Global Kitchen Furniture and Fixtures Market, By Type (Furniture, Fixtures), Material (Metal, Wood, Other Material Types), End-User (Commercial, Household), Distribution Channel (Online, Offline) – Industry Trends and Forecast to 2029.
Market Analysis and Size
The popularity of modular kitchens and smart kitchens has skyrocketed, resulting in an increase in kitchen remodeling and restoration projects. Furthermore, the demand for multi-functional and adaptable items, as well as a growing inclination toward the kitchen aesthetic, are anticipated to rapidly expand the growth of the market over the forested time period.
Global Kitchen Furniture and Fixtures Market was valued at USD 14,5512 million in 2021 and is expected to reach USD 187,213.2 million by 2029, registering a CAGR of 3.2% during the forecast period of 2022-2029. The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behavior.
Market Definition
The kitchen furniture and fixtures are basically larger pieces of movable equipment that are generally used to furnish the kitchen. The kitchen furniture and fixtures also include the products used in kitchen décor. They are used in kitchens to store food, cooking equipment, and, in certain cases, silverware and plates for table service.
Report Scope and Market Segmentation
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019 - 2014)
|
|
Quantitative Units
|
Revenue in USD Billion, Volumes in Units, Pricing in USD
|
|
Segments Covered
|
By Type (Furniture, Fixtures), Material (Metal, Wood, Other Material Types), End-User (Commercial, Household), Distribution Channel (Online, Offline)
|
|
Countries Covered
|
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
|
|
Market Players Covered
|
Al Meera (UAE), American Woodmark Corporation (U.S.), Ballingslöv International AB (Sweden), Black Red White (Poland), Boffi S.p.A (Italy), Bulthaup (Germany), Cabico Inc(Canada), Cabinetworks Group (U.S.), Godrej Interio (India), Golden Home Cabinets (China), Häcker Küchen (Germany), Haier Inc., (China), Hanssem Co. Ltd., (South Korea), Howdens Joinery Ltd., (UK), IKEA (Sweden), Interwood (India), Itatiaia (Brazil), Lixil (Japan)
|
|
Market Opportunities
|
|
Kitchen Furniture and Fixtures Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- High Preference For Kitchen Remodelling
There has been increase in kitchen remodeling as well as renovation activities especially amongst developing economies. Moreover, the millennials as well as GenZers show increased inclination towards the aesthetic, which also boosts the market growth. Also, the theme based home décor along with the various trends of home renovation are also projected to create outstanding demand for the kitchen furniture and fixtures services during the forecasted period.
The surging urbanization and remodeling in residential kitchens will further propel the growth rate of kitchen furniture and fixtures market. Additionally, the changing consumer lifestyle and increasing income level will also drive market value growth over forecasted timeframe. Furthermore, the increased requirement of home décor across commercial users also boosts the overall market’s growth.
Opportunities
- Advancements and Versatility of Products
Furthermore, the advances in delivery options through e-commerce platforms further extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Additionally, the availability of wide range of products which are multi-functional and versatile will further expand the future growth of the kitchen furniture and fixtures market.
Restraints/Challenges
- High Costs
However, the high initial capital and maintenance costs are anticipated to negatively influence on the customer inclinations towards the new product advancements. This factor will create hindrances for the growth of the kitchen furniture and fixtures market.
- Negative Impact of COVID
There has been halt of various operations due to COVID-19. The supply chains were also disrupted and the manufacturing activities were suspended. Therefore, this factor is anticipated to challenge the kitchen furniture and fixtures market growth rate.
This kitchen furniture and fixtures market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the kitchen furniture and fixtures market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Kitchen Furniture and Fixtures Market
The recent outbreak of coronavirus had a huge impact on the kitchen furniture and fixtures market. The market was largely hampered due to the lockdowns implemented by the government to curb the disease. The implementation of various restrictive measures further led to the halt of various manufacturing as well as supplying activities. Additionally the lesser workforce impeded the manufacturing activities thus, resulting in financial setback for the market.
On the brighter side, the increase in online sale of various kitchen furniture and fixtures have largely helped the market to gain growth even during the pandemic. The advances in delivery options through e-commerce platforms is anticipated to expand the market growth. Additionally, the decline in COVID cases have further led to relaxation of the restrictive measures, which will result in the market recovery. Therefore, the post pandemic period will witness various growth opportunities for the market.
Global Kitchen Furniture and Fixtures Market Scope
The kitchen furniture and fixtures market is segmented on the basis of type, material, end-user and distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Type
- Furniture
- Fixtures
On the basis of type, the kitchen furniture and fixtures market has been segmented into furniture and fixtures.
Material
- Metal
- Wood
- Other Material Types
The kitchen furniture and fixtures market has also been segmented on the basis of material into metal, wood and other material types.
End-User
- Commercial
- Household
On the basis of end-user, the kitchen furniture and fixtures market is segmented into commercial and household.
Distribution Channel
- Online
- Offline
On the basis of distribution channel, the kitchen furniture and fixtures market is segmented into online and offline.
Kitchen Furniture and Fixtures Market Regional Analysis/Insights
The kitchen furniture and fixtures market is analyzed and market size insights and trends are provided by country, type, material, end-user and distribution channel as referenced above.
The countries covered in the kitchen furniture and fixtures market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
North America dominates the kitchen furniture and fixtures market because of the increase in the adoption of smart kitchen appliances due to rise in trend of modular kitchen among consumers within the region.
Asia-Pacific on the other hand, is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the increase income level and rising middle class population in the emerging economies within the region.
The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Kitchen Furniture and Fixtures Market Share Analysis
The kitchen furniture and fixtures market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to kitchen furniture and fixtures market.
Some of the major players operating in the kitchen furniture and fixtures market are:
- Al Meera (UAE)
- American Woodmark Corporation (U.S.)
- Ballingslöv International AB (Sweden)
- Black Red White (Poland)
- Boffi S.p.A (Italy)
- Bulthaup (Germany)
- Cabico Inc(Canada)
- Cabinetworks Group (U.S.)
- Godrej Interio (India)
- Golden Home Cabinets (China)
- Häcker Küchen (Germany)
- Haier Inc., (China)
- Hanssem Co. Ltd., (South Korea)
- Howdens Joinery Ltd., (UK)
- IKEA (Sweden)
- Interwood (India)
- Itatiaia (Brazil)
- Lixil (Japan)
SKU-