The modular kitchen market in China is expected to reach a projected revenue of US$ 2,667.4 million by 2028. A compound annual growth rate of 11.7% is expected of China modular kitchen market from 2021 to 2028.
The China modular kitchen market generated a revenue of USD 1,101.7 million in 2020 and is expected to reach USD 2,667.4 million by 2028.
The China market is expected to grow at a CAGR of 11.7% 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.
Modular kitchen market data book summary
Market revenue in 2020
USD 1,101.7 million
Market revenue in 2028
USD 2,667.4 million
Growth rate
11.7% (CAGR from 2020 to 2028)
Largest segment
L-shape
Fastest growing segment
Island
Historical data
2015 - 2019
Base year
2020
Forecast period
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, China accounted for 6.3% of the global modular kitchen market in 2020.
Country-wise, U.S. is expected to lead the global market in terms of revenue in 2028.
In Asia Pacific, India modular kitchen market is projected to lead the regional market in terms of revenue in 2028.
India is the fastest growing regional market in Asia Pacific and is projected to reach USD 2,727.2 million by 2028.
Over the last decade, China has been the fastest-growing middle-income economy, which has enabled millions of people to own a home. This scenario bodes well for the overall modular kitchen market. Moreover, rapid urbanization and increased consumer spending have driven the country’s real estate sector, which is also likely to present the modular kitchen market with immense opportunities.
However, the COVID-19 pandemic has led to the slowdown of the construction industry in China. This has happened due to disruptions in the supply chain, with longer lead times and replenishment cycles in China.
The construction industry in China has a positive future but currently, there is a halt in the overall growth of the industry. It will take some time for China to recover from this impact, which will affect the overall demand for modular kitchens significantly.
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 35.01% in 2020.
Horizon Databook has segmented the China modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
Over the last decade, China has been the fastest-growing middle-income economy, which has enabled millions of people to own a home. This scenario bodes well for the overall modular kitchen market. Moreover, rapid urbanization and increased consumer spending have driven the country’s real estate sector, which is also likely to present the modular kitchen market with immense opportunities.
However, the COVID-19 pandemic has led to the slowdown of the construction industry in China. This has happened due to disruptions in the supply chain, with longer lead times and replenishment cycles in China.
The construction industry in China has a positive future but currently, there is a halt in the overall growth of the industry. It will take some time for China to recover from this impact, which will affect the overall demand for modular kitchens significantly.
China Modular Kitchen Market Design Outlook (Revenue, USD Million , 2015-2028)
L-Shape
U-Shape
Parallel
Straight
Island
China Modular Kitchen Market Product Outlook (Revenue, USD Million , 2015-2028)
Floor Cabinet
Wall Cabinet
Tall Storage
China Modular Kitchen Market Material Outlook (Revenue, USD Million , 2015-2028)
Wood
Metal
Fiber or Plastic
Others
China Modular Kitchen Market Distribution Channel Outlook (Revenue, USD Million , 2015-2028)
Offline
Online
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Horizon Databook provides a detailed overview of country-level data and insights on the China modular kitchen market, including forecasts for subscribers. This country databook contains high-level insights into China modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.