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Kitchen & Bath Market: KITCHENS

Size of the Kitchen Market

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Page 1: Size of the Kitchen Market

Kitchen & Bath Market:KITCHENS

Page 2: Size of the Kitchen Market

Study Methodology

All the data in this report are based upon a series of surveys conducted among several groups. A consumer survey conducted among 532 homeowners who have were

involved in either a Kitchen or Bathroom remodeling job. A survey of new home builders, with a sample size of 259 builders. A survey of 126 residential remodelers. And a total of 161 general contractors.

Page 3: Size of the Kitchen Market

Residential Kitchen & Bath Market

The U.S. residential Kitchen & Bath market is estimated at $134.1 billion Remodel and Replacement (R&R) account for nearly two thirds of the total

residential market, or $85.2 billion. Construction of new homes contribute 36% of the total, or $48.9 billion.

37%

26%

13%

23%

Kitchen & Bath Market

KitchenR&R

BathroomR&R

KitchenNew

BathroomNew

Spending for Bathroom products is nearly equal to that for Kitchen products. Total spending for Kitchen products is $67.3

billion, or 50.2% of the total. Bathroom products captured $66.8 billion of

the total.

Page 4: Size of the Kitchen Market

Remodel & Replacement Segment

Residential Remodel & Replacement (R&R) contributes $85.2 billion to the U.S. economy.

Kitchen products account for 58% of total R&R, or $49.7 billion Major or complete Kitchen remodeling jobs represent $34.6 billion of spending Replace and minor remodels are a $15.1 billion segment

18%

41%5%

37%

R&R SegmentKitchenMinor

KitchenMajor

BathroomMinor

BathroomMajor

“Minor” includes replacement and minor remodel jobs

“Major” reflects both major as well as complete remodel remodels

Page 5: Size of the Kitchen Market

Spending for Kitchen Products

Total spending by consumers and professionals for Kitchen products reached $67.3 billion.

Nearly half of the dollars spent (48%) for Kitchen R&R products go for Cabinets and Appliances. Combined they represent nearly $32 billion. Countertops and Flooring follow in importance.

$67.3Billion

Page 6: Size of the Kitchen Market

R&R Kitchen Remodel by Project Size$49.7Billion More than 10 million households were involved in a Kitchen

remodel or replacement job. They spent $49.7 billion for Kitchen R&R. Just under one in five of projects were complete remodels, but

these accounted for nearly half of the total Kitchen Spending.

19%

18%

41%

22%

Number of Projects

47%

22%

26%

5%Spending Amount

Complete Major Minor ReplacementType of Remodel Project

Just about one-fifth of the jobs contributed a little over a fifth of the spending.

The full report gives additional detail on spending by product category for each project type.

Page 7: Size of the Kitchen Market

This full report includes:

The size of the Kitchen industry: by type of remodel activity by estimated retail market by consumer profile.

Product choices by type of remodel activity for: Consumers Professionals

A consumer Kitchen remodel analysis. A professional Kitchen construction/remodel

analysis.

Our reports are $99 for members,$499 for non-members.

NKBA research provides the insights you need tobe successful in the Kitchen and Bath industry.

Access this and other NKBA researchreports here: nkba.org/research