Global Modular kitchen Market Report and Forecast 2023-2028

Global Modular Kitchen Market Report and Forecast 2023-2028

Market Outlook

According to the report by Expert Market Research (EMR), the global modular kitchen market reached a value of USD 31.7 billion in 2022. Aided by the rising trend of smart and space-efficient home decor and an increasing consumer preference for personalised kitchens, the market is projected to further grow at a CAGR of 5.3% between 2023 and 2028 to reach a value of USD 43.21 billion by 2028.

A modular kitchen comprises pre-manufactured modules or cabinet parts that are fitted together to create a functional kitchen. It offers great convenience and functionality due to its flexible design and installation features, making it a popular choice for modern home decor. Key aspects of a modular kitchen include efficient space management, ease of maintenance, and aesthetic appeal, aligning with the growing preference for modern, stylish, and practical home interiors.

The shift towards more personalised, efficient, and space-conscious home decor is driving the global modular kitchen market growth. As consumers become increasingly aware of the advantages of modular kitchens—such as customisability, improved space management, and ease of installation and repair—the demand for these kitchens is on the rise. Additionally, the booming real estate sector and the rise in the construction of residential apartments contribute to the growing popularity of modular kitchens.

The broadening applications of modular kitchens in various residential and commercial sectors also significantly bolster the modular kitchen market demand. In the commercial sector, modular kitchens are ideal for restaurants, cafeterias, and other food-service establishments where efficiency, hygiene, and utilisation of space are of paramount importance. The demand for modular kitchens in the residential sector is also propelled by urbanisation and the trend of compact, modern living spaces, particularly in urban areas.

Furthermore, advancements in technology are leading to the incorporation of smart appliances and IoT in modular kitchens, which has enhanced their functionality and convenience. These smart kitchens are equipped with advanced features such as sensor-guided drawers, integrated lighting systems, and built-in appliances, making them an attractive choice for tech-savvy consumers and boosting the modular kitchen market expansion.

Meanwhile, increasing disposable income and a growing middle-class population, particularly in emerging economies, have resulted in higher expenditure on home decor and improvement. Modular kitchens, with their premium appeal and practical benefits, align well with this trend, thereby contributing to the market's growth.

Moreover, the global modular kitchen industry is also benefiting from the rise in renovation and remodelling activities. Homeowners seeking to upgrade their traditional kitchens to more modern and functional ones often opt for modular kitchens. This trend, coupled with the increased availability of diverse design options and price ranges, is providing a significant impetus to the modular kitchen market.

Market Segmentation

The market can be divided based on product, design, material used, distribution channel, and region.

Market Breakup by Product

• Floor Cabinet
• Wall Cabinet
• Tall Storage

Market Breakup by Design

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

Market Breakup by Material Used

• Lacquer Wood
• High Pressure Laminates
• Wood Veneers
• Melamine
• Metal
• Others

Market Breakup by Distribution Channel

• Online
• Offline

Market Breakup by Region

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Competitive Landscape

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.
• Lineadecor
• 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
• Others

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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.