Opening doors: Rising construction activity and higher consumer confidence will stimulate demand

The Cabinet and Vanity Manufacturing industry has grown over the past five years alongside improvements in residential construction spending. Cabinets and vanities are typically installed during new home construction and residential renovations, so demand for industry products is correlated with the housing market. Amid relatively low interest rates and declining unemployment over the past five years, housing starts and home improvement spending have both increased strongly. Over the five years to 2022, conditions within the industry are expected to improve as the housing market continues its strong growth. Housing starts in particular are expected to continue to grow over the next five years...purchase to read more.

Industry Statistics & Market Size
Revenue
$16bn
Annual Growth 12-17
5.2%
Forecast Growth 17-22
Profit
Employment
103,178
Businesses
14,967

Industry Threats & Opportunities

  • Strong new construction demand has led the industry to focus more heavily on customization
  • International competition rapidly increased as foreign manufacturers sought to cater to rising US demand
  • New housing construction is anticipated to continue fueling growth in industry demand
  • Industry Report - Industry SWOT Analysis Chapter

    The Cabinet and Vanity Manufacturing industry is in the mature stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the overall economy, is expected to rise at an annualized rate of 3.6% over the 10 years to 2022, while US GDP is expected to grow at an annualized rate of 2.1% during the same period. Growth in IVA that exceeds that of the overall economy typically indicates an industry in the growth phase of its life cycle. However, in this case rapid IVA growth is the result of very low profit margins and strong revenue growth early in the period. Cabinet and vanity manufacturing growth typically follows cyclical fluctuations in the residential construction market and broader economy, which is characteristic of a mature industry. As ...purchase to read more.

    Additional Insights for the Cabinet & Vanity Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cabinet & Vanity Manufacturing Industry are

  • Ability to alter goods and services produced in favor of market conditions
  • Production of goods currently favored by the market
  • Guaranteed supply of key inputs
  • IBISWorld analysts also discuss how external factors such as Private spending on home improvements and Value of residential construction in the Cabinet & Vanity Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cabinet & Vanity Manufacturing Industry?

    Operators in this industry manufacture kitchen cabinets, bathroom vanities and countertops, primarily made of wood or wood coverings. Manufacturers then distribute these products to wholesalers, contract outfitters and home improvement stores throughout the United States.

    Industry Products
  • Kitchen cabinets
  • Bathroom vanities
  • Countertops
  • Other cabinetwork and accessories
  • Custom cabinets
  • Industry Activities
  • Bathroom vanity
  • Kitchen cabinet
  • Countertop
  • Drainboard
  • Medicine cabinet
  • Vanity
  • Wood tabletop
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Private spending on home improvements
  • Value of residential construction
  • Consumer Confidence Index
  • Per capita disposable income
  • Import penetration into the manufacturing sector

  • Current Performance
  • Rising demand
  • Rising foreign competition
  • Operating conditions improve
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand improves
  • Foreign competition increases
  • Operating conditions remain steady
  • New technology
  • Table: Cabinet & Vanity Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cabinet & Vanity Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Construction
  • Carpenters
  • Furniture Wholesaling
  • Furniture Stores
  • Home Improvement Stores
  • Architects
  • Interior Designers

  • Key Selling Industries
  • Logging
  • Wood Paneling Manufacturing
  • Woodworking Machinery Manufacturing

  • Products & Services
  • Kitchen cabinets
  • Custom cabinets
  • Other cabinetwork and accessories
  • Countertops
  • Bathroom vanities
  • Chart: Cabinet & Vanity Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Retailers
  • Other businesses
  • Independent wholesalers
  • Construction contractors
  • Other
  • Chart: Major Market Segmentation for the Cabinet & Vanity Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilitiesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Cabinet & Vanity Manufacturing

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cabinet & Vanity Manufacturing Industry

  • Industry Globalization
    Fortune Brands Home & Security Inc., American Woodmark Corp., Masco Corporation,
  • Table: Fortune Brands Home & Security Inc. - financial performance
  • Table: American Woodmark Corp. - financial performance
  • Table: Masco Corporation - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cabinet & Vanity Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cabinet & Vanity Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Edgebanding
  • Veneer or laminate of the same type of material used to conceal the exposed edges of furniture or cabinets.
  • Housing Starts
  • The number of new homes under construction.
  • Plywood
  • A structural material made of layers of wood glued together.
  • Underwater Mortgage
  • A home mortgage loan with a higher balance than the free-market value of the home.
  • What Our Customers Say

    Why buy this report?

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    This report on Cabinet & Vanity Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cabinet & Vanity Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cabinet & Vanity Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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