Kitchen Cabinet Market Forecast 2024-2033: Projected CAGR, Key Drivers, And Trends |IKEA AB, Masco Corp, Leggett & Platt Incorporated, Cabot Companies Inc., Oppein Home Products Inc

Overview and Scope
Kitchen cabinet refers to a built-in cupboard in the kitchen or a chest of drawers for the kitchen area to store crockery and cutlery. It is used for storing dishes, silverware, and cooking equipment.

Sizing and Forecast
The kitchen cabinet market size has grown strongly in recent years. It will grow from $144.51 billion in 2023 to $156.35 billion in 2024 at a compound annual growth rate (CAGR) of 8.2%.  The growth in the historic period can be attributed to housing boom, traditional design trends, economic stability, material preferences, limited customization, functional considerations.

The kitchen cabinet market size is expected to see strong growth in the next few years. It will grow to $210.12 billion in 2028 at a compound annual growth rate (CAGR) of 7.7%.  The growth in the forecast period can be attributed to modern design trends, renovation and remodeling trends, customization and personalization, material innovation, smart kitchen integration. Major trends in the forecast period include digitalization and e-commerce, smart and integrated solutions, sustainable materials and eco-friendly designs, customization and modular designs, color and design trends, online purchases and virtual showrooms.

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Segmentation & Regional Insights
The kitchen cabinet market covered in this report is segmented –
1) By Type: Ready To Assemble (RTA), Stock Kitchen Cabinets, Semi Custom Kitchen Cabinets, Custom Kitchen Cabinets
2) By Raw Material: Wood, Metal, Other Raw Materials
3) By Distribution Channel: Retail, Online, Other Distribution Channels
4) By Application: Home, Restaurants, Other Applications

Asia-Pacific was the largest region in the kitchen cabinet market in 2023. Asia-Pacific is expected to be the fastest-growing region in the global kitchen cabinet market report during the forecast period. The regions covered in the kitchen cabinet market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth
Increasing construction of residential buildings is expected to propel the growth of the kitchen cabinet market going forward. Residential buildings comprise all structures designed for private occupancy, whether permanent or temporary, equipped with the amenities and utilities needed to meet the needs of an individual or family. Kitchen cabinets are frequently needed to store a variety of products such as store equipment, cookbooks, and baking and cooking supplies in residential buildings. For instance, in March 2023, according to the U.S. Census Bureau and the U.S. Department of Housing and Urban Development published statistics, privately owned home completions were at a seasonally adjusted annual rate of 1,557,00 in February. This is 12.2% (±15.0%) higher than the revised January estimate of 1,388,000 and 12.8% (±16.2%) higher than the February 2022 rate of 1,380,000. Therefore, the increasing construction of residential buildings is driving the growth of the kitchen cabinet market.

Key Industry Players
Major companies operating in the kitchen cabinet market report are IKEA AB, Masco Corp, Leggett & Platt Incorporated, Cabot Companies Inc., Oppein Home Products Inc., Master Brand Cabinets Inc., Takara Standard Co Ltd., American Woodmark Corporation, Nobilia Küchen GmbH, Hanssem Co Ltd., Cleanup Corporation, ZBOM Holding Group Co Ltd., Cabinetwork Group Inc., GoldenHome Living Co Ltd., Wood-Mode LLC, Wellborn Cabinet Inc., Bulthaup GmbH & Co KG, Leicht Kitchen AG, Fabuwood Cabinetry, Bellmont Cabinet Co, KraftMaid Cabinetry, Master Wood Craft Cabinetry LLC, Canyon Creek Cabinet Company, Kitchen Cabinet Distributors, Poggenpohl Küchen GmbH & Co KG, JPD Kitchen Depod Inc., AC Products Inc., LIXIL Group Corporation, Fine Kitchen Cabinet, SieMatic Möbelwerke GmbH & Co KG

The kitchen cabinet market report table of contents includes:
1. Executive Summary
2. Kitchen Cabinet Market Characteristics
3. Kitchen Cabinet Market Trends And Strategies
4. Kitchen Cabinet Market – Macro Economic Scenario
5. Global Kitchen Cabinet Market Size and Growth
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32. Global Kitchen Cabinet Market Competitive Benchmarking
33. Global Kitchen Cabinet Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Kitchen Cabinet Market
35. Kitchen Cabinet Market Future Outlook and Potential Analysis
36. Appendix