(I-BusinessNews.Com, February 17, 2020 ) Kitchen has evolved from a closed room to the most open and highly accessible space in the house and used to store all the utensils, electronics, food, spices, and other essential resources and provide easy accessibility. A modular kitchen also provides the customers with versatility, as they can quickly be assembled and detached. The modular kitchen market is developed rapidly in the global and more and more people wanted to own a modular kitchen in their houses.
Modular kitchen referred to as modern design made from various materials such as wood, high-pressure laminate, melamine etc. The modular kitchen has a different design, layout, size and made especially custom-designed, and customers can choose their preference according to the requirements and budget. Modular kitchen market projected to reach a value of US$ 28.54 Billion by 2025, expanding at a CAGR of nearly 5% during 2019-2025.
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Global modular kitchen market driven by rising middle-class population, growing demand for premiumization, decreasing household size, increasing demand for space-saving, the rapid growth of residential construction industry project, surging number of partnerships between real estate’s project developers and modular kitchen manufacturers would drive the market. The online distribution channel is also one of the major growth factors of the modular kitchen globally.
Across the globe, people are shifting on online marketing and shopping, with the growing internet user base. The online distribution channels have a platform where the people can see and buy kitchen accessories and design as per their choice, need and budget. 25 percent of the people are shopping online and expected to increase year on year around the globe.
Besides, increasing the purchasing power of consumers from developed and developing nations, including the United States, India, Europe, China, Thailand, and Brazil, is expected to drive the modular kitchen market. However, the rapid rise in the number of nuclear families on a global level anticipated encouraging the installation of a new modular kitchen. The L- shape and parallel shape design is a popular kitchen design globally including straight. In recent times, among most of the designs, most popular were wall-cabinet and tall storages cabinet. This type of design used in both small and large space houses.
The growing day by day global population is propelling the food industry as well construction industry. The people want convenient food cooking facilities and home appliances products and technology with size, style, and design. The global people income level and improving living standard is the significant factor of propelling the modular kitchen market.
Across the globe, the manufacturers and vendors are introducing eco-friendly variants that employ green materials such as recycled plastic granules and acrylic stone. In this report, we have covered some of the vendors and manufacturers are Nobilia GB Ltd, Häfele GmbH & Co KG, Hettich Group, Nobia AB, IFB Industries.
Renub Research report titled “Modular Kitchen Market, Global Analysis, By Distribution Channels (Online, Offline), Design (L-Shape, U-Shape, Parallel, Straight, Island), Products (Floor Cabinet, Wall Cabinet, Tall Storage) Region (North America, Europe, Asia and Rest of World) Company (Nobilia GB Ltd, Häfele GmbH & Co KG, Hettich Group, Nobia AB,IFB Industries) Porter’s Five Forces” provides a complete analysis of global modular kitchen market.
By Distribution Channels – Offline channel holds significant market in the global modular kitchen market
The report studies the market of online and offline distribution of modular kitchen market. Offline channel holds significant market in the global modular kitchen market and is expected to dominate the market over the projection years.
By Design – Island is expected to grow at highest CAGR in the global modular kitchen market
The report studies the market of the following market by design: L-Shape, U-Shape, Parallel, Straight, Island. L-Shape and U-Shape are expected to hold maximum market share.
By Products – Floor Cabinet and Wall Cabinet together account for the majority of market share in the global modular kitchen market
On the basis of products, the market is segmented into Floor Cabinet, Wall Cabinet, Tall Storage. Floor Cabinet and Wall Cabinet together account for the majority of market share in the global modular kitchen market.
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By Distribution Channels – Global Modular Kitchen Market
• Online
• Offline
By Design – Global Modular Kitchen Market
• L-Shape
• U-Shape
• Parallel
• Straight
• Island
By Products – Global Modular Kitchen Market
• Floor Cabinet
• Wall Cabinet
• Tall Storage
By Regions – Global Modular Kitchen Market
• North America
• Asia
• Europe
• Rest of the World
Company Analysis in this report
• Nobilia GB Ltd
• Häfele GmbH & Co KG
• Hettich Group
• Nobia AB
• IFB Industries
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