Europe Modular Kitchen Market Size & Outlook, 2020-2028
Europe modular kitchen market, 2015-2028 (US$M)
Related Markets
Europe modular kitchen market highlights
- The Europe modular kitchen market generated a revenue of USD 6,087.0 million in 2020.
- The market is expected to grow at a CAGR of 2.4% 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, Germany is expected to register the highest CAGR from 2021 to 2028.
Europe data book summary
| Market revenue in 2020 | USD 6,087.0 million |
| Market revenue in 2028 | USD 7,356.8 million |
| Growth rate | 2.4% (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, Europe region accounted for 34.9% 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 |
|---|
Europe 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 33.14% in 2020. Horizon Databook has segmented the Europe 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 European market is characterized by a strong intra-continent trade of goods, wide market access to companies, and a population with high income, courtesy of the European Union and Eurozone agreements. The region is home to major economies such as the U.K., Germany, France, and Italy, with high levels of household spending and mature infrastructure sectors.
Considering the high-income levels of Western European countries, the modular kitchen market provides lucrative opportunities for companies in terms of high-end product offerings, innovative designs, and sophisticated distribution channels.
According to the European Construction Sector Observatory (ECSO) of the European Commission, the construction industry has been growing at a steady pace since 2016, with the residential construction growth rate averaging at 3.5% during the time.
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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 Europe modular kitchen market, including forecasts for subscribers. This continent databook contains high-level insights into Europe modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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Europe modular kitchen market size, by country, 2015-2028 (US$M)
Europe Modular Kitchen Market Share, 2020 & 2028 (US$M)
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