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Cabinet Market Size (2024 - 2029)

The Cabinet Market is projected to experience significant growth, driven by a resurgence in residential building construction and evolving design trends that favor increased cabinet usage. The expansion of kitchen spaces, often featuring islands and breakfast bars, is a major contributor to the market's growth, as kitchens typically require substantial cabinetry. Additionally, the demand for bathroom cabinets is rising due to trends that incorporate multiple bathrooms in homes. Although smaller in scale, bathroom cabinets play a crucial role in storage. The nonresidential sector also contributes to the market's expansion, supported by robust growth in office, commercial, and institutional construction activities.

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Market Size of Cabinet Industry

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

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 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 Size Summary

The cabinet market is poised for significant growth, driven by a resurgence in residential building construction and evolving design trends that favor increased cabinet usage. The demand for kitchen cabinets remains robust, as they occupy substantial space in new homes, particularly with the trend towards larger kitchens featuring islands and breakfast bars. Additionally, the rise in the number of bathrooms in homes is boosting the demand for bathroom cabinets, such as medicine vanities. In the nonresidential sector, the market is experiencing growth due to increased expenditures in office, commercial, and institutional construction. While kitchen cabinets dominate the market, other types of cabinets are gaining traction, especially in developing economies where non-residential construction is on the rise, such as in China.

The Asia-Pacific region is witnessing rapid growth in cabinet demand, with China and India leading the charge. China is expected to surpass Japan, becoming the second-largest cabinet market globally during the forecast period. This growth is supported by the increasing installation of cabinets in both residential and nonresidential buildings. The market is characterized by the presence of major international players like American Woodmark Corporation, Fortune Brands Home & Security, Inc., and IKEA, among others. However, technological advancements and product innovations are enabling mid-size to smaller companies to expand their market presence by securing new contracts and exploring new markets.

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Cabinet Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Drivers

    3. 1.3 Restraints

    4. 1.4 Trends Shaping the Cabinet Market

    5. 1.5 Porter's Five Forces Analysis

    6. 1.6 Industry Value Chain Analysis

    7. 1.7 Technological Innovations

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 By Type

      1. 2.1.1 Kitchen Cabinets

      2. 2.1.2 Bathroom Cabinets

      3. 2.1.3 Entertainment Center Cabinets

      4. 2.1.4 Home Office Cabinets

      5. 2.1.5 Other Cabinets

    2. 2.2 By End User

      1. 2.2.1 Residential

      2. 2.2.2 Commercial

    3. 2.3 By Distribution Channel

      1. 2.3.1 Home Centers

      2. 2.3.2 Flagship Stores

      3. 2.3.3 Specialty Stores

      4. 2.3.4 Online Stores

      5. 2.3.5 Other Distribution Channels

    4. 2.4 By Region

      1. 2.4.1 North America

      2. 2.4.2 Europe

      3. 2.4.3 Asia-Pacific

      4. 2.4.4 South America

      5. 2.4.5 Middle East & Africa

Cabinet Market Size 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.

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