Kitchen Cabinet Market Share, Trends And Forecast 2024 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 offers in-depth market insights through Kitchen Cabinet Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
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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Market Segmentation:
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

Major Driver - Residential Building Boom Fuels Surge In Kitchen Cabinet Market Growth
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.

Competitive Landscape:
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

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Top Trend - Stanley Group Elevates The Kitchen Cabinet Market With The Launch Of Cabinetry Cult
Major companies operating in the kitchen cabinet market are developing new products such as advanced cabinetry solutions to gain a competitive edge in the market. Cabinetry solutions refer to a comprehensive range of products and services related to the design, manufacturing, and installation of cabinets. For instance, in December 2022, Stanley Group, an India-based furniture and home decor products company launched cabinetry cult. The product is made with the ideal fusion of French carpentry methods, Italian design sensibility, German precision manufacturing, and Italian craftsmanship. The goal of cabinetry cult's debut is to increase the product offering of Stanley Group and meet the rising demand for superior, bespoke cabinetry solutions in a range of contexts. With products for a variety of uses, such as walk-in wardrobes, wardrobes, and kitchens, the cabinetry cult line provides clients with an extensive solution for their cabinetry requirements.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Kitchen Cabinet Market Characteristics
3. Kitchen Cabinet Market Trends And Strategies
4. Kitchen Cabinet Market - Macro Economic Scenario
5. Kitchen Cabinet Market Size And Growth
…..
27. Kitchen Cabinet Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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