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Modular Kitchen Market Report Overview, Industry Top Manufacturers, Size, Growth 2024 - 2033
Modular Kitchen Global Market
Furthermore, the report highlights on emerging trends, significant drivers, challenges, and opportunities, providing all necessary data for thriving in the Modular Kitchen industry. This report on Modular Kitchen market research offers a comprehensive perspective, including an in-depth analysis of the present and future scenarios within the industry.
Market Sizing:
The modular kitchen market size has grown steadily in recent years. It will grow from $22.82 billion in 2023 to $23.63 billion in 2024 at a compound annual growth rate (CAGR) of 3.6%. The growth in the historic period can be attributed to changing lifestyles, urbanization, customization, ease of installation, environmental awareness.
The modular kitchen market size is expected to see steady growth in the next few years. It will grow to $28.31 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth in the forecast period can be attributed to health and hygiene, multifunctionality, modular furniture, kitchen as a social space, consumer convenience. Major trends in the forecast period include smart kitchen appliances, digital visualization, remote monitoring, customization software, innovative materials.
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Key Market Players:
Nobilia GB Ltd., Hafele GmbH & Co KG, Hettich Group, IFB Industries Ltd., Häcker Küchen GmbH & Co. KG, Lineadecor USA LLC, Snaidero Rino S.p.a, Bulthaup UK Ltd., Boston Cabinets Inc., Pedini SPA, SieMatic USA are prominent players in the Modular Kitchen industry.
Market Drivers:
According to the Modular Kitchen Market Report 2023 by The Business Research Company, the key factors driving the growth of the Modular Kitchen market, includes Technological advancement and automation is the key trend being followed by the companies operating in the modular kitchen industry.
More information about the Global Modular Kitchen Market Report -
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Market segments for Modular Kitchen include:
1) By Design: L-Shape, U-Shape, Parallel, Straight, Island
2) By Product: Floor Cabinet, Wall Cabinet, Tall Storage
3) By Raw Material: Lacquered Wood, Wood Sheets and Melamine, Metals, High-Pressure Laminates, Other Raw Materials (Glass, Acrylic)
4) By Distribution Channel: Offline (Contractors, Builders), Online
The report answers the following questions:
What are the primary factors propelling the market during the projected period?
In which region is the most substantial growth expected?
Which trend will take center stage in the upcoming period?
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