NKBA’s final Kitchen & Bath Market Outlook update of the year calls for strong across-the-board growth.
By Robert Isler
NKBA’s Kitchen & Bath Market Outlook October update revealed a full-year revenue projection of $167 billion for 2021 — a healthy year, and consistent with robust expectations resulting from the surge in remodeling brought on since mid-2020. While much of it solidly confirms prior reports, there are a few, less obvious surprises hidden in the research.
The latest projection represents a vigorous 19% increase over the $141 billion logged in 2020. The white-hot pace, though, will not go on indefinitely, and there are already clear signs that growth is beginning to moderate, settling into a steady, sustainable rate. New construction and high-end projects are forecast to be the biggest beneficiaries of the gains.
To read more of this story, visit NKBA’s Insights page, here.
