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Modular Kitchen Market – Drivers and Forecasts by Technavio |

Modular Kitchen Market – Drivers and Forecasts by Technavio

LONDON–(BUSINESS WIRE)–Technavio
analysts forecast the global
modular kitchen market
to grow at a CAGR of almost 5% during
the forecast period, according to their latest report.

The research study covers the present scenario and growth prospects of
the global modular kitchen market for 2017-2021. A modular
(modern) kitchen consists of modern furniture and specially designed
cabinets and storage units that can store utensils, other cooking
accessories and appliances. A modular kitchen is designed in such a way
to enable maximum utilization of space.


There have been significant changes in the construction plans of houses.
These include an increase in the room size and introduction of open
floor plans and loft-style living rooms. The L-shaped design is the most
popular and commonly used layout for kitchens. This design includes two
adjacent perpendicular walls. The absence of a wall division between the
living and kitchen area provides users with the maximum flexibility
while entertaining guests.

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Technavio analysts highlight the following three factors that are
contributing to the growth of the global modular kitchen market:

  • High demand for convenient and customized kitchens with a wide design
    variety
  • Efficient space management, and ease of assembling
  • Growth in residential construction activities

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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 preference 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 a higher accessibility to
kitchen tools.

Poonam Saini, a lead furniture
and home furnishing
research analyst at Technavio, says, “A
traditional kitchen, which is mostly made by carpenters, usually has
rough edges and an uneven finishing. Any kind of replacement cannot be
guaranteed, and servicing consumes time. In comparison, a modular
kitchen has a smooth and seamless finish. Several modular kitchen
companies, such as Sleek, provide easy replacement and contracts for
regular services to maintain high kitchen quality.”

Efficient space management, and ease of assembling

In a traditional kitchen, the user cannot access the corners of the
kitchen due to their reduced depth. A modular
kitchen
eliminates such issues, converting the corners into a
functional space. Cutlery is placed in special trays in the form of
drawers. The use of such kitchens has triggered a demand for steam
ovens, barbeques, and other electronic appliances. This kitchen type is
particularly suited for busy individuals who seek convenience, ease, and
speed while working in the kitchen.

“In India, modular kitchen manufacturers have customized the kitchen
to suit the region’s needs. They incorporate spice racks and special
trolleys for grains. The kitchens use a soft-close drawer system, makes
minimum or no noise while opening or closing them. Such features enhance
the ease of cooking, save time, and increase the user’s productivity,”
adds
Poonam.

Growth in residential construction activities

The construction industry has been witnessing exponential growth over
the past couple of years. This trend is strongly observed in developing
economies. But with rates of urban properties growing, and household
size decreasing in many parts of the world, the residential units have
started to get more compact in size.

Also, homeowners residing in their properties are increasingly getting
involved in renovation and reconstruction projects. With modular
kitchens penetrating the households deeper, modular kitchen is expected
to become a more mainstream option for kitchen spaces during the
forecast period.

Top vendors:

  • Hafele
  • Lineadecor
  • Nobia
  • Pedini
  • Snaidero

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If you are interested in more information, please contact our media team
at media@technavio.com.

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