Global Kitchen Furniture and Fixtures Market is valued at approximately USD xx billion in 2021 and is anticipated to grow with a healthy growth rate of more than 3.5% over the forecast period 2022-2028. Kitchen Furniture and Fixtures include kitchen d?cor, cabinets, lighting materials, and others to improve the utility and appearance of furniture in the kitchen. The rising value of the furniture market worldwide is driving the market. For instance, according to Statista, value of the furniture market worldwide is projected to increase from USD 509.8 billion in 2020 to USD 650.7 billion by 2027. Furthermore, the total market is also expected to be driven by the increasing urbanization around the world. According to World Bank, there has been an increase in urban population worldwide (% of total population) from 55.277% in 2018 to 56.156% in 2020. Also, launch of new products, increased spending capacity of customers, and growth in the hotel industry are likely to increase the market growth during the forecast period. However, high cost of repair and maintenance impedes the growth of the market over the forecast period of 2022-2028.
The key regions considered for the Global Kitchen Furniture and Fixtures Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific is the leading region across the world in terms of market share and is also anticipated to exhibit the highest growth rate over the forecast period 2022-2028 owing to the rising disposable income, rising urban population, and growing tourism hospitality.
Major market players included in this report are:
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
Rest of the World
Furthermore, years considered for the study are as follows:
Historical year – 2018, 2019, 2020
Base year – 2021
Forecast period – 2022 to 2028
Target Audience of the Global Kitchen Furniture and Fixtures Market in Market Study:
Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Value-Added Resellers (VARs)
Third-party knowledge providers