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 replacing a kitchen faucet or undertaking a full bath remodel, here’s what homeowners can expect when taking on kitchen and bath projects this year.
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
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