Modular Kitchen Market Outlook
According to a new report by Expert Market Research titled, “Global Modular Kitchen Market Growth, Share, Size, Analysis, Report and Forecast 2023-2028″, the modular kitchen market growth reached a value of USD 31.7 billion in 2022. Aided by the increasing demand for organised and space-efficient kitchen layouts and the growing application of modular kitchens in various residential and commercial spaces, the market is projected to further grow at a CAGR of 5.30% between 2023 and 2028 to reach a value of USD 33.38 billion by 2028.
A modular kitchen is a contemporary concept of kitchen design, composed of pre-made cabinet parts arranged in various ways to create a functional and efficient kitchen layout. Besides optimising space, modular kitchens also offer aesthetics, flexibility, and ease of installation and repair, making them an integral part of modern homes and commercial establishments such as hotels, restaurants, and office pantries.
The accelerating trend of urbanisation and the shift towards compact, efficient living spaces are key drivers propelling the global modular kitchen market growth. The increasing demand for space-optimised, aesthetically pleasing kitchen layouts has led to a substantial rise in the adoption of modular kitchens. Furthermore, the rise in disposable income levels, especially in developing economies, has enabled consumers to invest in home improvement and décor, including kitchen renovations, thereby fuelling market growth.
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Modular kitchens’ compatibility with a wide range of appliances and fixtures has further expanded their applicability, thereby increasing the modular kitchen market demand. The trend of smart kitchens equipped with appliances such as smart refrigerators, ovens, and advanced cooking systems is likely to enhance the appeal of modular kitchens, as they offer organised and efficient integration of these appliances.
In the commercial sector, modular kitchens are rapidly gaining popularity. Businesses such as hotels, restaurants, and corporate establishments are increasingly adopting modular kitchens due to their efficient design, ease of installation and repair, and sleek appearance, further driving the modular kitchen market expansion.
Additionally, advancements in technology and innovative design solutions have led to the creation of modular kitchens that cater to various customer preferences, thus propelling the modular kitchen market development. From traditional designs to contemporary layouts, the choice of finishes, colours, and materials available for modular kitchens has expanded significantly, making them a preferred choice for a diverse range of consumers.
Modular Kitchen Market Segmentation
The market can be divided based on product, design, material used, distribution channel, and region.
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Market Breakup by Product
- Floor Cabinet
- Wall Cabinet
- Tall Storage
Market Breakup by Design
- Island Kitchen
Market Breakup by Material Used
- Lacquer Wood
- High Pressure Laminates
- Wood Veneers
Market Breakup by Distribution Channel
Market Breakup by Region
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and acquisitions and mergers, among other major developments, of the global modular kitchen companies. Some of the major key players explored in the report by Expert Market Research are as follows:
- Inter IKEA Systems B.V.
- Hettich Holding GmbH & Co. oHG
- Boston Cabinets, Inc.
- Pedini SpA
- Arclinea Arredamenti S.p.A
- Nobilia GB Ltd.
- Bulthaup GmbH
- eggersmann küchen GmbH & Co. KG
- Hettich India Pvt Ltd.
- SieMatic Möbelwerke GmbH & Co. KG
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