DUBLIN--(BUSINESS WIRE)--The "Modular Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
The global modular kitchen market reached a value of around US$ 30 Billion in 2017. Looking forward, the market is further projected to exceed US$ 40 Billion by 2023, growing at a CAGR of around 5% during the next five years.
Modular kitchen is a term used for the modern kitchen furniture layout consisting of modules of cabinets made of diversified materials which hold accessories inside and can facilitate the effective usage of the spaces in a kitchen. They can be made from various materials like wood, high pressure laminate, melamine, etc. A modular kitchen can be custom designed and the consumers can choose between the type, design and material according to their taste, requirement and budget.
The market is also being driven by a strong growth in the residential construction industry. The global residential construction market was worth over US$ 4 Trillion in 2017 and is expected to exhibit double digit growth rates in the next five years. As a result of rising real estate prices, residential units have become more compact in size. Modular kitchen provide more flexibility and efficient management of space in small houses.
Key Topics Covered:
2 Scope and Methodology
3 Executive Summary
5 Global Modular Kitchen Market
6 Market Breakup by Product Type
7 Market Breakup by Design
8 Market Breakup by Material Used
9 Market Breakup by Distribution Channel
10 Market Breakup by Region
11 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/tbnpp5/30_billion?w=4