Market Trends of Modular Kitchen Industry
L-shaped Designs are Widely Adopted in the Modular Kitchen Markets
The L-shaped layout of a kitchen is popular with consumers and brings in more money than other layouts. The L-shaped modular kitchen is preferred mostly because it is easily set up in small spaces. The L-shaped kitchen is gaining popularity among nuclear families with space constraints as it offers efficient utilization of floor spaces. They also have separate parts for cooking and cleaning. Moreover, they are easily adopted in open kitchen styles by offering large spaces to store cookware, etc. However, island kitchen designs that are stylish and functional are expected to grow fastest in the modular kitchen design segment.
Asia-Pacific Region is Expected to Grow Fastest Among the Regions
Europe is leading the modular kitchen furniture market by holding the highest share of the market. The region is held by many manufacturers and architects that contribute to the growth of the market. Germany, the United Kingdom, Italy, Poland, and France are leading the market in both consumption and production terms. Eastern European nations are also expected to see high growth in the forecasted period. The Asia-Pacific market is expected to witness the highest growth due to rising construction expenditure and urbanization in countries like India, China, Malaysia, Indonesia, and Japan. Asia-Pacific is dominating the market due to a rise in consumer spending on modular kitchens in the renovation of homes and furniture in the region. The rise in investments and initiatives towards construction activities for both commercial and residential purposes is propelling the region's demand for modular kitchens.
