Title: Global Modular Kitchen Market Analysis By Top Key Players Hafele, Lineadecor, Nobia, Pedini and Snaidero
1 Growth of Global Modular Kitchen Market
Driven by Efficient Space Management
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2About IMARC Group
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3Report Description and Highlights
Report Description
Growth of Global Modular Kitchen Market Driven
by Efficient Space Management The global
modular kitchen market has witnessed a positive
growth over the past few years. This can be
attributed to the growing construction and
renovation projects coupled with the introduction
of innovative modular kitchens with advanced
features. The latest report by IMARC Group,
titled Modular Kitchen Market Global Industry
Trends, Share, Size, Growth, Opportunity and
Forecast 2018-2023, finds that the global
modular kitchen market reached a value of US
30 Billion in 2017. Modular kitchen refers to a
modern furniture layout which facilitates
effective usage of space in a kitchen through the
usage of modular cabinets. They use the available
space to store and provide easy accessibility to
all the utensils, electronics, groceries, spices
and other necessary commodities. Modular kitchens
also offer flexibility to the consumers as they
can be easily assembled and dismantled. In recent
times, due to decreasing household sizes, there
has been a huge demand for organized facilities
and modular kitchens which focus majorly on space
utilization, convenience and utility value.
4Report Description and Highlights
Report Description
Global Modular Kitchen Market Trends With the
increasing population and growing urban property
rates, residential units have become more compact
in size. Owing to this, the users are opting for
modular kitchens so as to enhance their
convenience and manage the space optimally. Apart
from this, due to the inflating income levels and
improving standards of living, there has been a
significant rise in construction and renovation
activities. Moreover, the manufacturers are
focusing on customized kitchens which are
designed and customized according to the
individual needs and requirements of the
consumers. For instance, in India, the
manufacturers are offering products with special
spice racks and trolleys for grains. Similarly,
in Japan the manufacturers have come up with
innovative space saving kitchens for small areas
which conceal a unit composed of sink, counters
and stoves. In addition, these vendors are
introducing eco-friendly variants which employ
green materials such as recycled plastic granules
and acrylic stone. Looking forward, the market is
projected to reach a value of US 40 Billion by
2023, expanding at a CAGR of around 5 during
2018-2023. Read more here https//www.imarcgrou
p.com/modular-kitchen-market
5Report Description and Highlights
Report Description
-
- Global Modular Kitchen Market Summary
- Based on product type, the market has been
segmented as floor cabinet, wall cabinet and tall
storage. Currently, the floor cabinet segment
dominates the market, holding the largest share. - On the basis of design, L-shape design represents
the most popular segment. It is followed by
straight, U-shape, parallel, island and peninsula
designs. - Based on material, the report finds that lacquer
wood currently accounts for the majority of the
global share. It is followed by high pressure
laminates wood veneers and melamine metals and
others (glass, acrylic, etc.). - On the basis of distribution channel, the market
has been segregated into offline and online
stores. Amongst these, offline stores are the
leading distribution channel, holding the biggest
market share. - Region-wise, Europe leads the global modular
kitchen market, accounting for the majority of
the overall market share. Other major regions
include North America, Latin America, Asia
Pacific, and Middle East and Africa. - The competitive landscape of the market has also
been examined with some of the key players being
Hafele, Lineadecor, Nobia, Pedini and Snaidero. - Want more information about this market? Request
a free report sample - https//www.imarcgroup.com/request?typereportid
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6Report Description and Highlights
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7Report Description and Highlights
Report Description
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