

Demand for residential cabinets in the US is forecast to rise 2.9% annually to $23 billion in 2026, a deceleration from 2016-2021.

Gains will be supported by:

  • More intensive use of cabinets in homes; single-family housing will account for the largest share of cabinet demand in the US 
  • The older nature of the nation’s multifamily housing stock - building owners looking to rejuvenate their properties to attract tenants will do so by replacing older or worn cabinetry 
  • Builder efforts to create more attractive and unique residences by installing cabinets in rooms where they were not traditionally installed, such as mudrooms and laundry rooms

Functionality Is a Key Factor for Cabinet Remodeling Projects

Remodelling continues to account for the majority of cabinet demand, as cabinets are one of the most frequently updated components of a kitchen or bathroom, particularly when a home is bought or sold. In addition to aesthetics, their ability to facilitate better usage of a particular room is important. For example:

  • Homeowners often add islands or bar-style seating to kitchens to improve their functionality. This additional surface space is usually attached to base cabinets, which offer expanded kitchen storage.
  • The construction of additional bathrooms to assist in making it easier to age in place or to create multigenerational living spaces often involves installing cabinets to allow for the storage of a variety of items.

Entertainment Center Cabinets to Exhibit the Fastest Growth of Any Product Type

Cabinets installed outside of kitchens and bathrooms are forecast to see healthy demand growth. Entertainment centers are forecast to experience the fastest growth of any cabinet type. Demand gains for entertainment centers will be supported by:

  • Style trends that call for homes to have larger living room areas that increase the amount of space available for large, floor-to-ceiling entertainment centers
  • Aesthetic trends, such as turning the living room into a focal point by having large entertainment centers that are used to display and store various “tchotchkes”, personalizing the area
  • The desire of consumers to turn the “dead” space around their TV into functional space by purchasing larger wall unit entertainment centers

Historical Market Trends

In any given year, residential cabinet demand is driven by a number of factors, including:

  • New housing construction levels
  • Single-family residential remodels, which often include the replacement of kitchen cabinets or the addition of more cabinets
  • Mortgage interest rates and the availability of financing for remodeling
  • Shifts in consumer tastes and focus, such as a change in preference toward cabinets with little or no formaldehyde, solid wood cabinets over composites, or concerns about indoor air quality

Demand grew every year over the historical period, as significant single-family housing remodeling activity in the US supports a steady level of demand for new residential cabinets. In 2021, a surge in market value was partly related to rapidly rising prices that resulted from increasing inflation and supply-chain issues.

Residential Cabinet Demand, 2000-2021 (Million Dollars)

Demand by Housing Type

Single-family homes accounted for the vast majority of residential cabinet demand in 2021 and will continue to do so through 2026, supported by the:

  • A substantial number of single-family homes constructed in any given year
  • Large base of existing single-family homes, many of which are older and have smaller kitchens and only one bathroom
  • Bigger kitchens and bathrooms in single-family residences compared to those of multifamily housing units and manufactured homes

Demand for cabinets in manufactured housing will also rise. However, the smaller size of these housing units compared to those of single-family homes will serve as a check on gains, especially in key remodeling applications. 

Demand by Application

New vs Remodeling

Remodeling applications, which account for a much larger share of residential cabinet demand, will represent 80% of the market in 2026. Remodeling activity plays a more significant share in generating residential cabinet demand due:

  • The more frequent use of costlier semi-custom and custom cabinets in remodeling applications, while homebuilders more often specify less expensive stock cabinets
  • Homebuilders are more likely to install shelves or racks for storage space due to their lower cost and ease of installation 
  • Homeowners more frequently add to the number of cabinets in kitchens, bathrooms, and other rooms during renovation projects

Demand by Region

The South will remain the largest regional market for cabinets and will account for most demand gains, driven by strong growth in population and existing home sales. As more people move to the South and purchase homes, residential renovation demand for cabinets will rise as homeowners remodel kitchens and bathrooms either prior to the sale of a home - to make it more appealing to potential purchasers - or after purchase - when the new homeowners personalize the house to their preferences.

The West, which is the second largest regional kitchen cabinet market, will record healthy demand gains. Residential cabinetry demand in both the Midwest and Northeast will grow at a slower pace over this period due to below average home sales and stagnation in new housing construction.

Key Questions Answered:

  • What housing type holds the largest share of residential cabinets?
    • Single-family homes accounted for the vast majority of residential cabinet demand in 2021 and will continue to do so through 2026.
  • What is the growth rate for the residential cabinet market in the US?
    • During the 2011-2021 period, residential cabinet demand grew at a 9.3% annual rate in value terms.
  • What is the market size in the US for kitchen cabinets?
    • Demand for kitchen cabinets is projected to rise 2.7% annually to $18.4 billion in 2026, with unit demand totaling 80 million.
  • What is the projected market size for remodeling applications for cabinets in the US residential market?
    • Remodeling applications will see demand rising 2.7% annually to $14.6 billion in 2026.

Table of Contents

1. Executive Summary

  • Figure 1-1. Residential Cabinet Market Outlook

2. About This Report

  • Report Details
  • Market Scope & Product Description
  • Impact of COVID-19 Pandemic on Residential Cabinets
  • Table - Annual Residential Cabinet Demand by Housing Type, 2019 - 2022
  • Table - Annual Residential Cabinet Demand by Area of Installation, 2019 - 2022
  • Figure 2-1. Annual Residential Cabinet Demand, 2019 - 2024

3. Overview

  • Historical Market Trends
  • Table - Residential Cabinet Demand, 2011 - 2021
  • Figure 3-1. Residential Cabinet Demand, 2000 - 2021
  • Housing Types
  • Demand by Housing Type
  • Table - Residential Cabinet Demand by Housing Type, 2011, 2016, 2021, 2016, &2031
  • Figure 3-2. Residential Cabinet Demand by Housing Type, 2011, 2016, 2021, 2016, &2031
  • Single-Family Housing
  • Table - Single-Family Housing Cabinet Demand by Application, 2011, 2016, 2021, 2016, &2031
  • Multifamily Housing
  • Table - Multifamily Housing Cabinet Demand by Application, 2011, 2016, 2021, 2016, &2031
  • Manufactured Housing
  • Table - Manufactured Housing Cabinet Demand by Application, 2011, 2016, 2021, 2016, &2031
  • Demand by Application
  • New vs. Remodeling
  • Table - Residential Cabinet Demand by Application, 2011, 2016, 2021, 2016, &2031
  • Figure 3-3. Residential Cabinet Demand by Application, 2011, 2016, 2021, 2016, &2031
  • New
  • Table - New Residential Cabinet Demand by Area of Installation, 2011, 2016, 2021, 2016, &2031
  • Remodeling
  • Table - Residential Remodeling Cabinet Demand by Area of Installation, 2011, 2016, 2021, 2016, &2031
  • Demand by Material
  • Table - Residential Cabinet Demand by Material, 2011, 2016, 2021, 2016, &2031
  • Figure 3-4. Residential Cabinet Demand by Material, 2011, 2016, 2021, 2016, &2031
  • Demand by Region
  • Table - Residential Cabinet Demand by Region, 2011, 2016, 2021, 2016, &2031
  • Figure 3-5. Residential Cabinet Demand Share by Region, 2011, 2016, 2021, 2016, &2031
  • Demand by Construction Method
  • Table - Residential Cabinet Demand by Construction Method, 2011, 2016, 2021, 2016, &2031
  • Figure 3-6. Residential Cabinet Demand by Construction Method, 2011, 2016, 2021, 2016, &2031
  • Pricing Trends
  • Table - Residential Cabinet Pricing by Product Type & Construction Method, 2011 , 2016, 2021, 2016, &2031
  • Figure 3-7. Residential Cabinet Pricing by Product, 2011, 2016, 2021, 2016, &2031
  • Key Suppliers

4. Factors Impacting Residential Cabinet Demand

  • Residential Building Construction Activity
  • Table - Residential Building Construction Expenditures, 2011, 2016, 2021, 2016, &2031
  • Home Remodeling Spending
  • Table - Home Remodeling Spending, 2011, 2016, 2021, 2016, &2031
  • Home Kitchen & Bathroom Remodeling
  • Table - Kitchen & Bathroom Remodeling Spending, 2011, 2016, 2021, 2016, &2031
  • Home Design Trends
  • Cabinet Design Trends
  • Frameless Cabinetry
  • Floor-to-Ceiling Cabinetry
  • Improved Color Design Options & Amenities
  • Comparative Installation Costs
  • Table - Residential Cabinet Average Installation Cost by Product, 2011, 2016, 2021, 2016, &2031
  • Labor Shortages
  • Environmental & Sustainability Issues
  • LEED & Other Green Building Codes
  • Regulation of Formaldehyde Emissions
  • Impact of Tariffs

5. Consumer Insights

  • Recent Buyers of Cabinets
  • Figure 5-1. "Did You Buy or Authorize the Purchase of a Cabinet in the Past 12 Months?" by Age Group
  • Intended Space For the Cabinets
  • Figure 5-2. "For Which Room/Space Did You Buy or Authorize the Purchase of a Cabinet?", 2021
  • Reason For Buying the Cabinets
  • Figure 5-3. "Why did you buy or authorize the purchase of a cabinet?", 2021
  • Where Cabinets Were Purchased
  • Figure 5-4. "Where Did You Buy or Authorize the Purchase of a Cabinet?", 2021
  • Satisfaction with Amount of Cabinets
  • Figure 5-5. "I Would Like To Have More Cabinets Than I Currently Have in My Bathroom", by Gender, Ag
  • Figure 5-6. "I Would Like To Have More Cabinets Than I Currently Have in My Kitchen", by Gender, Age
  • Insights on Closed vs. Open Storage Options
  • Table - Open vs. Closed Storage in a Kitchen, by Gender, Age Group, Household Income Bracket, &Rural vs. Urb
  • Table - Open vs. Closed Storage in a Bathroom, by Gender, Age Group, Household Income Bracket, &Rural vs. Ur
  • Insights on Tall Cabinets
  • Figure 5-7. "Tall Cabinets (Those Up to 8 Feet in Height) Are Something I Would Want in My Kitchen",
  • Figure 5-8. "Tall Cabinets (Those Up to 8 Feet in Height) Would Put Too Much Storage Where I Cannot
  • Insights on Cabinet Aesthetics
  • Figure 5-9. "I Prefer Solid Wood Cabinets Over Other Materials" by Gender, Age Group, Household Inco
  • Figure 5-10. "I Prefer Dark Colored Cabinets" by Gender, Age Group, Household Income Bracket, &Rural
  • Figure 5-11. "I Prefer Light Colored Cabinets" by Gender, Age Group, Household Income Bracket, &Rura

6. Products

  • Demand by Area of Installation
  • Table - Residential Cabinet Demand by Area of Installation, 2011, 2016, 2021, 2016, &2031
  • Figure 6-1. Residential Cabinet Demand by Area of Installation, 2011, 2016, 2021, 2016, &2031
  • Kitchen Cabinets
  • Figure 6-2. Residential Kitchen Cabinet Demand, 2000 - 2026
  • Bathroom Cabinets
  • Figure 6-3. Residential Bathroom Cabinet Demand, 2000 - 2026
  • Other Cabinets
  • Demand Forecasts
  • Table - Other Residential Cabinet Demand by Product Type, 2011, 2016, 2021, 2016, &2031
  • Figure 6-4. Other Residential Cabinet Demand by Type, 2021
  • Home Office Cabinets
  • Figure 6-5. Home Office Cabinet Demand, 2000 --2026
  • Entertainment Center Cabinets
  • Figure 6-6. Entertainment Center Cabinet Demand, 2000 - 2026
  • Laundry & Mudroom Cabinets
  • Figure 6-7. Laundry, Hobby, &Mudroom Cabinet Demand, 2000 - 2026
  • Garage Cabinets
  • Figure 6-8. Garage Cabinet Demand, 2000 - 2026

7. Appendix

  • Scope
  • Table - Study Scope: US Geographic Regions & Subregions
  • Table - Relevant Industry Codes
  • Table - Relevant HTS Codes
  • Definitions
  • Methodology
  • Study-Specific Methodology
  • Sources
  • Associations & Agencies
  • Related Studies & Reports
  • Macroeconomic Assumptions
  • Economic Environment
  • Table - Macroeconomic Indicators, 2011 - 2031
  • Demographic Trends
  • Table - Population & Households, 2011 - 2031
  • Consumer Spending
  • Table - Personal Consumption Expenditures, 2011 - 2031
  • Consumer Financing
  • Table - Consumer Financing Environment, 2011 - 2021
  • Residential Building Construction
  • Table - Residential Building Construction Expenditures, 2011 - 2031
  • Housing Completions
  • Table - New Housing Indicators, 2011 - 2031
  • Housing Stock
  • Table - Housing Stock by Type, 2011 - 2031
  • Figure 7-1. Housing Stock: Share by Year of Construction, 2021
  • Residential Improvements & Repair
  • Table - Residential Improvement & Repair Expenditures, 2011 - 2031

Methodology

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