Global Modular Kitchen Market will be US$ 28.6 Billion by 2027

In recent years, global phenomena have changed about Kitchen, as this reflects style and personality. Around the globe, the most common grievance everyone has about kitchens doesn’t have enough space and to overcome these types of grievances, key players play a crucial role and have Modular kitchens in the houses. The kitchen is probably the warmest part of every home. Worldwide, with shrinking homes and surging modernization, modular kitchen have become basic necessity of every house nowadays. The kind of space available would play a significant role in determining the types of modular kitchen. We have studied the most common types of the modular kitchen like L-shaped, straights, U-shaped, parallel, Island. This type of design differs in the global context as customers choose their preferences as per their budgets and requirements. As per our research, The Global Modular Kitchen Market will be US$ 28.6 Billion by 2027.

Globally, L- shape and parallel shape design is a popular kitchen among consumers. Further, the most popular products are tall storages cabinet and wall-cabinet, which can be used in small and large space houses. Modular kitchens integrate convenience, proficient use of space, and allow for less time-consuming tasks. Besides, in recent times, developing countries India, China, Thailand, and Brazil’s purchasing power have surged with developed countries that tend to give lucrative opportunities in the global modular kitchen market. According to Renub Research, Global Modular Kitchen Industry will grow at a healthy CAGR of 4.73% during 2020-2027.

In addition, around the globe, the online distribution channel is playing a vital role in the growth of the modular kitchen market. The factor driving this market is a growing number of partnerships between real estate’s project developers and modular kitchen manufacturers, rising middle-class population, declining household square feet size, and global surge in the residential construction industry project. It also has one major advantage over the traditional kitchen of having flexible features such as replacing single units instead of the entire system in case of repairing. The World over the Market for Modular Kitchen was worth US$ 20.7 Billion in 2020.

COVID-19 impact on Modular Kitchen Industry

The ongoing COVID-19 pandemic has seen inconsistent growth in this industry. As such, we have seen a decline in the products like furniture fixtures, home and kitchen décor. We expect that the nature of this decline is temporary and its market will grow during the forecast period. Globally, the modular kitchen market is a combination of international and regional players. Players are strategically involved in increasing the business through merger and acquisitions. We have covered key players like Nobilia GB Ltd, Häfele GmbH & Co KG, Hettich Group, Nobia AB, and IFB Industries.

Renub Research report titled “Modular Kitchen Market, Global Forecast, 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 Industry.

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Products – Market breakup from 3 viewpoints

• Floor Cabinet
• Wall Cabinet
• Tall Storage

Design – Market breakup from 5 viewpoints

• L-Shape
• U-Shape
• Parallel
• Straight
• Island

Distribution Channels – Market breakup from 2 viewpoints

• Online
• Offline

Regions – Market breakup from 7 viewpoints

• North America
• United States
• Asia
• India
• China
• Europe
• Rest of the World

All companies have been covered from 3 viewpoints

• Overviews
• Recent Developments
• Sales

Company Analysis

• Nobilia GB Ltd
• Häfele GmbH & Co KG
• Hettich Group
• Nobia AB
• IFB Industries

About the Company:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. Our wide clientele comprises major players in Healthcare, Travel and Tourism, Food & Beverages, Power & Energy, Information Technology, Telecom & Internet, Chemical, Logistics & Automotive, Consumer Goods & Retail, Building and Construction, & Agriculture. Our clients rely on our market analysis and data to make informed knowledgeable decisions. We are regarded as one of the best providers of knowledge. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

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Modular Kitchen Market Will be US$ 28.54 Billion by 2025

Renub Research report titled “Modular Kitchen Market, Global Analysis, By Distribution Channels (Online, Offline), Design, Products, Region, Company, Porter’s Five Forces” provides a complete analysis.

The global modular kitchen market is growing due to increasing activity in the new real estate construction industry, growing urban population around the world; it is projected that almost 68 percent of people will live in urban areas by the year 2050. According to Renub Research analysis, modular kitchen market is forecasted to reach US$ 28.54 Billion by the year 2025.

Modular Kitchens are trending worldwide as they are practical, stylish, manageable as well as technical. These kitchens also have better lit and ventilation than traditional kitchens. Modular kitchens are practical, manageable, stylish, and technical as compared to traditional kitchens.

A modular kitchen is a compelling blend of technology and art to maximize every inch of the precious space available. It provides excellent storage in limited space and makes the kitchen look all-the-more appealing. Whatever be the size of the kitchen, with the installation of a modular setup, a hassle-free and the most convenient ever kitchen is experienced by family members.

The market of modular kitchen is expanding through the online and offline channels, but currently, offline channels are dominating the market. The growing middle class is also propelling the global modular kitchen market, with rising income levels and improving living standards. The following properties of Modular Kitchen make them perfect choice over the traditional kitchen.

COVID-19 Impact on Modular Kitchen Market

Many industries such as home decoration, renovation have been affected due to COVID-19 outbreak; modular kitchen market is also one of them. During this pandemic, people could not avail non-essential products and services as most of the countries are in lockdown and services related to construction, renovation and decoration have been stopped. But the modular market is expected to boom after the pandemic as all family member are spending time in homes and helping in household work just like cooking, cleaning, etc. As the importance of kitchen has grown significantly, people are becoming aware of the difficulties in using traditional kitchens and facilities in modular kitchen, and this will act as the growth driver for modular kitchen market after this pandemic is over.

Custom Designs are available for Modular Kitchen Market

Modular kitchens are customizable and designed to match the wishes of every house regardless of its size. These types of the kitchen can be used in L-Shape, U-Shape, Parallel, Straight, Island. L-Shape and U-Shape layouts.

Modular Kitchen is Easy to Assemble

These kitchens can be easily disassembled and reassemble without any hassle in a shorter period, whenever needed by the owner, which makes the task of renter and shifter much easier.

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Lesser Space required for Modular Kitchen

One of the primary advantages of the modular kitchen they take much less space than the conventional kitchen. With added pullout drawers, spacious cabinets, and modular shelves, optimum use of space can be achieved, which gives a sophisticated and clutter-free look to the kitchen.

Market Summary:

By Distribution Channels: Online and Offline distribution channels are covered in this research report.

By Design: This research report covered the modular kitchen market by 5 designs, such as L-Shape, U-Shape, Parallel, Straight, and Island.

By Products: The global modular kitchen market is covered through all 3 types of designs like Floor Cabinet, Wall Cabinet, and Tall Storage.

By Regions: This research report gives details of the modular kitchen market for North America, Asia, Europe, and the Rest of the World.

By Company: The top competitive key players of the modular kitchen market are Nobilia GB Ltd, Häfele GmbH & Co KG, Hettich Group, Nobia AB, and IFB Industries. This report also provides various information related to companies like overview, sales analysis and milestone achieved, etc.

About Us:

Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys, and Consulting. We provide a wide range of business research solutions that helps companies in making better business decisions. Our clients rely on our market analysis and data to make informed knowledgeable decisions. Our pertinent analysis helps consultants, bankers and executives to make informed and correct decisions.

Contact Us

Renub Research
Phone: +1-678-302-0700
Email: info@renub.com
Website: www.renub.com
Follow us on LinkedIn: www.linkedin.com/company/renub-research