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U.S. demand for kitchen cabinets is projected to increase by more than 6 percent

By Anonymous
Publication: Wood Digest
Date: Saturday, January 1 2005
IMAGE ILLUSTRATION1

A new report on the American kitchen cabinet market from the AKTRIN Furniture Information Center says U.S. demand for cabinets is projected to increase more than 6 percent per year through 2008 to more than $16 billion. Advances will accelerate from the pace of the 1998-2003 period as a result of stronger expenditures for residential repair and improvement projects, which constitute the single largest end use for cabinets.

Changing consumer preferences in cabinet design toward more elaborate designs and materials will also aid cabinet demand. U.S. cabinet shipments will rise 6.1 percent annually through 2008 to $15.6 billion.

Additionally, a recovery in the new nonresidential construction market will bolster gains through 2008. Building design trends that lead to greater cabinet usage per residence will also boost new residential cabinet growth.

However, a weak new housing environment, highlighted by declining singlefamily home completions, will temper demand for cabinets.

Larger kitchens and design trends to spur demand for kitchen cabinets.

Kitchen cabinets will continue to dominate the U.S. cabinet industry, accounting for more than 80 percent of the total in 2008.

Kitchen cabinets will benefit from a continuing trend toward using more cabinets to provide increased utility, as well as by an expanding range of kitchen cabinet styles and options. Gains will also be aided by patterns in new construction, including larger kitchens and design trends. The rising use of kitchentype cabinets in other rooms of the home (e.g., laundry rooms and media rooms) will also aid increases.

For more information go to http://furniture-info.com/1320.htm on the Web.