Top-line 2021 outlook is revised upward as the July update calls for 21% overall industry growth over last year.
By Robert Isler
The story for this year keeps getting stronger, although with the understanding that the current rate of growth is not likely to be sustainable for the longer term. For now, though, based on the recent update of NKBA’s 2021 Kitchen & Bath Market Outlook, the industry is firing on all cylinders. The 21% overall growth translates into $171 billion for the year, $30 billion ahead of last year. Just as impressive — this new number is a healthy 8% higher than the original forecast submitted in late December.
For more details on this update, visit NKBA’s Insights page here.
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