Modular Kitchen Market Type, Design, Material, and Distribution Channel: Global Opportunity Analysis and Industry Outlook, 2020-2030
– Shankar Bhandelkar
PORTLAND, Oregon, US, Jan 28, 2022 / EINPresswire.com/ – Allied Market Research has published a new report titled “Modular Kitchen Market” that provides a comprehensive analysis of key growth strategies, drivers, opportunities, key sector and analysis of Porter’s Five Forces and competitive landscape. This study is a useful source of information for market players, investors, VP, stakeholders, and new entrants to gain a comprehensive understanding of the industry and to identify steps to be taken to gain a competitive advantage.
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The increase in the population and the rise in the disposable income of the consumers has increased the purchasing power of the consumers, thus encouraging them to spend more on the products that provide them convenience and comfort. Rapid growth in the residential construction industry and changes in consumers’ lifestyle from living in a shared family to a nuclear family are the main factors driving the growth of the modular kitchen market.
Modular kitchens are not only aimed at improving the appearance of the kitchen or the home in general, but they also save space, provide convenient and efficient storage of kitchen essentials such as utensils, appliances and groceries with optimum use of small spaces, give space a clean look.
New products with enhanced capabilities have been launched by leading market players. They have taken steps to improve hardware accuracy and general functionality as well. An island modular kitchen is one of the most common types of prefab kitchens. This model not only gives a great cooking experience, but also provides plenty of storage space without visible clutter in the kitchen. It is a highly adaptable model as it gives freedom to use the kitchen space through consumer convenience in storage and also for the purpose of dining as well.
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Geographical analysis – North America (US, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, rest of Europe), Asia Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, rest of Asia Pacific), Llama (Middle East, Brazil, rest of the region lamia)
The major market players mentioned in the report include Hafele GmbH & Co. KG, Nobia AB, Hacker Kuchen GmbH & Co. KG and Nobilia GB Ltd. and LINEADECOR, Snaidero Cucine, Bulthaup, and Boston Cabinets Inc. and Pedini, SieMatic, and Hettich Group.
COVID-19 scenario analysis:
The Corona virus has spread all over the world, and most countries are taking closure measures to control the spread of the virus and secure public health. All commercial and production activities have been completely closed except for the necessary activities such as the food sector, medicine or others, which leads to an economic crisis in the country. Manufacturing and production jobs have come to a halt causing businesses to slow down, and inactive trade and transportation have also disrupted the entire supply chain with the possibility that businesses will face major losses in the near future.
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The main benefits of the report:
○ This study presents an analytical portrayal of the global kitchen industry along with current trends and future estimates to identify imminent pockets of investment.
○ The report presents the information related to the major drivers, restraints, and opportunities along with a detailed analysis of the global kitchen market share.
○ The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the global kitchen market.
○ Porter’s Five Forces analysis shows the effectiveness of buyers and suppliers in the market.
○ The report provides a detailed analysis of the global modular kitchen market based on competitive intensity and how the competition will shape in the coming years.
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