How Big Is The Market Space For The Integration Of Door And Wall Cabinets

For the market space problem of door-wall cabinet integration, we can measure it from two aspects. Let’s first look at the total market volume of the three categories of doors, walls and cabinets. There are already available data in this regard.

According to the data of the "White Paper on the Development of China's Wooden Door Industry", from 2021 to 2022, the sales revenue of the wooden door industry is expected to be 195.09 billion yuan and 210.22 billion yuan; estimates from multiple channels believe that the overall scale will exceed 200 billion.

The stage for cabinet customization is even broader. According to Haitong Securities, there are only two categories of custom cabinets and custom wardrobes, and the total amount in 2021 will exceed 400 billion. In addition to balcony cabinets, shoe cabinets, bookcases, TV cabinets and other products, we think the total will exceed 500 billion.

In addition, there is a lot of room for improvement in the market penetration rate of cabinets. For example, the current penetration rate of cabinets is about 70%, and that of wardrobes is about 40%. The penetration rate of other cabinets is still relatively low. The future growth is worth looking forward to, which gives more Customized branding provides the stage for display. At the same time, some head customization brands have maintained a high growth rate of more than 20%, which to a certain extent shows that brands with greater influence have a high success rate in cabinet customization.

Wall panels are mainly used for integrating whole house walls, TV background walls, sofa background walls, bedroom background walls, etc., and their market size is about 100 billion. As far as the scope of application is concerned, it is still in the growth stage.

To sum up, whether it is a single category of wooden doors, or the two major industries of custom cabinets and wall panels, they all have extremely broad market prospects. Even if focusing on two categories makes a difference, it can help the company climb to a higher platform.