Needs of Millennial Kitchen & Bath Professionals
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Transcript of Needs of Millennial Kitchen & Bath Professionals
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Needs of Millennial Kitchen & Bath Professionals
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1 in 3 American adults is a Millennial
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Who is a Millennial?• Age 18-32 (DOB 1984 - 1998).
• Claim an increasing share of the prime market place; even more than Baby Boomers.
• Are more connected, technologically advanced, and the most racially diverse population in U.S. history.
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Millennials$600M avg. annual spend in 2016 will explode to $1.4T in 2020
Millennials will control 30% of all retail sales in 2020
30% of all retail sales by Millennial$600
M in 2016
$1.4T in 2020
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• 65% of millennial K&B designers cite Houzz as their #1 inspiration source.
• Other top sources: Pinterest, KBIS, and manufacturers’ websites & catalogs.
• Appeals to young designers b/c wealth of “real life” kit. & baths;
• Ease of use & searchability;
• Ability to share ideas w/ clients who also use it.
What Inspires Millennials?
{
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People-focused
• Asked to describe their sales role, 82% say it is ‘relationship-oriented’ and 53% describe it as ‘consultative.’
• Some volunteered that they must be both people- and design-focused to be successful.
Millennial’s Sales
Approach
People-focused
64%
Design-focused
33%
Product-focused
3%
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Millennials: Value of the NKBA
• Almost 2-in-3 feel NKBA is the best resource for young professionals, primarily because it is focused singularly on kitchens and baths and NKBA helps them problem solve.
• Millennial K&B Pros want NKBA to raise the status of its brand.
• NKBA is the #1 resource, but not for inspiration.
• Adding more quality content & images would boost the use of NKBA resources.
• Younger designers not convinced of the importance of industry certifications.
• Feel NKBA should do more to build the brand so that it is important to homeowners, as well as other building professionals.
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This full report includes:• An inside look at sources of
inspiration, sales approaches, sales tools and business resources used by millennial K&B professionals.
• In-depth look at millennial K&B professionals social media usage.
• Professional development and continuing education as it appeals to K&B millennials.
Our reports are $99 for members,$499 for non-members.NKBA research provides the insights you need to be successful in the kitchen and bath industry.
Access this and other NKBA research reports here: nkba.org/research