US Cabinets Market

• Publication date: June 2012
• Report size: 374 pages

Demand to rise more than 8% per year through 2016 US demand for cabinets is forecast to rise more than eight percent per year through 2016. Demand will be driven by the rebound in housing completions from their depressed 2011 base. Although housing completions will remain below the level reached at their cyclical peak in 2006, the expected recovery will fuel gains in the residential market through 2016. Turnaround in res...

Demand to rise more than 8% per year through 2016

US demand for cabinets is forecast to rise more than eight percent per year through 2016. Demand will be driven by the rebound in housing completions from their depressed 2011 base. Although housing completions will remain below the level reached at their cyclical peak in 2006, the expected recovery will fuel gains in the residential market through 2016.

Turnaround in residential building construction to drive gains

The residential market accounts for the largest share of cabinet demand, and the turnaround in residential building construction spending will drive gains. The new housing segment will register the most rapid advances going forward. Strong growth will also be supported by the large improvement and repair market. The US has a large stock of older homes that will require cabinet replacement. Kitchen and bathroom renovations are popular home improvement projects, and the replacement of cabinetry often is a major part of these projects. Moreover, many homeowners who were unable to engage in renovation during the 2007- 2009 recession because of tighter credit requirements and declining house values will undertake these projects going forward as home values rebound and economic conditions improve. The expected recovery of residential building construction will support demand for all cabinet types through 2016. Kitchen cabinets, which accounted for more than four-fifths of 2011 cabinet demand, will see the most rapid growth. In addition to the rise in residential building construction spending, demand will be boosted by design trends that call for homes with more and larger cabinets such as for storing food products and cookware. Homeowners desire cabinets with value-added amenities, such as pullout shelves and drawers, wine racks, and other features that improve kitchen convenience. Demand for bathroom cabinets is forecast to grow in excess of six percent annually through 2016. Designs that specify multiple bathrooms will boost gains, as these rooms frequently include medicine cabinets and vanities. Demand for other cabinets, such as those found in home theaters, laundry rooms, home offices, garages, and other areas, is also expected to rise through 2016 at a healthy pace. Homeowners will opt for cabinetry in these rooms to offer more secure and more aesthetically pleasing storage options compared to open shelving and free-standing furnishings.

Office & commercial sector to lead gains in nonresidential market

Through 2016, demand for cabinets in the nonresidential market is expected to rise, driven by the rebound in nonresidential building construction spending from a low 2011 base. The office and commercial market will lead gains, as increasing construction of retail sites will drive demand for store display cabinets. Increased spending on lodging, health care, and educational construction will also support demand for cabinets, as these structures incorporate cabinetry to provide secure storage space. In the nonconstruction market, cabinet demand will be boosted by rebounding shipments of recreational boats and recreational vehicles.

Study coverage

This upcoming industry study, Cabinets, presents historical demand data (2001, 2006 and 2011) plus forecasts for 2016 and 2021 by material, product, market and US geographic region. The study also considers key market environment factors, assesses the industry structure, evaluates company market share and profiles 32 US industry competitors.

Office And Storage Furniture Industry in the United States

TABLE OF CONTENTS


INTRODUCTION xi

I. EXECUTIVE SUMMARY 1

II. MARKET ENVIRONMENT 4

General 4
Macroeconomic Environment 5
Demographic Trends 8
Consumer Trends 12
Personal Income & Expenditures 13
Consumer Financing 15
Building Construction 19
Residential Buildings 22
Housing Completions 25
Housing Stock 30
Improvements & Repairs 34
Nonresidential Buildings 36
New 36
Nonresidential Building Stock 39
Improvements & Repairs 42
Transportation Equipment Shipments 43
Historical Market Trends 46
Pricing 50
Regulatory Environment 53
Environmental Issues 53
Emissions Regulations 55
Environmental & Other Certifications 58
US Foreign Trade 60
Imports 61
Exports 64
World Cabinetry Overview 66

III. MATERIALS 68

General 68
Wood-Based Materials 70
Lumber 72
Engineered Wood 75
Particleboard 79
Plywood 81
MDF 83
Other 85
Wood Veneer 87
Nonwood Materials 89
Decorative Laminates 91
Material Characteristics 94
Material Development 96
Metal 97
Glass & Other 99

IV. PRODUCTS 102

General 102
Kitchen Cabinets 106
Kitchen Cabinet Characteristics 107
Demand by Market 111
Demand by Construction Method 113
Stock 115
Semicustom 118
Custom 122
Demand by Material 124
Bathroom Cabinets 126
Vanities 130
Other Bathroom Cabinets 132
Demand by Material 136
Other Cabinet Products 138
Store Display Cabinets 140
All Other Cabinets 141
Entertainment Center Cabinets 143
Home Office Cabinets 144
Garage Cabinets 145
Other Home Cabinets 145
Miscellaneous Cabinets 146
Demand by Material 146

V. MARKETS 149

General 149
Demand by Market & Application 150
Demand by Product & Material 153
Residential 156
New 159
Improvements & Repairs 162
Demand by Material 167
Demand by Housing Type 169
Single-Family 170
Multifamily 172
Manufactured Housing 174
Nonresidential 175
New 177
Improvements & Repairs 180
Demand by Material 182
Demand by Building Type 183
Office & Commercial 185
Institutional 186
Other 188
Nonconstruction 190
Demand by Application 191
Demand by Material 193

VI. REGIONS 195

General 195
Regional Demographic & Economic Trends 196
Economic Outlook 197
Population Patterns 199
Construction Activity 202
Housing Trends 204
Regional Demand for Cabinets 207
Northeast 209
New England 211
Middle Atlantic 212
Midwest 213
East North Central 217
West North Central 218
South 219
South Atlantic 222
East South Central 224
West South Central 225
West 227
Mountain 229
Pacific 231

VII. INDUSTRY STRUCTURE 233

General 233
Industry Composition 234
Market Share 238
Competitive Strategies 244
Product Development 246
Manufacturing 249
Plant Closures 250
Raw Materials 251
Manufacturing Technologies 252
Marketing 253
Distribution 257
Mergers & Acquisitions & Cooperative Agreements 261
Company Profiles 264
Adelphi Kitchens Incorporated 265
Adorn Door, see Patrick Industries
American Woodmark Corporation 267
Aristokraft Cabinetry,
see Fortune Brands Home & Security
Armstrong World Industries Incorporated 272
Barbosa Cabinets Incorporated 275
Bertch Cabinet Manufacturing Incorporated 276
Broan-NuTone Storage Solutions, see Nortek
Canyon Creek Cabinet, see Sumitomo Forestry
Cardell Kitchen and Bath Cabinetry 279
Conestoga Wood Specialties Corporation 280
Crystal Cabinet Works Incorporated 283
Decorà Cabinetry, see Fortune Brands Home & Security
Diamond Cabinetry, see Fortune Brands Home & Security
Dura Supreme Incorporated 286
Elkay Manufacturing Company 288
EuroCraft Cabinets, see Republic National Cabinet
Eurodesign Cabinets, see Royal Industries
Fortune Brands Home & Security Incorporated 293
Grandview Products Company Incorporated 304
Groupe Cabico Incorporated 306
Haas Cabinet Company Incorporated 307
Homecrest Cabinetry,
see Fortune Brands Home & Security
Huntwood Industries Incorporated 309
Imprèsa Technologies, see Conestoga Wood Specialties
Kemper Distinctive Cabinetry,
see Fortune Brands Home & Security
Kitchen Craft Cabinetry,
see Fortune Brands Home & Security
Kitchen Kompact Incorporated 311
Kohler Company 312
KraftMaid Cabinetry, see Masco
Legacy Cabinets, see Republic National Cabinet
Lozier Corporation 316
Marsh Furniture Company 318
Masco Corporation 320
MasterBrand Cabinets,
see Fortune Brands Home & Security
MasterCraft Cabinets, see Elkay Manufacturing
Medallion Cabinetry, see Elkay Manufacturing
Merillat Industries, see Masco
Mid Continent Cabinetry, see Norcraft Companies
Norcraft Companies LP 328
Nortek Incorporated 335
Omega Cabinetry, see Fortune Brands Home & Security
Pace Industries Incorporated 338
Patrick Industries Incorporated 339
Quality Cabinets, see Masco
Republic National Cabinet Corporation 342
Robern, see Kohler
Royal Industries Incorporated 347
RSI Holding Corporation 349
Schrock Cabinetry, see Fortune Brands Home & Security
Schuler Cabinetry, see Elkay Manufacturing
StarMark Cabinetry, see Norcraft Companies
Sumitomo Forestry Company Limited 354
UltraCraft, see Norcraft Companies
Viking Range Corporation 358
Wellborn Cabinet Incorporated 359
Woodcrafters Home Products LLC 365
Wood-Mode Incorporated 367
Yorktowne, see Elkay Manufacturing
Additional Companies Mentioned in Study 370

LIST OF TABLES

SECTION I -- EXECUTIVE SUMMARY

Summary Table 3

SECTION II -- MARKET ENVIRONMENT

1 Macroeconomic Indicators 8
2 Population & Households 12
3 Personal Consumption Expenditures 15
4 Consumer Financing Environment, 2001-2011 19
5 Building Construction Expenditures 22
6 Residential Building Construction Expenditures 25
7 New Housing Indicators 30
8 Housing Stock by Type 33
9 Residential Improvement & Repair Expenditures 36
10 Nonresidential Building Construction Expenditures 39
11 Nonresidential Building Stock 41
12 Nonresidential Building Improvement & Repair Expenditures 43
13 Transportation Equipment Shipments 46
14 US Cabinet Market, 2001-2011 49
15 US Cabinet Foreign Trade 61

SECTION III -- MATERIALS

1 Materials Used in Cabinet Production 69
2 Wood-Based Materials Used in Cabinet Production 72
3 Lumber Use in Cabinet Production 75
4 Engineered Wood Use in Cabinet Production 78
5 Wood Veneer Use in Cabinet Production 88
6 Nonwood Materials Used in Cabinet Production 91
7 Decorative Laminates Used in Cabinet Production 93
8 Metal Used in Cabinet Production 98
9 Glass & Other Materials Used in Cabinet Production 101

SECTION IV -- PRODUCTS

1 Cabinet Supply & Demand 105
2 Kitchen Cabinets Demand by Market 113
3 Kitchen Cabinet Demand by Construction Method 115
4 Stock Kitchen Cabinet Demand by Market 118
5 Semicustom Kitchen Cabinet Demand by Market 121
6 Custom Kitchen Cabinet Demand by Market 124
7 Kitchen Cabinet Demand by Material 126
8 Bathroom Cabinet Demand by Market & Type 129
9 Bathroom Vanity Demand by Market 132
10 Other Bathroom Cabinet Demand by Market 136
11 Vanity & Other Bathroom Cabinet Demand by Material 138
12 Other Cabinet Demand by Market & Type 140
13 All Other Cabinet Demand by Type 142
14 Other Cabinet Demand by Material Type 148

SECTION V -- MARKETS

1 Cabinet Demand by Market & Application 153
2 Cabinet Demand by Product & Material 156
3 Residential Cabinet Demand by Product & Application 159
4 New Residential Cabinet Demand by Product 162
5 Residential Improvement & Repair
Cabinet Demand by Product 167
6 Residential Cabinet Demand by Material 169
7 Residential Cabinet Demand by Housing Type 170
8 Single-Family Housing Cabinet Demand by Application 172
9 Multifamily Housing Cabinet Demand by Application 173
10 Manufactured Housing Cabinet Demand by Application 175
11 Nonresidential Building Cabinet Demand
by Product & Application 177
12 New Nonresidential Building Cabinet Demand by Product 179
13 Nonresidential Building Improvement & Repair
Cabinet Demand by Product 181
14 Nonresidential Building Cabinet Demand by Material 183
15 Nonresidential Building Cabinet Demand by Building Type 184
16 Office & Commercial Cabinet Demand by Application 186
17 Institutional Cabinet Demand by Application 188
18 Other Nonresidential Building Cabinet Demand
by Building Type & Application 190
19 Nonconstruction Cabinet Demand
by Product Type & Application 193
20 Nonconstruction Cabinet Demand by Material 194

SECTION VI -- REGIONS

1 Gross Domestic Product by Region 199
2 Population by Region 202
3 Construction Expenditures by Region 204
4 Regional Housing Indicators 207
5 Cabinet Demand by Region 208
6 Northeast Cabinet Demand by Subregion & Market 211
7 Midwest Cabinet Demand by Subregion & Market 216
8 South Cabinet Demand by Subregion & Market 222
9 West Cabinet Demand by Subregion & Market 229

SECTION VII -- INDUSTRY STRUCTURE

1 US Cabinet Revenues for Selected Manufacturers, 2011 236
2 Selected Cooperative Agreements 263

LIST OF CHARTS

SECTION II -- MARKET ENVIRONMENT

1 Year of Construction of Housing Stock, 2011 34
2 Cabinet Market, 2002-2011 50
3 Cabinet Pricing, 2001-2021 53
4 US Cabinet Imports by Source, 2011 64
5 US Cabinet Exports by Destination, 2011 66
SECTION III -- MATERIALS
1 Engineered Wood Use in Cabinet Production, 2011 79
SECTION VI -- REGIONS
1 Cabinet Demand by Region, 2011 209
SECTION VII -- INDUSTRY STRUCTURE
1 US Cabinet Market Share, 2011 238
2 US Cabinet Distribution Channels, 2011 261