Residential buildings to remain dominant market
Residential buildings accounted for the largest share of cabinet demand in 2007, with 81 percent. The residential market will continue to hold this leading position through 2012, given the greater intensity of cabinet use than in nonresidential and nonconstruction markets. In addition, improvement and repair activity is often aided by consumers’ changing aesthetics. Through 2012, the nonresidential market is anticipated to see solid gains, supported by both new and improvement andrepair spending growth. The role played by aesthetics in cabinetdemand varies among the different nonresidential applications, with decorative concerns affecting decisions in retail and other consumer-oriented settings such as spas and lodging establishments, and price and performance playing a larger role in lower visibility applications such as office kitchens and industrial facilities. Nonconstruction markets will see gains, aided by modest increases in production of recreational boats and vehicles over the forecast period.
Kitchen cabinets to continue expansion into other rooms
Kitchen cabinets, which represented about 85 percent of cabinet demand in 2007, will benefit from a continuing trend toward using more cabinets per kitchen, as well as from an expanding range of kitchen cabinet styles and options. In addition, the rising use of kitchen-type cabinets in other rooms of the home (e.g., laundry rooms and media rooms) will also aid increases. Shipments of bathroom cabinets will offer slightly stronger growth prospects through 2012, supported by design trends such as larger bathrooms and a greater number of bathrooms per house, as well as by the recovery in new housing construction and ongoing gains in improvement and repair expenditures. Demand for other types of cabinets will be led by the strong performance of garage and nonoffice (e.g., laundry, hobby and mudroom) cabinets, which will benefit from the ongoing popularity of built-in cabinetry in these rooms where it has not been traditionally used. In addition, store display fixtures and other cabinets will see growth, bolstered by a healthy construction environment in the nonresidential market.
Study coverage
These and other findings are available in Cabinets, a new industry study priced at $4700. It presents historical demand data for the years 1997, 2002 and 2007 plus forecasts for 2012 and 2017 by product, market and geographic region. The study also considers market environment factors, evaluates company market shares and profiles 32 industry players.
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