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Modular Kitchen Global Market to Reach $24.19 billion in 2025: Changing Lifestyles and Urbanization Driving Growth
Modular Kitchen Global Market
What Is The Projected Market Size Of The Global Modular Kitchen Global Market Report 2025 And Its Growth Rate?
• The modular kitchen market size has seen consistent growth in recent years from $23.43 billion in 2024 to an anticipated $24.19 billion in 2025 at a CAGR of 3.2%. This can be attributed to factors such as changing lifestyles, urbanization, customization, ease of installation, and environmental awareness.
• This growth trajectory is expected to continue with projections pointing to a size of $30.07 billion in 2029 at a compound annual growth rate (CAGR) of 5.6%. The forecasted growth can be credited to trends in health and hygiene, multifunctionality, modular furniture, kitchen as a social space, and consumer convenience.
What Is Driving The Growth In The Modular Kitchen Global Market Report 2025?
Significant impetus for growth in the modular kitchen market can be traced back to the rapidly growing residential construction industry. Increasing real estate projects and a rising demand for space-saving homes are creating an emerging market for modular kitchens. An example of this trend can be seen in the November 2023 report published by the Office for National Statistics. This UK-based government agency documented that the value of new construction work in current prices in Great Britain in 2022 increased by 15.8% to a record $173.8 million. Both private and public sector work contributed to this figure, growing the market by $18.4 million and $5.3 million respectively. This underscores the crucial role of the swiftly growing residential construction industry in driving the expansion of the modular kitchen market.
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Who Are the Key Players Driving Modular Kitchen Global Market Report 2025 Growth?
Key contributors to the modular kitchen market include:
• 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
• And others
What Are The Key Trends In The Modular Kitchen Global Market Report 2025?
Key trends contributing to the future growth of the modular kitchen market are:
• Smart kitchen appliances
• Digital visualization
• Remote monitoring
• Customization software
• Innovative materials
What Are The Segments Of The Global Modular Kitchen Global Market Report 2025?
The market is segmented based on:
1) Design: L-Shape, U-Shape, Parallel, Straight, Island
2) Product: Floor Cabinet, Wall Cabinet, Tall Storage
3) Raw Material: Lacquered Wood, Wood Sheets and Melamine, Metals, High-Pressure Laminates, Other Raw Materials(Glass, Acrylic)
4) Distribution Channel: Offline (Contractors, Builders), Online
Which Region Leads The Modular Kitchen Global Market Report 2025?
The market report shows that Europe was the largest region in the modular kitchen market in 2024, with Asia-Pacific expected to be the fastest-growing region in the forecast period. Other regions analyzed in the modular kitchen market report include Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Modular Kitchen Global Market Report 2025 Global Market Report?
- Market Size Analysis: Analyze the Modular Kitchen Global Market Report 2025 size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Modular Kitchen Global Market Report 2025 for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Modular Kitchen Global Market Report 2025 growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Modular Kitchen Global Market Report 2025.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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