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Cabinet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The report covers Global Cabinet Industry Statistics and it is Segmented By Type (Kitchen Cabinets, Bathroom Cabinets, Entertainment Center Cabinets, Home Office Cabinets, and Other Cabinets), By End-User (Residential, and Commercial), by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, and Other Distribution Channels), by Geography (North America, Europe, Asia-Pacific, South America, and the Middle East & Africa)

Home Market Analysis Home and Property Improvement Research Furniture and Furnishings Research Home Furniture Research Kitchen Furniture Research Kitchen Cabinets Research Cabinet Industry

Cabinet Market Size

Cabinet Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 131.29 Billion
Market Size (2029) USD 165.67 Billion
CAGR (2024 - 2029) 4.76 %
Fastest Growing Market Asia Pacific
Largest Market North America
Market Concentration Low

Major Players

Cabinet Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Cabinet Market with other markets in Home and Property Improvement Industry

Kitchen Appliances

Home Appliances

Laundry Appliances

Home Decor

Furniture and Furnishings

Floor Coverings

Cabinet Market Analysis

The Cabinet Market size is estimated at USD 131.29 billion in 2024, and is expected to reach USD 165.67 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).

Demand for cabinets globally will be spurred by a strong rebound in residential building construction and by design trends that promote the use of more cabinets. Driven by a strong rebound in residential building construction. Kitchen cabinets continue to claim a large share of square footage in new housing, boosting demand for cabinets as these rooms are the areas of a home where cabinets are most often installed. In addition to the rebound in residential building construction, advances will drive by design trends that call for homes to have larger kitchens with such features as islands and breakfast bars. Demand gains for bathroom cabinets will drive by design trends that call for multiple bathrooms. While smaller in size than kitchens, bathrooms feature cabinets such as medicine vanities that provide storage space for personal items and cleaning supplies. Demand for cabinets in the nonresidential market will be fueled by solid growth in office, commercial, and institutional construction expenditures.

Cabinet Market Trends

This section covers the major market trends shaping the Cabinet Market according to our research experts:

Kitchen Cabinets are Dominating the Market

Kitchen cabinets are dominating the market by accounting for the largest share of the market, with significant growth rate, due to rising value and volume demand. The other type of fo cabinets take the smallest share of the market but are due to greater use in the developing economy. For instance, strong advances in non-residential building construction in China have boosted demand for cabinets used as fixtures in offices and medical buildings.

Cabinet Market - Market Share by Type in %, 2019

Asia-Pacific is Anticipated to Grow at Highest Rate

Cabinet revenues in the Asia-Pacific region are growing. The region is anticipated to grow at a higher rate with significant CAGR during the forecast period. Driven by rapid demand growth in developing countries, primarily China and India. China is forecast to continue to post the fastest gains in cabinet demand of any country, surpassing Japan to become the second largest global cabinet market in the forecast period. Rapid growth in the installations of cabinets in new and existing homes, as well as in nonresidential buildings, will support the robust demand growth.

Global Cabinet Market- Growth Rate by Region (2020-2025)

Cabinet Industry Overview

The report covers major international players operating in the CabinetMarket. Some of the key players in the market are American Woodmark Corporation, Fortune Brands Home & Security, Inc, Howden Joinery, IKEA, Nobia and others. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Cabinet Market Leaders

  1. American Woodmark Corporation

  2. Kohler Co.

  3. Fortune Brands Home & Security, Inc.

  4. Howden Joinery Group plc

  5. Nobia

*Disclaimer: Major Players sorted in no particular order

Cabinet Market Concentration
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Cabinet Market Report - Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Drivers

    3. 4.3 Restraints

    4. 4.4 Trends Shaping the Cabinet Market

    5. 4.5 Porter's Five Forces Analysis

    6. 4.6 Industry Value Chain Analysis

    7. 4.7 Technological Innovations

    8. 4.8 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 By Type

      1. 5.1.1 Kitchen Cabinets

      2. 5.1.2 Bathroom Cabinets

      3. 5.1.3 Entertainment Center Cabinets

      4. 5.1.4 Home Office Cabinets

      5. 5.1.5 Other Cabinets

    2. 5.2 By End User

      1. 5.2.1 Residential

      2. 5.2.2 Commercial

    3. 5.3 By Distribution Channel

      1. 5.3.1 Home Centers

      2. 5.3.2 Flagship Stores

      3. 5.3.3 Specialty Stores

      4. 5.3.4 Online Stores

      5. 5.3.5 Other Distribution Channels

    4. 5.4 By Region

      1. 5.4.1 North America

      2. 5.4.2 Europe

      3. 5.4.3 Asia-Pacific

      4. 5.4.4 South America

      5. 5.4.5 Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 American Woodmark Corporation

      2. 6.2.2 Fortune Brands Home & Security

      3. 6.2.3 Howden Joinery

      4. 6.2.4 Inter IKEA Holding SA

      5. 6.2.5 Nobia

      6. 6.2.6 Hanssem

      7. 6.2.7 LIXIL Sunwave

      8. 6.2.8 Takara Standard

      9. 6.2.9 Cleanup Corporation

      10. 6.2.10 Kohler Co.

      11. 6.2.11 Other Companies (KraftMaid, Merillat, Aristokraft, Wellborn, Marsh Furniture, Robern, and Canyon Creek)

    3. *List Not Exhaustive

  7. 7. FUTURE OF THE MARKET

  8. 8. DISCLAIMER

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Cabinet Industry Segmentation

A complete background analysis of the Cabinet Market, which includes an assessment of the parental market, emerging trends by segments and regional markets, Significant changes in market dynamics and market overview is covered in the report. The report also features the qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.

By Type
Kitchen Cabinets
Bathroom Cabinets
Entertainment Center Cabinets
Home Office Cabinets
Other Cabinets
By End User
Residential
Commercial
By Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels
By Region
North America
Europe
Asia-Pacific
South America
Middle East & Africa
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Cabinet Market Research FAQs

The Cabinet Market size is expected to reach USD 131.29 billion in 2024 and grow at a CAGR of 4.76% to reach USD 165.67 billion by 2029.

In 2024, the Cabinet Market size is expected to reach USD 131.29 billion.

American Woodmark Corporation, Kohler Co., Fortune Brands Home & Security, Inc., Howden Joinery Group plc and Nobia are the major companies operating in the Cabinet Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Cabinet Market.

In 2023, the Cabinet Market size was estimated at USD 125.32 billion. The report covers the Cabinet Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Cabinet Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The opportunities in the Cabinet Market are a) Emerging markets with growing urbanization and disposable income b) Integration of smart features in cabinets c) Offering sustainable and eco-friendly cabinet solutions

The key trends in the Cabinet Market are a) Increased demand for customized and modular cabinets b) Integration of smart technology (e.g., sensor-controlled lighting) c) Popularity of minimalistic and sleek designs d) Focus on sustainable materials and manufacturing processes

Cabinets Industry Report

The cabinet market is set for sustained expansion, fueled by growth in both residential and commercial sectors. Kitchen cabinets, a significant space occupier in new homes, are particularly highlighted by the largest cabinet manufacturers due to their essential role in modern home design. These cabinets are seeing a surge in demand not just from residential construction but also due to evolving trends favoring spacious and feature-rich kitchen designs. The non-residential market also shows strong demand, propelled by developments in commercial and institutional constructions where the best cabinet companies often offer specialized products. Regionally, the Asia-Pacific area is experiencing rapid growth, driven by intense construction activities in emerging economies like China and India, which boosts demand for various cabinet types including those for offices and medical settings. Overall, the cabinet-making industry is advancing through innovative design, modular and customized options, and the integration of sustainable practices. Industry analysis by Mordor Intelligenceā„¢ provides a comprehensive market forecast and historical overview, underlining the sector's growth rate and revenue potential. For detailed insights, a free report PDF download is available, summarizing key market share and size statistics.

Cabinets Market Report Snapshots

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Cabinet Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)