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(2023-2028) Modular Kitchen Market Share, Growth Rate, Trends, Top Companies and Business Opportunity

04-20-2023 01:39 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: IMARC Group

Modular Kitchen Market

Modular Kitchen Market

The latest report by IMARC Group, titled "Modular Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028", finds that The global modular kitchen market size reached US$ 35.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.8 Billion by 2028, exhibiting a growth rate (CAGR) of 4% during 2023-2028.

Request Free Sample Report: https://www.imarcgroup.com/modular-kitchen-market/requestsample

Modular Kitchen Market Overview:

The modular kitchen design aims to optimize the kitchen's functionality, storage, and organization while providing an aesthetically pleasing look. A modular kitchen design uses pre-manufactured cabinets and modules made from various materials like wood, laminates, and metals. These modules come in different shapes and sizes and can be easily assembled to fit the available space and meet the user's specific needs. Modular kitchens offer various accessories and customization options, such as drawers, pull-out baskets, corner units, and wall-mounted cabinets, doing cooking and cleaning more efficient and enjoyable.

Top Modular Kitchen Companies Worldwide:

• Hafele
• Lineadecor
• Nobia
• Pedini
• Snaidero

Global Modular Kitchen Market Trends:

The global market is majorly driven by the increasing demand for modern and efficient kitchen solutions. In line with this, the rising number of housing projects and the inflating disposable incomes of individuals significantly contribute to the market. Furthermore, the growing awareness of the benefits of modular kitchens, such as easy installation, flexibility, and customization options, is positively influencing the market.

Apart from this, rapid technological advancements in modular kitchen designs, such as automation, smart appliances, and IoT integration, have improved kitchens' efficiency and functionality, creating a positive outlook for the market. Moreover, the escalating popularity of open-plan living spaces is accelerating the demand for aesthetically pleasing and well-organized kitchens. Additionally, developing eco-friendly materials and energy-efficient appliances in modular kitchens offers lucrative opportunities for market expansion.

Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/modular-kitchen-market

Key Market Segmentation:

Breakup by Product Type:

• Floor Cabinet
• Wall Cabinet
• Tall Storage

Breakup by Design:

• L-Shape
• U-Shape
• Parallel
• Straight
• Island
• Peninsula

Breakup by Material Used:

• Lacquer Wood
• High Pressure Laminates
• Wood Veneers
• Melamine
• Metal
• Others (Glass, Acrylic, etc.)

Breakup by Distribution Channel:

• Online
• Offline

Breakup by Region:

• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800

About Us:

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.

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