2024 Kitchen Cabinet Market : Regional Growth, Business Strategies, Industry Revenue Forecasted to 2033

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company presents an extensive market research report on the Kitchen Cabinet Global Market Report 2024, furnishing businesses with a competitive edge through a detailed examination of the market structure, encompassing estimates for various segments and sub-segments.

Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the industry. This report market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.

Market Sizing:

The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%. The growth in the historic period can be attributed to housing boom, traditional design trends, economic stability, material preferences, limited customization, functional considerations.

The kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $210.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%. The growth in the forecast period can be attributed to modern design trends, renovation and remodeling trends, customization and personalization, material innovation, smart kitchen integration. Major trends in the forecast period include digitalization and e-commerce, smart and integrated solutions, sustainable materials and eco-friendly designs, customization and modular designs, color and design trends, online purchases and virtual showrooms.

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Key Market Players:

Major companies operating in the kitchen cabinet market report are IKEA AB, Masco Corp, Leggett & Platt Incorporated, Cabot Companies Inc., Oppein Home Products Inc., Master Brand Cabinets Inc., Takara Standard Co Ltd., American Woodmark Corporation, Nobilia Küchen GmbH, Hanssem Co Ltd., Cleanup Corporation, ZBOM Holding Group Co Ltd., Cabinetwork Group Inc., GoldenHome Living Co Ltd., Wood-Mode LLC, Wellborn Cabinet Inc., Bulthaup GmbH & Co KG, Leicht Kitchen AG, Fabuwood Cabinetry, Bellmont Cabinet Co, KraftMaid Cabinetry, Master Wood Craft Cabinetry LLC, Canyon Creek Cabinet Company, Kitchen Cabinet Distributors, Poggenpohl Küchen GmbH & Co KG, JPD Kitchen Depod Inc., AC Products Inc., LIXIL Group Corporation, Fine Kitchen Cabinet, SieMatic Möbelwerke GmbH & Co KG

Market Drivers:

Increasing construction of residential buildings is expected to propel the growth of the kitchen cabinet market going forward. Residential buildings comprise all structures designed for private occupancy, whether permanent or temporary, equipped with the amenities and utilities needed to meet the needs of an individual or family. Kitchen cabinets are frequently needed to store a variety of products such as store equipment, cookbooks, and baking and cooking supplies in residential buildings. For instance, in March 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development published statistics, privately owned home completions were at a seasonally adjusted annual rate of 1,557,00 in February. This is 12.2% (±15.0%) higher than the revised January estimate of 1,388,000 and 12.8% (±16.2%) higher than the February 2022 rate of 1,380,000. Therefore, the increasing construction of residential buildings is driving the growth of the kitchen cabinet market.

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The kitchen cabinet market covered in this report is segmented -

1) By Type: Ready To Assemble (RTA), Stock Kitchen Cabinets, Semi Custom Kitchen Cabinets, Custom Kitchen Cabinets
2) By Raw Material: Wood, Metal, Other Raw Materials
3) By Distribution Channel: Retail, Online, Other Distribution Channels
4) By Application: Home, Restaurants, Other Applications

The report answers the following questions:

What are the primary factors propelling the market during the projected period?

In which region is the most substantial growth expected?

Which trend will take center stage in the upcoming period?

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