How Has The Modular Kitchen Market Size Evolved In Recent Years?
The modular kitchen market has seen considerable growth due to a variety of factors.
• Over the past few years, the size of the modular kitchen market has seen consistent growth. The market value, which stood at $23.43 billion in 2024, is projected to reach $24.19 billion in 2025. This implies a compound annual growth rate (CAGR) of 3.2%.
Factors such as evolving lifestyles, urbanization, increased demand for customization, easy installation processes, and heightened environmental consciousness have significantly contributed to the market growth during the historical period.
What Are The Estimated Market Size And Expected Annual Growth Rates For Global Modular Kitchen Market?
The modular kitchen market is expected to maintain its strong growth trajectory in upcoming years.
• The market size of modular kitchens is forecasted to experience substantial expansion in the upcoming years, reaching a valuation of $30.07 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 5.6%.
Advancements in health and hygiene, multifunctionality, modular furniture, the kitchen serving as a social space, and consumer convenience are factors prompting the growth in the predicted period. The prominent trends during the forecast timeframe include intelligent kitchen gadgets, digital visualization, remote surveillance, customization software, and innovative materials.
Which Key Drivers Are Propelling The Modular Kitchen Market's Growth?
The modular kitchen market is expanding due to the swift rise in the residential construction sector. The increase in real estate projects and the burgeoning demand for compact homes are positively impacting the market for modular kitchens. For example, a report released by the Office for National Statistics, a UK government agency, in November 2023 revealed that the construction of new projects in Great Britain reached unprecedented heights in 2022 with an increase of 15.8%, reaching a value of $173.8 million. This rise was propelled by both private sector work valued at $18.4 million and public sector work amounting to $5.3 million. Consequently, the swift expansion in the residential construction sector is fuelling the growth of the modular kitchen market.
What Are The Key Segments Within The Global Modular Kitchen Market?
The modular kitchen market covered in this report is segmented –
1) By Design: L-Shape, U-Shape, Parallel, Straight, Island
2) By Product: Floor Cabinet, Wall Cabinet, Tall Storage
3) By Raw Material: Lacquered Wood, Wood Sheets and Melamine, Metals, High-Pressure Laminates, Other Raw Materials (Glass, Acrylic)
4) By Distribution Channel: Offline (Contractors, Builders), Online
Subsegments:
1) By L-Shape: Standard L-Shape, Compact L-Shape
2) By U-Shape: Traditional U-Shape, Open U-Shape
3) By Parallel: Single Parallel, Double Parallel
4) By Straight: One-Wall Straight, Galley Straight
5) By Island: Fixed Island, Movable Island
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How Are New Trends Impacting The Size Of The Modular Kitchen Market?
Leading companies in the modular kitchen market are producing technologically sophisticated products like luxury kitchen range to cater to the changing tastes of customers who want both utility and aesthetics in their kitchens. The term "luxury kitchen range" usually implies premium kitchen designs that focus on quality, style, and practicality. For example, Panasonic Life Solutions, an Indian tech firm, launched the I-Class Modular Kitchen range in November 2022. The newly introduced I-Class Kitchen range provides a complete solution for homeowners who want to customize their kitchens by blending advanced Japanese technology with the Indian production. This range amalgamates top-grade substances obtained from all over India with groundbreaking technology from Japan, offering features that can be tailored, such as 100% smart storage for optimal use of space, making it the perfect option for those seeking reasonably priced luxury in Indian homes.
Who Are the Key Players in the Modular Kitchen Market?
Major companies operating in the modular kitchen market include:
• Nobilia GB Ltd.
• Hafele GmbH & Co KG
• Hettich Group
• IFB Industries Ltd.
• Häcker Küchen GmbH & Co. KG
• Lineadecor USA LLC
• Snaidero Rino S.p.a
• Bulthaup UK Ltd.
• Boston Cabinets Inc.
• Pedini SPA
• SieMatic USA
• Spacewood Pvt. Ltd.
• V3 Engineers Pvt. Ltd.
• Timbor Home Ltd.
• Godrej and Boyce Mfg
• Lispo Total Kitchen Solution
• Meine Kuche India Pvt. Ltd.
• OPPEIN Home Group Inc.
• IKEA Systems B.V.
• KraftMaid Services India Private Limited
• MasterBrand Cabinets Inc.
• Cliqstudios Cabinets Technologies Private Limited
• Arclinea SPA
• Merillat Industries LLC
• Wood-Mode LLC.
• Regalo Kitchens Private Limited
• Sleek World International Ltd.
• Häfele India Pvt. Ltd.
• Urban Ladder
• Livspace Pte Ltd.
• Nobia AB
• Scavolini SPA
• Poggenpohl Manufacturing GmbH
• Boffi SPA
What are the Regional Insights into the Modular Kitchen Market?
Europe was the largest region in the modular kitchen market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the modular kitchen market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
