$16.5bn
$XXX.Xm
98,979
15,467
$X.Xbn
Cabinet and vanity manufacturers are highly susceptible to changes in residential construction and private spending on home improvements. Volatility in the housing market induced a turbulent five-year period for cabinet and vanity manufacturers. The outbreak of COVID-19 initially negatively impacted cabinet and vanity manufacturers, but low interest rates and substantial fiscal stimulus bolstered demand for them as the housing market boomed in 2020 and 2021. Climbing import penetration amid the housing market boom subdued some growth for domestic manufacturers amid the housing market boom. As these interest rates rose and disposable income growth fell amid heightened inflation, cabinet and vanity manufacturers suffered through the end of 2023. Industry-wide revenue has been falling at a CAGR of 2.4% over the past five years and is expected to total $16.5 billion in 2023, when revenue will drop by an estimated 5.6%.<em> </em>
Industry revenue has declined at a CAGR of 2.4 % over the past five years, to reach an estimated $16.5bn in 2023.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2023 | Revenue ($m)
2023 | Profit ($m)
2023 | Profit Margin (%)
2023 |
---|---|---|---|---|
American Woodmark Corp | 2,061.0 | 173.0 | 8.4 | |
Fortune Brands Home & Security, Inc. | 1,443.7 | 239.6 | 16.6 | |
Masco Corporation | 815.2 | 122.8 | 15.1 |
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Cabinet & Vanity Manufacturing in the US
Industry revenue is measured across several distinct product and services lines, including Kitchen cabinets, Bathroom vanities and Countertops . Kitchen cabinets is the largest segment of the Cabinet & Vanity Manufacturing in the US.
Kitchen cabinet sales have dipped
Operators in this industry manufacture kitchen cabinets, bathroom vanities and countertops, primarily made of wood or wood coverings. Manufacturers then distribute these products to wholesalers, contract outfitters and home improvement stores throughout the United States.
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NAICS 33711 - Cabinet & Vanity Manufacturing in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
The volatile housing market led to a turbulent period. Cabinet and vanity manufacturers enjoyed heightened demand in 2020 and 2021 as the housing market boomed, but suffered ...
Learn about an industry's products and services, markets and trends in international trade.
Sales to retailers climbed, decreasing demand from wholesalers. Large retailers are increasingly bypassing wholesalers and purchasing directly from cabinet and vanity manufac...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Proximity to downstream markets and suppliers is crucial. Companies locate near large populations to reduce their distribution costs. Cabinet and vanity manufacturers locate ...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Competition is stiff among cabinet and vanity manufacturers. Companies compete based on price, product quality, customer service, design and product selection.
Learn about the performance of the top companies in the industry.
Only three companies have amassed more than 5.0% of the market. Fortune Brands, Masco and American Woodmark accumulated their market shares by establishing contracts with lar...
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Several associations support cabinet and vanity manufacturers. The National Association of Manufacturers, the Cabinet Makers Association and the National Kitchen and Bath Ass...
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Profit takes a dive as competition and costs climb. Competition from substitute materials and foreign manufacturers, compounded by surging wage costs, has hindered profit.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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The market size of the Cabinet & Vanity Manufacturing in the US industry in United States is $16.5bn in 2024.
There are 15,467 businesses in the Cabinet & Vanity Manufacturing in the US industry in United States, which has grown at a CAGR of 1.4 % between 2018 and 2023.
The market size of the Cabinet & Vanity Manufacturing in the US industry in United States has been declining at a CAGR of 2.4 % between 2018 and 2023.
Over the next five years, the Cabinet & Vanity Manufacturing in the US industry in United States is expected to grow.
The biggest companies operating in the Cabinet & Vanity Manufacturing market in United States are American Woodmark Corp, Fortune Brands Home & Security, Inc. and Masco Corporation
Bathroom vanity manufacturing and Kitchen cabinet manufacturing are part of the Cabinet & Vanity Manufacturing in the US industry.
The company holding the most market share in United States is American Woodmark Corp.
The level of competition is high and steady in the Cabinet & Vanity Manufacturing in the US industry in United States.