1. Market Research
  2. > Construction
  3. > Residential Construction Market Trends

World Cabinets Market

  • February 2015
  • 370 pages
  • Freedonia
Report ID: 2736753

Summary

Table of Contents

World demand to rise 5.8% annually through 2018

Global demand for cabinets is expected to reach $65.8 billion in 2018 on gains of 5.8 percent per year. Advances will be driven primarily by robust growth in the developing regions, as cabinets increase their market penetration in residential markets at the expense of other storage options like freestanding furniture and shelves. An additional boost to global expenditures on cabinets will come from a recovery in demand in the developed countries, where building construction declined in conjunction with the 2009 global economic recession.

Kitchen cabinet segment to pace industry growth rate

Kitchen cabinets will continue to make up by far the largest share of the market, with advances of 5.9 percent per year through 2018, driven by rising value and volume demand. The strongest growth in consumption through 2018 will be for cabinets other than kitchen and bathroom types. These other applications make up the smallest share of the market, but are driven by greater use in the developing world. For example, strong advances in nonresidential building construction in China have boosted demand for cabinets used as fixtures in offices and medical buildings.

US market to exhibit strong gains in demand as housing construction rebounds

The United States, the world’s largest market for cabinets, will exhibit strong increases in demand through the forecast period. Following the collapse in housing construction that began in 2006, cabinet demand declined for several years. A recovery in building construction spending, particularly in the residential market, will boost US cabinet demand to $16 billion in 2018 on growth of 6.8 percent annually. In addition to stronger construction activity, interest in more expensive bathroom and kitchen designs will boost volume demand for cabinets in the US, while rising interest in premium features and finishes will also spur value growth.

Asia/Pacific region to post most rapid market growth

Cabinet sales in the Asia/Pacific region, the largest regional consumer, are projected to reach $21 billion in 2018, nearly one-third of the global total. It will also register the fastest regional growth, at 7.3 percent per annum through 2018, spurred by rapid demand growth in developing countries, primarily China and India. China is forecast to continue to post the fastest gains in cabinet demand of any country, sur-passing Japan to become the second largest global cabinet market by 2018, with sales reaching $9.4 billion on 14 percent annual advances. Rapid growth in the installations of cabinets in new and existing homes, as well as in nonresidential buildings, will support the robust demand growth.

Western Europe to register below-average increases

Western Europe, the second largest regional market for cabinets after the Asia/Pacific region, is expected to post below-average increases in cabinet consumption through the forecast period. The region is an intensive user of cabinets; however, due to stagnation in housing completions in some countries and a slow recovery from the declines in demand in others following the economic recession, 2018 demand is forecast to remain below the 2008 level.

Study coverage

This upcoming industry study, World Cabinets, presents historical demand data (2003, 2008, 2013) plus forecasts (2018, 2023) by market, application, world region and for 18 major countries. This study also considers market environment factors, details the industry structure, evaluates company market share and profiles 31 global competitors

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 60 Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.

Ahmad helps you find the right report:

Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

Purchase Reports From Reputable Market Research Publishers

Global Residential Building Construction Industry Databook Series for 20 Countries – Market Size & Forecast by Value and Volume across 10+ Market Segments by Construction Type, by Location, by Price Point (2012 – 2021)

  • $ 5500
  • Industry report
  • April 2017
  • by ConsTrack360

The global residential construction industry in value terms increased at a CAGR of 11.5% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 10.8%, ...

Europe Residential Building Construction Industry Databook Series – Market Size & Forecast by Value and Volume across 10+ Market Segments by Construction Type, by Location, by Price Point (2012 – 2021)

  • $ 3500
  • Industry report
  • April 2017
  • by ConsTrack360

The europe residential construction industry in value terms increased at a CAGR of 5.4% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 5.7%, increasing ...

Asia Pacific Residential Building Construction Industry Databook Series – Market Size & Forecast by Value and Volume across 10+ Market Segments by Construction Type, by Location, by Price Point (2012 – 2021)

  • $ 3500
  • Industry report
  • April 2017
  • by ConsTrack360

The asia pacific residential construction industry in value terms increased at a CAGR of 14.2% during 2012-2016. Over the forecast period of 2017 to 2021, the industry is expected to record a CAGR of 13.1%, ...


ref:plp2015

Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.