The new report recognizes the following companies as the key players in the Modular Kitchen Market in India: Godrej and Boyce Mfg. Co. Ltd., IFB Industries Ltd., Oren Kitchen Appliances Pvt. Ltd., Sleek International Pvt. Ltd. and Veneta Cucine CC India Pvt. Ltd.
Other Prominent Vendors in the market are: Häcker Küchen, Hindware Home Retail, Poggenpohl, Scavolini Kitchen Designs, and Zuari Furniture (Indian Furniture Products).
Commenting on the report, an analyst from the report's team said: “One of the major trends in the market is the entry of a number of foreign players in the market in India. The foreign vendors entering the market are engaging in tie-ups and joint ventures with domestic players for assistance in the sales and distribution of their products.”
According to the report, one of the main drivers in this market is an increase in the number of residential projects in the country because of which there is an eminent rise in demand for customized kitchens. This has led to the growth of the Modular Kitchen market in India as a whole.
Further, the report states that one of the main challenges in this market are the high prices of branded modular kitchens because of which customers often opt for personalized designs offered by local carpenters, decreasing the market share of the organized segment.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.