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Cabinets to 2019

Published: January 2016

No. of Pages: 383

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Report Description
Table of Contents

This study analyzes the US cabinet industry. It presents historical demand data (2004, 2009 and 2014) and forecasts (2019 and 2024) by material (e.g., lumber, engineered wood, wood veneer, decorative laminates, metal, glass), product (e.g., kitchen cabinets, bathroom cabinets, store fixture cabinets), market (e.g., residential, nonresidential, nonconstruction) and US geographic region. The study also considers market environment factors, details industry structure, evaluates company market share and profiles industry players.

US demand to rise 6.3% annually through 2019

US demand for cabinets is projected to advance 6.3 percent annually to $17.3 billion in 2019, spurred by continuing consumer interest in kitchen and bathroom renovation projects. Even during the aftermath of the 2007-2009 recession, when residential improvement and repair activity was relatively subdued, kitchen renovations and the installation of additional bathrooms were popular home improvement projects. Going forward, improving economic conditions will further encourage homeowners to expand and refurbish their kitchens and bathrooms -- projects that nearly always include cabinet replacement and installation. Not only will more cabinets be installed, but many of these cabinets will feature hardwood lumber construction and such amenities as pull-out shelving, storage racks for wines and spices, and integrated lighting.

New housing to be fastest growing cabinet application

While residential improvement and repair applications will account for the largest share of additional US cabinet demand through 2019, the new housing segment is expected to see the most rapid growth, driven by double-digit annual advances in single-family housing completions. Single-family homes are larger in size than other housing types and thus have more space for cabinetry. Additionally, style trends that call for homes to have larger kitchens and multiple bathrooms will boost cabinet demand. Builders will install more and larger cabinets -- such as kitchen cabinets used to conceal appliances and multiple vanities in a master bathroom -- in these rooms to make their homes more appealing to potential buyers.

Kitchen cabinets to remain dominant product segment

Among cabinet types, kitchen cabinets accounted for the vast majority of demand in 2014 and are expected to remain so going forward. Strong growth in residential building construction expenditures and continuing consumer interest in the use of cabinets as storage options will spur growth. Value demand advances will also be supported by consumer interest in cabinets that are more aesthetically pleasing or enhance kitchen convenience. Semicustom and custom cabinets made from hardwood lumber that feature intricate carvings and designs will be specified by those looking to beautify their homes, while busy cooks will opt for deeper cabinets that provide more storage space, equipped with easyto- open doors and readily accessible shelving and storage racks.

Trends favoring more bathroom cabinets

Demand for bathroom cabinets is forecast to reach $1.9 billion in 2019. Over the past decade, the number of newly built residences with two or more bathrooms has risen; this trend is expected to continue going forward. Moreover, more homeowners will add bathrooms as part of renovation projects. Most of these bathrooms will include at least a medicine chest for storing medications and personal items, while larger-sized bathrooms can feature one or more vanities to provide a more discreet storage alternative to open shelving. Many builders -- especially in the multifamily housing segment -- will specify wall-mounted cabinets to preserve floor space for plumbing fixtures. Demand for other cabinets -- such as garage and laundry and mudroom cabinets -- will rise as builders and homeowners look for aesthetically pleasing alternatives to shelves and racks.

Company Profiles

Profiles 40 US industry players such as AC Products, American Woodmark, Elkay, Kohler, MasterBrand, Masco & RSI Home Products

Additional Information

This study examines the US market for cabinets, defined as storage units permanently affixed to a structure. Cabinet products discussed include kitchen (stock, semicustom, and custom), bathroom (vanities, medicine chests, and other), and other (store fixture, entertainment centers, home office, garage, laundry and mudroom, and all other special-function cabinets). While product categories are often the same as the rooms in which the cabinets are used (i.e., bathroom cabinets are almost exclusively used in bathrooms), the cabinet type does not always match the location of the installed cabinet, as in the case of kitchen cabinets adapted for use in such other locations as laundry rooms, family rooms, or bedrooms. Furniture pieces, ready-to-assemble cabinets, bookcases, and other casework that fulfill similar storage functions are excluded from the study. Home organization products such as closet organizers and open shelving are also excluded.

Table of Contents

Introduction IX

I. Executive Summary 1

II. Market Environment 4
General 4
Macroeconomic Trends 5
Demographic Trends 9
Consumer Trends 14
Consumer Spending 14
Consumer Finance 17
Building Construction 19
Residential Buildings 22
Housing Completions 25
Housing Stock 29
Improvements & Repairs 33
Nonresidential Buildings 34
New 35
Nonresidential Building Stock 37
Improvements & Repairs 39
Transportation Equipment Shipments 41
Historical Market Trends 44
Cabinet Pricing Trends 48
Regulatory & Environmental Trends 51
Environmental Issues 52
Green Building Standards 54
LEED 55
Other Certification Programs 57
Indoor Air Quality 58
Formaldehyde 58
Other VOCs 60
Environmental & Other Certifications 62
US Foreign Trade 64
Imports 64
Exports 68
World Cabinets Overview 70

III. Materials 73
General 73
Wood-Based Materials 75
Lumber 77
Hardwood Lumber 79
Softwood Lumber 82
Engineered Wood 82
Particleboard 86
Plywood 88
MDF 91
Other Engineered Wood 94
Wood Veneer 96
Nonwood Materials 98
Decorative Laminates 100
Material Characteristics 103
Material Development 106
Metal 108
Glass & Other Materials 110
Cabinet Demand by Material 113

IV. Products 116
General 116
Kitchen Cabinets 120
Demand by Market 123
Kitchen Cabinet Characteristics 125
Kitchen & Cabinet Design Trends 126
Kitchen Design Trends 126
Cabinet Design Trends 128
Demand by Material 130
Demand by Type 132
Demand by Construction Method 136
Stock 137
Semicustom 141
Custom 145
Bathroom Cabinets 148
Vanities 152
Other Bathroom Cabinets 155
Demand by Material 158
Other Cabinets 160
Store Fixture Cabinets 162
All Other Cabinets 163
Entertainment Center Cabinets 165
Home Office Cabinets 166
Laundry & Mudroom Cabinets 167
Garage Cabinets 168
Miscellaneous Cabinets 169
Demand by Material 169

V. Markets 172
General 172
Demand by Market & Application 173
Residential 175
New 178
Improvements & Repairs 181
Demand by Material 186
Demand by Housing Type 188
Single-Family 190
Multifamily 193
Manufactured Housing 195
Nonresidential 197
New 200
Improvements & Repairs 202
Demand by Material 205
Demand by Building Type 207
Office & Commercial 208
Institutional 210
Other 212
Nonconstruction 215
Demand by Product & Application 215
Demand by End Use 218
Demand by Material 220

VI. Regions 221
General 221
Regional Demographic & Economic Trends 222
Population Patterns 223
Economic Outlook 226
Regional Construction 229
Housing Trends 232
Regional Demand for Cabinets 236
Northeast 238
New England 241
Middle Atlantic 242
Midwest 243
East North Central 247
West North Central 249
South 250
South Atlantic 254
East South Central 256
West South Central 257
West 259
Mountain 262
Pacific 264

VII. Industry Structure 266
General 266
Industry Composition 267
Market Share 271
Competitive Strategies 278
Product Development 281
Manufacturing 283
Plant Openings 283
Raw Materials 284
Manufacturing Technologies 285
Marketing 287
Distribution 291
Mergers & Acquisitions 296
Cooperative Agreements 298
Company Profiles 302

List of Tables

Section I -- Executive Summary
Summary Table 3

Section II -- Market Environment
1 Macroeconomic Indicators 9
2 Population & Households 13
3 Personal Consumption Expenditures 16
4 Consumer Financing Environment, 2004-2014 19
5 Building Construction Expenditures 22
6 Residential Building Construction Expenditures 24
7 New Housing Indicators 29
8 Housing Stock by Type 32
9 Residential Improvement & Repair Expenditures 34
10 Nonresidential Building Construction Expenditures 37
11 Nonresidential Building Stock 39
12 Nonresidential Building Improvement & Repair Expenditures 40
13 Transportation Equipment Shipments 43
14 US Cabinet Market, 2004-2014 47
15 US Cabinet Foreign Trade 64

Section III -- Materials
1 Materials Used in Cabinet Production 75
2 Wood-Based Materials Used in Cabinet Production 77
3 Lumber Use in Cabinet Production 79
4 Engineered Wood Use in Cabinet Production 85
5 Wood Veneer Use in Cabinet Production 98
6 Nonwood Materials Used in Cabinet Production 100
7 Decorative Laminates Use in Cabinet Production 103
8 Metal Used in Cabinet Production 110
9 Glass & Other Materials Used in Cabinet Production 113
10 Cabinet Demand by Material 115

Section IV -- Products
1 Cabinet Supply & Demand 120
2 Kitchen Cabinet Demand by Market 123
3 Kitchen Cabinet Demand by Material 132
4 Kitchen Cabinet Demand by Type 136
5 Kitchen Cabinet Demand by Construction Method 137
6 Stock Kitchen Cabinet Demand by Market 141
7 Semicustom Kitchen Cabinet Demand by Market 144
8 Custom Kitchen Cabinet Demand by Market 148
9 Bathroom Cabinet Demand by Market & Type 152
10 Bathroom Vanity Demand by Market 154
11 Other Bathroom Cabinet Demand by Market 158
12 Bathroom Cabinet Demand by Material 160
13 Other Cabinet Demand by Market & Type 162
14 All Other Cabinet Demand by Type 165
15 Other Cabinet Demand by Material Type 171

Section V -- Markets
1 Cabinet Demand by Market & Application 175
2 Residential Cabinet Demand by Product & Application 178
3 New Residential Cabinet Demand by Product 181
4 Residential Improvement & Repair Cabinet Demand by Product 186
5 Residential Cabinet Demand by Material 188
6 Residential Cabinet Demand by Housing Type 190
7 Single-Family Housing Cabinet Demand 193
8 Multifamily Housing Cabinet Demand 195
9 Manufactured Housing Cabinet Demand 197
10 Nonresidential Building Cabinet Demand by Product & Application 199
11 New Nonresidential Cabinet Demand by Product 202
12 Nonresidential Building Improvement & Repair Cabinet Demand by Product 205
13 Nonresidential Building Cabinet Demand by Material 207
14 Nonresidential Building Cabinet Demand by Building Type 208
15 Office & Commercial Cabinet Demand by Application 210
16 Institutional Cabinet Demand by Application 212
17 Other Nonresidential Building Cabinet Demand by Building Type & Application 214
18 Nonconstruction Cabinet Demand by Product Type & Application 217
19 Nonconstruction Cabinet Demand by End Use 219
20 Nonconstruction Cabinet Demand by Material 220

Section VI -- Regions
1 Population by Region 226
2 Gross Domestic Product by Region 229
3 Construction Expenditures by Region 232
4 Regional Housing Indicators 235
5 Cabinet Demand by Region 237
6 Northeast: Cabinet Demand by Subregion & Market 240
7 Midwest: Cabinet Demand by Subregion & Market 247
8 South: Cabinet Demand by Subregion & Market 253
9 West: Cabinet Demand by Subregion & Market 262

Section VII -- Industry Structure
1 US Cabinet Revenues for Selected Manufacturers, 2014 270
2 Selected Acquisitions & Divestitures 298
3 Selected Cooperative Agreements 300

List of Charts

Section II -- Market Environment
1 Year of Construction of Housing Stock, 2014 32
2 Cabinet Market, 2004-2014 48
3 Annualized Price Changes, 2004-2024 51
4 US Cabinet Imports by Source, 2004 vs. 2014 68
5 US Cabinet Exports by Destination, 2014 70

Section III -- Materials
1 Engineered Wood Use in Cabinet Production, 2014 86

Section IV -- Products
1 Kitchen Cabinets Installed in New Single Family Housing, 2004-2024 128
2 Frameless Cabinet Adoption Rates: Single-Family Housing vs. Multifamily Housing, 2004-2014 135

Section VI -- Regions
1 Cabinet Demand by Region, 2014 237

Section VII -- Industry Structure
1 US Cabinet Market Share, 2014 273
2 US Cabinet Distribution Channels, 2014 296

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Published By: Freedonia Group

Product Code: Freedonia Group508

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