Modular kitchen market: 31% of growth will come from Europe | By product (floor cabinets, wall cabinets and tall storage units) and geography | Market Segment Size, Share, Trends and Forecast, 2021-2025 |

NEW YORK, March 18, 2022 /PRNewswire/ — The “Modular Kitchen Market by Geography (Europe, North AmericaACPA, South Americaand MEA) and product (floor cabinets, wall cabinets and tall storage) – Forecast and analysis 2021-2025report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio has proudly partnered with over 100 Fortune 500 companies for over 16 years.

The market value is expected to increase by $7.88 billiongrowing at a CAGR of 6.33% from 2020 to 2025, according to Technavio’s latest report.

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Growth rate OY

Key Market Dynamics:

One of the major growth factors in the modular kitchen market is the high demand for practical and customized kitchens with a wide variety of designs. A traditional kitchen offers limited design options, unlike a modular kitchen which offers a wide variety of designs to choose from. Changes in lifestyles and consumer preferences have led to an increasing demand for organized facilities and kitchens that would improve the ease of cooking. A modular kitchen can be designed and customized to meet user requirements. It provides convenience and better accessibility to kitchen utensils. Overhead storage can store all sizes of food containers even in a small area. Corner spaces in a modular kitchen also allow maximum use of space. Several modular kitchen companies, such as Sleek, offer easy replacement and regular service contracts to maintain a high-quality kitchen.

Market fragmentation and challenges of local carpenters will be a major challenge for the modular kitchen market during the forecast period. The modular kitchen market is fragmented, not only in terms of the 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 demand is no longer limited to the upper middle class alone. However, one of the major challenges facing the modular kitchen market is the large number of budding local players in the market. Local players provide products and services at a lower price than established players. Additionally, many price-conscious consumers are opting for semi-modular kitchens. These modular kitchens are made by local carpenters. This kitchen is a combination of traditional kitchens and has some features of modular kitchens. Local carpenters are preferred as this traditional support offers a more personalized solution to customers. A myth that also prevails among customers is that factory-made furniture is not as strong and durable as furniture made by hand by a carpenter.

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Regional analysis and forecasts

The market is geographically segmented into the following regions: Europe, North AmericaACPA, South Americaand MEA. 31% of market growth will come from Europe during the forecast period. Germany and the United Kingdom are the main markets for modular kitchens in Europe. Market growth in this region will be slower than market growth in other regions.

Increased adoption of smart homes will facilitate the growth of the modular kitchen market in Europe over the forecast period.

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Regions

Segmentation analysis and forecasts

The market is segmented by product (floor cabinets, wall cabinets and tall storage units). The modular kitchen market share growth by the floor standing cabinet segment will be significant during the forecast period. Floor standing cabinets are expected to experience steady growth over the forecast period due to factors such as increasing number of modular kitchen suppliers, increasing number of color and design options and growing need for floor standing cabinets. floor in modular kitchens. Floor cabinets are also called under counter cabinets or basic modular kitchen cabinets. These cabinets are mainly used to store kitchen utensils, hobs, appliances, sinks and other heavy items. With the increasing use of heavy appliances, utensils and cutlery, floor standing cabinets are gaining popularity as these cabinets are mainly used to store cooking utensils, hobs, appliances, sinks and other heavy objects.

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various segments

Some key companies mentioned

    • Boston Cabinets Inc.
    • Hafele GmbH and Co. KG
    • Inter IKEA Holding B.V.
    • Spa Snaidero Rino
    • Nobia AB
    • Pedini SPA
    • nobilia-Werke J. Stickling GmbH and Co. KG
    • SieMatic Mobelwerke GmbH and Co. KG
    • Hacker Kuchen GmbH and Co. KG
    • Hettich Holding GmbH and Co. oHG

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Main topics covered:

  • Abstract
  • Market landscape
  • Market sizing
  • Five forces analysis
  • Market segmentation
  • Customer landscape
  • Geographic landscape
  • Supplier Landscape
  • Vendor analysis
  • appendix

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Scope of the modular kitchen market

Report cover

Details

Page number

120

Year of reference

2020

Forecast period

2021-2025

Growth momentum and CAGR

Accelerate at a CAGR of 6.33%

Market Growth 2021-2025

$7.88 billion

Market structure

Fragmented

Annual growth (%)

2.67

Regional analysis

Europe, North America, APAC, South America and MEA

Successful market contribution

Europe at 31%

Main consumer countries

United States, China, Germany, United Kingdom and Japan

Competitive landscape

Leading companies, competitive strategies, scope of consumer engagement

Profiled companies

Boston Cabinets Inc., Hafele GmbH and Co. KG, Inter IKEA Holding BV, Snaidero Rino Spa, Nobia AB, Pedini SPA, nobilia-Werke J. Stickling GmbH and Co. KG, SieMatic Mobelwerke GmbH and Co. KG, Hacker Kuchen GmbH and Co. KG, and Hettich Holding GmbH and Co. oHG

Market dynamics

Parent Market Analysis, Market Growth Drivers and Barriers, Fast and Slow Growing Segment Analysis, COVID 19 Impact and Future Consumer Dynamics, Market Condition Analysis for the Forecast Period.

Customization overview

If our report does not include the data you are looking for, you can contact our analysts and customize the segments.

Contents

Abstract

Market landscape

  • Market ecosystem
  • Value chain analysis

Market sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market Outlook: Predictions for 2020 – 2025

Five forces analysis

  • The bargaining power of buyers
  • Bargaining power of suppliers
  • The threat of new entrants
  • The threat of substitutes
  • Threat of rivalry
  • Market state

Market segmentation by product

  • Market segments
  • Comparison by product
  • Floor Cabinets – Market size and forecast 2020-2025
  • Wall Cabinets – Market size and forecast 2020-2025
  • Overhead Storage – Market size and forecast 2020-2025
  • Market opportunity by product

Market segmentation by design

  • Market segments
  • Comparison by design
  • L-shaped – Market size and forecast 2020-2025
  • U-shaped – Market size and forecast 2020-2025
  • Straight or single wall kitchen – Market size and forecast 2020-2025
  • G-shaped – Market size and forecast 2020-2025
  • Market Opportunity by Design

Customer landscape

Geographic landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe – Market size and forecast 2020-2025
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • Main leading countries
  • Market Opportunity by Geography
  • Market factors
  • Market challenges
  • Market trends

Supplier Landscape

  • Overview
  • Landscape disturbance

Vendor analysis

  • Suppliers Covered
  • Positioning on the supplier market
  • Boston Cabinets Inc.
  • Hacker Kuchen GmbH and Co. KG
  • Hafele GmbH and Co. KG
  • Hettich Holding GmbH and Co. oHG
  • Inter IKEA Holding B.V.
  • Nobia AB
  • nobilia-Werke J. Stickling GmbH and Co. KG
  • Pedini SPA
  • SieMatic Mobelwerke GmbH and Co. KG
  • Spa Snaidero Rino

appendix

  • Report scope
  • Currency conversion rates for the US dollar
  • Research methodology
  • Abreviations list

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