US Modular Kitchen Market to Cross $ 9 Billion by 2025
Rising
purchasing power of customers, need for more comfortable lifestyle, increasing
number of residential construction projects and growing number of partnerships
between real estate project developers and modular kitchen manufacturers to
drive United States modular kitchen market until 2025
According
to TechSci Research report, “United
States Modular Kitchen Market By Design, By Product Type, By Sales
Category, By Region, Competition, Forecast & Opportunities, 2025”, United States modular kitchen market
stood at $ 6.7 billion in 2019 and is projected to reach $ 9.2 billion by 2025,
as comfortable and smart kitchens are certainly getting more recognition in the
home improvement/decor category to enhance both functionality and decorative
aspects of a modular kitchen. Be it homemakers or working professionals,
restructuring and remodeling an existing kitchen to a more comfortable one is
becoming a major trend among the modern-day homemakers in the country. Additionally,
the construction industry is witnessing healthy growth in the residential
construction sector in the country resulting in increasing demand for modular
kitchens. Over the last few years, modular kitchen industry in United States has
witnessed an inclination towards kitchens with smart technologies and modern
designs. Moreover, for the customers, their kitchen is also a space for
socializing, relaxation and shaping their imaginativeness. With consumers showing
willingness to experiment with design, textures and naïve color combinations
for their kitchens, modular kitchen manufacturers have been set free to offer
consumers with world class products and customized modular kitchen setups. The consumers
are increasingly looking for premium designs and features such as smart
kitchens, magic corners and island kitchen concepts to beautify their cooking
spaces. The cabinets segment in modular kitchens is dominating the market in
United States. The colored kitchen cabinets and counter tops in modular
kitchens are gaining popularity in United States. Furthermore, availability of
various types of kitchen designs on online portals and e-commerce websites is
also supplementing the demand for modular kitchens in the United States and the
trend is likely to continue over the course of next five years as well.
Browse 29 market Data Tables
and Figures spread through 76 Pages and an in-depth TOC on "United
States Modular Kitchen Market"
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United
States modular kitchen market is segmented into design, product type, sales
category and region. Based on product type, the market can be further segmented
into floor cabinets & wall cabinets, tall storage and others. Based on
design, there are wide range and types of modular kitchens available in the
market among which, u-shaped kitchen is the most preferred kitchen type in
United States. This is majorly due to the surging demand for u-shaped kitchens
from the consumers on account of increasing purchasing power coupled with growing
number of partnerships between real estate project developers and modular
kitchen manufacturers, and increasing number of residential construction
projects are expected to fuel the sales of modular kitchens until 2025.
Additionally, gradual shift towards more comfortable lifestyle and increasing
spending on modern day kitchen appliances is fueling the need for advanced
kitchen spaces, which in turn is projected to drive the market for modular
kitchens in the United States during the forecast year.
As
the United States modular kitchen market is highly mature, it is dominated by
large number of organized players in the market, offering wide range of
products at competitive prices. One such player is Hafele America, which is one
of the leading players in the modular kitchen market of the United States. The
company has been able to create a strong brand presence by providing customized
services in both residential and commercial market in United States. IKEA
US, Lineadecor USA LLC, Eggersmann USA, Hettich America, SieMatic Möbelwerke
USA and Snaidero USA are some of the major companies in United States modular
kitchen market.
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“United
States modular kitchen manufacturers offer spectacular range of products. Smart
modular kitchens are gaining popularity, and this can be an industry game
changer in the US in the coming years. Moreover, the competitive pricing in this
market is also projected to positively impact the demand for modular kitchens in
the United States over the course of next five years.”, said Mr. Karan
Chechi, Research Director with TechSci Research, a research based global
management consulting firm.
“United
States Modular
Kitchen Market By
Design, By Product Type, By Sales Category, By Region, Competition, Forecast
& Opportunities, 2025” has
evaluated the future growth potential of United
States modular
kitchen market and
provides statistics & information on market size, structure and future
market growth. The report intends to provide cutting-edge market intelligence
and help decision makers take sound investment decisions. Besides, the report
also identifies and analyzes the emerging trends along with essential drivers,
challenges and opportunities in United
States modular
kitchen market.
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