The Kitchen Cabinet Manufacturers Association reports a total kitchen and bath cabinet market size of nearly $7 billion for the U.S. wood-based residential cabinet market for the year ending 2010.
A KCMA’s task force, comprised of industry marketing experts, reviewed 2009 data from each of several independent sources. This research produced a credible market size estimate for 2009, according to the trade group.
The task force then used the KCMA monthly Trend of Business report to calculate a market change percentage from 2009 to 2010.
“While we realize that there is never a definitive or perfect market sizing study, in our estimation, this approach represents a sound and reasonable method for our industry as defined,” KCMA president Greg Stoner said in a statement. “We chose to narrow the focus to ‘residential, wood-based’ cabinets as a more focused view of the market we represent. At the same time we recognize that there is a non-residential market as well as a cabinet market that is produced via other materials.
“Lacking a perfect, single source, we believe that this methodology and definition of the market size provides the most timely and best estimate for the U.S., wood-based, residential cabinet market.”
For information, visit www.kcma.org.