US Cabinets Market Worth $16.0 Billion by 2018 Says A New Research Report at RnRMarketResearch.com

RnRMarketResearch.com adds Latest Report on “Cabinets to 2018” to its store. Place a direct purchase order of this report at http://www.rnrmarketresearch.com/contacts/purchase?rname=172347

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Dallas, TX (PRWEB) May 06, 2014

US demand to rise 6.6% annually through 2018
Demand for cabinets in the US is forecast to rise 6.6 percent annually to $16.0 billion in 2018, driven by a rebound in residential building construction expenditures. Rapid advances in new housing completions will fuel demand for cabinetry. Not only will more houses be constructed, but many of these houses will feature larger kitchens and multiple bathrooms, the two rooms where cabinets are most often installed. Further gains will be spurred by the residential improvement and repair market. Increasing home values and a more favorable lending environment will encourage consumers to engage in home improvement projects, such as cabinet-intensive kitchen and bathroom renovations. Not only will homeowners install more cabinets, but these cabinets will often feature value-added amenities that enhance convenience, such as light-emitting diode lighting, pull-out shelves, storage racks, and easy-to-open doors.

Complete report is available @ http://www.rnrmarketresearch.com/cabinets-to-2018-market-report.html .

Dominant kitchen cabinet segment to lead gains
Among cabinet types, kitchen cabinets, which accounted for 81 percent of cabinet demand in 2013, are expected to see the fastest growth through 2018, with demand totaling $13.1 billion. In addition to the rebound in residential building construction spending, gains will be spurred by design trends that call for homes to have larger kitchens with such features as islands and breakfast bars. These kitchens are often equipped with more and larger cabinets that provide ample storage space.

Demand for bathroom cabinets is forecast to grow 6.1 percent per year to $1.9 billion in 2018. Advances will be spurred by design trends that call for houses to feature multiple bathrooms. While smaller in size than kitchens, bathrooms feature cabinetry — such as medicine chests and vanities — to provide storage space for personal items and cleaning supplies. Demand for other cabinets, such as garage, home office, and home theater cabinets, is expected to advance through 2018, supported by interest in cabinets that serve as attractive storage options compared to open shelving and freestanding furnishings.

Order a copy of this report @ http://www.rnrmarketresearch.com/contacts/purchase?rname=172347 .

Nonresidential market to benefit from solid growth
Through 2018, demand for cabinets in the nonresidential market is anticipated to advance 6.1 percent annually to $3.0 billion. Solid growth in office and commercial construction spending and institutional construction expenditures will boost demand. Hotels, office buildings, and healthcare facilities use cabinets to provide secure yet attractive storage solutions. Moreover, a more favorable economic outlook will support consumer demand, spurring demand for store fixture cabinets. Nonconstruction demand for cabinets will be promoted by rebounding shipments of recreational boats, business jets, and recreational vehicles. Cabinets are installed in these craft to make them better resemble residences.

Domestic cabinet production to grow
The US cabinet industry is characterized by relatively low levels of foreign trade, with imports accounting for about six percent of demand in 2013 and exports only one percent of shipments. Going forward, domestic production of cabinets is forecast to grow, as manufacturers take advantage of low-cost natural gas to relocate production sites to the US and expand those facilities already here.

Company Profiles
Profiles for 36 competitors in the US industry, including American Woodmark, Elkay Manufacturing, Masco, MasterBrand Cabinets (Fortune Brands Home & Security), Norcraft, & RSI Home Products

Additional Information
This study examines the US market for cabinets, defined as enclosed storage units that are permanently affixed to a structure. Cabinet products discussed include kitchen (stock, semicustom, and custom), bathroom (vanities, medicine chests, linen cabinets, and other), and other (store fixture, entertainment centers, home office, garage, laboratory, and all other special function cabinets). While product categories are often the same as the rooms in which the cabinets are used (i.e., bathroom cabinets are almost exclusively used in bathrooms), the cabinet type does not always match the location of the installed cabinet, as in the case of kitchen cabinets adapted for use in such other locations as laundry rooms, family rooms, or bedrooms. Furniture pieces, ready-to-assemble cabinets, bookcases, and other casework that fulfill similar storage functions are excluded from the study. Home organization products such as closet organizers and open shelving are also excluded.

This study also analyzes material use in cabinet production, including solid wood, wood veneers, engineered wood materials (e.g., particleboard, medium density fiberboard, and plywood), and nonwood materials (e.g., decorative laminates, metal, glass, and other). Demand for cabinets is presented by intended end use, including residential buildings, nonresidential buildings, and nonconstruction applications (e.g., recreational vehicles and boats).

Browse more reports on Furniture Market @ http://www.rnrmarketresearch.com/reports/consumer-goods/house-home-care/furniture .

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