What Has Been Kitchen Cabinet Market in Recent Years?
The kitchen cabinet market has seen considerable growth due to a variety of factors.
• The market size of kitchen cabinets has seen considerable expansion over the past few years. Its growth is projected to rise from $163.75 billion in 2024 to $176.9 billion in 2025, experiencing a compound annual growth rate (CAGR) of 8.0%.
This progression in the historical period can be linked to factors such as the surge in housing, trending traditional designs, economic steadiness, preferred materials, restrained customization, and functional aspects.
What Is The Projected Growth And Market Size For The Kitchen Cabinet
The kitchen cabinet market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of kitchen cabinets is anticipated to witness substantial expansion in the upcoming years, reaching $235.25 billion by 2029, growing at a Compound Annual Growth Rate (CAGR) of 7.4%.
This projected growth during the forecast period can be linked to the emergence of contemporary design trends, redevelopment and revamping trends, the ability to customize and personalize, advancements in material, and the integration of smart kitchens. Key influences predicted for the forecast period encompass the rise of digitalization and e-commerce, the introduction of intelligent and consolidated solutions, the utilization of sustainable materials alongside eco-friendly designs, the possibility for customization and modular designs, shifts in color and design trends, and the surge in online shopping and the emergence of virtual showrooms.
What Key Factors and Trends are Driving the Growth of the Kitchen Cabinet Market?
The kitchen cabinet market is expected to surge in growth, spurred on by the rise in construction of residential buildings. These are structures intended for individual or family occupancy, temporary or permanent, fitted out with all the amenities and utilities required to cater to a person’s or a family’s needs. Kitchen cabinets are a fundamental component of these buildings as they are used for the storage of miscellaneous items including cooking utensils, cookbooks, and other baking and cooking supplies. For example, the U.S. Census Bureau and the U.S. Department of Housing and Urban Development's statistics from March 2023 revealed that private residential completions reached a seasonally adjusted annual rate of 1,557,00 in February. These numbers were 12.2% (±15.0%) above the revised January estimate of 1,388,000 and 12.8% (±16.2%) higher than the rate in February 2022, which stood at 1,380,000. Hence, it is evident that the escalating trend of constructing residential buildings is a critical driver propelling the expansion of the kitchen cabinet market.
What Are The Main Segments Of The Global Kitchen Cabinet Market?
The kitchen cabinet market covered in this report is segmented –
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
Subsegments:
1) By Ready To Assemble (RTA): Flat-Pack Cabinets, DIY Assembly Cabinets
2) By Stock Kitchen Cabinets: Standard Size Cabinets, Pre-Designed Cabinet Styles
3) By Semi-Custom Kitchen Cabinets: Adjustable Sizes And Configurations, Limited Design Options
4) By Custom Kitchen Cabinets: Tailor-Made Cabinets, Unique Designs And Features
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What Emerging Trends Are Influencing The Growth Of The Kitchen Cabinet Market?
The rise of technological advancements is a significant trend being observed in the kitchen cabinet industry. Firms in this market are embracing new tech innovations to maintain their competitive edge. For example, in May 2022, Hafele Ltd., a UK firm that manufactures and distributes pioneering furniture fittings, introduced their cutting-edge Matrix drawer and runner system technology in kitchen cabinets. This high-end drawer system is equipped with the latest tech features that enhance mobility and add more functionality and style to the cabinet. The range features an elegantly designed thin wall drawer system and an advanced double-walled box system known as the matrix box premium.
Who Are the Key Players in the Kitchen Cabinet Market?
Major companies operating in the kitchen cabinet market include:
• 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.
• 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
• Poggenpohl Küchen GmbH & Co KG
• JPD Kitchen Depod Inc.
• AC Products Inc.
• LIXIL Group Corporation
• Fine Kitchen Cabinet
• SieMatic Möbelwerke GmbH & Co KG
What Is The Most Dominant Region In The Kitchen Cabinet Market?
Asia-Pacific was the largest region in the kitchen cabinet market in 2024. 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.
