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Modular Kitchen Market Growth, Size, Trends, Analysis Report by Type, Application, Region and Segment Forecast 2021-2025

  • Published: Jul 2021
  • Pages: 120
  • SKU: IRTNTR70721
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The modular kitchen market share is expected to increase by USD 7.88 billion from 2020 to 2025, and the market's growth momentum will accelerate at a CAGR of 6.33%.

This modular kitchen market research report extensively covers modular kitchen market segmentation by geography (Europe, North America, APAC, South America, and MEA) and product (floor cabinets, wall cabinets, and tall storage). The modular kitchen market report also offers information on several market vendors, including 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 among others.

What will the Modular Kitchen Market Size be During the Forecast Period?

Modular Kitchen Market Size

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Modular Kitchen Market: Key Drivers, Trends, and Challenges

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The high demand for convenient and customized kitchens with a wide design variety is notably driving the modular kitchen market growth, although factors such as the market fragmentation and challenges from local carpenters may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the modular kitchen industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.

Key Modular Kitchen Market Driver

One of the key factors driving growth in the modular kitchen market is the 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 preferences 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 higher accessibility to kitchen tools. Tall storage can store all sizes of food containers, even in a small area. Corner spaces in a modular kitchen also enable maximum utilization of space. Several modular kitchen companies, such as Sleek, provide easy replacement and contracts for regular services to maintain high kitchen quality.   

Key Modular Kitchen Market Trend

The growing popularity of open modular kitchens is another factor supporting the modular kitchen market share growth. 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. The kitchen includes space for the living room, library, party area, and entertainment zone. Most modern kitchens are equipped with electronic appliances such as coffee machines, ice makers, and other appliances, which help reduce the cooking time. Modular kitchens are incorporated with minimalistic furniture pieces. Automation for the worktop and chimney have been introduced in the kitchen. Another growing trend is the installation of eco-friendly, anti-bacterial kitchens. The use of fully integrated refrigerators (with television and Wi-Fi) and motorized lids that cover the sink area and hob help transform the kitchen into a living space.

Key Modular Kitchen Market Challenge

The market fragmentation and challenges from local carpenter 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 the 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. The local players provide products and services at a lower price than the established players. Additionally, many consumers who are price conscious opt for semi-modular kitchens. These modular kitchens are made by local carpenters. The local carpenters are preferred since this traditional medium offers a more customized solution to the customers. A myth that also prevails within customers is that factory-made furniture is not as strong and durable as hand-made furniture is by a carpenter.

This modular kitchen market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.

Parent Market Analysis

Technavio categorizes the global modular kitchen market as a part of the global home furnishings market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the modular kitchen market during the forecast period.

Who are the Major Modular Kitchen Market Vendors?

The report analyzes the market's competitive landscape and offers information on several market vendors, including:

 

  • 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
  • Hettich Holding GmbH and Co. oHG

 

This statistical study of the modular kitchen market encompasses successful business strategies deployed by the key vendors. The modular kitchen market is fragmented and the vendors are deploying growth strategies such as focusing  on M&A and collaborations to expand their line of businesses  to compete in the market.

Product Insights and News

  • Boston Cabinets Inc. - The company offers modular kitchens under the product categories home kitchens, commercial kitchens and multi unit contractors.

To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

The modular kitchen market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.

Modular Kitchen Market Value Chain Analysis

Our report provides extensive information on the value chain analysis for the modular kitchen market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chains is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.

Which are the Key Regions for Modular Kitchen Market?

Modular Kitchen Market Market segmentation by region

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31% of the market's growth will originate from Europe during the forecast period. Germany and UK are the key markets for modular kitchens in Europe. Market growth in this region will be slower than the growth of the market in other regions.

The increased adoption of smart homes will facilitate the modular kitchen market growth in Europe over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.

COVID Impact and Recovery Analysis

As a result of the COVID-19 pandemic and the resultant economic uncertainty and health concerns, modular kitchen sales dropped significantly in Europe in 2020. Moreover, lockdowns imposed by various countries in Europe restricted the movement of people and forced them to stay at their homes, which reduced the demand for modular kitchens. However, the market is expected to recover during the forecast period owing to the lifting of restrictions and an increase in the number of vaccinated population individuals.

What are the Revenue-generating Geography Segments in the Modular Kitchen Market?

Modular Kitchen Market Segmentation

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The modular kitchen market share growth by the floor cabinets segment will be significant during the forecast period. Floor cabinets are anticipated to foresee steady growth over the forecast period owing to factors such as the increasing number of modular kitchen providers, rising number of color and design options, and increasing need for floor cabinets in modular kitchens. With the increasing use of heavy appliances, utensils, and cutlery, floor cabinets are gaining popularity as these cabinets are mostly used for storing heavy-duty cookware, hobs, appliances, sink, and other heavy objects. Currently, bright and popping colors are in trend. 

This report provides an accurate prediction of the contribution of all the segments to the growth of the modular kitchen market size and actionable market insights on post COVID-19 impact on each segment.

 

Modular Kitchen Market Scope

Report Coverage

Details

Page number

120

Base year

2020

Forecast period

2021-2025

Growth momentum & CAGR

Accelerate at a CAGR of 6.33%

Market growth 2021-2025

$ 7.88 billion

Market structure

Fragmented

YoY growth (%)

2.67

Regional analysis

Europe, North America, APAC, South America, and MEA

Performing market contribution

Europe at 31%

Key consumer countries

US, China, Germany, UK, and Japan

Competitive landscape

Leading companies, Competitive strategies, Consumer engagement scope

Key companies profiled

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 inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period

Customization purview

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What are the Key Data Covered in this Modular Kitchen Market Report?

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will drive modular kitchen market growth during the next five years
  • Precise estimation of the modular kitchen market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the modular kitchen industry across Europe, North America, APAC, South America, and MEA
  • A thorough analysis of the market's competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of modular kitchen market vendors

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Executive Summary

    Market Landscape

    • Market ecosystem
    • Value chain analysis

    Market Sizing

    • Market definition
    • Market segment analysis
    • Market size 2020
    • Market outlook: Forecast for 2020 - 2025

    Five Forces Analysis

    • Bargaining power of buyers
    • Bargaining power of suppliers
    • Threat of new entrants
    • Threat of substitutes
    • Threat of rivalry
    • Market condition

    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
    • Tall 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 kitchen or one-walled - 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
      • Key leading countries
      • Market opportunity by geography
      • Market drivers
      • Market challenges
      • Market trends

      Vendor Landscape

      • Overview
      • Landscape disruption

      Vendor Analysis

      • Vendors covered
      • Market positioning of vendors
      • Boston Cabinets Inc.
      • Hacker Kuchen GmbH and Co. KG
      • Hafele GmbH and Co. KG
      • Hettich Holding GmbH and Co. oHG
      • Inter IKEA Holding BV
      • Nobia AB
      • nobilia-Werke J. Stickling GmbH and Co. KG
      • Pedini SPA
      • SieMatic Mobelwerke GmbH and Co. KG
      • Snaidero Rino Spa

      Appendix

      • Scope of the report
      • Currency conversion rates for US$
      • Research methodology
      • List of abbreviations

      Research Framework

      Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

      TechnavioINFORMATION SOURCES

      Primary sources

      • Manufacturers and suppliers
      • Channel partners
      • Industry experts
      • Strategic decision makers

      Secondary sources

      • Industry journals and periodicals
      • Government data
      • Financial reports of key industry players
      • Historical data
      • Press releases
      Technavio

      TechnavioDATA ANALYSIS

      Data Synthesis

      • Collation of data
      • Estimation of key figures
      • Analysis of derived insights

      Data Validation

      • Triangulation with data models
      • Reference against proprietary databases
      • Corroboration with industry experts
      Technavio

      TechnavioREPORT WRITING

      Qualitative

      • Market drivers
      • Market challenges
      • Market trends
      • Five forces analysis

      Quantitative

      • Market size and forecast
      • Market segmentation
      • Geographical insights
      • Competitive landscape
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      Modular Kitchen market growth will increase by $7884.04 million during 2020-2025.
      The modular kitchen market is expected to grow at a CAGR of 6.33% during 2020-2025.
      Technavio has segmented the modular kitchen market by geographic (Europe, North America, APAC, South America, and MEA).
      Boston Cabinets Inc., Hacker Kuchen GmbH and Co. KG, Hafele GmbH and Co. KG, Hettich Holding GmbH and Co. oHG, Inter IKEA Holding BV, Nobia AB, nobilia-Werke J. Stickling GmbH and Co. KG, Pedini SPA, SieMatic Mobelwerke GmbH and Co. KG, Snaidero Rino Spa are a few of the key vendors in the modular kitchen market.
      Europe will register the highest growth rate of 31.30% among the other regions. Therefore, the modular kitchen market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.
      The key factors driving the modular kitchen market growth are:
      • High demand for convenient and customized kitchens with a wide design variety
      The modular kitchen market vendors should focus on grabbing business opportunities from the segment as it accounted for the largest market share in the base year.
      • What are the key global market and the regional market share?
      • What are the revenue-generating key market segments?
      • What are the key factors driving and challenging this market’s growth?
      • Who are the key market vendors and their growth strategies?
      • What are the latest trends influencing the growth of this market?
      • What are the variables influencing the market growth in the primary regions?
      • What are the factors influencing the growth of the parent market?
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      • Detailed vendors report with competitive landscape
      • Covid-19 impact and recovery analysis
      • Data on revenue-generating market segments
      • Details on the market shares of various regions
      • Five-force market analysis

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