Cabinet study reveals a $30 billion market - Woodshop News

Cabinet study reveals a $30 billion market

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A study, commissioned by the National Kitchen & Bath Association, shows the total market value of cabinetry in the U.S. in 2017 reached $30.3 billion.

The breakdown is $19.9 billion for kitchen cabinets and $10.4 billion for bathroom cabinets in new residential construction and remodeling projects. The totals represent the value of product and materials only, exclusive of labor, design and installation costs.

NKBA partnered with The Farnsworth Group to conduct this comprehensive study, which provides in-depth coverage of kitchen and bathroom cabinetry at national and regional levels. Researchers conducted nearly 2,800 interviews among builders, remodelers, general contractors, residential property owners/managers and homeowners, and collected data on market size, product specification, information resources, key drivers of product selection, brand awareness, purchasing behavior and more.

“This deep dive into the cabinetry market provides important insight into style and construction preferences, brand awareness, how consumers and professionals research and shop for cabinets and so much more,” says Bill Darcy, CEO of the trade group.

“The data will help professionals in kitchen and bath design and remodeling understand the business and style trends shaping these sectors and give manufacturers key findings that will help prepare them for the year ahead. Our extensive efforts in market research and analysis reinforce NKBA’s commitment to thought leadership across the industry, and to providing practical information to serve our membership.”

For more, visit www.nkba.org.

This article originally appeared in the July 2018 issue.

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