Market Size of India Modular Kitchen Industry
Study Period | 2020-2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 4.56 Billion |
Market Size (2029) | USD 13.57 Billion |
CAGR (2024 - 2029) | 24.36 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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India Modular Kitchen Market Analysis
The India Modular Kitchen Market size is estimated at USD 4.56 billion in 2024, and is expected to reach USD 13.57 billion by 2029, growing at a CAGR of 24.36% during the forecast period (2024-2029).
Kitchens are gaining recognition in the home improvement category to augment both its functionality and decor. For homemakers and working professionals, restructuring and remodeling the kitchen with more attractive looks and features has become a trend. The significant share of the modular kitchen market is driven by a rising middle-class population and increasing partnerships between contractors and real estate project developers for designing modular kitchens. Rising nuclear families and a preference for small houses and space-saving ideas are driving the growth of the modular kitchen market.
Over the last few years, the kitchen market in India has witnessed an inclination towards modern designs and comfort. Among Indian consumers, the kitchen is no longer considered a separate unit but a regular space for socializing, relaxation, and imaginativeness. With consumers showcasing an inclination to experiment with design, textures, and adolescent color combinations, manufacturers have been set free to offer consumers world-class products. Consumers are progressively looking at premium plans and features such as magic corners and kitchen island concepts to add more luxury touch to the cooking space.
India Modular Kitchen Industry Segmentation
Modular kitchen designs break down large systems into essential parts to meet various customer needs, replicating flexibility and agility at the installation site. These layouts maximize efficiency and elegantly supplement storage systems by utilizing every nook and corner of the area in context. The study briefly describes the India modular kitchen market and includes details on modular kitchen market size, investment by the manufacturers, and technological innovations in modular kitchens. The India modular kitchen market is segmented by product, by end-user, and by distribution channel. By product, the market is segmented into floor cabinets and wall cabinets, tall storage cabinets, and others. By end user, the market is segmented into residential, and commercial. By distribution channel, the market is segmented into offline which is further segmented into contractors, builders, and others, and by online. The report also covers the market sizes and forecasts for the India modular kitchen market in value (USD) for all the above segments.
By Product | |
Floor Cabinet & Wall Cabinets | |
Tall Storage Cabinets | |
Other Products |
By End-User | |
Residential | |
Commercial |
By Distribution Channel | |
Offline (Contractors, Builders, and Others) | |
Online |
India Modular Kitchen Market Size Summary
The India Modular Kitchen Market is experiencing significant growth, driven by a rising middle-class population and increasing partnerships between contractors and real estate project developers. The market is also influenced by the trend of restructuring and remodeling kitchens to enhance their functionality and aesthetics. Factors such as the growth of nuclear families and a preference for small houses and space-saving ideas are further driving the market. The market has seen a shift towards modern designs and comfort, with the kitchen no longer seen as a separate unit but a space for socializing and relaxation. The willingness of consumers to experiment with design, textures, and color combinations has given manufacturers the freedom to offer world-class products. The expansion of online distribution channels is a significant driver of the India Modular Kitchen Market. These platforms allow customers to design their kitchens according to their preferences, needs, and budgets. The increasing availability of various types of modular kitchens online is leading to more consumers adopting this trend. The residential segment's growing share in the market is another key driver, with rising income levels and improving living standards contributing to the demand for modular kitchens. The industry is fragmented with many small and regional competitors, but strategies such as mergers and acquisitions are being used to expand businesses.
Explore MoreIndia Modular Kitchen Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.2.1 Increasing in expenditure on Kitchen Renovation
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1.3 Market Restraints
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1.3.1 Increase in Price of Wooden material
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1.4 Market Opportunities
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1.4.1 Online sales channels are increasing market reach of Modular kitchen
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1.5 Industry Attractiveness - Porter's Five Forces Analysis
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1.5.1 Bargaining Power of Suppliers
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1.5.2 Bargaining Power of Buyers
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1.5.3 Threat of New Entrants
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1.5.4 Threat of Substitutes
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1.5.5 Intensity of Competitive Rivalry
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1.6 Technological Innovations in India Modular Kitchen Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Product
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2.1.1 Floor Cabinet & Wall Cabinets
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2.1.2 Tall Storage Cabinets
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2.1.3 Other Products
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2.2 By End-User
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2.2.1 Residential
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2.2.2 Commercial
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2.3 By Distribution Channel
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2.3.1 Offline (Contractors, Builders, and Others)
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2.3.2 Online
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India Modular Kitchen Market Size FAQs
How big is the India Modular Kitchen Market?
The India Modular Kitchen Market size is expected to reach USD 4.56 billion in 2024 and grow at a CAGR of 24.36% to reach USD 13.57 billion by 2029.
What is the current India Modular Kitchen Market size?
In 2024, the India Modular Kitchen Market size is expected to reach USD 4.56 billion.