The global modular kitchen market size is expected to reach USD 28.54 billion
by 2025, according to a new report by Grand View Research, Inc. It is projected
to register a CAGR of 5.8% during the forecast period. Growing number of
housing projects supported by the increasing purchasing power of consumers from
developing nations including India, Thailand, and Brazil, is expected to drive
the market. Furthermore, the rapid rise in the number of nuclear families on a
global level is expected to promote installation of new modular kitchens in new
constructions.
The L-shaped product design segment held
the largest market share of more than 55% in terms of revenue in 2018. This
design is the most popular among consumers due to its better flexibility and
convenience. In addition, this design is well suited for small size kitchens.
Tall storage segment is expected to witness
the fastest CAGR of 6.3% from 2019 to 2025. This product can store a large
number of commodities in a single cabinet and also provides an attractive
vertical look to the house. These factors are anticipated to bode well for the
segment growth in the forthcoming years.
As of 2018, the wood products led the
modular kitchen market in terms of raw material, accounting for over 60% of the
global revenue. On the other hand, the fiber/plastic material is expected to
register the fastest CAGR in near future as this material is waterproof, oil
proof, and termite-proof. This material is available in a less expansive price
range compared to other raw materials, which is expected to further drive the
demand.
Europe held the leading market share of
more than 30% in terms of revenue in 2018. The presence of prominent
manufacturers and availability of a wide range of products is projected to drive
the market in countries such as Germany, U.K., France, Italy, and Poland. On
the other hand, Asia Pacific is expected to register the fastest growth due to
the rapid growth of residential construction in this region. Rising purchasing
power along with rapid urbanization in the countries, such as India, China,
Japan, Malaysia, and Indonesia, is expected to fuel the product demand.
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https://www.grandviewresearch.com/industry-analysis/modular-kitchen-market
https://www.grandviewresearch.com/industry-analysis/modular-kitchen-market
Further key findings from the report suggest:
· Floor cabinet held the largest modular
kitchen market share of over 60% in 2018
· In terms of raw material, wood products is
expected to hold a market share of more than 40% by 2025
· Online distribution channel is expected
register the fastest CAGR of 6.2% from 2019 to 2025
· Key market participants include Häfele GmbH
& Co KG; Nobia AB; Häcker Küchen GmbH & Co. KG; Nobilia GB Ltd;
LINEADECOR; Snaidero Cucine; Bulthaup; Boston Cabinets, Inc.; Pedini; SieMatic;
and The Hettich Group
Grand View Research has segmented the
global modular kitchen market on the basis of design, product, raw material,
distribution channel, and region:
Modular Kitchen Design Outlook (Revenue,
USD Million, 2015 - 2025)
·
L-Shape
·
U-Shape
·
Parallel
·
Straight
·
Island
Modular Kitchen Product Outlook (Revenue,
USD Million, 2015 - 2025)
·
Floor Cabinet
·
Wall Cabinet
·
Tall Storage
Modular Kitchen Raw Material Outlook
(Revenue, USD Million, 2015 - 2025)
·
Wood
·
Metal
·
Fiber/Plastic
·
Others
Modular Kitchen Distribution Channel
Outlook (Revenue, USD Million, 2015 - 2025)
·
Offline
·
Online
Modular Kitchen Region Outlook (Revenue,
USD Million, 2015 - 2025)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
About Grand View
Research
Grand View Research, Inc. is a
U.S. based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides
syndicated research reports,
customized research reports, and consulting services. To help clients make
informed business decisions, we offer
market intelligence studies ensuring relevant and fact-based research across a
range of industries, from technology to chemicals, materials and healthcare.
