Catalina Research's Kitchen Cabinet and Countertop Company Document
Catalina Research's Kitchen Cabinet and Countertop Industry Report is a valuable industry data source. This report provides current data on the industry, including its size, growth potential, and regional retail sales. In addition, it describes pertinent trends within the industry. Its analysis enables you to identify potential opportunities and threats to your business.
The report covers vital Kitchen cabinets and Countertop players in the United States and Canada. It also contains a comprehensive analysis of their strategies. The report also details market dynamics, such as market drivers, restraints, opportunities, and challenges. The report also contains a comprehensive regional analysis of the Kitchen Cabinet and Countertop market in the United States and Canada.
According to the report, Asia-Pacific will have the highest growth rate over the forecast period. Emerging economies such as India and China will propel the region's growth. The Chinese market is anticipated to grow fastest, fueled by their increasing demand for quartz countertops. In addition, India ranks fourth in the natural stone trade, with a reserve of 46 billion cubic meters, or 15 percent of the world's natural stone reserve.
The report covers a variety of companies and industries in the United States, including the manufacturing of wood kitchen cabinets and countertops. It contains over one hundred data sets, including historical industry data from 2011 to 2024 and projections through 2024. In addition, it contains detailed information regarding product lines and plant utilization, as well as an analysis of trends. In addition, market size and trends by the state are covered.
Catalina Research's Kitchen Cabinet and Countertop Industry Report also include a country-by-country analysis of the kitchen and bathroom cabinets, countertops, and accessories market. Detailed market segmentation for kitchen and bathroom cabinet shipments by style, type, and the manufacturer is provided. It also provides price comparisons by country.
New home sales and home renovations will drive the expansion of the industry. The National Kitchen and Bath Association forecasts that the residential kitchen and bathroom market will increase by 4.1% this year. In addition, Canadian consumers are increasingly interested in updating the appearance of their kitchens. Additionally, the Internet of Things is transforming the kitchen. As consumers become wealthier, they are more likely to spend more on kitchen accessories like cabinets and countertops.
The global demand for kitchen cabinets is growing, and this trend is anticipated to continue over the next three years. The global market will surpass $17.1 billion and 101.8 million units by 2023. Tall kitchen cabinets will experience the most significant growth, while base cabinets will increase by 5.2% annually. However, the market will be competitive soon, especially for high-end models.
In the coming years, the countertops market is expected to expand, with annual demand growth of 2.3%. The market is anticipated to reach 500 million square meters by 2021. This expansion is driven primarily by residential renovations, as more people opt for larger kitchens and multiple bathrooms. Commercial and retail markets will also increase demand for countertops.
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