The global modular kitchen market is anticipated to grow at a CAGR of 5.1% during the forecast period. The increase in the population and the rising disposable income of consumers in developing countries such as China, India, and other countries have increased the purchasing power of consumers, thus encouraging population to spend more on products that provide convenience and comfort. Rapid growth in the residential construction industry and changes in lifestyle patterns of consumers from living in a joint family to a nuclear family are the major factors that boost the growth of the modular kitchen market. The modular kitchen provides convenient and efficient storage for essential kitchen commodities and is space-saving, due to its features consumers are adopting modular kitchens.
Browse the full report description of “Modular Kitchen Market Size, Share & Trends Analysis Report by Design (L Shape, U Shape, Parallel, Straight, Island, and Others), by Product Type (Floor Cabinet, Wall Cabinet, and Tall Storage Cabinets), and by Raw Material (Wood, Metal, and Others) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/modular-kitchen-market
Further, market key players are expanding their footprints to offer their products and services to more consumers and to stay competitive in the market. For instance, in March 2021, Livspace Pte Ltd. expanded into four new cities including Kolkata, Ahmedabad, Jaipur, and Kochi offering its modular solutions in the new markets. The company has also opened Experience Centres (ECs) spanning 1,500 sq. ft. each in prime locations in all four cities to provide experience to homeowners. Furthermore, the company is planning to expand its business in 30 Indian cities including markets such as Mysore, Lucknow, Mangalore, and Surat to cater to the demand.
Moreover, in November 2022, Ultrafresh Modular Solutions Ltd., an independent subsidiary of TTK Prestige Ltd. launched its first studio at Keelkattalai in Chennai. The studio is developed under the company’s ‘One-Stop-Shop’ format. The studio is spread across around 665 square feet, it is the company’s first franchise retail outlet in Chennai offering a range of modular kitchens, wardrobes, and display units. The studio offers Ultrafresh’s product range as well as TTK Prestige’s kitchen appliances, giving customers a wider variety to customize and design their kitchens.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Design
o By Product Type
o By Raw Material
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Alea Modular Kitchen, Bulthaup GmbH & Co. KG, EASYLIFE KITCHENS, Godrej & Boyce Manufacturing Co. Ltd., and others
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Modular Kitchen Market Report Segment
By Design
By Product Type
By Raw Material
Global Modular Kitchen Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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