DUBLIN, October 17, 2017 /PRNewswire/ --
The "Global Modular Kitchen Market 2017-2021" report has been added to Research and Markets' offering.
The global modular kitchen market to grow at a CAGR of 4.63% during the period 2017-2021.
Global Modular Kitchen Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the Key vendors operating in this market.
One trend in the market is growing popularity of open modular kitchens. 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.
According to the report, one driver in the market is 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.
Further, the report states that one challenge in the market is market fragmentation, and challenge from local carpenters. The modular kitchen market is highly fragmented, not only in terms of number of manufacturers, but also in terms of 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.
Key Market trends
- Growing popularity of open modular kitchens
- Rise of interactive kitchens with contemporary style
- Modular kitchen a solution for smaller flats
- Adoption of renewable wood and environment-friendly approach
Other prominent vendors
- Boston Cabinets
- Hcker Kchen
Key Topics Covered:
- Executive Summary
- Scope Of The Report
- Research Methodology
- Market Landscape
- Market Segmentation By Design
- Market Segmentation By Product Type
- Geographical Segmentation
- Key Leading Countries
- Decision Framework
- Drivers And Challenges
- Market Trends
- Vendor Landscape
- Key Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/6gctzg/global_modular
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SOURCE Research and Markets