LONDON–(BUSINESSWIRE)–
Technavio has published a new report on the modular kitchen market in India, which is expected to grow at a CAGR of almost 52% from 2015-2019.
About the Report
According to the latest report by Technavio, the growth of the urban population in India has led to a rise in the number of new residential developments. As per the Indian government, residential real estate in the country requires huge investment in 2015. This increase in investment in the residential construction sector has led to accelerated construction activity across the country.
“The increase in number of residential projects, particularly luxury residential developments, has generated a huge demand for luxury home interiors and modular kitchens, which has promoted the growth of the modular kitchen market in India,” says Faisal Ghaus, Vice President of Technavio.
The new Technavio report also emphasizes the entry of global vendors in the market. A large number of global modular kitchen manufacturers have ventured into the organized segment of the Indian market, which includes Häcker Küchen and Aran World.
Market Scope and Calculation of Market Size
The new Technavio report covers the present scenario and the growth prospects of the modular kitchen market in India from 2015-2019. In this report, the market size was determined based on the revenue generated by sales of modular kitchens in India.
Key Information Covered in the Report:
- Key Vendors:
- Godrej and Boyce Mfg. Co. Ltd.
- IFB Industries Ltd.
- Sleek International Pvt. Ltd.
- Market Growth Drivers:
- Development of Residential Construction Sector
- For a full detailed list, view our report.
- Market Challenges:
- High Prices of Branded Modular Kitchens
- For a full detailed list, view our report.
- Market Trends:
- Entry of Global Vendors
- For a full detailed list, view our report.
Technavio currently has more than 3000 market research reports on a huge range of topics, including 50+ reports on the home decor market:
- Global Home Office Furniture market 2015-2019
- Online Home Decor Market in India 2015-2019
If you are interested in more information, please contact our media team at [email protected].
View source version on businesswire.com: http://www.businesswire.com/news/home/20150717005027/en/
Contact
Technavio Research
Jes Ellacott
US: +1 630 333 9501
UK: +44 208 123 1770
Media & Marketing Executive
www.technavio.com
[email protected]
