Cabinet & Vanity Manufacturing in Canada - Industry Market Research Report

Cabinet & Vanity Manufacturing in Canada - Industry Market Research Report

Cabinet & Vanity Manufacturing in Canada

Canada's Cabinet and Vanity Manufacturing industry is expected to grow marginally over the five years to 2023. Significant increases in housing starts and residential renovation expenditure in 2021 resulted in revenue rising 15.8% during the year, boosting industry revenue overall. However, the industry has contended with substantial challenges, as falling housing starts throughout most of the period have contributed to revenue declining yearly outside of 2021. Moreover, as rising interest rates and high inflation have cooled the Canadian economy in 2022 and 2023, revenue is estimated to fall in both years. Nonetheless, IBISWorld expects industry revenue to increase an annualized 0.1% to $4.6 billion over the five years to 2023, despite a decrease of 5.6% in 2023 alone.

The Cabinet and Vanity Manufacturing industry in Canada manufactures kitchen cabinets, bathroom vanities and countertops that are primarily made of wood or wood coverings. Manufacturers distribute their products to wholesalers, contract outfitters and home improvement stores.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.