Abstract
The kitchen is the epicenter of modern American family life and the media' s
makeover darling. In spite of all this attention and excitement, the kitchen
cabinet industry may very well be in for a sustained slowdown according to a
new report by Specialists in Business Information (SBI).
After several years of accelerated growth, apparent consumption of kitchen
cabinetry in the United States eclipsed the $14 billion mark in 2006. However,
homeowners reigned in spending and homebuilders pared back on construction
bringing harder times to kitchen cabinet manufacturers bringing the market
down an estimated 13% in 2007. With economic uncertainty and a housing
depression unfolding into 2008, it' s pretty clear that the immediate outlook
for the kitchen cabinet market looks bleak. But the real questions are when
will there be a bottom and how soon will growth return?
This report 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.
Report data were obtained from government sources, trade associations and
publications, business journals, company literature, and investment reports.
Statistics describing the value of shipments for kitchen cabinets are derived
from the U.S. Census Bureau' s Census of Manufacturers and Annual Survey of
Manufacturers, and are augmented by estimates and forecasts by SBI. In most
cases, historical data are provided for 1998 through 2007, with forecast data
from 2008 to 2012. Because some data are taken from the Census of
Manufacturers, which is generated every five years for years ending in 2 or 7
(the last census being 2002), SBI occasionally includes 1997 to show an actual
base. At other times, estimates for years falling between 1997 and 2002 were
used.
Statistics describing the value of imports and exports for kitchen cabinets
were derived from the U.S. International Trade Commission database. SBI
defines the market for kitchen cabinets as apparent consumption, which is
calculated as the value shipments, plus the value imports, less the value
exports.
Other data analyzed in this report include several metrics describing
residential construction and housing such as home improvement spending and new
home sales.
Simmons Market Research Bureau' s winter 2008 survey, based on a sample of over
20,000 respondents, provides the primary research data on consumer remodeling
habits and kitchen cabinet expenditures.
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