DALLAS , Oct. 10, 2022 /PRNewswire/ -- Data Bridge Market research has newly released expansive study titled "Global Modular Kitchen Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Global Modular Kitchen market report through its market research helps improve and modify products so that the necessary changes to the future products can be made and more satisfaction is presented to the valuable customers. This market research analysis will provide productive ideas for the product to make more effective and impressive in the competitive market. Such report is very influential when businesses seek to get the answers to solve business challenges more quickly. Modular Kitchen market research report not only save hours of time, but also add credibility to the work done, whether it is about refining the business plan, preparing a presentation for an important client, or making recommendations to an executive.
Data Bridge Market Research analyses that the modular kitchen market is expected to reach the value of USD 6,512,875.32 thousand by the year 2029, at a CAGR of 5.3% during the forecast period. "Residential" accounts for the most prominent application segment in the respective market owing to the rise in modular kitchens. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.
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A modular kitchen is defined as a modern kitchen with furniture that has been constructed in modules or units. The name modular kitchen originates from the idea of the module. They consist of small sections or modules which are accumulated together to form a complete kitchen. They comprise of cabinets or storage units of standard sizes customized as per the kitchen sizes and layout. Modular kitchen designs break down large systems into essential parts to meet various customer needs, replicating flexibility and agility. They are usually a combination of wall units and base units.
Modular kitchen advances over the traditional kitchen in terms of hygiene, space management, cost-efficiency, and easy and low maintenance. The biggest advantage of modular kitchens is that they can be assembled and reassembled. They allow an efficient workflow even in very compact spaces. Modular kitchens are popular today because of their sleek and smooth finishes. They are light on the eyes as they are designed with fine and clean edges. The cabinets and other accessories are available in different styles, colors, and patterns.
Some of the major players operating in the Modular Kitchen market are
Hettich Holding GmbH & Co. oHG,
Bulthaup GmbH & Co KG,
Sleek International Pvt Ltd. (A subsidiary of Asian Paints),
SieMatic Möbelwerke GmbH & Co. KG,
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In April 2022 , Nobia introduced the first group-wide design concept Nordic Nature, inspired by the Nordic forests. This was launched by Marbodal (Sweden ), Sigdal (Norway ), and A'la Carte (Finland ) in 2021 and this year by HTH and Invita (Denmark ), and Magnet (UK). This development will help the company to increase its sales
In May 2021 , Hettich Holding GmbH & Co. oHG won the prestigious iF Design Award in the Kitchen category. The jury awarded the prize to the slimline AvoriTech drawer system. The AvoriTech drawer system, with its slimline 8 mm drawer side profile and rear panel, offers aesthetic appeal and exclusive materials quality. These awards will help the gain to increase its brand recognition among consumers
The investment made in the study would provide you access to information such as:
Modular Kitchen Market [Global – Broken-down into regions]
Regional level split [North America , Europe , Asia Pacific , South America , Middle East & Africa ]
Country wise Market Size Split [of important countries with major market share]
Market Share and Revenue/Sales by leading players
Market Trends – Emerging Technologies/products/start-ups, PESTEL Analysis, SWOT Analysis, Porter's Five Forces, etc.
Market Size by application/industry verticals
Segmentation Covered: Modular Kitchen Market
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Modular Kitchen Market Regional Analysis/Insights:
The countries covered in the modular kitchen market report are the U.S., Canada , Germany , U.K., France , Italy , Rest of Europe , China , India , Singapore , Thailand , Indonesia , Malaysia , Philippines , Australia , Vietnam , Cambodia , South Korea , Taiwan , Hong Kong , Rest of Asia-Pacific , Brazil , Argentina , Rest of South America , Saudi Arabia , United Arab Emirates , and Rest of the Middle East and Africa .
Asia-Pacific is dominating the market due to a rise in consumer spending on modular kitchens in the renovation of homes and furniture in the region. The rise in investments and initiatives towards construction activities for both commercial and residential is propelling the region's demand for modular kitchens.
Report Investment: Know the Pros
Besides assessing real time developments and triggers, this section of the report also presents notable past highlights that accelerated growth in this Market
A well scouted presentation of all the crucial segments that collectively harness maximum profit building in global Market
A detailed account of crucial market developments, potential investment bays as well as evaluation of successful business decisions that guide profitable business outcome
A clear depiction of market specific dynamics, competitor analysis as well as gauging competition intensity
Drivers/Opportunities Faced by the Modular Kitchen Market:
Growing residential construction and renovation activities across the globe
The modular kitchen construction is increasing in the residential sector, due to which the demand for modular kitchens is rising. These types of kitchens take less space and work efficiently. Several companies are engaged in providing designer and good-looking modular kitchens. Moreover, consumers who are moving to their new spaces and renovating older ones prefer modular kitchen solutions, which can contribute to the modular kitchen market. Thus, growing residential construction and renovation activities across the globe are expected to contribute to the modular kitchen industry
Increasing demand for space-saving and efficient storage among consumers
Several companies are producing space-saving and efficient storage modular kitchen solutions that consume less space and work efficiently. The manufacturers have also introduced the glossy and laminated theme for the modular kitchen. Nuclear families who need more space in their homes are more inclined toward installing a modular kitchen. Moreover, modular kitchen furniture is designed for modern spaces, which are more open and spacious. It keeps up with the new trends and is open for customization in drawers, cabinets, countertops, or micro-compartments for better organization. As a result, increasing demand for space-saving and efficient storage among consumers can be considered as one of the major drivers of the modular kitchen market growth.
High adoption of the modular kitchen due to changing the lifestyle pattern of consumers
As the standard of living increases, the socio-economic condition accessible to the person or a particular group of people improves. Since post-lockdown people spend most of their time in the kitchen cooking, eating, and working, the need for spacious and standard look kitchens is increasing. The desire to bring aesthetics to the home and improve its look would cause a surge in the demand, sales, and profit of modular kitchens. Thus, lifestyle changes and living standards could be substantial drivers for the global modular kitchen market growth.
Part 02: Scope Of The Report
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Europe Modular Kitchen Market, By Product (Floor Cabinet, and Wall Cabinet), Layout (Straight Layout, L-Shaped Layout, U-Shaped Layout, Parallel Layout, Island Kitchen, and G-Shaped), Raw Material (Wood, Metal, Fiber/Plastic, and Others), Application (Residential, and Commercial), Construction (New Construction, Renovation and Repair), Distribution Channel (Offline, and Online https://www.databridgemarketresearch.com/reports/europe-modular-kitchen-market
Asia-Pacific Modular Kitchen Market, By Product (Floor Cabinet, and Wall Cabinet), Layout (Straight Layout, L-Shaped Layout, U-Shaped Layout, Parallel Layout, Island Kitchen, and G-Shaped), Raw Material (Wood, Metal, Fiber/Plastic, and Others), Application (Residential, and Commercial), Construction (New Construction, Renovation and Repair), Distribution Channel (Offline, and Online) https://www.databridgemarketresearch.com/reports/asia-pacific-modular-kitchen-market
Middle East and Africa Modular Kitchen Market, By Product (Floor Cabinet, and Wall Cabinet), Layout (Straight Layout, L-Shaped Layout, U-Shaped Layout, Parallel Layout, Island Kitchen, and G-Shaped), Raw Material (Wood, Metal, Fiber/Plastic, and Others), Application (Residential, and Commercial), Construction (New Construction, Renovation and Repair), Distribution Channel (Offline, and Online) https://www.databridgemarketresearch.com/reports/middle-east-and-africa-modular-kitchen-market
North America Modular Kitchen Market, By Product (Floor Cabinet, and Wall Cabinet), Layout (Straight Layout, L-Shaped Layout, U-Shaped Layout, Parallel Layout, Island Kitchen, and G-Shaped), Raw Material (Wood, Metal, Fiber/Plastic, and Others), Application (Residential, and Commercial), Construction (New Construction, Renovation and Repair), Distribution Channel (Offline, and Online) https://www.databridgemarketresearch.com/reports/north-america-modular-kitchen-market
Kitchen Appliances Market, By Product Type (Refrigerator, Cooking Appliance, Dishwasher, and Others), User Application (Commercial and Household), Fuel Type (Electric, Cooking Gas, and Others), Product Structure (Built-in and Free Stand), Distribution Channel (Offline and Online) https://www.databridgemarketresearch.com/reports/global-kitchen-appliances-market
Smart Kitchen Appliances Market, By Product Type (Ovens, Dishwashers, Refrigerators, Cookware and Cooktops, Smart Coffee Maker, Kettle, Freezer, Range Hoods, Scale and Thermometers, Others), Connectivity Technology (Wi-Fi, Near Field Communication, Bluetooth), End User (Residential, Commercial), Distribution Channel (Multi-brand Stores, Exclusive Stores, Online, Others), Country https://www.databridgemarketresearch.com/reports/global-smart-kitchen-appliances-market
Kitchen Knives Market, By Type (Chinese Style knife, Japanese Style Knife, West Style Knife, Others), Application (Common Knives, Meat Knives, Other Knives), Size (3-5, 5-7, 7-9, 9-12 Inches) https://www.databridgemarketresearch.com/reports/global-kitchen-knives-market
Small Kitchen Appliances Market, By Product Type (Mixers and Blenders, Coffee and Tea Makers, Refrigerators, Grinders and Processors, Toasters and Juicers, Others), Distribution Channel (Online Channel, Offline Channel), Country (U.S., Canada , Mexico , Brazil , Argentina , Rest of South America , Germany , France , Italy , U.K., Belgium , Spain , Russia , Turkey , Netherlands , Switzerland , Rest of Europe , Japan , China , India , South Korea , Australia , Singapore , Malaysia , Thailand , Indonesia , Philippines , Rest of Asia-Pacific , U.A.E, Saudi Arabia , Egypt , South Africa , Israel , Rest of Middle East and Africa ) https://www.databridgemarketresearch.com/reports/global-small-kitchen-appliances-market
Food Container and Kitchen Appliances Market, By Product Type (Cookware, Kitchen Appliances, Food Containers, Serve Ware and Baby /Kids), Material Type (Rigid Packaging, Flexible Packaging, Paperboard, Metal, Glass, Others), Distribution Channel (Store Based Retailers and E-Commerce), Country (U.S., Canada , Mexico , Germany , U.K., Italy , France , Spain , Russia , Turkey , Switzerland , Belgium , Netherlands , Rest of Europe , Japan , China , South Korea , India , Australia & New Zealand , Singapore , Thailand , Indonesia , Malaysia , Philippines , Rest of Asia-Pacific , Brazil , Argentina , Rest of South America , South Africa , Egypt , Saudi Arabia , U.A.E., Israel and Rest of Middle East and Africa ) https://www.databridgemarketresearch.com/reports/global-food-container-and-kitchen-appliances-market
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