The global modular kitchen market reached a value of US$ 31 Billion in 2018. Looking forward, the market is further projected to reach a value of US$ 42 Billion by 2024, growing at a CAGR of nearly 5% during the next five years. Modular kitchen is a term used for the modern kitchen furniture layout consisting of modules of cabinets made of diversified materials which hold accessories inside and can facilitate the effective usage of the spaces in a kitchen. They can be made from various materials like wood, high pressure laminate, melamine, etc. A modular kitchen can be custom designed and the consumers can choose between the type, design and material according to their taste, requirement and budget.
Global Modular Kitchen Market Drivers:
Product type insights:
On the basis of product type, the market has been segmented as Floor Cabinet, Wall Cabinet and Tall Storage. Currently, the Floor Cabinet type represents the largest segment.
Based on the design/layout, the market has been segmented as L-Shape, Straight, U-Shape, Parallel, Island and Peninsula. Amongst these, L-Shape represents the largest segment.
Material Used Insights:
Based on the type of material used, the market has been segmented as Lacquered Wood; High Pressure Laminates; Wood Veneers and Melamine; Metals; and Others (Glass, Acrylic, etc.). Lacquered Wood currently accounts for the largest market share.
Distribution Channel Insights:
Based on the distribution channel, the market has been segmented into online and offline. Amongst these, offline represents the biggest segment.
Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe is currently the biggest market.
The competitive landscape of the market has also been analyzed. Some of the leading players operating in the market are:
This report provides a deep insight into the global modular kitchen market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the modular kitchen market in any manner.
Key Questions Answered in This Report:
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