SOURCE: Packaged Facts

August 06, 2008 16:47 ET

Sustainable Products and Appealing to Personal Design Tastes May Help Revive Slumping Market for Kitchen Cabinets

NEW YORK, NY--(Marketwire - August 6, 2008) - The kitchen cabinet industry has the potential to be on the cutting edge of the green transformation, especially through the use of wood from sustainably managed forests, reclaimed wood and wood alternatives such as Microfiber or metal, according to "Kitchen Cabinets in the U.S.," a new study from SBI.

Apparent consumption of kitchen cabinetry in the United States stood at $14.2 billion in 2006. However, SBI estimates the market declined 13% to $12.4 billion in 2007. SBI expects this decline, which came after several years of accelerated growth fueled by the housing market bubble, to continue through the end of the decade. SBI forecasts the market for kitchen cabinets will reach $12.9 billion in 2012 for a compound annual growth rate of less than one percent.

As the housing and construction market continued to struggle, green building has been one of the industry's few bright spots. SBI has found that the booming green building market will continue its rapid expansion through 2011, more than doubling in size to $4.7 billion. The market for green building materials, which had been growing at a rate of 23% annually through 2006, will slow slightly to a 17% rate.

"As the green building marketplace becomes more sophisticated, technical and engineering professionals increasingly view buildings from a holistic perspective that attempts to account for the full lifecycle of a building and its various components," notes Don Montuori, vice president of publishing for SBI. "Component manufacturers are investing in whole building modeling tools and they are interacting more closely with engineers and architects who do more 'integration' than mere 'specifications.'"

SBI's report, "Kitchen Cabinets in the U.S.," presents data and analysis on the U.S. market kitchen cabinet manufacturing and its prospects for growth. It explores the key economic and housing related indicators, end-user, product and market trends with expanded coverage of green factors, and competitive issues affecting the kitchen cabinet manufacturing. For further information visit: http://www.sbireports.com/Kitchen-cabinets-1812885/.

About SBI

SBI publishes research reports in the industrial, construction, materials and consumer goods markets. SBI also offers a full range of custom research services. For more information visit http://www.sbireports.com, or contact Jenn Tekin at 240-747-3015 or jtekin@marketresearch.com.

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