Kitchen cabinet
market comprises firms engaged in producing bathroom vanities, plastics or wood
laminated on wood kitchen cabinets, and countertops (except freestanding).
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The global
kitchen cabinet market was valued at $15 billion in 2017, and is expected to be
driven by the demand of consumers for modular kitchen sets with hi-tech
implementation. Asia Pacific was the
largest region in the kitchen cabinet manufacturing market in 2017, accounting
for about two-fifth of the market share.
The kitchen
cabinet market in The Business Research Company’s report is split into three
segments: tall cabinets, sink cabinets, and shelving cabinets.
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China was the
biggest player in the kitchen cabinet market in 2017, accounting for almost one-fourth of the market share. China was followed
by India and Japan as the next largest countries in the
market.
The top five
competitors in the market are IKEA AB, Masco Corporation, Canyon Creek Cabinet
Company, JPD Kitchen Depot and Shenandoah Cabinetry. IKEA was the largest
player in 2017 with revenues exceeding 35 billion Euros. IKEA is a
Swedish-founded Dutch-based multinational group that designs and sells
ready-to-assemble furniture, kitchen appliances, and home accessories. It has been the world's largest furniture
retailer for the last 10 years.
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