US Kitchen Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 1.00 % |
| Market Concentration | High |
Major Players.webp)
*Disclaimer: Major Players sorted in no particular order |
US Kitchen Furniture Market Analysis
The rising demand for multifunctional kitchen furniture is expected to bolster the growth prospects of the kitchen furniture segment. The real estate prices have plummeted significantly and have led to a considerable increasing the number of studio apartments, basically focusing on the reduced house sizes. As rooms are getting smaller, customers are increasingly looking for furniture that is compact and easily movable to allow for efficient use of the available space. And this is leading to an increasing kitchen furniture market in the United States. The kitchen furniture market is driven by the improving residential construction market and increased online sales. Increased awareness of kitchen organizers and attractive furnishings are prime reasons driving the kitchen furniture market in the United States during the forecast period. The price of softwood veneer and plywood, for instance, grew by over 13% between March 2021 and April 2021. Combined, these two changes led to significant differences in construction costs and kitchen furniture materials in various cities in the United States.
The market was negatively impacted by COVID-19 in 2020. The coronavirus pandemic has shown an impact on the proper functioning of various industries in United States which are performing well trades across the country. This was primarily due to reduced manufacturing because of the lockdown being imposed and thus halt in logistics. Increasing expenditure on furniture goods among millennials, coupled with the growing brand consciousness among them, is supporting the market to record growing revenues during the study period. The significant increase in the number of e-commerce platforms that offer various designs and models of furniture products is accelerating the growth of the market.
US Kitchen Furniture Market Trends
This section covers the major market trends shaping the US Kitchen Furniture Market according to our research experts:
Increase in Residential Construction is Driving the Market
With the rise in residential housing, demand for kitchen furniture has increased in the United States. The performance of the housing market has a direct impact on the manufacturing of kitchen furniture. The residential housing sector in the United States is likely to generate increased demand for kitchen furniture in the country, thus boosting the future growth prospects of the market. Additionally, increasing home renovation activities in the country may drive the demand for kitchen furniture in the short term. The United States home improvement industry is stronger than it has been in over ten years and encompasses the sale of building materials, furniture, appliances, d茅cor, and other home enhancements, and the services offered by contractors, tradespeople, and other workers who help build, install, modify, and upgrade homes.
The business of homeownership represents a significant portion of the US economy. With a nationwide shortage of housing and record-high home prices, more homeowners prefer to stay in their properties versus move or upgrade to new ones in the United States. Moreover, researches indicate that during these renovation activities, consumers are most likely to upgrade their furniture. The new housing construction is one of the primary factors determining the demand for kitchen furninture in the country.
Wood Type Witnessing Strong Growth in Kitchen Furniture
In the residential segment, wooden furniture, such as dining tables, kitchen furniture cabinets, observe considerable demand in the region. The growth is mainly driven by the dynamics in the industrial pallet lumber segment and significant consumer spending on the kitchen furniture industry. There is a positive outlook for wooden components and industrial products throughout the United States. The availability of customized wooden kitchen cabinets at affordable prices, as compared to conventional kitchen cabinets, is increasing their demand in the United States.
US Kitchen Furniture Industry Overview
The report covers major international players operating in the United States Kitchen Furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
US Kitchen Furniture Market Leaders
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America Woodmark
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GoldenHome International Inc.
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Bakes & Kropp Fine Cabinetry
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Cabinetworks
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Master Brand
*Disclaimer: Major Players sorted in no particular order
US Kitchen Furniture Market News
- In May 2021, Ashley HomeStore planning to introduce Modern Refinery, which offers style-hungry consumers on-trend pieces at attainable prices, opening the door to stunning, refined, curated home furnishings that fit their lifestyles perfectly. Through the launch of their new lifestyle, Ashley HomeStore, in partnership with the Bullard Family Foundation has coordinated the donation of the furniture to Metropolitan Ministries of Tampa Bay.
US Kitchen Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Defination
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXCEUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints/ Challenges
4.4 Value Chain/ Supply Chain Analysis
4.5 Porters Five Forces Analysis
4.5.1 Threat of new Entrants
4.5.2 Bargaining Power of Buyers/ Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Consumer Buying Behaviour in United States Kitchen Furniture Market
4.7 Insights on Technological Disruption in United States Kitchen Furniture Market
4.8 Impact of Covid-19 on the Market
5. MARKET SEGMENTATION
5.1 By Furniture Type
5.1.1 Kitchen Cabinets
5.1.2 Kitchen Chairs
5.1.3 Kitchen Tables
5.1.4 Others
5.2 By End User
5.2.1 Household
5.2.2 Commercial
5.3 By Distribution Channel
5.3.1 Supermarkets and Hypermarkets
5.3.2 Specialty Stores
5.3.3 e-Commerce
5.3.4 Other Distribution Channel
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Standard Furniture
6.2.2 MasterBand Cabinet
6.2.3 Maiden home
6.2.4 America woodmark
6.2.5 Symphony Group
6.2.6 Golden Home
6.2.7 Eastvold Furniture
6.2.8 Howdens Joinery
6.2.9 Euro-Rite Cabinet
6.2.10 Vermont Wood Studios*
- *List Not Exhaustive
7. FUTURE OF THE MARKET
8. DISCLAIMER
US Kitchen Furniture Industry Segmentation
A complete background analysis of the market, including the analysis of market size and forecast, market shares, industry trends, growth drivers, and vendors, is provided. Additionally, the report features qualitative and quantitative assessments by analyzing the data gathered from industry analysts and market participants across key points in the industry's value chain. The Market is Segmented by type, distribution channel, and end-user. By Type, the market is segmented into Kitchen Cabinets, Kitchen Chairs, Kitchen Tables, and Others. By Distribution Channel, the market is segmented into Supermarkets and Hypermarkets, Specialty Stores, e-Commerce, and Other Distribution Channels. By End User, the market is segmented into Residential and Commercial.
| By Furniture Type | |
| Kitchen Cabinets | |
| Kitchen Chairs | |
| Kitchen Tables | |
| Others |
| By End User | |
| Household | |
| Commercial |
| By Distribution Channel | |
| Supermarkets and Hypermarkets | |
| Specialty Stores | |
| e-Commerce | |
| Other Distribution Channel |
US Kitchen Furniture Market Research FAQs
What is the current United States Kitchen Furniture Market size?
The United States Kitchen Furniture Market is projected to register a CAGR of greater than 1% during the forecast period (2024-2029)
Who are the key players in United States Kitchen Furniture Market?
America Woodmark, GoldenHome International Inc., Bakes & Kropp Fine Cabinetry, Cabinetworks and Master Brand are the major companies operating in the United States Kitchen Furniture Market.
What years does this United States Kitchen Furniture Market cover?
The report covers the United States Kitchen Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the United States Kitchen Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
US Kitchen Furniture Industry Report
Statistics for the 2024 US Kitchen Furniture market share, size and revenue growth rate, created by 糖心vlog传媒鈩� Industry Reports. US Kitchen Furniture analysis includes a market forecast outlook 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
