India Modular Kitchen Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 4.56 Billion |
| Market Size (2029) | USD 13.57 Billion |
| CAGR (2024 - 2029) | 24.36 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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India Modular Kitchen Market Analysis
The India Modular Kitchen Market size is estimated at USD 4.56 billion in 2024, and is expected to reach USD 13.57 billion by 2029, growing at a CAGR of 24.36% during the forecast period (2024-2029).
Kitchens are gaining recognition in the home improvement category to augment both its functionality and decor. For homemakers and working professionals, restructuring and remodeling the kitchen with more attractive looks and features has become a trend. The significant share of the modular kitchen market is driven by a rising middle-class population and increasing partnerships between contractors and real estate project developers for designing modular kitchens. Rising nuclear families and a preference for small houses and space-saving ideas are driving the growth of the modular kitchen market.
Over the last few years, the kitchen market in India has witnessed an inclination towards modern designs and comfort. Among Indian consumers, the kitchen is no longer considered a separate unit but a regular space for socializing, relaxation, and imaginativeness. With consumers showcasing an inclination to experiment with design, textures, and adolescent color combinations, manufacturers have been set free to offer consumers world-class products. Consumers are progressively looking at premium plans and features such as magic corners and kitchen island concepts to add more luxury touch to the cooking space.
India Modular Kitchen Market Trends
Expanding Online Distribution Channel is Driving the Market
These online platforms allow customers to design their kitchens according to their choice, needs, and budget. With the business expansion strategy of companies including Panasonic, TTK Prestige, and Johnson into modular kitchen space, the number of branded modular kitchens available online in Tier 2 and Tier 3 cities of India is increasing. The increase in the availability of types of modular kitchens, including L-shaped, U-shaped, Simple kitchen designs, and Island kitchens by the distributors, is leading to more consumers adopting modular kitchens. In addition, the revenue of kitchen furniture in India is observing continuous growth with an increasing share of sales through online channels, providing buyers with discounts and other lucrative offers, generating a positive externality for online sales of Modular kitchens in India.
Rising Share Of Residential Segment in India Modular Kitchen Market
The growing middle class is driving the modular kitchen market, with rising income levels and improving living standards. The growth of the residential construction industry is expected to be a key driver for the market, with an increase in the number of kitchen spaces in India. Rising demand for space-saving and efficient storage that optimizes usage of small spaces among consumers is expected to raise demand for modular kitchens.
Annual household consumption expenditure in India is observing continuous growth in metropolitan cities of Delhi, Mumbai, Bangalore, Ahmedabad, and others, which exist among the cities with leading expenditure and higher penetration of modular kitchens. This trend is leading global players operating in modular kitchens to establish their stores and supply chain network in major Indian cities, where they expect positive market growth with rising employment and residential units.
India Modular Kitchen Industry Overview
The modular kitchen market is fragmented, with many small and regional competitors present in the market. Manufacturers are strategically involved in expanding their business by merging and acquiring companies in the market. The market is dominated by several small players holding a market share of more than 80%. The companies in the organized sector are executing strategies to expand their business into Tier II and Tier III cities. Some Existing players in India's Modular Kitchen market are Hettich India Private Limited, Sleek International Private Limited, Godrej & Boyce Manufacturing Company Limited, Hafele India Private Limited, and Meine Kuche India Pvt. Ltd.
India Modular Kitchen Market Leaders
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Hettich India Private Limited
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Sleek International Private Limited
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Godrej & Boyce Manufacturing Company Limited
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Hafele India Private Limited
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Meine Kuche India Pvt. Ltd.
*Disclaimer: Major Players sorted in no particular order
India Modular Kitchen Market News
- In November 2022: Ultrafresh Modular Solutions, which is a subsidiary of TTK Prestige, launched its studio in Tiruppur (Tamil Nadu). Spread across around 1,200 sq. ft, it will be the eighth studio of Ultrafresh, providing a range of modular kitchens, wardrobes, and display units under the company’s ‘One-Stop-Shop’ format.
- In April 2023: Dona Modular Systems bagged "the Kitchen Retailer Award, 2023" from The India Kitchen Congress for its innovative modular kitchen offerings. Dona Modular System premium kitchen provides clients with an ideal blend of European aesthetics and Indian functionalities, with Indian households being massively influenced by the look, feel, and appeal of European interiors.
India Modular Kitchen Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions and Market Definition
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
- 4.1 Market Overview
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4.2 Market Drivers
- 4.2.1 Increasing in expenditure on Kitchen Renovation
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4.3 Market Restraints
- 4.3.1 Increase in Price of Wooden material
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4.4 Market Opportunities
- 4.4.1 Online sales channels are increasing market reach of Modular kitchen
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4.5 Industry Attractiveness - Porter's Five Forces Analysis
- 4.5.1 Bargaining Power of Suppliers
- 4.5.2 Bargaining Power of Buyers
- 4.5.3 Threat of New Entrants
- 4.5.4 Threat of Substitutes
- 4.5.5 Intensity of Competitive Rivalry
- 4.6 Technological Innovations in India Modular Kitchen Market
- 4.7 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 By Product
- 5.1.1 Floor Cabinet & Wall Cabinets
- 5.1.2 Tall Storage Cabinets
- 5.1.3 Other Products
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5.2 By End-User
- 5.2.1 Residential
- 5.2.2 Commercial
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5.3 By Distribution Channel
- 5.3.1 Offline (Contractors, Builders, and Others)
- 5.3.2 Online
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
- 6.2 Mergers & Acquisitions
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6.3 Company Profiles
- 6.3.1 Hettich India Private Limited
- 6.3.2 Sleek International Private Limited
- 6.3.3 Godrej & Boyce Manufacturing Company Limited
- 6.3.4 Hafele India Private Limited
- 6.3.5 Meine Kuche India Pvt. Ltd.
- 6.3.6 Oren Kitchen Appliances Private Limited
- 6.3.7 IFB Industries Ltd.
- 6.3.8 Magppie Retail Limited
- 6.3.9 Lispo Kitchens Pvt. Ltd.
- 6.3.10 Ebco Private Limited*
- *List Not Exhaustive
7. MARKET FUTURE TREND
8. DISCLAIMER AND ABOUT US
India Modular Kitchen Industry Segmentation
Modular kitchen designs break down large systems into essential parts to meet various customer needs, replicating flexibility and agility at the installation site. These layouts maximize efficiency and elegantly supplement storage systems by utilizing every nook and corner of the area in context. The study briefly describes the India modular kitchen market and includes details on modular kitchen market size, investment by the manufacturers, and technological innovations in modular kitchens. The India modular kitchen market is segmented by product, by end-user, and by distribution channel. By product, the market is segmented into floor cabinets and wall cabinets, tall storage cabinets, and others. By end user, the market is segmented into residential, and commercial. By distribution channel, the market is segmented into offline which is further segmented into contractors, builders, and others, and by online. The report also covers the market sizes and forecasts for the India modular kitchen market in value (USD) for all the above segments.
| By Product | Floor Cabinet & Wall Cabinets |
| Tall Storage Cabinets | |
| Other Products | |
| By End-User | Residential |
| Commercial | |
| By Distribution Channel | Offline (Contractors, Builders, and Others) |
| Online |
India Modular Kitchen Market Research FAQs
How big is the India Modular Kitchen Market?
The India Modular Kitchen Market size is expected to reach USD 4.56 billion in 2024 and grow at a CAGR of 24.36% to reach USD 13.57 billion by 2029.
What is the current India Modular Kitchen Market size?
In 2024, the India Modular Kitchen Market size is expected to reach USD 4.56 billion.
Who are the key players in India Modular Kitchen Market?
Hettich India Private Limited, Sleek International Private Limited, Godrej & Boyce Manufacturing Company Limited, Hafele India Private Limited and Meine Kuche India Pvt. Ltd. are the major companies operating in the India Modular Kitchen Market.
What years does this India Modular Kitchen Market cover, and what was the market size in 2023?
In 2023, the India Modular Kitchen Market size was estimated at USD 3.45 billion. The report covers the India Modular Kitchen Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the India Modular Kitchen Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
India Modular Kitchen Industry Report
Statistics for the 2024 India Modular Kitchen market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. India Modular Kitchen analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
