Modular kitchen market is anticipated to grow at a CAGR of 5.1% during the forecast period. The rapid growth in the residential construction industry is significantly contributing to the growth of the modular kitchen market during the forecast period. The growing number of real estate projects and the increasing demand for space-saving homes are further supporting the growth of the market. For instance, in September 2022, according to the US Census Bureau and the US Department of Housing and Urban Development, privately?owned housing units authorized by building permits in September were at a seasonally adjusted annual rate of 1,564,000 this is 1.4% above the revised August rate of 1,542,000. Moreover, Privately?owned housing completions in September were at a seasonally adjusted annual rate of 1,427,000. This is 6.1% above the revised August estimate of 1,345,000. Therefore, the rapid growth in the residential construction industry is driving the modular kitchen market.
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Moreover, key players are expanding their footprints in the modular kitchen segment to cater to the demand and stay competitive in the market. For instance, M/s R P Locks Ltd (Harrison Locks) has expanded its footprints into new segments such as modular kitchen and builder hardware solutions. The company is also targeting to open 30 Suvidha stores and touch-and-feel centres for modular kitchen hardware across India by 2025. Additionally, the company also participated in the HBLF show, an architectural and interior products exhibition, in Gujarat to showcase its branded products and increase its footprints.
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- Market Coverage
- Market number available for – 2022-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered- By Source, By Product Type, By Applications
- Competitive Landscape- Archer Daniels Midland Co., Ingredion Inc., Kerry Group Plc, Cargill
- , and others
Market Segmentation
Global Modular Kitchen Market by Design
- L Shape
- U Shape
- Parallel
- Straight
- Island
- Others (G shape)
Global Modular Kitchen Market by Product Type
- Floor Cabinet
- Wall Cabinet
- Tall Storage Cabinets
Global Modular Kitchen Market by Raw Material
- Wood
- Metal
- Others (Plastic, Glass, Acrylic)
Regional Analysis
- 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
Company Profiles
- Alea Modular Kitchen
- Bulthaup GmbH & Co. KG
- EASYLIFE KITCHENS
- Godrej & Boyce Manufacturing Co. Ltd.
- Hackers Küchen GmbH & Co. KG
- Häfele GmbH & Co KG
- Hettich Holding GmbH & Co. KG
- IFB Industries Ltd.
- IKEA Systems B.V.
- Kohler Co
- LINEADECOR
- Lukwood Kitchen
- Nexus Interio Pvt. Ltd.
- Nobia AB
- Nobilia GB Ltd.
- PEDINI S.p.A
- SieMatic Möbelwerke GmbH & Co. KG
- Sleek International Pvt Ltd. (A subsidiary of Asian Paints)
- Snaidero Rino Spa
- Wudley Modulars Pvt. Ltd.
The Report Covers
- Market value data analysis of 2021 and forecast to 2028.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global modular kitchen market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
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