Kitchen Cabinets Market Share, Size, Global Industry Analysis, Key Growth Drivers, and Forecast 2032
The India kitchen cabinets market size was valued at USD 7.86 billion in 2023. The market is expected to expand from USD 8.53 billion in 2024 to USD 17.67 billion by 2032, exhibiting a CAGR of 9.52% over the study period.
Kitchen cabinets are types of furniture deployed for the storage of dishes, cooking equipment, food items, and silverware. The surging inclination of consumers toward modern designs and the availability of smart kitchen closets with attributes, such as remote control, wireless charging stations, and temperature control are augmenting the market growth.
The COVID-19 pandemic hampered market growth, especially in 2020, owing to the implementation of lockdown, which led to a temporary shutdown of retail stores and manufacturing plants and impacted the sales and production. In addition, the market witnessed hindrances owing to a reduction in demand for non-essential products and upheavals in construction activities.
Fortune Business Insights™ provides this information in its research report, titled “India Kitchen Cabinets Market, 2024-2032”.
List of Key Players Mentioned in the Report:
- Spacewood (India)
- HomeLane (India)
- Livespace (India)
- Blum (Austria)
- Hettich (Germany)
- Sleek International Pvt Ltd (India)
- Godrej Interio (India)
- Grass (Austria)
- Ebco (India)
- Panasonic (Japan)
- Tusker (India)
- Magppie (India)
- Hacker (Germany)
- KOXYGEN (India)
- nobilia-Werke J. Stickling GmbH & Co. KG (Germany)
- Inter IKEA Systems B.V (Netherlands)
- Oppein Home Group Inc (China)
- Hafele (Germany)
- Nolte (Germany)
Information Source: https://www.fortunebusinessinsights.com/kitchen-cabinets-market-109890
Segmentation:
Wood Segment Dominated Owing to Durable Nature
On the basis of materials, the market is divided into metal, glass, plastic, wood, and others. The wood segment registered the largest India kitchen cabinets market share in 2023. The strength and durability offered by wooden kitchen cupboards boost their demand.
Presence of Stock Kitchen Cabinets in Different Trending Finishes to Bolster Segment Growth
In terms of category, the market is segregated into semi-custom kitchen cabinets, stock kitchen cabinets, and custom kitchen cabinets. The stock kitchen cabinets segment is set to register the largest share in the forthcoming years. Stock kitchen cabinets are available in different trending finishes and designs, which offer ease to customers in finding an alternative that suits their kitchen design without customization.
Shaker Kitchen Cabinets Segment Led Owing to Low Maintenance Requirement
With respect to style, the market is segmented into shaker kitchen cabinets, wall kitchen cabinets, beaded kitchen cabinets, base kitchen cabinets, tall-standing kitchen cabinets, flat panel kitchen cabinets, and others. The shaker kitchen cabinets segment registered the largest share in 2023 on the account of the simplicity of design and low maintenance needed in these cabinets, which boosted their sales.
Surging Residential Facilities to Spur Segment Expansion
On the basis of application, the market is bifurcated into residential and commercial. The residential segment is slated to occupy the largest share during the forecast period with the surging preferences of homeowners for luxury kitchen furniture products coupled with rising residential facilities.
Report Coverage
The report comprehensively analyzes the significant factors affecting the market growth. In addition, it highlights the major segments, key industry developments, the latest trends, and the impact of the COVID-19 pandemic on the market growth. Other elements of the report include the strategic initiatives adopted by prominent companies to gain a competitive edge.
Drivers and Restraints:
Growing Demand for Eco-friendly and Sustainable Materials to Spur Market Expansion
The growing number of eco-conscious consumers across the country, coupled with the quick evolution of the trend of sustainability, boosts the demand for eco-friendly kitchen closets made from sustainable materials. In addition, the uptake of reclaimed bamboo cabinets, Forest Survey of India (FSI) certified cabinets, and wood cabinets in India increases owing to the growing consumer consciousness pertaining to buying decision’s environmental and social influence.
However, the huge presence of unorganized players, along with the steep cost of premium cupboards, may hamper the India kitchen cabinets market growth.
Competitive Landscape:
Top Players Leverage Capacity Expansion Strategies to Surge Geographical Hold
Key companies provide products in different colors, finishes, and designs to incline more customers while capturing a significant share. They focus on the expansion of their distribution channels and creating products with innovative attributes, including integrated lighting and soft-close mechanisms. Some players also emphasize capacity expansion strategies to boost their geographical hold.
Key Industry Development:
March 2022: Wurfel, a premium modular kitchen company based in India, announced the setup of its new studio in Delhi, India. The Victorian Kitchen depicted easy-to-use cabinets and stainless-steel sinks, whereas the Linear Kitchen showcased open cabinets and a laminate finish.
