The fitted cabinetry and sink markets are both projected to rise by a healthy amount in 2025, according to the latest data by specialist KBB research firm JKMR.
According to the organisation, the manufacturer sales price (MSP) of fitted cabinetry rose by roughly 14.9% between 2020 and 2024, and was set to rise by another 2.1% this year.
Following a similar trend, the total end-client buying price of cabinetry rose by 18.9% between 2020 and 2024, and JKMR has projected that this is set to rise by another 2.9% before the end of 2025.
Discussing the figures, JKMR founder Jayne Barber said: “MSP and end-client buying price inflation effectively tracked each other during 2021 and 2022. 2023/2024 saw cabinetry costs rise to a greater degree at end client buying price than manufacturer price rises, and this is expected to continue in 2025.
“However, in the view of JKMR, much of this apparent ability for retailers to rise cabinetry costs beyond MSP price rises relates to the far stronger top end of the market over the last three years. Cabinetry margins on intrinsically higher cost brands, including imports, have always been stronger than the margins applied in the mass volume operators.”
Looking at the kitchen sink market, both MSP and end-client sales price rose by around 28% from 2020 to 2024. This year, however, the MSP is set to rise by around 2.8% in value, and end-client buying price is projected to rise by a slightly more subdued 1.9%.
Offering her analysis of these projections, Barber summarised: “Sink price increases as MSP and end client very closely track each other. However, over the past five years market value at MSP has seen annual rises to a slightly higher extent than those seen when the market is measured at end client buying price. This has to be interpreted as margins on sinks becoming marginally tighter year on year.”
Considering what this combined data means, Barber concluded: “Rises in sink market value have been running at a higher rate than that for cabinetry value throughout the past decade. This reflects two main factors.
“The number of projects with two (or more) sink areas keeps rising year on year, so there are far more sink models being absorbed by the market. The market is dominated by large volume operations who are vertically integrated, and they can make margins on cabinetry even without substantially raising prices.”
Barber also recently spoke to kbbreview as part of a series of features on the health of the KBB retail market. In her assement, she concluded that although “the outlook for 2025 is not a booming market; but the substantial year-on-year volume falls seen over the last two years are not expected to be replicated now.”
