Market Size of Cabinet Industry
| Study Period | 2020 - 2029 |
| Market Size (2024) | USD 131.29 Billion |
| Market Size (2029) | USD 165.67 Billion |
| CAGR (2024 - 2029) | 4.76 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Cabinet Market Analysis
The Cabinet Market size is estimated at USD 131.29 billion in 2024, and is expected to reach USD 165.67 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
Demand for cabinets globally will be spurred by a strong rebound in residential building construction and by design trends that promote the use of more cabinets. Driven by a strong rebound in residential building construction. Kitchen cabinets continue to claim a large share of square footage in new housing, boosting demand for cabinets as these rooms are the areas of a home where cabinets are most often installed. In addition to the rebound in residential building construction, advances will drive by design trends that call for homes to have larger kitchens with such features as islands and breakfast bars. Demand gains for bathroom cabinets will drive by design trends that call for multiple bathrooms. While smaller in size than kitchens, bathrooms feature cabinets such as medicine vanities that provide storage space for personal items and cleaning supplies. Demand for cabinets in the nonresidential market will be fueled by solid growth in office, commercial, and institutional construction expenditures.
