Modular Kitchen Market Will Generate Record Revenue by 2030

The global modular kitchen market is anticipated to grow at a CAGR of 5.1% during the forecast period. The increase in the population and the rising disposable income of consumers in developing countries such as China, India, and other countries have increased the purchasing power of consumers, thus encouraging population to spend more on products that provide convenience and comfort. Rapid growth in the residential construction industry and changes in lifestyle patterns of consumers from living in a joint family to a nuclear family are the major factors that boost the growth of the modular kitchen market. The modular kitchen provides convenient and efficient storage for essential kitchen commodities and is space-saving, due to its features consumers are adopting modular kitchens. 

Further, market key players are expanding their footprints to offer their products and services to more consumers and to stay competitive in the market. For instance, in March 2021, Livspace Pte Ltd. expanded into four new cities including Kolkata, Ahmedabad, Jaipur, and Kochi offering its modular solutions in the new markets. The company has also opened Experience Centres (ECs) spanning 1,500 sq. ft. each in prime locations in all four cities to provide experience to homeowners. Furthermore, the company is planning to expand its business in 30 Indian cities including markets such as Mysore, Lucknow, Mangalore, and Surat to cater to the demand. 

Moreover, in November 2022, Ultrafresh Modular Solutions Ltd., an independent subsidiary of TTK Prestige Ltd. launched its first studio at Keelkattalai in Chennai. The studio is developed under the company’s ‘One-Stop-Shop’ format. The studio is spread across around 665 square feet, it is the company’s first franchise retail outlet in Chennai offering a range of modular kitchens, wardrobes, and display units. The studio offers Ultrafresh’s product range as well as TTK Prestige’s kitchen appliances, giving customers a wider variety to customize and design their kitchens.

To Request a Sample of our Report on Modular Kitchen Market:  https://www.omrglobal.com/request-sample/modular-kitchen-market

Market Coverage

• The market number available for – 2023-2030
• Base year- 2023
• Forecast period- 2024-2031

Segment Covered- 

• By Design
• By Product Type
• By Raw Material

Regions Covered-

• North America
• Europe
• Asia-Pacific
• Rest of the World
• Competitive Landscape- including Alea Modular Kitchen, Bulthaup GmbH & Co. KG, EASYLIFE KITCHENS, Godrej & Boyce Manufacturing Co. Ltd., and others 

Modular Kitchen Market Report Segment

By Design

• L Shape
• U Shape
• Parallel
• Straight
• Island
• Others 

By Product Type 

• Floor Cabinet
• Wall Cabinet
• Tall Storage Cabinets

By Raw Material  

• Wood
• Metal
• Others 

A full Report of Modular Kitchen Market is Available @  https://www.omrglobal.com/industry-reports/modular-kitchen-market

Modular Kitchen Market Report Segment by Region

North America 

• United States
• Canada

Europe

• UK
• Germany
• Spain
• France
• Italy
• Rest of Europe

Asia-Pacific

• India
• China
• Japan
• South Korea
• Rest of APAC

Rest of the World

• Latin America
• Middle East and Africa 

Company Profiles 

• Alea Modular Kitchen
• Bulthaup GmbH & Co. KG
• EASYLIFE KITCHENS
• Godrej & Boyce Manufacturing Co. Ltd.
• Hackers Küchen GmbH & Co. KG
• Häfele GmbH & Co KG
• Hettich Holding GmbH & Co. KG
• IFB Industries Ltd.
• IKEA Systems B.V.
• Kohler Co
• LINEADECOR
• Lukwood Kitchen
• Nexus Interio Pvt. Ltd.
• Nobia AB
• Nobilia GB Ltd.
• PEDINI S.p.A
• SieMatic Möbelwerke GmbH & Co. KG
• Sleek International Pvt Ltd. (A subsidiary of Asian Paints)
• Snaidero Rino Spa
• Wudley Modulars Pvt. Ltd.

Reasons to buy from us –

1. We cover more than 15 major industries, further segmented into more than 90 sectors.
2. More than 120 countries are for analysis.
3. Over 100+ paid data sources mined for investigation.
4. Our expert research analysts answer all your questions before and after purchasing your report.

For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/modular-kitchen-market

About Orion Market Research 

Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.

Media Contact:

Company Name: Orion Market Research

Contact Person: Mr. Anurag Tiwari

Email: info@omrglobal.com

Contact no:  +91 7803040404

Article source: https://article-realm.com/article/Business/56742-Modular-Kitchen-Market-Will-Generate-Record-Revenue-by-2030.html