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[market-insider]

Modular Kitchen Market Trends and Analysis: Comprehensive Overview of Market Size, Share, Growth

The global modular kitchen market size is expected to reach USD 34.39 billion by 2030, expanding at a CAGR of 4.9% from 2024 to 2030, according to a new report by Grand View Research, Inc. Growing number of housing projects supported by the increasing purchasing power of consumers from developing nations including India, Thailand, and Brazil, is expected to drive the market. Furthermore, the rapid rise in the number of nuclear families on a global level is expected to promote installation of new modular kitchens in new constructions.

The L-shaped product design segment held the largest market share of more than 55% in terms of revenue in 2018. This design is the most popular among consumers due to its better flexibility and convenience. In addition, this design is well suited for small size kitchens.

Modular Kitchen Market Report Highlights

Floor cabinet held the largest modular kitchen market share of over 51.6% in 2023

In terms of raw material, wood products is expected to hold a market share of more than 40% by 2025

Online distribution channel is expected register the fastest CAGR of 5.9% from 2024 to 2030

Key market participants include IKEA; Nobia AB; Hettich Holding GmbH & Co. Ohg; Boston Cabinets, Inc; LINEADECOR; Pedini USA; Poggenpohl; Häcker Küchen, Inc.; Pedini; SieMatic; and The Hettich Group

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Tall storage segment is expected to witness the fastest CAGR of 6.3% from 2019 to 2025. This product can store a large number of commodities in a single cabinet and also provides an attractive vertical look to the house. These factors are anticipated to bode well for the segment growth in the forthcoming years.

As of 2018, the wood products led the modular kitchen market in terms of raw material, accounting for over 60% of the global revenue. On the other hand, the fiber/plastic material is expected to register the fastest CAGR in near future as this material is waterproof, oil proof, and termite-proof. This material is available in a less expansive price range compared to other raw materials, which is expected to further drive the demand.

Europe held the leading market share of more than 30% in terms of revenue in 2018. The presence of prominent manufacturers and availability of a wide range of products is projected to drive the market in countries such as Germany, U.K., France, Italy, and Poland. On the other hand, Asia Pacific is expected to register the fastest growth due to the rapid growth of residential construction in this region. Rising purchasing power along with rapid urbanization in the countries, such as India, China, Japan, Malaysia, and Indonesia, is expected to fuel the product demand.

List of major companies in Modular Kitchen Market

IKEA

nobilia.

Hettich Holding GmbH & Co. Ohg

Boston Cabinets, Inc

SieMatic Möbelwerke GmbH & Co. KG

LINEADECOR

Pedini USA

Poggenpohl.

Häcker Küchen

Snaidero Rino Spa Bulthaup GmbH & Co KG

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We have segmented the global modular kitchen market based on product, layout, application, distribution, and region.

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