Here are some initial takeaways we’ve gathered from 2024 trade shows to provide you with insights on where our industry may be heading this year and next. For starters, KBIS, IBS, IRE, AHR Expo, and World of Concrete all saw high attendance and high energy to kickoff 2024, and it only gets better from there.
The cabinetry market has remained strong for the past few years and is expected to grow about 3.7%-5.7% CAGR from 2022 to 2027. Forecasts suggest the global cabinet market may reach $12.1 billion by 2024. Here are the top 5 trends influencing the growth of the cabinet market.
There are primarily three types of segmentation that are used in market research: Attitudinal, Behavioral, and Demographic. Which one you should use should be based on the objectives of your research. Let’s unpack each type of customer segmentation:
The decking, fencing and railing markets are all expected to increase in size in the next 5-10 years. With repair and remodel activity continuing to drive demand, outdoor projects are becoming more frequent. With advances in technology, decking, fencing, and railings are also becoming more affordable. With increasing homeowner interest in these kinds of projects, there is plenty of room to innovate and capture share of wallet in these product categories.
Download informative reports to keep a pulse on how your target DIYer, Contractor, Builder, and Architectural customers' purchase behaviors are changing.Browse RESOURCES