Cabinet & Vanity Manufacturing in the US - Market Research Report (2013-2028)
New York, United States
Last Updated: October 2023
NAICS 33711Revenue
$16.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
98,979
Businesses
15,467
Wages
$X.Xbn
Cabinet & Vanity Manufacturing in the US industry analysis
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%.
Trends and Insights
- 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 through the end of 2023 as rising interest rates cooled off the housing market.
- Sales to retailers climbed, decreasing demand from wholesalers. Large retailers are increasingly bypassing wholesalers and purchasing directly from cabinet and vanity manufacturers.
- Proximity to downstream markets and suppliers is crucial. Companies locate near large populations to reduce their distribution costs. Cabinet and vanity manufacturers locate near lumber producers to establish supply contracts and reduce shipping costs.
- Competition is stiff among cabinet and vanity manufacturers. Companies compete based on price, product quality, customer service, design and product selection.
Industry Overview
Market size and recent performance (2013-2028)
Industry revenue has declined at a CAGR of 2.4 % over the past five years, to reach an estimated $16.5bn in 2023.
Trends and Insights
A turbulent housing market induced volatility for cabinet and vanity manufacturers
- Demand for cabinet and vanity manufacturers grew in 2020 and 2021 as the US housing market, cabinet and vanity manufacturers’ primary final market, expanded steadily.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Import penetration slowing will provide domestic manufacturers with breathing room
- Cabinet and vanity manufacturers will benefit from imports as a share of domestic demand falling over the next few years as the trade-weighted index falls.
Biggest companies in the Cabinet & Vanity Manufacturing in the US
| Company | Market Share (%)
2023 | Revenue ($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 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
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.
Trends and Insights
Kitchen cabinet sales have dipped
- Kitchen cabinets are built-in furniture items installed in kitchens to store food, cooking equipment, silverware and dishes.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Plastic Products Miscellaneous Manufacturing in the US
- Mineral Product Manufacturing in the US
Complementors
- Household Furniture Manufacturing in the US
- Office Furniture Manufacturing in the US
International industries
- Cabinet & Vanity Manufacturing in Canada
- Wooden Structural Component Manufacturing in Australia
- Wooden Structural Fitting and Component Manufacturing in New Zealand
- Wood Furniture Manufacturing in China
Table of Contents
About this industry
Industry definition
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.
What's included in this industry?
Bathroom vanity manufacturing Kitchen cabinet manufacturing Countertop manufacturing Drainboard manufacturing Medicine cabinet manufacturing Vanity manufacturing Wood tabletop manufacturingCompanies
American Woodmark CorpFortune Brands Home & Security, Inc.Masco CorporationPurchase this report to view all 6 major companies in this industry.
Related Terms
PLYWOODEDGEBANDINGHOUSING STARTSUNDERWATER MORTGAGEIndustry Code
NAICS 33711 - Cabinet & Vanity Manufacturing in the US
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
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 ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2013-2022) and forecast (2023-2028)
- Employees, including historical (2013-2022) and forecast (2023-2028)
- Businesses, including historical (2013-2022) and forecast (2023-2028)
- Profit, including historical (2013-2023)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Sales to retailers climbed, decreasing demand from wholesalers. Large retailers are increasingly bypassing wholesalers and purchasing directly from cabinet and vanity manufac...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2023
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2023
- Major market segmentation in 2023
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to downstream markets and suppliers is crucial. Companies locate near large populations to reduce their distribution costs. Cabinet and vanity manufacturers locate ...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each state
- Share of population compared to establishments in each region in 2023
Tables
- Number and share of establishments in each state in 2023
- Number and share of revenue each state accounts for in 2023
- Number and share of wages each state accounts for in 2023
- Number and share of employees in each state in 2023
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
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.
Analyst insights
Competition is stiff among cabinet and vanity manufacturers. Companies compete based on price, product quality, customer service, design and product selection.
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2018-2023
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
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...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2019 through 2023
- Major companies in the industry, including market share, revenue, profit and profit margin in 2023
- Overview of American Woodmark Corp's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Fortune Brands Home & Security, Inc.'s performance by revenue, market share and profit margin from 2017 through 2023
- Overview of Masco Corporation's performance by revenue, market share and profit margin from 2017 through 2023
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for American Woodmark Corp, and factors influencing its performance in the industry
- Description and key data for Fortune Brands Home & Security, Inc., and factors influencing its performance in the industry
- Description and key data for Masco Corporation, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Several associations support cabinet and vanity manufacturers. The National Association of Manufacturers, the Cabinet Makers Association and the National Kitchen and Bath Ass...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2013-2028)
- Assistance historical data and forecast (2013-2028)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Profit takes a dive as competition and costs climb. Competition from substitute materials and foreign manufacturers, compounded by surging wage costs, has hindered profit.
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2023
- Investment vs. share of economy
Data tables
- Industry Multiples (2016-2021)
- Industry Tax Structure (2016-2021)
- Income Statement (2016-2021)
- Balance Sheet (2016-2021)
- Liquidity Ratios (2016-2021)
- Coverage Ratios (2016-2021)
- Leverage Ratios (2016-2021)
- Operating Ratios (2016-2021)
- Cash Flow & Debt Service Ratios (2013-2028)
- Revenue per Employee (2013-2028)
- Revenue per Enterprise (2013-2028)
- Employees per Establishment (2013-2028)
- Employees per Enterprise (2013-2028)
- Average Wage (2013-2028)
- Wages/Revenue (2013-2028)
- Establishments per Enterprise (2013-2028)
- IVA/Revenue (2013-2028)
- Imports/Demand (2013-2028)
- Exports/Revenue (2013-2028)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2013-2028)
- IVA (2013-2028)
- Establishments (2013-2028)
- Enterprises (2013-2028)
- Employment (2013-2028)
- Exports (2013-2028)
- Imports (2013-2028)
- Wages (2013-2028)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the US include:
- US Census Bureau
- US Bureau of Labor Statistics
- US International Trade Commission
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:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Cabinet & Vanity Manufacturing in the US industry in United States in 2024?
The market size of the Cabinet & Vanity Manufacturing in the US industry in United States is $16.5bn in 2024.
How many businesses are there in the Cabinet & Vanity Manufacturing in the US industry in 2023?
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.
Has the Cabinet & Vanity Manufacturing in the US industry in United States grown or declined over the past 5 years?
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.
What is the forecast growth of the Cabinet & Vanity Manufacturing in the US industry in United States over the next 5 years?
Over the next five years, the Cabinet & Vanity Manufacturing in the US industry in United States is expected to grow.
What are the biggest companies in the Cabinet & Vanity Manufacturing in the US market in United States?
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
What does the Cabinet & Vanity Manufacturing in the US in United States include?
Bathroom vanity manufacturing and Kitchen cabinet manufacturing are part of the Cabinet & Vanity Manufacturing in the US industry.
Which companies have the highest market share in the Cabinet & Vanity Manufacturing in the US in United States?
The company holding the most market share in United States is American Woodmark Corp.
How competitive is the Cabinet & Vanity Manufacturing in the US industry in United States?
The level of competition is high and steady in the Cabinet & Vanity Manufacturing in the US industry in United States.
