The modular kitchen market in Latin America is expected to reach a projected revenue of US$ 2,243.6 million by 2028. A compound annual growth rate of 5.7% is expected of Latin America modular kitchen market from 2021 to 2028.
The Latin America modular kitchen market generated a revenue of USD 1,444.1 million in 2020.
The market is expected to grow at a CAGR of 5.7% 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.
Country-wise, Brazil is expected to register the highest CAGR from 2021 to 2028.
Latin America data book summary
Market revenue in 2020
USD 1,444.1 million
Market revenue in 2028
USD 2,243.6 million
Growth rate
5.7% (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, Latin America region accounted for 8.3% 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.
The Central & South America modular kitchen market is characterized by rapid urbanization and the resulting demand for housing units. The region is home to fast developing economies such as Brazil, the Caribbean, Peru, Uruguay, Colombia, and Chile.
Traditionally, Central & South America has been laden with unorganized housing locales in rural areas, with little access to consumer markets. However, economic growth and movement & migration of people have led to many cities witnessing exponential population growth and a considerable need for housing.
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 33.97% in 2020.
Horizon Databook has segmented the Latin 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.
The Central & South America modular kitchen market is characterized by rapid urbanization and the resulting demand for housing units. The region is home to fast developing economies such as Brazil, the Caribbean, Peru, Uruguay, Colombia, and Chile.
Traditionally, Central & South America has been laden with unorganized housing locales in rural areas, with little access to consumer markets. However, economic growth and movement & migration of people have led to many cities witnessing exponential population growth and a considerable need for housing.
Latin America Modular Kitchen Market Design Outlook (Revenue, USD Million , 2015-2028)
L-Shape
U-Shape
Parallel
Straight
Island
Latin America Modular Kitchen Market Product Outlook (Revenue, USD Million , 2015-2028)
Floor Cabinet
Wall Cabinet
Tall Storage
Latin America Modular Kitchen Market Material Outlook (Revenue, USD Million , 2015-2028)
Wood
Metal
Fiber or Plastic
Others
Latin America Modular Kitchen Market Distribution Channel Outlook (Revenue, USD Million , 2015-2028)
Offline
Online
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Horizon Databook provides a detailed overview of continent-level data and insights on the Latin America modular kitchen market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America modular kitchen market from 2015 to 2028, including revenue numbers, major trends, and company profiles.
Latin America Modular Kitchen Market, 2015-2028 (US$M)