Cabinet & Vanity Manufacturing in the US - Industry Market Research Report

Cabinet & Vanity Manufacturing in the US - Industry Market Research Report

  • July 2021 •
  • 44 pages •
  • Report ID: 575865 •
  • Format: PDF
Vanity fair: Economic conditions will likely encourage spending on home improvements, boosting industry demand

Abstract

Cabinet & Vanity Manufacturing in the US
The Cabinet and Vanity Manufacturing industry, which includes only products manufactured primarily from wood, has grown moderately over the five years to 2019. The industry generates the vast majority of its revenue from new housing and residential renovation projects. Consequently, it surged at the outset of the period as the US housing market continued its long recovery from the earlier financial crisis. However, growth has since cooled as the housing market has begun to normalize and competition has increased. This competition includes the availability and growing popularity of substitute materials, such as granite and quartz for countertops. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to rise, albeit at a slower rate. Although continued growth in housing starts will likely maintain demand for cabinets and countertops, a slowdown in home improvement spending is expected to limit the industry’s potential.

Operators in this industry manufacture kitchen cabinets, bathroom vanities and countertops, primarily made of wood or wood coverings. Manufacturers then distribute these products to wholesalers, contract outfitters and home improvement stores throughout the United States.

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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