Kitchen and bath full-year industry revenues are expected to reach a record $199 billion in 2022, with an anticipated growth of 19 percent for the second year in a row. Whether they are repainting kitchen cabinets or undertaking a full bathroom remodel, here’s what homeowners can expect when taking on kitchen and bath projects this year.
Rising costs will drive some homeowners to take on projects
themselves, but 85 percent of remodels will include professional involvement.
Designers report an average of
three months of project backlog due to pent-up demand for premium upgrades, supply chain issues and a lack of skilled labor.
A New Customer Base
The 23 percent increase in relocations from big cities to midsize or small metropolitan areas brings a different customer base to retailers.
Sources: The National Kitchen & Bath Association: 2022 Kitchen & Bath Market Outlook, The New Normal in Kitchen and Bath Webinar, 2021 Conference