Kitchen Cabinets Market Size, Share & Industry Analysis, By Material (Wood, Plastic, Metal, Glass, and Others), By Category (Stock Kitchen Cabinets, Semi-custom Kitchen Cabinets, and Custom Kitchen Cabinets), By Style (Beaded Kitchen Cabinets, Shaker Kitchen Cabinets, Flat Panel Kitchen Cabinets, Wall Kitchen Cabinets, Base Kitchen Cabinets, Tall-Standing Kitchen Cabinets, and Others), By Application (Commercial and Residential) and Regional Forecast, 2024-2032

The global kitchen cabinets market size was valued at USD 94.32 billion in 2023 and is projected to grow from USD 100.79 billion in 2024 to USD 183.53 billion by 2032, exhibiting a CAGR of 7.78% during the forecast period. Asia Pacific dominated the kitchen cabinets market with a market share of 35.25% in 2023.

Kitchen cabinets are boxes or cupboards used for holding items, including cooking utensils, glasses, and dishes in the kitchen. They are an essential component of the kitchen as they optimize space and increase home value. The rapidly growing demand for kitchen cabinets across countries due to their aesthetic appeal, durability, and multi-functionalism will trigger the global market growth. Moreover, the rising trend of incorporating more colors, custom features, and organic textures is expected to increase the market’s growth in the forthcoming years. In addition, the market has witnessed substantial growth over the years, driven by increasing urbanization, consumer disposable incomes, and home renovation projects.

The COVID-19 pandemic considerably affected market growth in 2020 due to temporary production shutdowns and supply chain interruptions across countries. It also resulted in the halt of renovation and construction projects, which further declined product demand. While the COVID-19 pandemic negatively influenced the historical market revenues, the global market made a rapid recovery in 2022 and 2023, given the reopening of physical distribution channels.

Kitchen Cabinets Market Trends

Rising Interior Design Trends and Demand for Personalized Closets to Fuel Market Growth

Consumers worldwide are increasingly seeking personalized solutions that cater to their unique tastes, preferences, and lifestyle requirements. Personalized kitchen closets offering a wide range of customization options, including materials, finishes, styles, sizes, and storage configurations, assist homeowners in developing a kitchen space that meets their specific needs. Furthermore, they provide design flexibility to include diverse kitchen layouts, architectural styles, and functional attributes, such as built-in organizers and specialty storage solutions. In addition, the growing home decoration and interior designing trend has fueled demand for well-designed closets that match the overall design theme of the kitchen and enhance its aesthetic appeal.

Kitchen Cabinets Market Growth Factors

Rapid Growth in Residential Construction to Fuel Product Demand

Kitchen cupboards are one of the essential parts of residential kitchens as they fulfill storage needs and enhance their appearance. In this regard, the growing residential construction worldwide will increase the kitchen cabinets market share. Prominent manufacturers are also investing in research and development to develop new cabinet designs, features, and materials, catering to the needs of homeowners in growing residential markets. Rapid urbanization and a growing population are further expected to fuel residential construction and drive market expansion. For instance, according to Invest India, an India-based investment promotion and facilitation agency, by 2030, approximately 600 million individuals are projected to reside in urban areas, generating the need for an additional 25 million mid-range and affordable housing units.

Growing Demand for Innovative and Advanced Kitchen Appliances to Drive Market Growth

The rising consumer investment in modern kitchen appliances with advanced features and technologies has increased the need for cupboards that can accommodate these appliances seamlessly. As a result, manufacturers emphasize designing cabinets with specific dimensions, layouts, and features to integrate with popular appliances, such as mixers, toasters, and blenders. In this regard, increasing consumer preference toward smart and intelligent kitchen appliances is projected to drive the global kitchen cabinet industry. For instance, according to a report published on the home appliance industry by APPLiA, a Brussels, Belgium-based trade association, the global installation of connected home appliances is expected to reach 75 billion in 2025 from 23 billion in 2018.

RESTRAINING FACTORS

Rising Issues Related to Anti-Dumping and Countervailing Duty Orders on Kitchen Closets to Hinder Market Growth

Anti-dumping measures result in tariffs being imposed on kitchen wardrobes, which increases their prices, thereby reducing their demand and hindering the overall kitchen cabinets market growth. Moreover, kitchen closet manufacturers have to incur additional compliance costs to ensure that their products comply with anti-dumping regulations. These include conducting price investigations and providing documentation to demonstrate fair pricing practices. Furthermore, countervailing duties imposed on the market players can restrict market growth by increasing production costs for the manufacturers. These duties are imposed on imported wooden materials used in cabinet manufacturing, which, in turn, raises the production costs of the companies. The manufacturers pass on their increased production costs to consumers in the form of higher prices for kitchen cupboards, reducing product demand.

Kitchen Cabinets Market Segmentation Analysis

By Material Analysis

Sustainability & Strength to Boost Wood Segment Expansion

Based on material, the market is segmented into wood, plastic, metal, glass, and others. The wood segment is expected to hold the major market share during the forecast timeframe, supported by the sustainability and strength of wooden cupboards. Sustainable and solid wood cabinetry, including Lyptus and reclaimed wood cabinets, have a significant resale value, which further makes them an attractive option for consumers.

The metal segment will witness considerable growth in the future, backed by the advantages of metal cabinets, such as resistance to corrosion, easy-to-clean surface, and durability.

By Category Analysis

Increasing Product Availability through Prominent Market Players to Accelerate Stock Kitchen Cabinet Sales

Based on category, the market is divided into stock kitchen cabinets, semi-custom kitchen cabinets, and custom kitchen cabinets. The stock kitchen cabinets segment led the global market in 2023. These products are made readily available by key players, such as IKEA, Home Depot, and Lowe’s at reasonable prices.

The demand for custom kitchen cabinets will grow at a considerable rate in the coming years due to their benefits, such as exclusive design and enhanced storage spaces according to the user’s requirements. Moreover, a sizable number of individuals prefer custom kitchen cabinets as they can be strategically designed to match their lifestyle.

By Style Analysis

Affordability & Easy Maintenance to Drive Shaker Kitchen Cabinet 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 will dominate the global market throughout the forecast period, favored by the product’s affordability and design aesthetics. These cabinets are also easy to clean and maintain, which further increases their adoption.

The wall kitchen cabinets segment will witness significant growth in the near term as they increase the storage space and assist in decorating the kitchen walls with cabinets in various designs, colors, and finishes.

By Application Analysis

Increasing Housing Facilities across Countries to Trigger Residential Segment Growth

Based on application, the market is categorized into commercial and residential. The residential segment held the major market share in 2023 owing to the rapidly growing population and urbanization, leading to the rising number of housing facilities with kitchens globally. Moreover, the rising consumer disposable income and standard of living have increased consumer inclination toward well-designed kitchens with cabinets, further accelerating the segment’s growth.

In addition, the commercial segment’s expansion is supported by the rapidly evolving hospitality sector, including luxury hotels, resorts, and motels with large kitchens including various types of cabinets to serve numerous customers.

Regional Insights

The market is studied across North America, Asia Pacific, Europe, South America, and the Middle East & Africa.

Asia Pacific led the global market in 2023 benefitted by the increasing development and sales of residential and commercial facilities, including modern kitchens across China, India, Japan, and Australia. For instance, according to the National Bureau of Statistics of China, a Beijing-based government agency collecting and publishing statistics regarding the country’s economy, the commercial housing sales area in 2021 was nearly 1,794.33 million square meters, a 1.9% increase from 2020.

Europe’s market growth is attributed to the rising sustainability and environmentally friendly product trends across the region, which will trigger demand for kitchen cupboards developed from materials, such as bamboo and plywood. Furthermore, rising urbanization in the U.K, France, and Italy, resulting in smaller living spaces, will fuel the adoption of kitchen wardrobes to optimize storage space in kitchens.

North America also provides lucrative business opportunities for manufacturers and is one of the fastest growing markets due to the increasing home & kitchen remodeling trend and consumer inclination toward modern design kitchens. For instance, according to the National Association of Realtors, an U.S.-based trade association, in 2020, Americans spent around USD 420 billion on remodeling their homes. Moreover, face frame kitchen cabinets have emerged as popular options across countries, notably in the U.S. These cabinets feature a combination of conventional and classic designs.

In addition, the increasing number of housing units and homeowners’ spending on luxury home décor will boost the sales of kitchen closets in various materials and exclusive designs, thereby supporting South America’s market expansion. Moreover, growing hospitality infrastructure due to rising tourism in the UAE, Saudi Arabia, Egypt, and Qatar will accelerate product sales in the Middle East & Africa.

KEY INDUSTRY PLAYERS

Expanding into Key Markets and Providing Products in Various Designs to Help Players Attract Customers

Prominent participants in the kitchen cabinets markets have been employing various strategies to overcome the intensifying competition due to the presence of numerous organized and unorganized players. These competitive strategies include product portfolio expansion, marketing & promotion, and new store launches. Furthermore, key players are emphasizing on expanding into key markets, such as China, the U.K, and the U.S. by offering cupboards in various designs and with innovative features. This will boost product sales and enhance key players’ market share.

List of Key Companies Profiled:

• 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)

KEY INDUSTRY DEVELOPMENTS:

• 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.


• May 2022: SieMatic, a Germany-based kitchen manufacturer, launched its new luxury kitchen furniture collection, including cabinets with metallic finish.


• February 2021: Snaidero USA, a U.S.-based luxury kitchen closets company, unveiled a new collection of metal-framed glass cabinets developed in Italy for the American market.

REPORT COVERAGE

The market research report provides a detailed market analysis and focuses on key aspects, such as leading companies, materials, categories, styles, and applications. Besides, it offers insights into the latest market trends and highlights key industry developments. In addition to the factors mentioned above, the report encompasses several factors that have contributed to the growth of the market in recent years.

Report Scope & Segmentation