The modular kitchen market is growing at a rapid pace; according to the Renub Research analysis, Global Modular Kitchen Market is forecasted to be US$ 28.54 billion by the end of the year 2025. Modular kitchen designs provide easy and effective storage in the available space for the necessary kitchen items such as appliances, utensils, and groceries. Major drivers for this demand are rapid growth of the residential construction sector; growth in the living standard of the middle-class population, growing demand for space-saving, effective storage that optimizes the use of small spaces is expected to fuel demand for the product.
The growing number of nuclear families worldwide has fuelled demand for practical space-saving furnishings. Growing concerns about sanitation and the use of multiple devices drive market growth in developing countries like India, Brazil and China. In addition, the growing number of integrated retail chains in these countries is raising awareness of the brand in these regions.
Customer Changing Preferences
Consumers have deviated from the traditional all-white kitchen interiors over the past few years to neither to light nor too dark colours. Charcoal grey, champagne, and cream colours have gained considerable popularity in contemporary homes. Even the customers add the red colour to improve the kitchen look. The open kitchen has gained remarkable popularity among households, as customers prefer two-tone cabinet shutters and free countertops joined together. Owing to its clutter-free and subtle colour palette, demand for European style items is experiencing a considerable rise in Asian countries.
Types of Material Used in Modular Kitchen
Wood is extensively used in kitchen cabinets, and that can be varnished or painted in various shades according to the requirements of the consumers. It gives the pantry a natural look because of the wood surface textures which blend with most interior designs. Plastic sheets have gained considerable popularity over the past few years, as the material is solid, waterproof, termite-proof, and oil-proof. These sheets are extremely solid, made of composites made of plastic and available in various colours. Furthermore, compared to other materials, this type of material is more economical, since it is simple to mount. Thus, the material is expected to witness a steady increase in demand in the near future, particularly among the middle-class population.
The market of modular kitchen is expanding through the online and offline channels, but currently, offline channels are dominating the market. The growing middle class is also propelling the global modular kitchen market, with rising income levels and improving living standards. The following properties of Modular Kitchen make them perfect choice over the traditional kitchen.
COVID-19 Impact on Modular Kitchen Market
Many industries such as home decoration, renovation have been affected due to COVID-19 outbreak; modular kitchen market is also one of them. During this pandemic, people could not avail non-essential products and services as most of the countries are in lockdown and services related to construction, renovation and decoration have been stopped. But the modular market is expected to boom after the pandemic as all family member are spending time in homes and helping in household work just like cooking, cleaning, etc. As the importance of kitchen has grown significantly, people are becoming aware of the difficulties in using traditional kitchens and facilities in modular kitchen, and this will act as the growth driver for modular kitchen market after this pandemic is over.
Custom Designs are available for Modular Kitchen Market
Modular kitchens are customizable and designed to match the wishes of every house regardless of its size. These types of the kitchen can be used in L-Shape, U-Shape, Parallel, Straight, Island. L-Shape and U-Shape layouts.
Modular Kitchen is Easy to Assemble
These kitchens can be easily disassembled and reassemble without any hassle in a shorter period, whenever needed by the owner, which makes the task of renter and shifter much easier.
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Lesser Space required for Modular Kitchen
One of the primary advantages of the modular kitchen they take much less space than the conventional kitchen. With added pullout drawers, spacious cabinets, and modular shelves, optimum use of space can be achieved, which gives a sophisticated and clutter-free look to the kitchen.
Market Summary:
By Distribution Channels: Online and Offline distribution channels are covered in this research report.
By Design: This research report covered the modular kitchen market by 5 designs, such as L-Shape, U-Shape, Parallel, Straight, and Island.
By Products: The global modular kitchen market is covered through all 3 types of designs like Floor Cabinet, Wall Cabinet, and Tall Storage.
By Regions: This research report gives details of the modular kitchen market for North America, Asia, Europe, and the Rest of the World.
By Company: The top competitive key players of the modular kitchen market are Nobilia GB Ltd, Häfele GmbH & Co KG, Hettich Group, Nobia AB, and IFB Industries. This report also provides various information related to companies like overview, sales analysis and milestone achieved, etc.
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