Asia Pacific Modular Kitchen Market Size & Outlook
Asia Pacific modular kitchen market, 2015-2028 (US$M)
Related Markets
Asia Pacific modular kitchen market highlights
- The Asia Pacific modular kitchen market generated a revenue of USD 4,606.4 million in 2020.
- The market is expected to grow at a CAGR of 11.4% from 2021 to 2028.
- In terms of segment, l-shape was the largest revenue generating design in 2020.
- Island is the most lucrative design segment registering the fastest growth during the forecast period.
- Country-wise, India is expected to register the highest CAGR from 2021 to 2028.
Asia Pacific data book summary
| Market revenue in 2020 | USD 4,606.4 million |
| Market revenue in 2028 | USD 10,944.9 million |
| Growth rate | 11.4% (CAGR from 2020 to 2028) |
| Largest segment | L-shape |
| Fastest growing segment | Island |
| Historical data covered | 2015 - 2019 |
| Base year for estimation | 2020 |
| Forecast period covered | 2021 - 2028 |
| Quantitative units | Revenue in USD million |
| Market segmentation | L-Shape, U-Shape, Parallel, Straight, Island |
| Key market players worldwide | Nobia AB ADR, Boston Properties Inc, Häfele, Häcker Küchen, nobilia-Werke, Lineadecor, Snaidero, Bulthaup, Pedini, SieMatic Mobelwerke, Hettich |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 26.4% of the global modular kitchen market in 2020.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2028.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 10,944.9 million by 2028.
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Modular Kitchen Market Scope
Modular Kitchen Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific modular kitchen market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to modular kitchen market will help companies and investors design strategic landscapes.
L-shape was the largest segment with a revenue share of 34.6% in 2020. Horizon Databook has segmented the Asia Pacific modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
The Asia Pacific is characterized by construction growth in China and India, along with the emergence of Bangladesh, Myanmar, and Vietnam as high-growth economies. China and India, which are home to approximately 2.8 billion people, have traditionally dominated various social and economic indicators such as household spending, middle-class income growth, construction spending, and affordable housing programs.
However, over the recent past, other countries in the region, particularly Bangladesh and Vietnam, have gradually tallied their growth with China and India, translating into greater than ever urban housing demand in the region.
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Target buyers of Asia Pacific modular kitchen market databook
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Our clientele includes a mix of modular kitchen market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific modular kitchen market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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Asia Pacific modular kitchen market size, by country, 2015-2028 (US$M)
Asia Pacific Modular Kitchen Market Share, 2020 & 2028 (US$M)
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