China Modular Kitchen Market Size & Outlook, 2020-2028
China modular kitchen market, 2015-2028 (US$M)
Related Markets
China modular kitchen market highlights
- The China modular kitchen market generated a revenue of USD 1,101.7 million in 2020 and is expected to reach USD 2,667.4 million by 2028.
- The China market is expected to grow at a CAGR of 11.7% 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.
Modular kitchen market data book summary
| Market revenue in 2020 | USD 1,101.7 million |
| Market revenue in 2028 | USD 2,667.4 million |
| Growth rate | 11.7% (CAGR from 2020 to 2028) |
| Largest segment | L-shape |
| Fastest growing segment | Island |
| Historical data | 2015 - 2019 |
| Base year | 2020 |
| Forecast period | 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, China accounted for 6.3% of the global modular kitchen market in 2020.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
- In Asia Pacific, India modular kitchen market is projected to lead the regional market in terms of revenue in 2028.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,727.2 million by 2028.
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Modular Kitchen Market Scope
Modular Kitchen Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 35.01% in 2020. Horizon Databook has segmented the China modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
Over the last decade, China has been the fastest-growing middle-income economy, which has enabled millions of people to own a home. This scenario bodes well for the overall modular kitchen market. Moreover, rapid urbanization and increased consumer spending have driven the country’s real estate sector, which is also likely to present the modular kitchen market with immense opportunities.
However, the COVID-19 pandemic has led to the slowdown of the construction industry in China. This has happened due to disruptions in the supply chain, with longer lead times and replenishment cycles in China.
The construction industry in China has a positive future but currently, there is a halt in the overall growth of the industry. It will take some time for China to recover from this impact, which will affect the overall demand for modular kitchens significantly.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the China modular kitchen market, including forecasts for subscribers. This country databook contains high-level insights into China modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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China modular kitchen market size, by design, 2015-2028 (US$M)
China Modular Kitchen Market Share, 2020 & 2028 (US$M)
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