Global Modular Kitchen Market 2017-2021
About Modular Kitchen
A modular kitchen uses modern kitchen furniture and cabinet modules that are made from different materials. These cabinets can store several kitchen accessories and items, which helps in effective optimization of space in the kitchen. The units that are usually placed on the floor are called floor cabinets or floor units. They are usually manufactured from marble, granite, tiles, and wood that are laid in an orderly manner to create space for different storage purposes.
Technavio’s analysts forecast the global modular kitchen market to grow at a CAGR of 4.63% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global modular kitchen market for 2017-2021. The report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Modular Kitchen Market 2017-2021
Technavio recognizes the following companies as the key players in the global modular kitchen market: Hafele, Lineadecor, Nobia, Pedini, and Snaidero.
Other Prominent Vendors in the market are: Boston Cabinets, Häcker Küchen, Bulthaup, SieMatic, Hettich, and Poggenpohl.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing popularity of open modular kitchens. Many families have been found to prefer open kitchens that are not completely separated from the living room. Kitchens are presently considered as a living space and not just for cooking purposes.”
According to the report, one driver in the market is high demand for convenient and customized kitchens with a wide design variety. A traditional kitchen provides limited design options unlike a modular kitchen that offers a wide variety of designs to choose from. Changes in lifestyles and consumer preference have induced a growing demand for organized facilities and kitchens that would enhance ease in cooking. A modular kitchen can be designed and customized to meet the user’s requirements. It provides convenience and a higher accessibility to kitchen tools. Tall storage can store all sizes of food containers even in a small area.
Further, the report states that one challenge in the market is market fragmentation, and challenge from local carpenters. The modular kitchen market is highly fragmented, not only in terms of number of manufacturers, but also in terms of product range. Unorganized players in many countries command a significant portion of the category. The market is expanding, and the demand is no longer restricted to the upper middle class alone. However, one of the major challenges faced by the modular kitchen market is the substantial number of local players budding in the market.
Hafele, Lineadecor, Nobia, Pedini, Snaidero, Boston Cabinets, Häcker Küchen, Bulthaup, SieMatic, Hettich, and Poggenpohl.
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