The India kitchen cabinets market, valued at USD 7.86 billion in 2023, is projected to grow from USD 8.53 billion in 2024 to USD 17.67 billion by 2032. This growth represents a compound annual growth rate (CAGR) of 9.52% throughout the forecast period.
Kitchen cabinets are essential for storing silverware, food items, dishes, and cooking tools. The growing number of remodeling projects and the increasing residential housing sector are driving up demand for these products, contributing to market expansion. Additionally, rapid urbanization and population growth in India have led to a rise in residential units, such as villas, individual homes, and apartments, further boosting the demand for kitchen cabinets.
However, the market faced challenges during the COVID-19 pandemic, particularly in 2020. Nationwide lockdowns disrupted production and sales, and the temporary closure of retail stores and manufacturing facilities hindered market growth. Moreover, a decline in demand for non-essential products and interruptions in construction activities further affected the market.
Fortune Business Insights™ provides this information in its research report, titled “India Kitchen Cabinets Market, 2024-2032”.
Information Source: https://www.fortunebusinessinsights.com/kitchen-cabinets-market-109890****
Segmentation:
Wooden Closets to Drive Segment Growth
The market is divided by materials into plastic, metal, wood, glass, and other categories. In 2023, the wood segment held the largest share due to the widespread availability of wooden closets in various colors, finishes, and designs, which drives national sales.
Stock Kitchen Cabinets to Dominate Due to Accessibility
By category, the market is segmented into custom kitchen cabinets, stock kitchen cabinets, and semi-custom kitchen cabinets. The stock kitchen cabinets segment is expected to lead the market in the coming years, as these cabinets are cost-effective and readily accessible.
Shaker Kitchen Cabinets to Propel Segment Growth
In terms of style, the market includes tall-standing kitchen cabinets, shaker kitchen cabinets, base kitchen cabinets, wall kitchen cabinets, flat panel kitchen cabinets, beaded kitchen cabinets, and others. The shaker kitchen cabinets segment had the largest share in 2023, driven by their popularity and the variety of designs available, which fuels segment expansion.
Residential Segment to Lead Amid Home Décor Trends
The market is categorized by application into residential and commercial uses. The residential segment is projected to capture the largest share during the forecast period, as evolving renovation and home décor trends increase the replacement rate of kitchen furniture among homeowners, thereby boosting product revenues.
Top Leading Company in the Kitchen Cabinet Market: