Latest News- Cabinets Market: Residential is expected to lead the End-user segment during 2025-2029

The Cabinets Market is being driven by Growing influence of different retailing channels

The Cabinets Market is expected to grow at a CAGR of 6.4% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 28207.8 million. The millennial demographic, known for their preference for smaller living spaces and single-person households, has driven the trend towards multi-functional outdoor kitchen cabinets in the global cabinets market. With a growing global population of over 1.8 billion, millennials now represent the largest consumer group in the furniture and bedding industry. In Australia alone, they accounted for over 17% of the total population in 2023 and emerged as the largest spending demographic. As tech-savvy individuals, millennials are highly adept at using digital devices for purchasing, making them a significant market for vendors in the cabinets industry. 

Get more information on Cabinets Market by requesting a sample report

Which Factors Are Causing a Surge in Market Growth?

The market is segmented based on

• End-user
  • Residential
  • Commercial
• Application
  • Kitchen cabinets
  • Bathroom cabinets
  • Others
• Geography
  • North America
    • Canada
    • US
  • Europe
    • Germany
    • UK
    • France
    • Italy
  • APAC
    • China
    • India
    • Japan
  • South America
  • Middle East and Africa

According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows: 

• Growing influence of different retailing channels
• Growing popularity of home renovation and remodeling
• Increasing urbanization and residential construction

However, the market also witnesses some limitations, which are as follows:

• Fluctuating raw materials prices of cabinets
• Long product replacement cycle of cabinets
• Stringent environmental regulations compliance related to cabinets

Benefits of Buying Global Cabinets Market Research Report by Technavio

Rich Experience: 20+ years leading global market research, trusted insights across industries.

Unlock Business Potential with Technavio: Maximize ROI with Technavio's tailored market research: deep dives and actionable insights.

Your Guide to Market Success: Empower your business with Technavio's market research and future-proof your decisions.

Market Scope in Cabinets Market Research Report

Request Free Sample

Find out which segment is leading the market by accessing the free PDF report

Research Analysis Overview

The cabinets market is experiencing a surge in demand, particularly for kitchen cabinets, driven by design trends and the expansion of larger kitchens with breakfast bars. In nonresidential construction, sectors like office and commercial development are key growth areas. Bathroom cabinets are also in demand, especially in homes with multiple bathrooms and medicine vanities. The developing economy and nonconstruction factors like cost analysis and political and social influences also impact market dynamics. Product pricing and the nonresidential market, including institutional construction, are further influencing the cabinets industry.

Market Research Overview

The global building products market, encompassing manufacturers of components such as windows and doors, flooring, ceiling and wall fixtures, roofing and gutter materials, insulation, cabinets, plumbing fixtures, and home improvement products and equipment, is experiencing significant growth. This expansion is primarily driven by the burgeoning construction sector in both developed and emerging economies. Urbanization and infrastructure development, particularly in healthcare facilities, necessitate the construction of new residential and commercial structures, thereby fueling the demand for building and home improvement products. A key trend in the kitchen cabinet segment is the increasing preference for larger kitchens with breakfast bars, reflecting a shift towards open-plan living and a focus on home-cooked meals. The market size is calculated based on the combined revenue generated by these manufacturers.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/