Report Price: $1995
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The NKBA/John Burns Kitchen & Bath Market Index (KBMI) is a quarterly gauge of current and future market conditions within the kitchen and bath industry. This quarter a total of 598 industry professionals participated in the study from these four primary sectors – Design (41%), Building & Construction (16%), Manufacturing (20%), and Retail (22%). The report monitors key measures in order to identify current industry strengths and weaknesses. Additionally, the report explores and demonstrates the latest adjustments in the market and valuable insights of the consistently evolving opportunities for growth as well as the challenges that the industry is experiencing.
Future conditions rating is currently the lowest it has been in the last four years with the exception of Q1 2020 when the pandemic caused major disruptions.
Key Takeaways
- The industry continues to see a deceleration as the KBMI and its component measures all registered sizable declines from the first half of this year and the last half of 2021.
- The kitchen and bath industry still has pricing power, at least for now. Most professionals are reporting the same margins as a year ago, despite the increasing cost of products and staff.
- Future conditions rating is currently the lowest it has been in the last four years with the exception of Q1 2020 when the pandemic caused major disruptions.
- Despite project cancellations and increasing economic challenges, a majority of K&B professionals feel their businesses are prepared to weather an economic downturn.
Additional Topics Covered
- Predictions from professionals about 2023 sales and revenue
- Price increases by product and those with the most brand diversification
- Top challenges and concerns currently facing industry professionals
- Actions K&B pros are taking to combat inflation and prepare for a recession and an industry cooldown