Kitchen Island Market trends:
The commercial application segment is dominating the Kitchen Island Market with approximately 67% market share. Factors attributing to the growth of the segment in the market are increasing penetration of portable kitchenware and wooden kitchen islands in restaurants, hotels, and bars and high improvement for space modification in small kitchens. Moreover, a high abundance of commercial kitchenware distributers has posed opportunities for the market.
According to Bermex, Kitchen Island Market is expected to dominate the consumer goods industry during the forecast period owing to ergonomic Materials implemented by manufacturers in the product and flexible Kitchen Island designs and improving standards of manufacturing. According to researchers’ panel of the company, sales are expected to reach approximately 1.5 million units worldwide during the forecast period owing to high demand for creative designs in market.
North America is the dominating region in the market owing to well-established infrastructure capabilities and the growing inclination of manufacturers towards brand integration of the product in the region. Moreover, the rising adoption of technological advancements in the region is the key supporting factor considered to drive the market growth. The European market is expected to dominate during the forecast period with a CAGR of approximately 6% owing to the abundance of key players in the region. APAC regional market is expected to boost during the forecast period owing to increasing economic growth in the region. China is the dominating country in the region expected to register a CAGR of approximately 3.6% during the forecast period.
In a recent research report by Maximize Market Research, the Kitchen Island Market is expected to surpass US $XX million by the year 2026, from US $XX million in 2019.
Despite a huge decline in the sales of Kitchen Island during the initial phase of pandemic spread and lockdown restrictions all over the region, the market is observed to pick up a quick pace for registering a CAGR of almost more than 5%, during the tenure of 2020 – 2026.
The report published by Maximize encompasses the market dynamics, which could affect the market growth of white goods in the region, the Value – Chain analysis, and the PORTER’s analysis for the white goods market at a global level.
The study is consolidated on the basis of four major segments and further into sub-segments, Product Type (portable and fixed), Distribution Channel (specialty stores, online retailers, supermarkets/hypermarkets, independent vendors and brand outlets), by Material (marbles/granite, ceramic, glass, wood and plywood) and by Applications (commercial and residential) to forecast the market value; Also includes the analysis of past market dynamics from 2016 – 2019, considering 2019 as the base year. Lastly, the market research report provides a regional comparison and a complete country level analysis for the latest trends, along with the major key players- Twin Star International, Bermex, L.L. Johnson Lumber, Oldcastle Masonry, Canadel, Bassett, Powell Furniture, Home Styles, Acme Furnitures, Langria, Winsome Wood, Seville Classics, Trinity, Linon Home Décor, Wenko, Uloft, Martha Stewart Living, Ameriwood, Crosley, Chris and Chris, South Shore Furniture.
You can browse the market data Tables and Figures spread through a comprehensive research report and in-depth TOC on “Global Kitchen Island Market.”
https://www.maximizemarketresearch.com/market-report/global-kitchen-island-market/107830/
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MAXIMIZE MARKET RESEARCH PVT. LTD.
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