North America Modular Kitchen Market Size & Outlook
North America modular kitchen market, 2015-2028 (US$M)
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North America modular kitchen market highlights
- The North America modular kitchen market generated a revenue of USD 4,542.2 million in 2020.
- The market is expected to grow at a CAGR of 1.2% 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, U.S. is expected to register the highest CAGR from 2021 to 2028.
North America data book summary
| Market revenue in 2020 | USD 4,542.2 million |
| Market revenue in 2028 | USD 5,006.2 million |
| Growth rate | 1.2% (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, North America region accounted for 26.1% 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 |
|---|
North America 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 34.56% in 2020. Horizon Databook has segmented the North America modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
North America is a lucrative market for modular kitchen products owing to the rising number of restaurants, pubs, and hotels in the region. North America is a key region for the modular kitchen market owing to the presence of several high-priced hotels that offer world-class facilities and feature expensive and exquisite kitchen fittings.
Another noteworthy trend in North America is the increased investments in residential construction projects. As per Statistics Canada, in August 2020, multi-unit investment profits were reported in nine provinces of Canada, led by Alberta (+42.4%) and Quebec (+15.8%). The rise in the number of residential and commercial construction projects will lead to an increase in the regional demand for modular kitchens.
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Target buyers of North America 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 North America modular kitchen market, including forecasts for subscribers. This continent databook contains high-level insights into North America modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
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North America modular kitchen market size, by country, 2015-2028 (US$M)
North America Modular Kitchen Market Share, 2020 & 2028 (US$M)
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