Global Modular Kitchen Market Projected to Reach a Value of US$ 28.54 Billion by 2025 with a CAGR of 5% - ResearchAndMarkets.com

The "Modular Kitchen Market, Global Analysis, By Distribution Channels, Design, Products, Region, Company" report has been added to ResearchAndMarkets.com's offering.

The modular kitchen market is projected to reach a value of US$ 28.54 Billion by 2025, expanding at a CAGR of nearly 5% during 2019-2025.

The kitchen has evolved from a closed room to the most open and highly accessible space in the house, used to store all the utensils, electronics, food, spices, and other essential resources and provide easy accessibility. A modular kitchen also provides customers with versatility, as they can quickly be assembled and detached. The modular kitchen market is developed rapidly in the global and more and more people wanted to own a modular kitchen in their houses.

The modular kitchen, referred to as modern design, is made from various materials such as wood, high-pressure laminate, melamine etc. The modular kitchen has a different design, layout, size and is made especially custom-designed, and customers can choose their preference according to requirements and budget.

Global modular kitchen market is driven by rising middle-class population, growing demand for premiumization, decreasing household size, increasing demand for space-saving, the rapid growth of residential construction industry project, surging number of partnerships between real estate's project developers and modular kitchen manufacturers would drive the market. The online distribution channel is also one of the major growth factors of the modular kitchen globally.

Across the globe, people are shifting on online marketing and shopping with the growing internet user base. The online distribution channels have a platform where the people can see and buy kitchen accessories and design as per their choice, need and budget. 25 percent of people are shopping online and expected to increase year on year around the globe.

Besides, increasing the purchasing power of consumers from developed and developing nations, including the United States, India, Europe, China, Thailand, and Brazil, is expected to drive the modular kitchen market. However, the rapid rise in the number of nuclear families on a global level has anticipated encouraging the installation of new modular kitchens. The L-shape and parallel shape design is a popular kitchen design globally. In recent times, among most of the designs, the most popular were wall-cabinet and tall storages cabinet. This type of design is used in both small and large space houses.

The growing day by day global population is propelling the food industry as well as the construction industry. People want convenient food cooking facilities and home appliances/products and technology with size, style, and design. The global people income level and improving living standard is the significant factor propelling the modular kitchen market.

Key Topics Covered:

1. Introduction

2. Research & Methodology

3. Executive Summary

4. Market Dynamic

4.1 Growth Driver

4.1.1 Growing Global construction industry

4.1.2 Increasing population and growing urban population, 68% of the world population projected to live in urban areas by 2050.

4.1.3 Growing Middle Class population

4.2 Challenges

4.3 Opportunities

4.3.1 Increasing Demand for Personalized and Customized Kitchen and Living Rooms

5. Porter's Five Forces Analysis

6. Global Modular Kitchen Market

7. Market Share Analysis

7.1 By Distribution Channels

7.2 By Design

7.3 By Products

7.4 By Regions

8. Products - Global Modular Kitchen Market

8.1 Floor Cabinet

8.2 Wall Cabinet

8.3 Tall Storage

9. Design - Global Modular Kitchen Market

9.1 L-Shape

9.2 U-Shape

9.3 Parallel

9.4 Straight

9.5 Island

10. Distribution Channels - Global Modular Kitchen Market

10.1 Online

10.2 Offline

11. Regions - Global Modular Kitchen Market

11.1 North America

11.1.1 United States

11.2 Asia

11.2.1 India

11.2.2 China

11.3 Europe

11.4 Rest of the World

12. Merger & Acquisitions

13. Company Analysis

13.1 Nobilia GB Ltd

13.1.1 Recent Development/Strategy

13.1.2 Sales

13.2 Hfele GmbH & Co KG

13.2.1 Recent Development/Strategy

13.2.2 Sales

13.3 Hettich Group

13.3.1 Recent Development/Strategy

13.3.2 Sales

13.4 Nobia AB

13.4.1 Recent Development/Strategy

13.4.2 Sales

13.5 IFB Industries

13.5.1 Recent Development/Strategy

13.5.2 Sales

For more information about this report visit https://www.researchandmarkets.com/r/gsha1b

View source version on businesswire.com: https://www.businesswire.com/news/home/20200306005351/en/