Answer : The cabinet industry is a high-end, niche market. It's labor-intensive and requires expertise in cabinetry, engineering, and design. There's also a lot of waste in the manufacturing process, so the cost of materials is high. Finally, most people are willing to pay a premium for custom cabinets because they see them as an investment in their home.
Cabinets are generally considered to be a kitchen "must-have". They provide storage for pots and pans, dishes, food, and other kitchen items. They also act as a focal point in the room and can add value to your home. For these reasons, people are often willing to spend more money on cabinets than they would on other kitchen fixtures or appliances.