Demand for cabinets in the US is forecast to rise 6.6 percent annually to $16.0 billion in 2018, driven by a rebound in residential building construction expenditures. Rapid advances in new housing completions will fuel demand for cabinetry. Not only will more houses be constructed, but many of these houses will feature larger kitchens and multiple bathrooms, the two rooms where cabinets are most often installed. Further gains will be spurred by the residential improvement and repair market. Increasing home values and a more favorable lending environment will encourage consumers to engage in home improvement projects, such as cabinet-intensive kitchen and bathroom renovations.
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