Open up: An appreciating Canadian dollar and tempered real estate activity will hinder growth

Over the five years to 2017, the Cabinet and Vanity Manufacturing industry in Canada is expected to grow, due to strengthening economic conditions spurring a recovery in construction sector demand. Over the five years to 2022, revenue is anticipated to fall as the industry is anticipated to face headwinds including a slowdown in real estate activity and an appreciation of the Canadian dollar...read more.

Industry Statistics & Market Size
Revenue
$3bn
Annual Growth 12-17
3.3%
Forecast Growth 17-22
Profit
Employment
22,297
Businesses
2,874
Market Share of Companies

Industry Threats & Opportunities

  • The US dollar is expected to appreciate over the current period, benefiting the industry
  • Domestic manufacturers were forced to lower prices to compete with lower-priced imports
  • Interest rates will continue to rise, making it more difficult for Canadians to finance new homes
  • Industry Report - Industry Analysis Chapter

    The Cabinet and Vanity Manufacturing industry in Canada primarily comprises wood cabinet, vanity and countertop manufacturers. Industry products are primarily installed in kitchens and bathrooms, though products like wood cabinets may be used throughout residential buildings. Since nearly all industry products are installed in residential buildings, demand is heavily reliant on housing market conditions. When the housing market is performing strongly, consumers and real estate developers are more likely to purchase and construct new homes, leading to greater demand for cabinets and vanities. Additionally, existing homeowners often remodel their houses with new cabinets and countertops, which aids demand and revenue. This industry has experienced annualized growth of 3.3% o...purchase to read more.

    Additional Insights for the Cabinet & Vanity Manufacturing Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Cabinet & Vanity Manufacturing Industry are

  • Ability to alter goods and services produced in favour of market conditions
  • Guaranteed supply of key inputs
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Residential renovation expenditure and Canadian-dollar effective exchange rate index in the Cabinet & Vanity Manufacturing industry impact industry performance..

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    What's in this report

    What is the Cabinet & Vanity Manufacturing Industry?

    This industry 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.

    Industry Products
  • Kitchen cabinets
  • Bathroom vanities
  • Countertops and cabinet tops
  • Other cabinetwork and accessories
  • Industry Activities
  • Manufacturing wood bathroom vanities
  • Manufacturing wood countertops
  • Manufacturing wood cabinets
  • Manufacturing other cabinets, vanities and countertops
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Residential renovation expenditure
  • Canadian-dollar effective exchange rate index
  • Consumer Confidence Index
  • Value of residential construction
  • World price of wood pulp

  • Current Performance
  • Unsteady housing markets
  • Exports support growth
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Construction activity
  • Trade growth continues
  • Table: Cabinet & Vanity Manufacturing Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Cabinet & Vanity Manufacturing Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Homebuilders in Canada
  • Wood Panelling Manufacturing in Canada
  • Furniture & Furnishings Wholesaling in Canada
  • Furniture Stores in Canada
  • Home Improvement Stores in Canada
  • Architects in Canada
  • Interior Designers in Canada

  • Key Selling Industries
  • Logging in Canada
  • Wood Panelling Manufacturing in Canada

  • Products & Services
  • Kitchen cabinets
  • Bathroom vanities
  • Other cabinetwork and accessories
  • Countertops and cabinet tops
  • Chart: Cabinet & Vanity Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Residential renovation
  • Exports
  • New residential construction
  • Nonresidential construction
  • Chart: Major Market Segmentation for the Cabinet & Vanity Manufacturing Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Cabinet & Vanity Manufacturing

  • Basis of Competition
    Internal competitionExternal competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Cabinet & Vanity Manufacturing Industry

  • Industry Globalization
    Fortune Brands Home & Security,
  • Table: Fortune Brands Home & Security - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Cabinet & Vanity Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Cabinet & Vanity Manufacturing Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Exports (2008-2022)
  • Imports (2008-2022)
  • Wages (2008-2022)
  • Residential renovation expenditure (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Computer-Aided Design (Cad) Software
  • The use of computer technology to aid the design and drafting of a part or product using software tools that can create two-dimensional drawings or three-dimensional models.
  • Computer-Aided Manufacturing (Cam) Software
  • Computer technology that automates the woodworking process. This software interprets CAD designs and sends codes to machine-ready saws and routers.
  • Laser Edgebanding
  • A glue-less woodworking technique where a targeted laser is used to activate a bond between an edge and panel to conceal the exposed edges of furniture and cabinets.
  • What Our Customers Say

    Why buy this report?

    The Cabinet & Vanity Manufacturing market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Cabinet & Vanity Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Cabinet & Vanity Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Cabinet & Vanity Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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