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Sustainable Products and Appealing to Personal Design Tastes May Help Revive Slumping Market for Kitchen Cabinets

SOURCE:

Packaged Facts

2008-08-06 15:47:00

Sustainable Products and Appealing to Personal Design Tastes May Help Revive Slumping Market for Kitchen Cabinets

NEW YORK, NY–(EMWNews – August 6, 2008) – The kitchen cabinet industry has the potential

to be on the cutting edge of the green transformation, especially through

the use of wood from sustainably managed forests, reclaimed wood and wood

alternatives such as Microfiber or metal, according to “Kitchen Cabinets in

the U.S.,” a new study from SBI.

Apparent consumption of kitchen cabinetry in the United States stood at

$14.2 billion in 2006. However, SBI estimates the market declined 13% to

$12.4 billion in 2007. SBI expects this decline, which came after several

years of accelerated growth fueled by the housing market bubble, to

continue through the end of the decade. SBI forecasts the market for

kitchen cabinets will reach $12.9 billion in 2012 for a compound annual

growth rate of less than one percent.

As the housing and construction market continued to struggle, green

building has been one of the industry’s few bright spots. SBI has found

that the booming green building market will continue its rapid expansion

through 2011, more than doubling in size to $4.7 billion. The market for

green building materials, which had been growing at a rate of 23% annually

through 2006, will slow slightly to a 17% rate.

“As the green building marketplace becomes more sophisticated, technical

and engineering professionals increasingly view buildings from a holistic

perspective that attempts to account for the full lifecycle of a building

and its various components,” notes Don Montuori, vice president of

publishing for SBI. “Component manufacturers are investing in whole

building modeling tools and they are interacting more closely with

engineers and architects who do more ‘integration’ than mere

‘specifications.'”

SBI’s report, “Kitchen Cabinets in the U.S.,” presents data and analysis on

the U.S. market kitchen cabinet manufacturing and its prospects for growth.

It explores the key economic and housing related indicators, end-user,

product and market trends with expanded coverage of green factors, and

competitive issues affecting the kitchen cabinet manufacturing. For further

information visit: http://www.sbireports.com/Kitchen-cabinets-1812885/.

About SBI

SBI publishes research reports in the industrial, construction, materials

and consumer goods markets. SBI also offers a full range of custom

research services. For more information visit http://www.sbireports.com,

or contact Jenn Tekin at 240-747-3015 or [email protected].

Contact:
Jenn Tekin
240-747-3015
[email protected]

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Blake Masterson

Freelance Writer, Journalist and Father of 5

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