Press release
Kitchen Cabinet Market Competition Landscape, Market Drivers and Trends, Opportunities and Challenges, 2018-2025
Kitchen Furniture production enterprises are much less concentrated than in other industries and most of these are small and medium-sized. As a result of the low industry concentration, there are hardly any brands with strong influence in the market. However, after years of competition, a number of branded enterprises of a certain scale and possessing considerable strength have emerged. In South Korea domestic market, Hanssem takes the largest share of Kitchen Furniture for many years based on its strong sales channel.
Today, Kitchen furniture brands are no longer fighting for first-tier cities but are gradually shifting their focus to the furniture market in second- and third-tier cities. New construction and Kitchen remodeling has also spurred the growth of home marts in second- and third-tier cities. Besides, the market for Kitchen furniture marts and brands is almost saturated in first-tier cities. While the economic and consumption scale is smaller in second- and third-tier cities, the market offers more room for development. So tapping into the medium- and low-end market will become a key marketing strategy.
The global Kitchen Cabinet market was xx million US$ in 2017 and is expected to xx million US$ by the end of 2025, growing at a CAGR of xx% between 2018 and 2025.
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Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth Rate of Kitchen Cabinet in these regions, from 2013 to 2025, covering
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil etc.)
Middle East and Africa (Egypt and GCC Countries)
The various contributors involved in the value chain of the product include manufacturers, suppliers, distributors, intermediaries, and customers. The key manufacturers in this market include
Hanssem
LIXIL Sunwave
Takara Standard
Cleanup Corporation
By the product type, the market is primarily split into
Luxury segment (kitchens with prices of over USD 7,500)
Upper-end market (kitchens with prices of between USD 5,000 and USD 7,500)
Upper-middle price segment (kitchens priced between USD 3000 and USD 5,000)
Middle price segment (kitchens priced between USD 2000 and USD 3000)
By the end users/application, this report covers the following segments
Residential
Restaurants
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