US demand for cabinets is forecast to rise more than eight percent per year through 2016.

1. Cabinets to 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.
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, and 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 abinets, 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.
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2. 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
Major points covered in Table of Contents of this report include:
INTRODUCTION
I. EXECUTIVE SUMMARY 1
II. MARKET ENVIRONMENT
III. MATERIALS
IV. PRODUCTS
V. MARKETS
VI. REGIONS
VII. INDUSTRY STRUCTURE
List of Tables
List of Charts
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Report Details:
Published: June 2012
No. of Pages: 374
Price: US$5100

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