Kitchen Cabinets & Cupboards Market Size, Share, Growth, And Industry Analysis by Type (Tall Cabinets, Sink Cabinets, Shelving Cabinets, and Others) By Application (Household and Commercial) Regional Forecast By 2031

Updated On: 01 April 2024

Kitchen Cabinets & Cupboards Market Report Overview

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The global kitchen cabinets & cupboards market size was USD 17420 million in 2022, as per our research, the market is expected to reach USD 29,807.19 million in 2031, exhibiting a CAGR of 4.7% during the forecast period.

The global COVID-19 pandemic has been unprecedented and staggering, with kitchen cabinets & cupboards experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over. 

During the forecast period, the kitchen cabinets & cupboards market is anticipated to expand quickly due to a number of factors. Kitchen cabinets play a crucial role in the creation of high-quality homes and renovations. They also simplify life in the kitchen. The global boom in residential building construction is the main factor driving the demand for kitchen cabinets & Cupboards. The market for the product is anticipated to be driven by consumers' rising demand for efficient storage that makes the best use of tiny spaces. According to predictions, in the near future, the industry will be driven by customization to meet the specific wants of contemporary consumers.

COVID-19 Impact: Halt in Production During Pandemic Hindered Demand

The global lockdowns implemented by governments in response to the COVID-19 outbreak have severely restricted the market for producing kitchen cabinets and domestic furniture in 2021. This has disrupted supply chains and reduced consumer spending. A viral illness called COVID-19 causes flu-like symptoms like fever, coughing, and breathing difficulties. The virus was initially discovered in Wuhan, in the People's Republic of China's Hubei region, in 2019. Since then, it has spread throughout the world, affecting Western Europe, North America, and Asia. The outbreak had a detrimental impact on enterprises during 2021 and 2022 as a result of national governments' efforts to stop the transmission, which led to the suspension of manufacturing activities and a drop-in economic activity as countries went into a condition of "lock down."

LATEST TRENDS

"Benefits Associated with Product to Sponsor Market Growth"

The kitchen cabinets & cupboards market growth is anticipated to expand as a result of rising demand for online shopping. The ability of manufacturers to offer their goods on a bigger platform than before will expand their geographic consumer base and fuel the expansion of the furniture manufacturing sector. E-commerce portals, for instance, have increased the sales of kitchen cabinet and household furniture manufacturers in nations like India by increasing the exposure of producers who were previously geographically restricted.

Kitchen Cabinets & Cupboards Market SEGMENTATION

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• By Type Analysis 

Based on the type, the kitchen cabinets & cupboards market is segmented into Tall Cabinets, Sink Cabinets, Shelving Cabinets, and Others.

• By Application Analysis

Based on the application analysis, the kitchen cabinets & cupboards market is segmented into Household and Commercial.

DRIVING FACTORS

"Technological Advancements to Augment Market Expansion"

The kitchen cabinet sector is becoming more appealing to clients and more accessible due to numerous technological advancements. Larger shelves with the ability to hold heavier things are the product of the slide-glide technology. Drawers may now be used to store everything from larger things like pots, pans, dishware, and chopping blocks to utensils, cutlery, and spices. More base cabinets with just drawers are one of the latest trends in cabinets in industrialized nations.

"Increasing Demand for Modular Kitchen to Facilitate Growth"

The demand for kitchen cabinets that are ready to install is anticipated to be boosted by the growth of contemporary infrastructure facilities around the world. The global market for ready-to-install kitchen cabinets, however, may be constrained by the low demand in emerging and developing nations, which is mostly caused by low disposable income and slow development.

RESTRAINING FACTORS

"Disadvantages to Disrupt Market Growth"

As they alleviate the user of the space pressure of urban dwellings, space-saving furniture is growing popular in the market. In recent years, this has had an impact on the demand for kitchen cabinets.

Kitchen Cabinets & Cupboards Market REGIONAL INSIGHTS

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"Major Producer of Product to Foster Growth in North America"

Europe dominated the kitchen cabinets & cupboards market share. It is projected that the presence of top manufacturers offering a variety of products will fuel the expansion. In terms of both production and consumption, the leading regional markets are Germany, the U.K., Italy, Poland, and France. On the other hand, significant growth is anticipated in the near future for the Eastern countries.

Asia Pacific is anticipated to see the quickest CAGR of due to the building industry, which is expanding quickly in nations like India, China, Japan, Malaysia, and Indonesia. Another important driver of growth is rapid urbanization. The international companies are growing their operations in this area to meet the needs of product demand.

KEY INDUSTRY PLAYERS

"Key Players Focus on Partnerships to Gain a Competitive Advantage "

Prominent market players are making collaborative efforts by partnering with other companies to stay ahead of the competition. Many companies also invest in new product launches to expand their product portfolio. Mergers and acquisitions are also among the key strategies used by players to expand their product portfolio.

List of Market Players Profiled

• MasterBrand Cabinet (U.S.)
• IKEA (Netherlands)
• American Woodmark Corp (U.S.)
• Cabinetworks Group (U.S.)
• Hanssem (South Korea)
• LIXIL Sunwave (Tokyo)
• Takara Standard (Japan)
• Cleanup Corporation (Japan)
• Forevermark Cabinetry (U.S.)
• Nobia (Sweden)
• Sauder Woodworking (U.S.)
• Bertch (U.S.)
• Canyon Creek Cabinet Company (U.S.)

REPORT COVERAGE

This research profiles a report with extensive studies that take into description the firms that exist in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors such as segmentation, opportunities, industrial developments, trends, growth, size, share, and restraints. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.