Industry Statistics and Trends
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 1.8 % over the past five years, to reach an estimated $4.9bn in 2024.
Trends and Insights
Volatile housing markets curb demand for cabinets and vanities
- The housing market and interest rates are closely related trends that have significantly impacted the Canadian cabinet and vanity manufacturing industry in recent years. Demand for cabinets and vanities tends to lag housing starts since they are installed late in homebuilding.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Demand for environmentally friendly products is likely to increase
- As consumers become more environmentally conscious, there will be a growing demand for eco-friendly products, including those used in home construction and renovation. Cabinet and vanity manufacturers must adapt by using sustainable materials and adopting environmentally friendly manufacturing processes.
Biggest companies in the Cabinet & Vanity Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Kitchen Craft | 179.7 | 20.5 | 11.4 | |
Decor Cabinets | 79.8 | 3.9 | 4.9 | |
Superior Cabinets | 47.9 | 2.3 | 4.8 |
To view the market share and analysis for all 5 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Kitchen cabinets, Countertops and Bathroom vanities. Kitchen cabinets is the largest segment of the Cabinet & Vanity Manufacturing in Canada.
Trends and Insights
Kitchen cabinets are the largest product segment
- Kitchen cabinets are box-shaped furniture with doors or drawers for storing food and kitchen equipment. This product category only includes permanently installed or built-in cabinets made with various materials, including solid wood, plywood, plastic or wood laminates.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
The Cabinet and Vanity Manufacturing industry in Canada manufactures kitchen cabinets, bathroom vanities and countertops that are primarily made of wood or wood coverings. Manufacturers distribute their products to wholesalers, contract outfitters and home improvement stores.
What's included in this industry?
Manufacturing kitchen cabinetsManufacturing countertopsManufacturing bathroom vanitiesManufacturing custom cabinetryManufacturing other cabinetwork and accessoriesCompanies
Kitchen CraftDecor CabinetsSuperior CabinetsPurchase this report to view all 5 major companies in this industry.
Related Terms
COMPUTER-AIDED DESIGN (CAD) SOFTWARECOMPUTER-AIDED MANUFACTURING (CAM) SOFTWARELASER EDGEBANDINGIndustry Code
NAICS 337110 - Cabinet & Vanity Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Canadian cabinet and vanity manufacturers face stiff competition from imports. Low-cost countries like China have led to pricing pressure and limited profit growth for domest...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Home décor trends are shifting towards customization and personalization. Manufacturers are responding by offering more design options and customization features to meet cons...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Manufacturers often choose locations based on the proximity to raw materials. Being close to resources like wood can lower production costs, making strategic positioning cruc...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Cabinetry manufacturers focus on quality and customization to stand out. Unique designs and high-quality materials attract consumers seeking premium, customized products, mee...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Smaller producers operate on a local level, offering specialized services. Decor Cabinets and Cabinetsmith are two examples of manufacturers that create custom cabinets and v...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Kitchen Craft's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Decor Cabinets's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Superior Cabinets's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 2 additional companies
Detailed analysis
- Description and key data for Kitchen Craft, and factors influencing its performance in the industry
- Description and key data for Decor Cabinets, and factors influencing its performance in the industry
- Description and key data for Superior Cabinets, and factors influencing its performance in the industry
- Description, key data and performance trends for 2 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Several associations support cabinet and vanity producers. These groups offer insights into current trends and push for legislative reform, keeping the industry updated and a...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Manufacturers should focus on efficient production to cut waste and costs. Investing in modern technology can boost both efficiency and profitability.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cabinet & Vanity Manufacturing industry in Canada in 2024?
The market size of the Cabinet & Vanity Manufacturing industry in Canada is $4.9bn in 2024.
How many businesses are there in the Cabinet & Vanity Manufacturing in Canada industry in 2024?
There are 3,398 businesses in the Cabinet & Vanity Manufacturing industry in Canada, which has grown at a CAGR of 1.9 % between 2019 and 2024.
Has the Cabinet & Vanity Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Cabinet & Vanity Manufacturing industry in Canada has been growing at a CAGR of 1.8 % between 2019 and 2024.
What is the forecast growth of the Cabinet & Vanity Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Cabinet & Vanity Manufacturing industry in Canada is expected to grow.
What are the biggest companies in the Cabinet & Vanity Manufacturing market in Canada?
The biggest companies operating in the Cabinet & Vanity Manufacturing market in Canada are Kitchen Craft, Decor Cabinets and Superior Cabinets
What does the Cabinet & Vanity Manufacturing in Canada include?
Manufacturing kitchen cabinets and Manufacturing countertops are part of the Cabinet & Vanity Manufacturing industry.
Which companies have the highest market share in the Cabinet & Vanity Manufacturing in Canada?
The company holding the most market share in Canada is Kitchen Craft.
How competitive is the Cabinet & Vanity Manufacturing industry in Canada?
The level of competition is high and increasing in the Cabinet & Vanity Manufacturing industry in Canada.
Related Industries
Widen your competitive advantage with related industries
Competitors
- Furniture Stores in Canada
Complementors
- Other Plastic Product Manufacturing in Canada
- Household Furniture Manufacturing in Canada
- Office Furniture Manufacturing in Canada
- Mattress Manufacturing in Canada
International industries
- Cabinet & Vanity Manufacturing in the US
- Countertop Manufacturing in the US
- Wooden Structural Component Manufacturing in Australia
- Wooden Structural Fitting and Component Manufacturing in New Zealand
- Wood Furniture Manufacturing in China
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
