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Freedonia Focus ReportsUS CollectionKitchen & Bath Remodeling:FU ICKLL TOORE RDPO ERRTUnited StatesFU ICKLL TOORE RDPO ERRTBROCHURECLMarch 2018CLwww.freedoniafocusreports.com
Table of Contents1. Highlights32. Market Environment55678Historical TrendsKey Economic IndicatorsHome Improvement Spending ForecastKey Home Improvement Trends3. Segmentation & ngLighting FixturesOther ProductsRoomKitchensBathroomsSpending TypeProduct Sales at Retail LevelInstallation Revenues4. Industry StructureIndustry Characteristics5. About This ReportScope & MethodSourcesIndustry CodesResourcesKitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights 81
List of Tables & FiguresFigure 1 Key Trends in the US Kitchen & Bathroom Remodeling Market, 2017 –2022Figure 2 US Home Kitchen & Bathroom Remodeling Spending Trends, 2007 – 2017Table 1 Key Indicators for US Home Kitchen & Bathroom Remodeling Spending,2007 – 2022 (2009US bil)Table 2 US Home Improvement Spending, 2007 – 2022 (US bil)Figure 3 Number of Bathrooms in US Housing Units, 2017 (%)Table 3 Consumer Responses by Race & Ethnicity & Age: “I prefer to age in place”,2017Figure 4 Number of Americans Aged 55 & Over, 2007 – 2027 (%)Figure 5 US Home Kitchen & Bathroom Remodeling Spending by Product, 2007 –2022 (US mil)Table 4 US Home Kitchen & Bathroom Remodeling Spending by Product, 2007 –2022 (US mil)Figure 6 US Home Kitchen & Bathroom Remodeling Spending by Product, 2007 –2022 (%)Figure 7 US Home Kitchen & Bathroom Remodeling Spending by Room, 2007 – 2022(US mil)Table 5 US Home Kitchen & Bathroom Remodeling Spending by Room, 2007 – 2022(US mil)Figure 8 US Home Kitchen & Bathroom Remodeling Spending by Room, 2007 –2022 (%)Figure 9 US Home Kitchen & Bathroom Remodeling Spending by Type, 2007 – 2022(US mil)Table 6 US Home Kitchen & Bathroom Remodeling Spending by Type, 2007 – 2022(US mil)Figure 10 US Home Kitchen & Bathroom Remodeling Spending by Type, 2007 –2022 (%)Table 7 Leading Product Suppliers to the US Home Kitchen & Bathroom RemodelingMarket by ProductTable 8 Industry Codes Related to Home Kitchen & Bathroom RemodelingKitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights reserved.45689111213131718182021212325272
About This ReportScope & MethodThis report forecasts to 2022 US home kitchen and bathroom remodeling spending in USdollars at both the manufacturer level (for most products) and at the retail level. Totalspending is segmented by product in terms of: cabinets countertops plumbing flooring lighting fixtures other products such as drywall, paint, molding and trim, windows anddoors, home organization products, and wiring and electrical componentsTotal spending is also segmented by room as follows: kitchens bathroomsTotal spending is further segmented by spending type in terms of: product sales at retail level installation revenuesTo illustrate historical trends, total demand is provided in annual series from 2007 to2017; the various segments are reported at five-year intervals for 2007, 2012, and 2017.For countertops, sales are presented at the fabricator level for all surface materials excepttile and poured-in-place concrete – sales of which are measured as installation revenues(where the countertop is created) and at the retail level.This report quantifies trends in various measures of growth and volatility. Growth (ordecline) expressed as an average annual growth rate (AAGR) is the least squares growthrate, which takes into account all available datapoints over a period. The volatility ofdatapoints around a least squares growth trend over time is expressed via the coefficient ofdetermination, or r2. The most stable data series relative to the trend carries an r2 value of1.0; the most volatile – 0.0. Growth calculated as a compound annual growth rate (CAGR)employs, by definition, only the first and last datapoints over a period. The CAGR is used todescribe forecast growth, defined as the expected trend beginning in the base year andending in the forecast year. Readers are encouraged to consider historical volatility whenassessing particular annual values along the forecast trend, including in the forecast year.Kitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights reserved.26
About This ReportKey macroeconomic indicators are also provided with quantified trends. Other varioustopics, including profiles of pertinent leading suppliers, are covered in this report. A fulloutline of report items by page is available in the Table of Contents.SourcesKitchen & Bathroom Remodeling: United States (FF60108) is based on Home Kitchen &Bathroom Remodeling, a comprehensive industry study published by The Freedonia Group.Reported findings represent the synthesis and analysis of data from various primary,secondary, macroeconomic, and demographic sources including: firms participating in the industry, and their suppliers and customers government/public agencies national, regional, and international non-governmental organizations trade associations and their publications the business and trade press indicator forecasts by The Freedonia Group the findings of other reports and studies by The Freedonia GroupSpecific sources and additional resources are listed in the Resources section of thispublication for reference and to facilitate further research.Industry CodesTable 8 Industry Codes Related to Home Kitchen & Bathroom RemodelingNAICS/SCIAN 2007SICNorth American Industry Classification SystemStandard Industrial Classification236118314110Residential remodelersCarpet and rug mills15211522321918326191326199327112Other millwork (including flooring)Plastic plumbing fixture manufacturingAll other plastic products manufacturingPottery, ceramic, and plumbing fixturemanufacturingCut stone and stone product manufacturingPlumbing fixture fitting and trim manufacturingAll other miscellaneous fabricated metal productmanufacturingResidential electric lighting fixture manufacturingWood kitchen cabinet & countertop manufacturingMetal household furniture manufacturing1531227324262434General contractors – single-family housesGeneral contractors – residential buildings, otherthan single-familyOperative buildersCarpets and rugsHardwood dimension and flooring millsWood kitchen cabinets251430883089Metal household furniturePlastics plumbing fixturesPlastics products, NEC32693281343234943645Pottery products, NECCut stone and stone productsPlumbing fixture fittings and trimValves and pipe fittings, NECResidential electric lighting : US Census BureauCopyright & LicensingThe full report is protected by copyright laws of the United States of America and international treaties. The entire contents of the publication arecopyrighted by The Freedonia Group.Kitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights reserved.27
About This ReportResourcesThe Freedonia GroupHome Kitchen & Bathroom Remodeling, March 2018Freedonia Industry StudiesGeneral Purpose LEDs & Other High-Efficiency Lighting in the US, March 2018Countertops Market in the US, February 2018Windows & Doors Market Forecasts, September 2017Cabinets Market in the US, September 2017Doors Market in the US, August 2017Plumbing Fittings Market in the US, August 2017Plumbing Fixtures Market in the US, June 2017Windows Market in the US, June 2017Behind the Wall Plumbing, March 2016Freedonia Focus ReportsArchitectural Services: United StatesConstruction: United StatesHardware: United StatesHousing: United StatesPrefabricated Housing: United StatesWood Millwork: United StatesFreedonia Custom ResearchTrade PublicationsBuilderCabinetmaker FDM MagazineFloor Covering WeeklyFloor FocusHomewyse.comHouzz.comJournal of Light ConstructionPlastics NewsPlumbing & MechanicalPM EngineerProfessional RemodelerRemodelingSupply House TimesTileWater OnlineKitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights reserved.28
About This ReportWood & Wood ProductsAgencies & AssociationsAmerican Floorcovering AllianceCeramic Tile Distributors AssociationHome Improvement Research InstituteJoint Center for Housing Studies of Harvard UniversityKitchen Cabinet Manufacturers AssociationMultilayer Flooring AssociationNational Association of Home BuildersNational Association of the Remodeling IndustryNational Kitchen & Bath AssociationNational Tile Contractors AssociationNatural Stone InstituteNorth American Association of Floor Covering DistributorsPlumbing – Heating – Cooling Contractors AssociationRadiant Professionals AllianceTile Council of AmericaKitchen & Bathroom Remodeling: United States 2018 The Freedonia Group. All rights reserved.29
installation revenues To illustrate historical trends, total demand is provided in annual series from 2007 to 2017; the various segments are
