Growth trends and industry forecasts are often discussed in large-scale terms that deal with large industries: construction, agriculture, technology. But within each industry, it’s equally important to consider growth stratagems in more niche areas. And when it comes to construction, the latest area of growth may surprise you: kitchen cabinetry.
Reading about construction and real estate can lead to all sorts of wild, speculative thinking- including what it might be like to sell a house in outer space. But big changes happen closer to home (literally), as well. Specifically, there’s been a small but significant rise- 4.82%- in the sale of kitchen cabinets, compared to this time last year.
There could be several reasons for this. The median age is 26, which this infographic notes is ‘prime home-buying age’- although given the modern housing market, many millennials would dispute that statistic. More likely, a boom in new home building has driven the increase in cabinet-building, as each new home requires kitchen cabinets.
Kitchen cabinets, as any other sort of fittings or furniture, will change with the times: builders and designers are predicting that metal cabinets may become more standard in the future. Whatever they’re made of, it’s clear that the demand for kitchen cabinets is not slowing anytime soon.1.9k