Global Modular Kitchen Market Size To Worth USD 51.8 Billion By 2033 | CAGR of 3.62%
Category: Consumer GoodsGlobal Modular Kitchen Market Size To Worth USD 51.8 Billion By 2033
According to a research report published by Spherical Insights & Consulting, the Global Modular Kitchen Market is to Grow from USD 36.3 Billion in 2023 to USD 51.8 Billion by 2033, at a Compound Annual Growth Rate (CAGR) of 3.62% during the projected period.
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Browse key industry insights spread across 210 pages with 95 Market data tables and figures & charts from the report on the "Global Modular Kitchen Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Floor Cabinet, Wall Cabinet, and Tall Storage), By Design (L-Shape, U-Shape, Parallel, Straight, Island, and Peninsula), and By Region (North America, Europe, Asia-Pacific, Latin America, Middle East, and Africa), Analysis and Forecast 2023 – 2033." Get Detailed Report Description Here: https://www.sphericalinsights.com/reports/modular-kitchen-market
A modular kitchen is a pre-planned kitchen layout that is built in sections or modules. It is constructed from various materials such as wood, metal, or fiber and assembled to form cabinets, drawers, shelves, and other kitchen components. It is straightforward to install, extremely adjustable, and space-efficient. Its simplified and tidy appearance provides for a more practical cooking and storage environment. It is a practical solution for both small and big settings, with a number of design possibilities to meet diverse needs and tastes. The growing popularity of modern and opulent residences is driving the demand for modular kitchens with excellent design and functionality. Furthermore, the global expansion of commercial food service activities and outlets, such as restaurants, cafés, and hotels, is promoting market growth. However, modular kitchen installation is usually costly, especially due to the necessity for adequate ventilation systems.
The floor cabinets account for the biggest market share over the projection period.
Based on the product type, the global modular kitchen market is divided into floor cabinet, wall cabinet, and tall storage. Among these, the floor cabinets account for the biggest market share over the projection period. It is a base unit that is placed directly on the floor. It is a crucial part of kitchen design and is frequently used to store heavy objects like pots, pans, and other kitchen equipment. It might include built-in storage or pull-out drawers to make the most of available space. It is often used as the basis for countertops, making it an important kitchen component.
The L-shape category has the biggest market share over the predicted period.
Based on the design, the global modular kitchen market is divided into L-shape, U-shape, parallel, straight, island, and peninsula. Among these, the L-shape category has the biggest market share over the predicted period. The L-shaped kitchen has a corner formed by two adjacent walls. Its shape is quite adjustable, making it appropriate for both large and small areas. It gives a lot of working area while yet allowing enough room for a dining table or extra cupboards. This strategy is perfect for when the user wants to open up the space and go from one room to another.
North America has the biggest share of the global modular kitchen market over the forecast period.
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The North American modular kitchen market is predicted to grow as customers want contemporary and personalized kitchens. The growing popularity of open-plan kitchens in residential structures, together with increased demand for exquisite homes outfitted with high-quality kitchen solutions, is propelling market expansion in this sector. Furthermore, North American clients have a lot of discretionary cash, so they might spend in high-quality modular kitchen solutions that give more utility and convenience. Furthermore, the introduction of energy-efficient legislation and regulations by regional governments is anticipated to have a positive impact on the modular kitchen industry.
Europe is predicted to grow fastest pace throughout the forecast period. The modular kitchen market in Europe has a significant market share in the global sector and expanded rapidly over several years. The players' keen interest in aesthetics and design has helped them maintain their place in the region. The growing popularity of modular kitchens in hotels, restaurants, and cafes is propelling market expansion in this industry.
Major vendors in the global modular kitchen market include, Bulthaup GmbH & Co KG, Sleek International Pvt Ltd, SieMatic Möbelwerke GmbH & Co. KG, Alea Modular Kitchen, Easylife Kitchens, Godrej Interio, Kohler Co, LINEADECOR, Lukwood Kitchen, Nexus Interio Private Limited, Pedini SpA, Snaidero Rino Spa, Wudley Modulars, Nobia, Nobilia, Hettich Holding GmbH & Co. oHG, Häcker Küchen, and Others.
Recent Developments
- In November 2022, Ultrafresh Modular Solutions, a subsidiary of TTK Prestige, launched its eighth studio in Tiruppur, Tamil Nadu, spanning around 1,200 square feet. This new studio exemplifies the company's 'One-Stop-Shop' attitude, presenting a vast assortment of modular kitchens, closets, and display units.
Key Target Audience
- Market Players
- Investors
- End-users
- Government Authorities
- Consulting And Research Firm
- Venture capitalists
- Value-Added Resellers (VARs)
Market Segment
This study forecasts revenue at global, regional, and country levels from 2020 to 2033. Spherical Insights has segmented the global modular kitchen market based on the below-mentioned segments:
Global Modular Kitchen Market, By Product Type
- Floor Cabinet
- Wall Cabinet
- Tall Storage
Global Modular Kitchen Market, By Design
- L-Shape
- U-Shape
- Parallel
- Straight
- Island
- Peninsula
Global Modular kitchen Market, By Regional
- North America
- US
- Canada
- Mexico
- Europe
- Germany
- Uk
- France
- Italy
- Spain
- Russia
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia Pacific
- South America
- Brazil
- Argentina
- Rest of South America
- Middle East & Africa
- UAE
- Saudi Arabia
- Qatar
- South Africa
- Rest of the Middle East & Africa
About the Spherical Insights & Consulting
Spherical Insights & Consulting is a market research and consulting firm which provides actionable market research study, quantitative forecasting and trends analysis provides forward-looking insight especially designed for decision makers and aids ROI.
Which is catering to different industry such as financial sectors, industrial sectors, government organizations, universities, non-profits and corporations. The company's mission is to work with businesses to achieve business objectives and maintain strategic improvements.
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