Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 21.1 Billion | USD 33.1 Billion | 5.12% | 2022 |
FrequentlyAsked Questions
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.
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.
According to study, 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.
The CAGR value of the modular kitchen market is expected to be around 5.12% during 2023-2030.
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 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, and Leicht.
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