Global Modular Kitchen Market Report, Insights and Trends, Positive and Negative Factors, Areas to Focus on, Potential Markets, Key Developments, Segments and Verticals, and Forecast 2019 – 2028
-
14311
-
May 2023
-
153
-
-
This report was compiled by Kalyani Khudsange Kalyani Khudsange is a Research Analyst at Prudour Pvt. Ltd. with 2.5 years of experience in market research and a strong technical background in Chemical Engineering and manufacturing. Correspondence Sr. Research Analyst Linkedin | Detailed Market research Methodology Our methodology involves a mix of primary research, including interviews with leading mental health experts, and secondary research from reputable medical journals and databases. View Detailed Methodology Page
-
Global Modular Kitchen Market was valued at US$ X.X Bn in 2018 and is anticipated to be valued at US$ X.X Bn in 2028. The global modular kitchen market has been divided on the basis of product type, design/layout, raw material, sales channel, and region & country.
Modular Kitchen: Product Overview
A modern layout of kitchen furniture consisting of numerous units of cabinets or modules made by using different materials including wood, high-pressure laminate, metal, etc. with required accessories and which provides efficient use of kitchen space can be termed as a modular kitchen. These kitchen models are gaining popularity and traction as modular kitchens can be dismantled completely and can be re-used in case individuals are moving to a new place with different kitchen space and set up. The only difference between semi-modular kitchen and modular kitchen is that semi-modular kitchen cannot be dismantled completely, that is kitchen platform made by using marble and Granite counter-top which needs to be broken to remove it.
Modular Kitchen Market: Dynamics
Modular kitchen has been becoming popular at a global level as it aids in utilization of the kitchen space according to requirements of the user. It also has various sections that help to organize the kitchen utensils and accessories. The above-mentioned are some of the key factors anticipated to propel target market growth over the next few years. Moreover, as these kitchens can be customized as per requirements of the customer, it offers multiple storage options to store kitchen related items. The availability of these kitchens in various designs and durable materials is a factor expected to support growth of the target market. Increasing adoption of open modular kitchen in residential as well as some commercial places is expected to propel market growth. Some of the house-owners carry out remodeling of the households in order to increase sales value, this combined with easy availability of designer modules is resulting in higher demand for modular kitchens and is augmenting market growth. Moreover, increasing residential and commercial construction activities, rising number of restaurants and dining outlets globally is one of the key factors fueling demand for modular kitchens and supporting market growth.
However, highly fragmented market is a major factor that could challenge growth of the target market. Moreover, existence of local carpenters in the global market and offerings given by them at lower costs could hamper the market growth to a certain extent. High cost associated with installation and maintenance of modular kitchen is another factor projected to limit growth of the global market.
Modular Kitchen Market: Segment Analysis
By Product Type:
Among the segments based on product types, the tall storage segment is anticipated to contribute considerable revenue share in the market, owing to various storage options offered by tall storage including pantry, grocery items, etc.
By Design/Layout:
Among the design/layout segments, the L-shape segment is estimated to register a considerable growth rate, due to high demand from most of the households for L-shaped kitchen.
By Raw Material:
Among the raw material segments, the high-pressure laminates segment is expected to account for significant revenue share in the global market, because of various benefits offered by this material including durability and ability to add a decorative look to the finished product.
By Sales Channel:
Among the sales channel segments, the offline segment is projected to account for dominant revenue share, owing to various services offered by physical stores to the customers including an illustration of the actual product, and product customization services and after-sales service.
Analysis by Region: Global Modular Kitchen Market
The modular kitchen market in Asia Pacific is projected to account for significant revenue share in the target market, owing to increasing inclination towards modern lifestyles, combined with increasing income levels. Moreover, the easy availability of raw materials and labor at reasonable costs, and growing urbanization are some other factors expected to support revenue growth of the market in this region. The North America modular kitchen market is expected to register significant CAGR, owing to the increasing number of household constructions. In addition, increasing renovation activities in order to change the interiors of the house is another factor projected to fuel growth of the target market in the region. Markets in MEA and Latin America are expected to register steady growth rate over the 10-year forecast period.
Global Modular Kitchen Market Segmentation:
- Segmentation by Product Type:
- Wall Cabinet
- Floor Cabinet
- Tall Storage
- Segmentation by Design/Layout:
- Straight
- L-Shape
- Parallel
- U-Shape
- Others (Island and Peninsula)
- Segmentation by Raw Material:
- High-Pressure Laminates
- Lacquered Wood
- Metals
- Wood Veneers and Melamine
- Others (Acrylic, Glass, etc.)
- Segmentation by Sales Channel:
- Online
- Offline
- Segmentation by Region:
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn - Segmentation by Product Type:
-
-
- Nobia AB (publ)
- Lineadecor
- Häfele America Co.
- Pedini SpA
- Bulthaup GmbH & Co KG
- Snaidero Rino Spa
- Boston Cabinets
- Poggenpohl Möbelwerke GmbH
- Häcker Küchen GmbH & Co. KG
- Hettich Holding GmbH & Co.
- SieMatic Möbelwerke GmbH & Co. KG
Our Clients
View Our Licence Options
