This article is originally published at ihb
July 10, 2014 - US demand for cabinets is project to grow 6.6% per year to 2018. According to a market research report by Freedonia, demand will reach US$16.0 billion in 2018, up from US$11.6 billion in 2013 (Freedonia, Industry Study Cabinets, May 2014).
The growth in demand is based on expectations of growing housing starts, larger kitchens and multiple bathrooms and more remodeling as sales of existing homes increase. Demand for cabinets for residential remodeling accounts for more than two thirds of total US cabinet consumption.
The two next largest markets are non-residential remodelers and new home installations. Freedonia expects the non-residential building sector to grow in the next four years. Both new construction and remodeling of office buildings, hotels and healthcare facilities will increase demand for cabinets.
By cabinet type, kitchen cabinets accounted for 81% of total US demand in 2013. Kitchen cabinet demand is projected to grow fastest, reaching $13.1 billion in 2018. The domestic industry dominates the cabinet market. Imports accounted for approximately 6% of total demand in 2013.
Even fewer cabinets are exported from the US (about 1% of total production). Domestic cabinet production is projected to increase.