Supply chain issues and material shortages temper industry’s outlook despite continued strong market.
December 13, 2021
While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment. Despite this, the industry is coming off of a record-breaking quarter of growth in Q2, which has fueled projections for the year at around 12% growth in sales year-over-year, with many members still encouraged about future growth in 2022.
NKBA Report finds cleanliness, sustainability and universal designs will be hot trends of 2022.
November 22, 2021
The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. The current study finds that the COVID-19 pandemic has accelerated consumer interest in and adoption of key trends in their homes such as integration of smart technology, multi-functional spaces and natural and nature-based designs.
Rinnai America announced its soon-to-be-completed North American facility located in Griffin, Georgia. Rinnai is investing in product development for tankless water heaters, boilers, wall furnaces and more on US soil. Alongside business development, Rinnai will also play a role in the local economy by fulfilling 150 positions by early 2022.
A family-owned business founded in 1945, Giant markets its water heaters under the Giant brand and employs more than 300 people, primarily in Canada. Giant manufactures water heaters at two facilities in Montreal and sells water heating products across Canada. The addition of Giant to A. O. Smith’s existing water heater operations enlarges the company’s presence in the Canada water heater market, which is characterized by a high percentage of replacement demand.
Governor Gavin Newsom and the California State Legislature have enacted Assembly Bill (AB) 100 into law. Authored by Assembly member Chris Holden, AB 100 adopts industry standard NSF/ANSI/CAN 61 2020 as the lead-testing requirement for certified endpoint drinking water devices sold in California.
Rinnai is now offering a national accounts program to its commercial business partners. The program is designed to be a turnkey hot water solution for its commercial customers and includes both repair and replacement services.