Press release
Modular Kitchen Market 2023- Market Size, Key Drivers, Industry Developments, Share, Future Growth Prospects And Forecast To 2032
As per the modular kitchen market report by The Business Research Company, the rapid growth in the residential construction industry is significantly contributing to the growth of the modular kitchen market. The growing number of real estate projects and the increase in demand for space-saving homes are helping the modular kitchen market grow.
The global modular kitchen market size grew from $22.17 billion in 2022 to $23.04 billion in 2023 at a compound annual growth rate (CAGR) of 3.9%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The modular kitchen market size is expected to grow to $27.34 billion in 2027 at a CAGR of 4.4%.
Read More On The Modular Kitchen Market Report Here:
https://www.thebusinessresearchcompany.com/report/modular-kitchen-global-market-report
Major competitors in the modular kitchen market include Nobilia GB Ltd., Hafele GmbH & Co KG, Hettich Group, IFB Industries, Häcker Küchen GmbH & Co. KG, LINEADECOR, Snaidero Cucine, Bulthaup, Boston Cabinets Inc., Pedini, SieMatic, Spacewood, V3 ENGINEERS, Timbor Home, Godrej and Boyce Mfg., Lispo Total Kitchen Solution, and Meine Kuche.
The modular kitchen market is segmented -
• By Design: L-Shape, U-Shape, Parallel, Straight, Island
• By Product: Floor Cabinet, Wall Cabinet, Tall Storage
• By Raw Material: Lacquered Wood, Wood Sheets and Melamine, Metals, High-Pressure Laminates, Other Raw Materials (Glass, Acrylic)
• By Distribution Channel: Offline (Contractors, Builders), Online
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Europe was the largest region in the modular kitchen market.
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A modular kitchen is also referred to as modern kitchen furniture that consists of a furniture layout with modules of cabinets, which hold kitchen commodities. It facilitates the effective usage of kitchen spaces which are fitted together with symmetry to create whole functional furniture with proper segmentation.
The Table Of Content For The Modular Kitchen Market Include:
1. Executive Summary
2. Modular Kitchen Market Characteristics
3. Modular Kitchen Market Trends And Strategies
4. Modular Kitchen Market - Macro Economic Scenario
5. Modular Kitchen Market Size And Growth
6. Modular Kitchen Market Segmentation
……..
26. Africa Modular Kitchen Market
27. Modular Kitchen Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Modular Kitchen Market
29. Modular Kitchen Market Future Outlook and Potential Analysis
30. Appendix
The "Global Modular Kitchen Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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