The modular kitchen global market report 2024 from The Business Research Company provides comprehensive market statistics, including global market size, regional shares, competitor market share, detailed segments, trends, and opportunities. This report offers an in-depth analysis of current and future industry scenarios, delivering a complete perspective for thriving in the industrial automation software market.
Modular Kitchen Market, 2024 report by
The Business Research Company offers comprehensive insights into the current
state of the market and highlights future growth opportunities.
Market Size -
The modular kitchen market size has grown steadily in recent years. It will
grow from $22.82 billion in 2023 to
$23.63 billion in 2024 at a compound
annual growth rate (CAGR) of 3.6%.
The growth in the historic period
can be attributed to changing lifestyles, urbanization, customization, ease of
installation, environmental awareness.
The modular kitchen market size is expected to see steady growth in the next
few years. It will grow to $28.31
billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be
attributed to health and hygiene, multifunctionality, modular furniture,
kitchen as a social space, consumer convenience. Major trends in the forecast
period include smart kitchen appliances, digital visualization, remote
monitoring, customization software, innovative materials.
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Scope Of Modular Kitchen Market
The Business Research Company's reports encompass a wide range of information,
including:
1. Market Size (Historic and Forecast): Analysis of the market's historical
performance and projections for future growth.
2. Drivers: Examination of the key factors propelling market growth.
3. Trends: Identification of emerging trends and patterns shaping the market
landscape.
4. Key Segments: Breakdown of the market into its primary segments and their
respective performance.
5. Focus Regions and Geographies: Insight into the most critical regions and
geographical areas influencing the market.
6. Macro Economic Factors: Assessment of broader economic elements impacting
the market.
Modular Kitchen Market Overview
Market Drivers -
The rapid growth in the residential construction industry is significantly
contributing to the growth of the modular kitchen market. The growing number of
real estate projects and the increase in demand for space-saving homes are
helping the modular kitchen market grow. For instance, the US construction
industry is estimated to grow by 8.7% between 2020-2025. Also, according to the
US Census Bureau and the US Department of Housing and Urban Development, in
December 2021, there were 1,873,000 building permits granted while the number
of housing completions stood at 1,295,000. Therefore, the rapid growth in the
residential construction industry is driving the growth of the modular kitchen
market.
The modular kitchen market covered in this report is segmented –
1) By Design: L-Shape, U-Shape, Parallel, Straight, Island
2) By Product: Floor Cabinet, Wall Cabinet, Tall Storage
3) By Raw Material: Lacquered Wood, Wood Sheets and Melamine, Metals,
High-Pressure Laminates, Other Raw Materials (Glass, Acrylic)
4) By Distribution Channel: Offline (Contractors, Builders), Online
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Regional Insights -
Europe was the largest region in the modular kitchen market in 2023.
Asia-Pacific is expected to be the fastest-growing region in the forecast
period. The regions covered in the modular kitchen market report include
Asia-Pacific, Western Europe, Eastern Europe, North America, South America,
Middle East and Africa.
Key Companies -
Major companies operating in the modular kitchen market include Nobilia GB Ltd., Hafele GmbH & Co KG,
Hettich Group, IFB Industries Ltd., Häcker Küchen GmbH & Co. KG, Lineadecor
USA LLC, Snaidero Rino S.p.a, Bulthaup UK Ltd., Boston Cabinets Inc., Pedini
SPA, SieMatic USA, Spacewood Pvt. Ltd., V3 Engineers Pvt. Ltd., Timbor Home
Ltd., Godrej and Boyce Mfg, Lispo Total Kitchen Solution, Meine Kuche India
Pvt. Ltd., OPPEIN Home Group Inc., IKEA Systems B.V., KraftMaid Services India
Private Limited, MasterBrand Cabinets Inc., Cliqstudios Cabinets Technologies
Private Limited, Arclinea SPA, Merillat Industries LLC, Wood-Mode LLC., Regalo
Kitchens Private Limited, Sleek World
International Ltd., Häfele India Pvt. Ltd., Urban Ladder, Livspace Pte Ltd.,
Nobia AB, Scavolini SPA, Poggenpohl Manufacturing GmbH, Boffi SPA
Table of Contents
1. Executive Summary
2. Modular Kitchen Market Report
Structure
3. Modular Kitchen Market Trends And
Strategies
4. Modular Kitchen Market – Macro
Economic Scenario
5. Modular Kitchen Market Size And
Growth
…..
27. Modular Kitchen Market Competitor
Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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