Modular Kitchen Market by Product, Design, and Geography - Forecast and Analysis 2021-2025
06-May-2022 | Alaska | News-Press Release
According to Technavio, the modular kitchen market size is expected to value at $ 7.88 bn during 2021-2025. The market sizing analysis in the report reveals that the market growth will progressing at a CAGR of 6.33%. The report offers exclusive detailed COVID-19 impact study, which majorly highlights vendor performance and new business opportunities during and post pandemic period.
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Modular Kitchen Market Trends & Drivers
The modular kitchen market research report has a detailed analysis on the key drivers, trends, and challenges, which will help vendors in making important business decisions and modifications to cater to the changing consumer demand. While it is essential to capitalize on key drivers such as high demand for convenient and customized kitchens with a wide design variety, it is also crucial to understand the challenges that will impede sales during the forecast period. Identifying and addressing market growth challenges will create additional opportunities for the existing and new market players.
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The modular kitchen market has also explored key trends such as growth in residential construction activities, which will have a significant positive impact on the market growth over the forecast period. A thorough study of the market trends will enable vendors to understand demographics effectively, which can be used to further product and service innovation.
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Modular Kitchen Market: Segmentation Analysis
This market research report segments the modular kitchen market by Geography (Europe, North America, APAC, South America, and MEA) and Product (Floor cabinets, Wall cabinets, and Tall storage).
The Europe region led the modular kitchen market in 2021, followed by North America, APAC, South America, and MEA respectively. During the forecast period, the Europe region is expected to register the highest incremental growth due to factors such as .
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A few of the key topics covered in the report include:
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
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