Modular Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Modular Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global modular kitchen market size reached US$ 35.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Modular kitchen is a term used for the modern kitchen furniture layout consisting of modules of cabinets made of diversified materials which hold accessories inside and can facilitate the effective usage of the spaces in a kitchen. They can be made from various materials like wood, high pressure laminate, melamine, etc. A modular kitchen can be custom designed and the consumers can choose between the type, design and material according to their taste, requirement and budget.

Global Modular Kitchen Market Drivers:

Modular kitchens come in a number of designs and price ranges that can be customized according to the requirement of a consumer. Depending on the consumer’s budget, taste, available space and personal preferences, modular kitchens can be tailor made. Consumers can color coordinate their kitchens or go for a design that contrasts with the theme of their house. While this allows them to personalize their kitchen, it also helps them work within the limits of their budgets.
Modular kitchens give the user convenience and comfort for the easy usage of the hob, oven and utensils. They also provide ample space for efficient storage of appliances. Modular kitchens are designed in such a way so that they are easy to clean and maintain.
Modular kitchens can be easily assembled by the user as all the modules/parts are prefabricated and only need to be assembled. They are easy to transport for consumers who may often change homes. Modular kitchens are also easy to repair in case of any damage or defect, as only a single unit can be replaced without changing the entire system.
The market is also being driven by a strong growth in the residential construction industry. The global residential construction market was worth over US$ 4 Trillion in 2018 and is expected to exhibit double digit growth rates in the next five years. As a result of rising real estate prices, residential units have become more compact in size. Modular kitchens provide more flexibility and efficient management of space in small houses.

Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global modular kitchen market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, design, material used and distribution channel.

Breakup by Product Type:

Floor Cabinet
Wall Cabinet
Tall Storage

On the basis of product type, the market has been segmented as Floor Cabinet, Wall Cabinet and Tall Storage. Currently, the Floor Cabinet represents the largest segment.

Breakup by Design:

L-Shape
U-Shape
Parallel
Straight
Island
Peninsula

Based on the design/layout, the market has been segmented as L-Shape, Straight, U-Shape, Parallel, Island and Peninsula. Amongst these, L-Shape represents the largest segment.

Breakup by Material Used:

Lacquer Wood
High Pressure Laminates
Wood Veneers
Melamine
Metal
Others (Glass, Acrylic, etc.)

Based on the type of material used, the market has been segmented as Lacquer Wood; High Pressure Laminates; Wood Veneers; Melamine; Metals; and Others (Glass, Acrylic, etc.). Lacquer Wood currently accounts for the largest market share.

Breakup by Distribution Channel:

Online
Offline

Based on the distribution channel, the market has been segmented into online and offline. Amongst these, offline represents the biggest segment.

Regional Insights:

North America
Europe
Asia Pacific
Latin America
Middle East and Africa

Region-wise, the market has been segmented into North America, Europe, Asia Pacific, Latin America, Middle East and Africa. Europe is currently the biggest market.

Competitive Landscape:

The competitive landscape of the market has also been analyzed. Some of the leading players operating in the market are:

Hafele
Lineadecor
Nobia
Pedini
Snaidero

This report provides a deep insight into the global modular kitchen market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter’s five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the modular kitchen market in any manner.

Key Questions Answered in This Report:

How has the global modular kitchen market performed so far and how will it perform in the coming years?
What are the key regional markets in the global modular kitchen industry?
What has been the impact of COVID-19 on the global modular kitchen industry?
What are the major product types in the global modular kitchen industry?
What are the various designs in the global modular kitchen industry?
What are the various materials used in the global modular kitchen industry?
What are the distribution channels in the global modular kitchen industry?
What are the various stages in the value chain of the global modular kitchen industry?
What are the key driving factors and challenges in the global modular kitchen industry?
What is the structure of the global modular kitchen industry and who are the key players?
What is the degree of competition in the global modular kitchen industry?