Magadh Chronicle

Modular Kitchen Market Revenue To Strike $28.54 Billion By 2025 Based on Rising Residential Construction and Growing Consumers’ Purchasing Power | Million Insights

 Breaking News
  • No posts were found

Modular Kitchen Market Revenue To Strike $28.54 Billion By 2025 Based on Rising Residential Construction and Growing Consumers’ Purchasing Power | Million Insights

November 24
15:27 2020
Modular Kitchen Market Revenue To Strike $28.54 Billion By 2025 Based on Rising Residential Construction and Growing Consumers’ Purchasing Power | Million Insights

Million Insights – World’s Fastest Growing Market Research Database
According to a new report available with Million Insights, the global modular kitchen industry research report offers a detailed overview of products, raw materials, distribution channels and global trends. It also offers ready, data-driven answers to several industry-level questions.

The global modular kitchen market size is projected to touch USD 28.54 billion by 2025, according to a new report by Million Insights. The market is estimated to grow at a CAGR of 5.8% from 2019 to 2025. Growing residential construction coupled with increasing consumers’ purchasing power in emerging countries such as India, China and Brazil is attributing to the market growth. Further, increasing trends of nuclear families in emerging countries is also supplementing the market growth.

The L-shaped segment occupied the largest market share with over 55% in 2018. Factors such as convenience and flexibility offered by this design shape are proliferating the segment growth. Also, this shape is considered to be most suitable for compact space.

Tall storage is estimated to grow at the highest CAGR of 6.3% over the forecast years. It has an ability to store commodities in bulk and it offers an aesthetically appealing look. This factor is expected to augment the market growth for this segment.

To download the sample PDF of Modular Kitchen Market Report “please” click here: https://www.millioninsights.com/industry-reports/global-modular-kitchen-market/request-sample 

 

Wood products held the largest market share in 2018 with over 60% of the market share, while fiber/plastic segment is likely to grow at the fastest CAGR over the forecast duration. Plastic features such as water-proof and termite-proof are supplementing the segment growth. Further, plastic is robust and available in different colors at comparatively low cost. 

Europe was the largest market with over 30% of the market share in 2018. Presence of key manufacturers and the growing trend of the nuclear family in countries such as U.K, France and Germany are bolstering the segment growth. Asia Pacific, on the other hand, is estimated to grow fastest over the forecast period. Rising demand from emerging countries such as China, India and Indonesia is driving the regional growth. 

The key player in the modular kitchen market includes Nobia AB, LINEADECOR, Häfele GmbH & Co KG, Bulthaup, Hettich Group, Pedini, Häcker Küchen GmbH & Co. KG and Snaidero Cucine among others. Manufacturers are focusing on strategic initiatives such as merger and acquisition, product innovation and business expansion to garner a larger market share. 

To browse report summary & detailed TOC, “please” click the link below:
https://www.millioninsights.com/industry-reports/global-modular-kitchen-market 

 

Further key findings from the report suggest:

• In 2018, floor cabinet occupied the largest market share of more than 60% in 2018.

• Among different raw materials, the wood product is estimated to hold over 40% of the market share by 2025.

• Online distribution channel is likely to exhibit a CAGR of 6.2% over the forecast period.

• Key player in the market include Nobia AB, LINEADECOR, Häfele GmbH & Co KG, Bulthaup, Hettich Group, Pedini, Häcker Küchen GmbH & Co. KG and Snaidero Cucine among others.

Million Insights has segmented the global modular kitchen market on the basis of design, product, raw material, distribution channel, and region:

Modular Kitchen Design Outlook (Revenue, USD Million, 2015 – 2025)
    • L-Shape
    • U-Shape
    • Parallel
    • Straight
    • Island

Modular Kitchen Product Outlook (Revenue, USD Million, 2015 – 2025)
    • Floor Cabinet
    • Wall Cabinet
    • Tall Storage

Modular Kitchen Raw Material Outlook (Revenue, USD Million, 2015 – 2025)
    • Wood
    • Metal
    • Fiber/Plastic
    • Others

Modular Kitchen Distribution Channel Outlook (Revenue, USD Million, 2015 – 2025)
    • Offline
    • Online

Modular Kitchen Region Outlook (Revenue, USD Million, 2015 – 2025)
    • North America
        • U.S.
    • Europe
        • Germany
        • U.K.
    • Asia Pacific
        • China
        • India
    • Central & South America
        • Brazil
    • Middle East & Africa
        • South Africa

Browse latest market research reports available with Million Insights:

• LPG Market: The global liquefied petroleum gas (LPG) market size was accounted for USD 116.41 billion in 2019. It is also estimated to witness 4.4% CAGR over the forecasted period, 2020 to 2027. 

• Middle East Distribution Transformer Market: The Middle East distribution transformer market size was worth USD 2.68 billion in the year 2014 and is predicted to account for USD 3.60 billion by the end of 2022 due to the rising use of superior grid components. 

About Million Insights

Million Insights, is a distributor of market research reports, published by premium publishers only. We have a comprehensive marketplace that will enable you to compare data points, before you make a purchase. Enabling informed buying is our motto and we strive hard to ensure that our clients get to browse through multiple samples, prior to an investment. Service flexibility & the fastest response time are two pillars, on which our business model is founded. Our market research report store includes in-depth reports, from across various industry verticals, such as healthcare, technology, chemicals, food & beverages, consumer goods, material science & automotive.

Media Contact
Company Name: Million Insights
Contact Person: Ryan Manuel
Email: Send Email
Phone: 91-20-65300184
Address:Office No. 302, 3rd Floor, Manikchand Galleria, Model Colony, Shivaji Nagar
City: Pune
State: Maharashtra
Country: India
Website: https://www.millioninsights.com/industry-reports/global-modular-kitchen-market

Categories