Cabinet & Vanity Manufacturing in Canada - Industry Market Research Report

Cabinet & Vanity Manufacturing in Canada - Industry Market Research Report

  • November 2021 •
  • 38 pages •
  • Report ID: 4564143 •
  • Format: PDF
Tales of vanity: Industry growth will likely be hindered by rising imports

Abstract

Cabinet & Vanity Manufacturing in Canada
The Cabinet and Vanity Manufacturing industry in Canada is expected to grow over the five years to 2019. At the beginning of the five-year period, demand for industry products faltered as residential housing expenditure and consumer confidence lagged due to the overbuilding of multifamily housing units. However, the subsequent strengthening of economic conditions spurred a recovery in downstream demand from the construction sector in both Canada and the United States, which are the primary destinations for industry exports, increasing demand for cabinets and countertops for new homes and renovated properties. Over the five years to 2024, the industry is anticipated to experience a marginal increase in revenue. Policies meant to curb speculative real estate activity have been implemented at the government’s federal and provincial levels, which will reduce demand for industry products.

The Cabinet and Vanity Manufacturing industry in Canada manufactures kitchen cabinets, bathroom vanities and countertops that are primarily made of wood or wood coverings. Manufacturers distribute their products to wholesalers, contract outfitters and home improvement stores.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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