The Kitchen Cabinet Global Market Report 2023, provides comprehensive information on the kitchen cabinet market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Kitchen Cabinet Global Market Report 2023, the market size is expected to grow from $134.40 billion in 2022 to $147.15 billion in 2023 at a compound annual growth rate (CAGR) of 9.5%.The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The kitchen cabinet market is expected to reach $199.99 billion in 2027 at a CAGR of 8.0%.
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Technology innovations are a key trend gaining popularity in the kitchen cabinet market. Companies operating in the kitchen cabinet market are adopting new technologies to sustain their position in the market. For instance, in May 2022, Hafele Ltd., a UK-based manufacturer and distributor of innovative furniture fittings launched Matrix drawer and runner system technology in kitchen cabinets. This premium drawer system has packed with state-of-the-art technology that improves movement and gives the cabinet more functionality and flair. The collection includes a beautiful, streamlined thin wall drawer system and a premium double-walled box system called matrix box premium.
The kitchen cabinet market is segmented:
1) By Type: Ready To Assemble (RTA), Stock Kitchen Cabinets, Semi Custom Kitchen Cabinets, Custom Kitchen Cabinets
2) By Raw Material: Wood, Metal, Other Raw Materials
3) By Distribution Channel: Retail, Online, Other Distribution Channels
4) By Application: Home, Restaurants, Other Applications
Asia-Pacific was the largest region in the kitchen cabinet market in 2022.
The table of contents in TBRC’s kitchen cabinet market report includes:
- Executive Summary
- Kitchen Cabinet Market Characteristics
- Kitchen Cabinet Market Trends And Strategies
- Kitchen Cabinet Market – Macro Economic Scenario
- Kitchen Cabinet Market Size And Growth
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- Africa Kitchen Cabinet Market
- Kitchen Cabinet Market Competitive Landscape And Company Profiles
- Key Mergers And Acquisitions In The Kitchen Cabinet Market
- Kitchen Cabinet Market Future Outlook and Potential Analysis
- Appendix
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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