Kitchen Cabinets Market Overview 2024–2032 & Competitive Landscape
According to Fortune Business Insights, Kitchen cabinets or kitchen cupboards, refer to boxes used for storing kitchen accessories, such as dishes, cooking vessels, and glasses. Customers are increasingly seeking homes that come with modern kitchen designs. This factor is expected to fuel the demand for kitchen cupboards with innovative features.
Market Overview:
The global Kitchen Cabinets Market size was valued at USD 100.79 billion in 2024. It is projected to grow from USD 107.86 billion in 2025 to USD 183.53 billion by 2032, exhibiting a CAGR of 7.89% during the forecast period. Moreover, the kitchen cabinets market in the U.S. is expected to grow significantly, reaching USD 43.03 billion by 2032. The rise in home renovations and demand for stylish storage solutions is fueling growth. Asia Pacific dominated the kitchen cabinets market with a market share of 35.51% in 2024.
LIST OF KEY COMPANIES PROFILED IN THE REPORT:
- Master Brand, Inc. (U.S.)
- Inter IKEA Systems B.V. (Netherlands)
- Oppein Home Group Inc. (China)
- Nobia AB (Sweden)
- Takara Standard Co., Ltd. (Japan)
- Howden Joinery Group Plc (U.K.)
- Hacker (Germany)
- Cleanup Corporation (Japan)
- LIXIL Corporation (Japan)
- nobilia-Werke J. Stickling GmbH & Co. KG. (Germany)
- ZBOM Home (China)
- Hafele (Germany)
- Boffi SpA (Italy)
- Molteni & C S.p.A (DADA) (Italy)
- SieMatic Möbelwerke GmbH & Co. KG (Germany)
- Advanced Cabinets Corp (U.S.)
- Cabinet Craft (U.S.)
- American Cabinet Corporation (U.S.)
- Boloni International (China)
Get Free PDF Download: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/kitchen-cabinets-market-109890
Segmentation:
Sustainability Benefits Offered by Wooden Cabinets to Boost Their Demand
Based on material, the global market is segmented into wood, plastic, metal, glass, and others. The wood segment is predicted to capture the largest kitchen cabinets market share during the forecast period as customers are seeking sustainable kitchen accessories to reduce their overall carbon footprint.
Stock Kitchen Cabinets’ Inexpensive Pricing Places it at the Apex Position
Based on category, the market is divided into stock kitchen cabinets, semi-custom kitchen cabinets, and custom kitchen cabinets. In 2023, the stock kitchen cabinet segment dominated the market as Home Depot, Ikea, and Lowe’s offer these items at economical rates.
Cost-Effectiveness of Shaker Cabinets to Bolster Their Adoption
Based on style, the market is segmented into beaded kitchen cabinets, shaker kitchen cabinets, flat panel kitchen cabinets, wall kitchen cabinets, base kitchen cabinets, tall-standing kitchen cabinets, and others. The shaker kitchen cabinets segment might hold a dominant market position as these cabinets are more affordable than their counterparts.
Increasing Disposable Income Fueled Product Use in Residential Spaces
Based on application, the global market is categorized into commercial and residential. The residential segment held the major market share in 2023 as customers in various countries are witnessing a notable increase in their disposable, incomes, encouraging them to invest in high-end kitchen components.
With respect to region, the market covers North America, Europe, Asia Pacific, South America, and the Middle East & Africa.
Report Coverage:
The report has conducted a detailed study of the market and highlighted several critical areas, such as leading materials, styles, applications, and key market players. It has also focused on the latest market trends and the key industry developments. Apart from the aforementioned factors, the report has given information on many other factors that have helped the market grow.
Drivers and Restraints:
Increasing Need for Advanced Kitchen Appliances to Boost Market Expansion
Customers across the world are witnessing a strong rise in their overall disposable incomes, which has prompted them to purchase luxurious apartments that are equipped with modern appliances. This factor has prompted manufacturers to design cabinets that can be integrated with appliances, such as toasters and mixers. This factor is expected to fuel the kitchen cabinets market growth.
However, governments are imposing anti-dumping tariffs, which can increase the price of these cabinets, thereby restricting their sales.
Regional Insights:
Rising Sales of Commercial and Residential Properties Helped Asia Pacific Dominate Global Market
Asia Pacific dominated the global market in 2023 Japan, India, Australia, and China are witnessing a strong growth in the development and sales of commercial and residential properties to cater to the needs of large-scale urbanization.
North America is also offering lucrative opportunities for this market to grow as the number of home renovation and kitchen remodeling projects are rising across the region.
Competitive Landscape:
Key Market Players to Launch New Products to Expand Their Customer Base
Some of the leading market players are focusing on launching new designs of kitchen wardrobes that are equipped with innovative features. They are also opening new stores in various regions across the world to expand their customer base and increase their global presence.
To know more about this market, please visit: https://www.fortunebusinessinsights.com/kitchen-cabinets-market-109890
Notable Industry Development:
February 2024: Isla Porter, a customized kitchen cupboards brand, announced plans to be officially launched in Spring 2024. The brand will provide advanced features, more than 70 finishes, and 20-door style options.
November 2023: Dura Supreme Cabinetry, a U.S.-based kitchen and bathroom cabinets company, officially commenced manufacturing cabinets at its new production plant in Statesville, North Carolina, U.S.
October 2023: Cabinets to Go, a U.S.-based specialty cabinet’s retailer, introduces its new kitchen closets line, including the Threespine Click Furniture Technology, which delivers long-lasting results, stability, and precise angles.
Comments
0 comment