Washington Magazine

GCC Modular Kitchen Market 2018: Industry Trends, Growth, Demand, Share, Opportunities and Forecast till 2023

 Breaking News
  • No posts were found

GCC Modular Kitchen Market 2018: Industry Trends, Growth, Demand, Share, Opportunities and Forecast till 2023

October 25
22:16 2018

GCC Modular Kitchen Market Influenced by Growth in the Residential Vertical
Over the recent years, the GCC modular kitchen market has witnessed a positive growth on account of constant development in the residential construction sector. This growth can also be attributed to the wide range of designs which are available in the market.

The latest report by IMARC Group, entitled “GCC Modular Kitchen Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023”, estimates that the GCC modular kitchen market reached a value of US$ X Million in 2017. At present, the GCC region has been observing rising levels of economic growth and sedentary lifestyles. Additionally, burgeoning population, urbanisation and westernization have led to a strong growth in the housing sector, resulting in the soaring demand for modular kitchens in the region. Moreover, on account of long and hectic work routines, most of the people living in the GCC region prefer time-saving and convenient housing solutions like modular kitchens as they make everyday kitchen chores easy owing to their convenience, flexibility as well as functionality. Modular kitchens are designed using a range of fixtures and factory-made cabinet modules in order to facilitate effective usage of the kitchen space. They primarily consist of countertop, chimney, wash-basins, dishwashers, cooking stoves, ovens and microwaves.

The countries in the GCC region are currently witnessing inflating real estate prices and overcapacity. Despite this, there is a strong demand for residential buildings which is giving a rise to the construction of apartment buildings as they are compact in sizes, thereby burgeoning the demand for modular kitchens in the region. Apart from this, modular kitchens are available in a wide variety of designs which can be customised as per the requirements of the consumers. They can easily colour coordinate their kitchens based on the house décor within the limits of their budget. Moreover, modular kitchen can be assembled as well as dismantled easily as majority of its parts are prefabricated in factories. It also caters the facility of changing a single unit in case of a damage instead of replacing the entire system. Further, cleaning as well as maintaining a modular kitchen takes relatively less time and effort. As a result of the aforementioned forces, the market value is projected to exceed US$ X Million by 2023, expanding at a CAGR of X% during 2018-2023.

Request For Free Sample Pdf Copy @ https://www.imarcgroup.com/request?type=report&id=1059&flag=B

Market Summary:

  • Based on product type, the market has been segmented into floor cabinet, wall cabinet and tall storage. Presently, floor cabinet accounts for the dominant share in the market.
  • On the basis of design, the GCC modular kitchen market has been segregated into L-shape, U-shape, parallel, straight, island and peninsula.
  • Based on material used, lacquer wood represents the leading segment which is followed by high pressure laminates, wood veneers, melamine and metal.
  • On the basis of distribution channel, the market has been bifurcated into online and offline. Amongst these, offline exhibits a clear dominance in the market, holding the largest market share.
  • The market is also classified on the basis of region and Saudi Arabia represents the leading market, accounting for the majority of the total share. Saudi Arabia is followed by UAE, Qatar, Kuwait, Bahrain and Oman.

Browse related reports:

Modular Kitchen Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

Kitchen Towel Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Media Contact
Company Name: IMARC Group
Contact Person: Anand Ranjan
Email: Send Email
Phone: +1-631-791-1145
Country: United States
Website: https://www.imarcgroup.com/