Modular Kitchen Global Market Report | Top Pacemakers (Hafele, Lineadecor, Nobia, etc.), and Crucial Challenges
Modular Kitchen Market Conspectus
A modular kitchen uses modern kitchen furniture and cabinet modules that are made from different materials. These cabinets can store several kitchen accessories and items, which helps in effective optimization of space in the kitchen. The units that are usually placed on the floor are called floor cabinets or floor units. They are usually manufactured from marble, granite, tiles, and wood that are laid in an orderly manner to create space for different storage purposes.
Global Modular Kitchen Market Report demonstrated that Modular Kitchen market is poised to present surging growth during the predicted period from USD 5,863 million in 2019 to reach USD 9,171 million by 2026 with a CAGR of 6.6%.
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Major Participators Landscape
The global modular kitchen market is a highly fragmented, niche market with the presence of a massive number of vendors. Providers in the market compete based on pricing, innovation, service, reputation, distribution, and promotion. As the market is still in its development stage, small vendors with innovative solutions have the chances of being acquired by large players in the market.
Various market pacemakers covered in the report are Hafele, Lineadecor, Nobia, Pedini, Snaidero, Boston Cabinets, Hcker Kchen, Bulthaup, SieMatic, Hettich, Poggenpohl, and etc. With the growing demand, manufacturers are also focusing on customizing their products to suit the needs of end users in various regions. For instance, modular kitchen manufacturers in India are offering products with spice racks and special trolleys for grains.
Market Dynamics Abstract
Ø High demand for convenient and customized kitchens with a wide design variety
With the changes in lifestyle and consumer preferences, the demand for organized facilities and kitchens is increasing, as this will increase the convenience of cooking. Modular kitchens can not only be designed and customized to meet users' requirements. It also provides convenience and higher accessibility for kitchen tools.
Ø Efficient space management, and ease of assembling
In a traditional kitchen, the user cannot access the corners of the kitchen due to their reduced depth. A modular kitchen eliminates such issues, converting the corners into a functional space. Cutlery is placed in special trays in the form of drawers. The use of such kitchens has triggered a demand for steam ovens, barbeques, and other electronic appliances. Furthermore, this kitchen type is particularly suited for busy individuals who seek convenience, ease, and speed while working in the kitchen.
Ø Growth in residential construction activities
In the past few years, the construction industry has been growing exponentially. Developing economies have strongly observed this trend. However, with the rise of real estate prices in cities and the decrease of family size in many parts of the world, the size of residential units has begun to become more compact. Homeowners living in their properties are increasingly involved in renovation and reconstruction projects. As modular kitchens enter families, modular kitchens are expected to become the mainstream choice of kitchen space over the forecast period.
Market Challenges Abstract
Ø Market fragmentation, and challenge from local carpenters
Market Trends Abstract
Ø The growing popularity of open modular kitchens
Consumer preference is turning to open kitchens, which are connected to living spaces. The open kitchen is regarded as a living space, including a living room, library, gathering area, and entertainment area. These spaces are fully equipped with electronic equipment, such as coffee makers, ice makers and other equipment that can reduce cooking time. The supplier is also committed to providing environment-friendly and antibacterial kitchens, which have advanced functions and require minimal furniture. The popularity of open modular kitchens will increase in the next few years, which will be one of the major trends in the modular kitchen market in the next few years.
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Modular Kitchen Type Abstract
On the basis of the type, the Modular Kitchen can be bifurcated into Artificial Stone Modular Kitchen, Natural Stone Modular Kitchen, Fire Resistance board Modular Kitchen, Stainless Steel Modular Kitchen, and Others.
Modular Kitchen Application Abstract
The Modular Kitchen is widely used in Hotel, Household, Restaurant, and Others.
Key Regions Overview
Major countries of North America, Europe, Asia Pacific, and the rest of the world are all exhaustive analyzed in the report. Apart from this, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
In the region-wise outlook, the global modular kitchen market is categorized into North America, Asia-Pacific, Europe, Latin America, and the Middle East & Africa. Asia-Pacific is currently the biggest market, possessing a market share of 35% in 2018. In terms of countries, India being the fastest growing economy is undergoing remarkable and rapid changes. The market space is very expanse, and there will be more investment in India.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Modular Kitchen Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Modular Kitchen Market by Types
4 Segmentation of Modular Kitchen Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Modular Kitchen Market in Major Countries
7 North America Modular Kitchen Landscape Analysis
8 Europe Modular Kitchen Landscape Analysis
9 Asia Pacific Modular Kitchen Landscape Analysis
10 Latin America, Middle East & Africa Modular Kitchen Landscape Analysis
11 Major Players Profile
11.1 Hafele
11.1.1 Hafele Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Lineadecor
11.3 Nobia
11.4 Pedini
11.5 Snaidero
11.6 Boston Cabinets
11.7 Hcker Kchen
11.8 Bulthaup
11.9 SieMatic
11.10 Hettich
11.11 Poggenpohl
…
Target Audience:
• Component suppliers
• Modular Kitchen industry associations
• Product managers, Modular Kitchen industry administrator, C-level executives of the industries
• Market Research and consulting firms
• Small and Medium-sized Enterprises (SMEs)
• Analysts and strategic business planners
• Government agencies and NGOs
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