Virtual Kitchen Market 2018 Global Leaders Analysis: Cawdor Stone Gallery, IKEA, LG Electronics, Homer TLC, Clicky Media, Aetna, The Saturn, Microsoft, HTC

Market Research Future published a research report on “Virtual Kitchen Market Research Report - Global Forecast 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Virtual Kitchen Global Market - Overview

Virtual Kitchen concept is another gift from proliferating VR & AI technologies. The concept allows homeowners to design their own kitchen based on their own budgets & aesthetic tastes & to preview the design implementations accordingly. In a nutshell, using Virtual Kitchen concept is the most practical & cost effective method to build a kitchen or even a home for that matter.

Virtual Kitchen, a convergence of technologies like Virtual Reality, Artificial Intelligence & 3-D architectural design software & print etc. that integrates the whole concept into a picture, giving the user an absolutely a real view. It further makes the whole process so easy, fast & most importantly cost-competitive. This is the key factor that drives the growth of Virtual Kitchen today & escalates its market to the global platform.

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Acknowledging the phenomenal accruals the Virtual Kitchen market is garnering globally and the growth prospects the market is demonstrating; Market Research Future (MRFR) recently published a meticulous study report. In its Analysis, MRFR asserts that the Global Virtual Kitchen Market is projected to grow up to USD ~ 3,586 Million by 2023, registering a massive CAGR of ~43 % during 2017 and 2023.

Evidently, burgeoning building & construction sector worldwide, backed by the increasing population, urbanization & improving economic conditions that improve consumers’ standard of living by increasing their affordability, predominantly drives the market growth of Virtual Kitchen. The Proliferation of technologies is another important factor propelling the market growth.
The market players are transpiring substantial investments in the R&D activities to bring novelties in designing software & apps. They strive to develop their portfolios with an array of default kitchen templates along with making the large variety of fixture options available on their websites. This, in turn, paying off well by meeting the consumers’ needs, and design easily, resultantly, fostering the market growth to an extent.

DIY projects is an increasing trend among consumers that largely provides impetus to the market growth.

Key Players:

The prominent players in the global virtual kitchen market are – Microsoft Corporation (U.S), HTC Corporation (Taiwan), IKEA (Netherlands), Samsung Group (South Korea), LG Electronics Inc. (South Korea), Homer TLC, Inc.(U.S), Clicky Media (U.K), The National Kitchen & Bath Association (U.S), Aetna, Inc. (U.S.), Cawdor Stone Gallery (U.K.), The Saturn Corporation (U.S), Micro-Star International (Taiwan) among others.

Segments:

The global virtual kitchen market has been segmented on the basis of component, technology, end users and region.

Global Virtual kitchen Market By Component:

• Hardware
• Software
• Service

Global Virtual kitchen Market By Technology:

• Wi-Fi
• 3D
• Artificial Intelligence
• Others

Global Virtual kitchen Market By End Users:

• Commercial Space
• Residential
• Hospitality
• Others

Global Virtual kitchen Market By Regions:

• North America
• Europe
• APAC
• Rest Of The World

Global Virtual Kitchen Market - Regional Analysis

The regional analysis of virtual kitchen market is being studied for region such as Asia Pacific, North America, Europe and Rest of the World. North America is one of the leading region across the world in terms of market share in virtual kitchen market as it has huge demand due to the artificial intelligence technologies is used in the virtual kitchen. The virtual kitchen market in Europe region is expected to witness rapid growth in the forthcoming period. Whereas, Asia-Pacific countries like China, Japan and India is an emerging market for virtual kitchen market and expected to be the highest CAGR in the coming years as the companies are taking interest in targeting the virtual kitchen in these market to meet the requirement of customers’ need.

Industry/Innovation/ Related News:

April 01, 2018 – Ikea (Switzerland), a leading global market player, letting the whole world know its business strategy mentioned that, to increase its sales the company is looking beyond its physical stores and shoring up its digital business. To increase consumers; online interest and push the brand even further, Ikea, is substantially investing in AR & VR technology apps that can help customers to preview the furniture & other items they wish to choose for their kitchen, avoiding even the required trip to Ikea store.

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Intended Audience

• Virtual kitchen providers
• Professional service providers
• Virtual kitchen providers
• Research and development companies
• Market research and consulting firms
• Solution providers
• Technology standards organizations
• Technology investors
• System Integrators

About Us:

At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.

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This release was published on openPR.