Market Trends of Asia-Pacific Modular Kitchen Industry
This section covers the major market trends shaping the APAC Modular Kitchen Market according to our research experts:
Growing Demand for Modular Kitchens in India
The kitchen and Kitchenware industry in India is witnessing growth coupled with the fast pace of growth of the Indian economy. The kitchen market is one of the fastest-growing sectors with rising demand for Modular kitchens.
With an increasing urban population and higher disposable income, people are investing in making better homes with a well-decorated kitchen that they can be proud of. The functional aspect and the aesthetic design of the modular kitchen are making them the renowned choice for homeowners.
The rise in the number of households is one of the major factors in the growth of modular kitchen in the Indian subcontinent. Currently, the industry is fueled by several unorganized players which are both small firms and local vendors. The unorganized market includes carpenters that make customized kitchen designs based on the requirements of households.
Branded quality products are demanded for the construction of modular kitchens in the country. More than 80% of investments in modular kitchens comes from Tier 1 Cities such as Delhi, Mumbai, Bangalore, Pune, Chennai, Hyderabad and Calcutta.
Growing Population to Drive the Demand of Modular Kitchens in Asia-Pacific
The population is growing in the Asia -Pacific region and is projected to grow in the future also. Due to the traditional home concept in most Asia-Pacific countries including India and China, people like to cook at home. Eating and cooking are very precious to people in this region. Therefore, it is expected that people would look for renovating kitchens as per their needs or invest in long term kitchens. Modular kitchen designs are expected to be in demand when persons want to meet their kitchen needs by renovating a portion of the kitchen. The growing population along with the easy and convenient designing of modular kitchen designs is expected to propel the demand in the Asia-pacific region.
