The modular kitchen market in India is expected to reach a projected revenue of US$ 2,727.2 million by 2028. A compound annual growth rate of 23% is expected of India modular kitchen market from 2021 to 2028.
The India modular kitchen market generated a revenue of USD 519.3 million in 2020 and is expected to reach USD 2,727.2 million by 2028.
The India market is expected to grow at a CAGR of 23% 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 519.3 million
Market revenue in 2028
USD 2,727.2 million
Growth rate
23% (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, India accounted for 3.0% 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.
The demand for modular kitchens in the country has also increased due to rapid urbanization and development of the housing sector. Rising purchasing power of consumers, continuous growth in population, and government intervention to provide easy loans have led to a residential construction boom in the country.
Additionally, the Indian real estate sector is utilizing the built-up space in property segments such as shopping malls, offices, hospitals, logistical facilities, and offices. These factors have contributed to the overall growth of the modular kitchen market in the country.
Modular kitchens are an integral part of modern-day living. Hence, improving lifestyles and rising disposable incomes are other factors that have positively affected the growth of the market in the country.
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 34.59% in 2020.
Horizon Databook has segmented the India modular kitchen market based on l-shape, u-shape, parallel, straight, island covering the revenue growth of each sub-segment from 2015 to 2028.
The demand for modular kitchens in the country has also increased due to rapid urbanization and development of the housing sector. Rising purchasing power of consumers, continuous growth in population, and government intervention to provide easy loans have led to a residential construction boom in the country.
Additionally, the Indian real estate sector is utilizing the built-up space in property segments such as shopping malls, offices, hospitals, logistical facilities, and offices. These factors have contributed to the overall growth of the modular kitchen market in the country.
Modular kitchens are an integral part of modern-day living. Hence, improving lifestyles and rising disposable incomes are other factors that have positively affected the growth of the market in the country.
India Modular Kitchen Market Design Outlook (Revenue, USD Million , 2015-2028)
L-Shape
U-Shape
Parallel
Straight
Island
India Modular Kitchen Market Product Outlook (Revenue, USD Million , 2015-2028)
Floor Cabinet
Wall Cabinet
Tall Storage
India Modular Kitchen Market Material Outlook (Revenue, USD Million , 2015-2028)
Wood
Metal
Fiber or Plastic
Others
India 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 India modular kitchen market, including forecasts for subscribers. This country databook contains high-level insights into India modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.