Cabinets Market to grow by USD 22.57 billion from 2022 to 2027, Growing influence of different retailing channels to drive the growth- Technavio

NEW YORK, Sept. 26, 2023 /PRNewswire/ -- The cabinets market is expected to grow by USD 22.57 billion from 2022 to 2027. However, the growth momentum of the market will progress at a CAGR of 5.73% during the forecast period. The market is segmented by application (kitchen cabinets, bathroom cabinets, and others), end-user (residential and commercial), and geography (North America, Europe, APAC, South America, and Middle East and Africa). The growing influence of different retailing channels is a key factor driving market growth. Growing global interest in online and offline retail channels plays a vital role in the growth of the cabinet market. The impact of eCommerce Shopping and Retailing on the Global Market has increased as internet penetration grows around the world. Furthermore, many large companies have begun to open new online stores for furniture and are planning to launch their e-commerce-based outlets. In addition, the main players in the furniture market are increasingly focusing on selling their products through various channels, e.g. through applications, so that they can take advantage of different retail options. Hence, these factors are expected to drive market growth during the forecast period. The report analyses the market size and growth and provides accurate predictions of the market's growth. View FREE PDF Sample 

Key Highlights:

• The report recognizes the following as some of the key players in the cabinets market: American Woodmark Corp., Avanity Corp., BALDHEAD CABINET, Bellaterra Home LLC, Bertch Cabinet LLC, Cabinetworks Group, Crystal Cabinet Works Inc., Design Element Group, DHI Custom Cabinetry, DuPont de Nemours Inc., Empire Industries Inc., Fabuwood Cabinetry Corp., Fehrenbacher Cabinets Inc., Foremost Groups Ltd., MILARC CABINETS, New Cabinet Co., Northland Cabinets Inc., Prasara Innotech Pvt Ltd., Wilsonart LLC, and Kohler Co.
• Cabinets Market is fragmented in nature.
• Market to observe 5.11% YOY growth in 2023.

Major Trend 

• The growth in demand for outdoor kitchen cabinets among millennials is a major trend in the market.

Significant Challenge

• Unstable prices of raw materials is a significant challenge restricting market growth.

The report also covers information on upcoming trends and challenges. Explore detailed information by purchasing a report

Keg Segments:

• The kitchen cabinets segment will account for a major share of the market's growth during the forecast period. Kitchen cabinets are units of kitchen furniture manufactured outside or inside, for the purpose of storing foodstuffs, utensils, and most often silverware and cutlery to serve meals. Furthermore, It is possible to select from a variety of kitchen cabinet materials, for example, stainless steel, Marine grade aluminum, masonry, vinyl chloride, and wood. The market in focus will probably benefit from increased occurrences of renovation and the launch of new products. In December 2022, for example, Stanley Group began to offer the Cabinetry Cult innovation kitchen and furniture solution. Hence, these factors are expected to drive segment growth during the forecast period.

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FAQS

• How do the major trends impact the market?
• How big is the North America market?
• How do the key drivers and challenges impact the market?

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ToC:

Executive Summary

Market Landscape

Market Sizing

Historic Market Sizes

Five Forces Analysis

Market Segmentation by Application

Market Segmentation by End-User

Customer Landscape

Geographic Landscape

Drivers, Challenges, & Trends

Company Landscape

Company Analysis

Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provide actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com

SOURCE Technavio

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