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/PRNewswire/ -- The cabinets market is expected to grow by USD 22.57 billion from 2022 to 2027. However, the growth momentum of the market will progress at a...
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Photo By Millwork USA
There were plenty of challenges for the FDMC 300 group of companies in 2020. The ongoing pandemic, mandated plant closures, job losses and shuttered retail stores all contributed to a sense of uncertainty.
But there were relatively few changes in the makeup of this group of 300 companies. There were some major consolidations that were completed in the past year, but our editors identified only three companies that closed in that time.
In 2020, sales for the FDMC 300 group of companies reached $57.883 billion, actually a slight gain of 1.25 percent over the previous year.
It was not a good year for store fixture and retail display manufacturers as many retail stores closed for weeks or months during the pandemic. Some have closed permanently. Makers of residential furniture also suffered as retail furniture stores were shuttered, but many reported a strong rebound in sales in the second half of the year. Manufacturers in other markets such as cabinets and millwork reported sales gains during the year.