Market revenue in 2020 | USD 751.4 million |
Market revenue in 2028 | USD 1,176.0 million |
Growth rate | 5.8% (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 |
Key Regions: U.S. , UK , Brazil , South Africa , Germany
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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 37.17% in 2020. Horizon Databook has segmented the Middle East & Africa modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
Many countries in the African continent have been undergoing rapid economic expansions and are characterized by a young population aspiring to be first-time homeowners. The continent offers immense opportunities for demand fulfillment considering the advent of online retail platforms and greater enterprising of commercial food establishments.
In contrast to the consumer dynamics in Africa, the Middle East is characterized by high consumer spending on luxury amenities and a young population burgeoning at a rapid rate. The governments’ willingness to diversify their economies has led to a huge impetus for commercial eateries and kitchens.
Furthermore, massive public housing projects undertaken by these governments as a means to increase home ownership rates among youngsters are also expected to bode well for the modular kitchens market in the region.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa modular kitchen market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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