Modular Kitchen Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

Modular Kitchen Market Analysis

The Modular Kitchen Market is valued at USD 42.5 Billion currently and is expected to grow at a CAGR of 4.5% during the forecasted period.

When the COVID-19 pandemic broke out, it caused factories to close, messed up supply chains, and put limits on transportation, all of which hurt several manufacturing industries. Due to the lockdown, sales at the market went down over the past few years because stores closed and customers had less access. But in the years after the pandemic, the market grew because more people worked from home and people had more money to spend. This led to an increased demand for furnishings and renovations.

The modular kitchen market is driven by a growing middle-class population, an increase in the number of housing units, a decrease in the size of households, a growing demand for premiumization, changing customer tastes, and more partnerships between contractors and real estate project developers for designing modular kitchens. As the number of nuclear families grows, the preference for small houses and space-saving ideas are giving growth to the modular kitchen market. The modular kitchen gives customers a lot of ways to customize it, like the fact that it can be put together and taken apart quickly. In India, for example, modular kitchen makers offer kitchens with spice columns and places to store grains.

Open kitchens that are attached to living spaces are gaining popularity among contemporary houses. These kitchens provide space for living areas, parties, dining, entertainment, etc. Customers prefer light colors and charcoal grays, along with a splash of red in the kitchens. Consumers are also opting for eco-friendly materials in kitchen cabinets, such as recycled plastic, granules, and enamel stones. The increasing purchasing power of buyers from developed and developing nations such as the United States, China, Brazil, and India is expected to drive the modular kitchen market. The majority of people are shifting to online channels, and the number of internet users worldwide is growing.

Modular Kitchen Industry Segmentation

A modular kitchen is a modern kitchen where the furniture is made up of separate pieces or modules. They are made up of small pieces or modules that fit together to make a whole kitchen. They have standard-sized cabinets or storage units that are changed to fit the size and layout of the kitchen. A complete background analysis of the market is covered in the report, including a market overview, emerging trends by segments, drivers, significant changes in market dynamics, and a competitive landscape. The Modular Kitchen Market is segmented by Design (L Shape, U Shape, Parallel, Straight, Island, Other Designs), by Product (Floor Cabinet, Wall Cabinet, Tall Storage Cabinets), by Distribution Channel (Online and Offline), and by Geography (North America, Europe, Asia-Pacific, South America, and Middle-East and Africa). The report offers Market size and forecasts for Modular Kitchen Market in terms of transaction volume and/or revenue (USD Billion) for all the above segments.

Report scope can be customized per your requirements. Click here.

Modular Kitchen Market Trends

L-shaped Designs are Widely Adopted in the Modular Kitchen Markets

To understand key trends, Download Sample Report