Dublin, Nov. 15, 2018 (GLOBE NEWSWIRE) -- The "GCC Modular Kitchen Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2018-2023" report has been added to ResearchAndMarkets.com's offering.
Catalyzed by factors such as the recovery in oil prices, strong growth in the housing sector and rising urban population, the GCC modular kitchen market is currently exhibiting strong growth.
Market Drivers
A modular kitchen can be customized according to the taste of the end user. It can be designed in a way allowing it to complement the theme of the house or make a total contrast. Consumers can select the design, theme and colour of their cabinets, handles and the accessories.
Modular kitchens gives the user convenience and efficient utilization of space. A significant amount of storage areas can be created in the smallest of kitchen areas. As a result of increasing real estate prices and a rise in apartment style houses in the GCC region, residential units are getting more compact in size. This is creating a strong demand for modular kitchens which provide an efficient management of space in small houses.
Modular kitchens are easy to install and repair. If required, individual components can also be replaced without affecting the remaining components. Cleaning and maintaining a modular kitchen also takes less effort.
Strong growth of the residential construction sector, recovery in oil prices and a continuously rising urban population are some of the factors that are expected to drive the GCC modular kitchen market in the next five years.
Segment Analysis
On the basis of product type, the GCC modular kitchen market has been segmented as Floor Cabinet, Wall Cabinet and Tall Storage. Currently, the Floor Cabinet type accounts for the majority of the market share.
On the basis of design/layout type, the GCC modular kitchen market has been segmented as L-shape, U-shape, Parallel, Straight, Island and Peninsula.
Based on the type of material used, the GCC modular kitchen market has been divided as Lacquer Wood, High Pressure Laminates, Wood Veneers, Melamine and Metals. Amongst these, Lacquered Wood accounts for the majority of the market share.
Based on the distribution channel, the GCC modular kitchen market has been divided into Online and Offline. Currently, the Offline distribution channel accounts for the majority of the market share.
Region-wise, the market has been divided into Saudi Arabia, United Arab Emirates, Qatar, Kuwait, Bahrain and Oman. Amongst these, Saudi Arabia is the biggest market, accounting for the majority of the modular kitchen market in the GCC region.
Key Topics Covered
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 GCC Modular Kitchen Market
5.1 Market Overview
5.2 Market Performance
5.3 Market Breakup by Product Type
5.4 Market Breakup by Design
5.5 Market Breakup by Material Used
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Region
5.8 Market Forecast
5.9 SWOT Analysis
5.9.1 Overview
5.9.2 Strengths
5.9.3 Weaknesses
5.9.4 Opportunities
5.9.5 Threats
5.10 Value Chain Analysis
5.10.1 Overview
5.10.2 Raw Material Procurement
5.10.3 Manufacturing
5.10.4 Marketing
5.10.5 Distribution and Installation
5.10.6 End-Use
5.11 Porters Five Forces Analysis
5.11.1 Overview
5.11.2 Bargaining Power of Buyers
5.11.3 Bargaining Power of Suppliers
5.11.4 Degree of Competition
5.11.5 Threat of New Entrants
5.11.6 Threat of Substitutes
5.12 Price Analysis
5.12.1 Price Indicators
5.12.2 Price Structure
5.12.3 Margin Analysis
6 Market Breakup by Product Type
6.1 Floor Cabinet Type
6.2 Wall Cabinet Type
6.3 Tall Storage Type
7 Market Breakup by Design
7.1 L-Shape
7.2 U-Shape
7.3 Parallel
7.4 Straight
7.5 Island
7.6 Peninsula
8 Market Breakup by Material Used
8.1 Lacquer Wood
8.2 High Pressure Laminates
8.3 Wood Veneers
8.4 Melamine
8.5 Metal
8.6 Others
9 Market Breakup by Distribution Channel
9.1 Online
9.2 Offline
10 Market Breakup by Region
10.1 Saudi Arabia
10.2 UAE
10.3 Qatar
10.4 Kuwait
10.5 Bahrain
10.6 Oman
11 Competitive Landscape
11.1 Market Structure
11.2 Key Players
11.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/research/k5slxh/gcc_modular?w=12
GCC Modular Kitchen Market Outlook to 2023 - Strong Growth of the Residential Construction Sector is a Key Driver
| Source: Research and Markets