Modular Kitchen Market Size, Share, Trends, Growth 2030

Modular Kitchen Industry Prospective:

The global modular kitchen market size was worth around USD 21.1 Billion in 2022 and is predicted to grow to around USD 33.1 Billion by 2030 with a compound annual growth rate (CAGR) of roughly 5.12% between 2023 and 2030.

The report analyzes the global modular kitchen market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the modular kitchen industry.

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Modular Kitchen Market: Overview

A modular kitchen consists of a kitchen that is made using pre-made cabinet parts. These parts are produced in standard sizes that can be put under assembly activities using different configurations allowing them to fit the provided space in the kitchen. This is inclusive of different types of drawers, cabinets, shelves, and drawers, along with several other storage options that are assembled efficiently to create an efficient and functional kitchen. The fraternity revolves around businesses that deal with the manufacturing, distribution, and installation of modular kitchens. It also involves any post-sale service that may be a part of the sale program. The revenue in the segment is generated from a range of players, including large-scale and smaller businesses, offering a wide range of products that meet the needs and requirements of the target consumer group.

Key Insights: 

• As per the analysis shared by our research analyst, the global modular kitchen market is estimated to grow annually at a CAGR of around 5.12% over the forecast period (2023-2030)
• In terms of revenue, the global modular kitchen market size was valued at around USD 22.1 billion in 2022 and is projected to reach USD 33.1 billion, by 2030.
• The modular kitchen market is projected to grow at a significant rate due to the growing demand for efficient living spaces
• Based on application segmentation, residential was predicted to show maximum market share in the year 2022
• Based on raw material segmentation, wood was the leading material in 2022
• On the basis of region, North America was the leading revenue generator in 2022

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Modular Kitchen Market: Growth Drivers

Growing demand for efficient living spaces to propel market growth

The global modular kitchen market is projected to grow owing to the rising demand for efficient living spaces, especially amongst the population that lives in urban or modern areas and has higher accessibility to such items that work coherently to improve the standard of living. The specific design of the modular kitchens allows them to provide the maximum available size for accommodating other items or to improve the overall living area size for the residents. The ability of the product and service providers to customize the items depending on the expectations and requirements of the end consumers could create higher revenue during the forecast period.

Modular Kitchen Market: Restraints

Limited market penetration to restrict the market growth

While the modular kitchen industry is registering high growth, the market for the products is highly limited and restricted. A large segment of the end-consumers resides in modern or urban areas of developed and developing economies. The industry players have failed to tap into the rural segment, especially in economies struggling with social or political tension. As compared to the traditional kitchen setup, the fraternity is fairly new. In addition to this, the higher dependence on skilled labor to design and install the items further acts as a growth limitation.

Modular Kitchen Market: Opportunities

Growing sales of smart kitchen appliances to translate to higher revenue

As the employment rate across the globe increases along with the significant rise in dual-income families along with rapid urbanization, the sale revenue of smart kitchen appliances has grown tremendously in the last couple of years. When these appliances are installed in a modular kitchen, the efficiency of the whole set-up improves drastically and makes it highly functional. With the rising interest in the integration of advanced technologies like the Internet of Things (IoT), manufacturers can produce modular kitchens and items that can be controlled remotely.

Modular Kitchen Market: Challenges

Rising competition to challenge market growth

The global modular kitchen market players are facing intense competition from other alternatives present in the sector. This includes the existing popularity of traditional kitchen systems. Furthermore, the competition within the segment is high due to the increasing number of players constantly adding to the market and delivering a wide range of products across the cost segment. This causes the players to face challenges in terms of consistently renovating their products to stand out from the rest of the items available for purchase.

Modular Kitchen Market: Segmentation

The global modular kitchen market is segmented into raw materials, product, application, layout, and region.

Based on raw material, the global market segments are fiber, plastic, metal, wood, and others. In 2022, the highest growth was observed in the wood segment since it is one of the largest consumed raw materials for kitchen units for many years and continues to showcase its dominance. The popularity of wood is highly dependent on its physical appearance and natural beauty along with other attributes to higher durability along with versatility. Wood can be easily customized into different shapes and sizes. It is available in various ranges of finishes and colors and hence can be easily matched with other items in the kitchen. The average cost of a wood-based modular kitchen may range between USD 5000 to USD 20000.

Based on application, the global market divisions are commercial and residential. The latter witnessed the highest demand in terms of application in 2022 and is expected to continue its dominance in the coming years. These types of cabinets are designed to meet the specific requirements of families and homeowners. The most common family homes that use modular kitchens are condominiums and apartments, especially in modern residential spaces that have space limitations. Commercial modular kitchens are installed in business settings like hotels, restaurants, and hospitals to name a few. A standard residential modular kitchen may require around 200-300 square feet of wood.

Based on layout, the global market divisions are L-shapes, straight layout, parallel layout, U-shaped layout, G-shaped layout, and island layout.

Recent Developments:

• In February 2023, Wurfel, an Indian brand that deals with premium modular kitchen models dealing in European products, announced the inauguration of its new studio in the Kokapet region of Hyderabad. The new units are expected to provide the visitors with a new and immersive experience and include tower units, wall cabinets, and base cabinets
• In November 2022, Panasonic Life Solutions India announced the launch of a new range of luxury modular kitchens. The company deals with the production of electronics and housing technologies and set in motion the sale of the I-Class Kitchen following the 2018 launch of the L class kitchen range. Panasonic expects to generate over INR 25 crore in revenue with the launch of the new range         
• In October 2022, At the Eldrok India Architecture Awards held in Mumbai city of India, Kuche 7 received the award for the ‘Most Innovative Modular Kitchen Brand - 2022’. The company has shown tremendous potential since its inception

Modular Kitchen Market: Report Scope

Modular Kitchen Market: Regional Analysis

North America to continue its dominance

The global modular kitchen market is expected to witness the highest growth in North America mainly due to the high demand for space-efficient living space solutions and modular kitchens. The rising integration of smart appliances in modern-age kitchen settings is crucial to regional growth. Furthermore, the rising number of players that adopt constant product renovation strategies to tap into newer market segments regularly works in the favor of higher growth in the US and Canadian regions. These countries are witnessing a high rise in terms of eco-friendly solutions that are expected to attract more consumers during the forecast period.

Europe is the second-largest regional market in the industry and has shown high competitiveness in the last few years. The strong focus of the players is on aesthetics and design which has helped the players maintain their hold in the region. The Middle East is expected to grow at a steady CAGR due to the rising rate of urbanization.

Modular Kitchen Market: Competitive Analysis

The global modular kitchen market is led by players like:

• Godrej & Boyce
• Hafele
• Häcker Küchen
• Sleek Kitchens
• Scavolini
• Poggenpohl
• Veneta Cucine
• Snaidero
• IFB Industries
• Blum
• Hettich
• Siematic
• Nobilia
• Boffi
• Pedini
• Bulthaup
• Poliform
• Valcucine
• Arclinea
• Leicht.

The global modular kitchen market is segmented as follows:

By Raw Material

• Fiber
• Plastic
• Metal
• Wood
• Others

By Application

• Commercial
• Residential

By Layout

• L-Shaped
• Straight Layout
• Parallel Layout
• U-Shaped Layout
• G-Shaped Layout
• Island Kitchen

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa