Kitchen Island Market size is expected to reach nearly US$ 14.58 Bn by 2029 with the CAGR of 5% during the forecast period.Kitchen Island Market Overview:
A kitchen island is a freestanding unit meant to augment the functionality and aesthetics of the cooking area at home. It consists of stools, drawers, extra storage space for ovens and fireplace, and extra space for cabinets. The traditional unit is rectangular, with one section of it often used as a breakfast counter. You can use it as a breakfast and prep area, fill it to the brim with storage.To know about the Research Methodology :- Request Free Sample Report
Kitchen Island Market Dynamics:
Changing Lifestyles, increasing demand for storage cabinets for kitchen utensils, redefining kitchen spaces are the factors driving the demand for Kitchen Island. Rising High disposable income and demand for modular kitchen is driving the growth of the Kitchen Island Market. Kitchen islands are available in various designs, price ranges and can be customized according to consumer needs depending on their budget, preference, and taste of them. They can color coordinate with the kitchen or with a house theme. The market is driven by the rise in the residential and commercial construction industry. The rise in hotels, restaurants is surging the demand for Kitchen Island in their kitchen. These factors are driving the growth of the product in the market. The storage space offered to the consumer is the most appealing feature of the product and especially when the kitchen has less space. Electrical outlets to operate appliances, dishwashers or ovens can be installed beneath the countertop, highlighting the overall style of the kitchen. These factors are driving the demand in the market across the globe. Increasing consumer preferences towards the smart kitchen and high-class kitchenware. The kitchen island can be customized with built-in functions required according to the consumers. These will drive the market demand with the introduction of AI and ML in the market. Market trends and challenges are analyzed and compiled in the report. The data of 2022 is considered for a better understanding of the client. Moreover, Analytics of the market is based on real numbers of past years from 2018 to 2022 with market forecast until 2029.Kitchen Island Market Segment Analysis:
By Product, the Portable segment dominated the market with a 54 % share in 2022. It comes with rollers at the bottom and can be placed according to the interior design of the home. Innovative designs for storage and increased usage in kitchens, hotels, bars, etc. as rolling kitchen tables are the major factors driving the market growth of this segment. The fixed segment is expected to grow at a CAGR of 3 % through the forecast period. Increased households, vacations homes are installing a fixed kitchen island. These factors are expected to drive the market growth of the segment. By Distribution Channel, Specialty stores dominated the market with a 40 % share in 2022. Wide range of products, availability, hands-on experience taken by consumers to check and assure product quality. These are the factors driving the growth of the market. They provide customized products to the customer and also can make any item available for the consumers at affordable rates even overseas delivery option is available to the consumer. Online is expected to grow at a CAGR of 4 % through the forecast period. A wide range of designs, materials, sizes, etc., and exclusive discounts, ease of payment, etc. are the factors expected to drive the growth of the segment in the kitchen island market. By Material, Wooden Material dominated the market with a 34 % share in 2022. Robust designs made of wooden material and natural, aesthetic looks and cheap cost of the wooden material, low operational cost are the major factors driving the market growth of wooden kitchen islands. New interior designs are making use of wooden material to give an elegant and traditional look to the house thus driving the market demand for the product. Granite is expected to grow at a CAGR of 2.2 % through the forecast period. A wide range of designs, luxurious look, and best quality are the factors driving the demand for this segment. The growth is restrained by the cost, the cost of granite and operational cost is expensive than others.
Regional Insights:
North America dominated the market with a 42 % share in 2022. The highly growing urban lifestyle and increasing disposable income are the factors driving the growth of the Kitchen Island Market. The high inclination of consumers towards convenient and functional kitchenware accommodation in this region is the major factor driving the market growth of Kitchen Island. Europe is expected to grow at a CAGR of 11 % through the forecast period. Increasing investment of key players, advanced technology adoption, and the trend of lavish kitchenware settings are the factors expected to drive the growth of the kitchen island market. The objective of the report is to present a comprehensive analysis of the Kitchen Island market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants. PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding the market dynamics, structure by analyzing the market segments and projecting the Kitchen Island market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the Kitchen Island market make the report investor’s guide.Kitchen Island Market Scope: Inquire before buying
Kitchen Island Market Base Year 2022 Forecast Period 2023-2029 Historical Data CAGR Market Size in 2022 Market Size in 2029 2018 to 2022 5% US$ 10.36 Bn US$ 14.58 Bn Segments Covered by Product Portable Fixed by Distribution Channel Specialty Stores Supermarkets Online Stores Others by Material Wood Glass Granite Others Regions Covered North America United States Canada Mexico Europe UK France Germany Italy Spain Sweden Austria Rest of Europe Asia Pacific China S Korea Japan India Australia Indonesia Malaysia Vietnam Taiwan Bangladesh Pakistan Rest of APAC Middle East and Africa South Africa GCC Egypt Nigeria Rest of ME& South America Brazil Argentina Rest of South America Key Players
1. Twin Star International 2. Bermex 3. L.L. Johnson Lumber 4. Pottery barn 5. Oldcastle Masonry 6. Canadel 7. Bassett 8. Powell Furniture 9. Home Styles 10. Acme Furnitures 11. Langria 12. Winsome Wood 13. Seville Classics 14. Trinity 15. Linon Home Décor 16. Wenko 17. Uloft 18. Martha Stewart Living 19. Ameriwood 20. Crosley 21. Chris and Chris 22. South Shore Furniture Frequently Asked Questions: 1. Which region has the largest share in Global Kitchen Island Market? Ans: Asia Pacific region held the highest share in 2022. 2. What is the growth rate of Global Kitchen Island Market? Ans: The Global Kitchen Island Market is growing at a CAGR of 5% during forecasting period 2023-2029. 3. What is scope of the Global Kitchen Island Market report? Ans: Global Kitchen Island Market report helps with the PESTEL, PORTER, COVID-19 Impact analysis, Recommendations for Investors & Leaders, and market estimation of the forecast period. 4. Who are the key players in Global Kitchen Island Market? Ans: The important key players in the Global Kitchen Island Market are – Seville Classics, Trinity, Linon Home Décor, Wenko, Uloft, Martha Stewart Living, Ameriwood, Crosley, Chris and Chris, and South Shore Furniture. 5. What is the study period of this Market? Ans: The Global Kitchen Island Market is studied from 2022 to 2029.
1. Global Kitchen Island Market: Research Methodology 2. Global Kitchen Island Market: Executive Summary 2.1. Market Overview and Definitions 2.1.1. Introduction to Global Kitchen Island Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Kitchen Island Market: Competitive Analysis 3.1. MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2. Consolidation in the Market 3.2.1 M&A by region 3.3. Key Developments by Companies 3.4. Market Drivers 3.5. Market Restraints 3.6. Market Opportunities 3.7. Market Challenges 3.8. Market Dynamics 3.9. PORTERS Five Forces Analysis 3.10. PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • Latin America 3.12. COVID-19 Impact 4. Global Kitchen Island Market Segmentation 4.1. Global Kitchen Island Market, by Product (2022-2029) • Portable • Fixed 4.2. Global Kitchen Island Market, by Distribution Channel (2022-2029) • Specialty Stores • Supermarkets • Online Stores • Others 4.3. Global Kitchen Island Market, by Material (2022-2029) • Wood • Glass • Granite • Others 5. North America Kitchen Island Market(2022-2029) 5.1. Global Kitchen Island Market, by Product (2022-2029) • Portable • Fixed 5.2. Global Kitchen Island Market, by Distribution Channel (2022-2029) • Specialty Stores • Supermarkets • Online Stores • Others 5.3. Global Kitchen Island Market, by Material (2022-2029) • Wood • Glass • Granite • Others 5.4. North America Kitchen Island Market, by Country (2022-2029) • United States • Canada • Mexico 6. European Kitchen Island Market (2022-2029) 6.1. European Kitchen Island Market, by Product (2022-2029) 6.2. European Kitchen Island Market, by Distribution Channel (2022-2029) 6.3. European Kitchen Island Market, by Material (2022-2029) 6.4. European Kitchen Island Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Kitchen Island Market (2022-2029) 7.1. Asia Pacific Kitchen Island Market, by Product (2022-2029) 7.2. Asia Pacific Kitchen Island Market, by Distribution Channel (2022-2029) 7.3. Asia Pacific Kitchen Island Market, by Material (2022-2029) 7.4. Asia Pacific Kitchen Island Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Kitchen Island Market (2022-2029) 8.1. Middle East and Africa Kitchen Island Market, by Product (2022-2029) 8.2. Middle East and Africa Kitchen Island Market, by Distribution Channel (2022-2029) 8.3. Middle East and Africa Kitchen Island Market, by Material (2022-2029) 8.4. Middle East and Africa Kitchen Island Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. Latin America Kitchen Island Market (2022-2029) 9.1. Latin America Kitchen Island Market, by Product (2022-2029) 9.2. Latin America Kitchen Island Market, by Distribution Channel (2022-2029) 9.3. Latin America Kitchen Island Market, by Material (2022-2029) 9.4. Latin America Kitchen Island Market, by Country (2022-2029) • Brazil • Argentina • Rest Of Latin America 10. Company Profile: Key players 10.1. Twin Star International 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2. Bermex 10.3. L.L. Johnson Lumber 10.4. Oldcastle Masonry 10.5. Canadel 10.6. Bassett 10.7. Powell Furniture 10.8. Home Styles 10.9. Acme Furnitures 10.10. Langria 10.11. Winsome Wood 10.12. Seville Classics 10.13. Trinity 10.14. Linon Home Décor 10.15. Wenko 10.16. Uloft 10.17. Martha Stewart Living 10.18. Ameriwood 10.19. Crosley 10.20. Chris and Chris 10.21. South Shore Furniture.