The Kitchen Cabinet Manufacturers Association (KCMA) announced 48 months of consecutive growth for the cabinet industry. Sales for 2015 totaled $6.5 billion, an 8.5 percent increase over 2014 sales, according to KCMA's monthly Trend of Business survey.
Reston, VA. March 14, 2016 -- The Kitchen Cabinet Manufacturers Association (KCMA) announced 48 months of consecutive growth for the cabinet industry. Sales for 2015 totaled $6.5 billion, an 8.5 percent increase over 2014 sales, according to KCMA’s monthly Trend of Business survey. Survey participants include stock, semi-custom and custom companies whose combined sales represent approximately 70 percent of the fragmented U.S. kitchen cabinet and bath vanity market.
“With 48 months of straight growth, cabinetry is at the forefront of US manufacturing,” says KCMA President Mark A. Trexler, and CEO of Master WoodCraft Cabinetry.
Strong growth within the kitchen cabinet manufacturing industry has contributed to the upward tick experienced in the manufacturing sector overall. As noted by the National Association of Manufacturers (NAM), the United States' economy benefits significantly from contributions totaling $2.17 trillion from the manufacturing sector. This amount is a sharp increase from the $1.70 trillion that manufacturing contributed to the economy in the second quarter of 2009.
Steady cabinet manufacturing growth is also an indicator of a strong housing market. 5.4 million existing homes sold in December 2015; 544,000 new homes sold that same month, reports the National Association of Home Builders. “Americans are willing to invest in new homes and home remodels, and this is reflected in the steady growth of cabinet manufacturing over the last two years,” says Trexler.
Trexler also states that based on current market reports, KCMA predicts continued steady growth for cabinet manufacturing in 2016. KCMA will continue to closely monitor market trends throughout the coming year.
Graph caption: Data evidenced by year-on-year monthly growth from 2013-2015. Third party data provided via InteliFX Survey 2016. InteliFX serves as an independent third-party in the collection of data from individual KCMA members. Data are aggregated and published in accordance with reporting definitions provided by KCMA.
The Kitchen Cabinet Manufacturers Association (KCMA) is a voluntary, non-profit trade association founded in 1955 that represents North American cabinet manufacturers and suppliers to the industry, including kitchen, bath, and other residential cabinets. With a membership now over 300 strong throughout the United States, KCMA works to advance the industry through advocacy, setting standards, sponsoring research, and providing management tools and educational programs. KCMA sets nationally recognized performance standards for cabinets with the KCMA Certification.