Global Kitchen Furniture and Fixtures Market is forecasted to grow at a CAGR of 3.70% during 2016 – 2021
Date: 9 September 2016
Globally, the Kitchen Furniture and Fixtures market is driven by surging urbanization and remodelling in residential kitchens. Digital healthcare is gaining momentum in investments with a consistent growth in the hotel industry which in turn thrives on rise in travel and tourism. Moreover the developed regions with a high percentage of population living in the urban areas have been the primary consumers for kitchen furniture this will present the market with huge growth opportunity and potential in near future.
According to recently published Azoth Analytics report Global Kitchen Furniture and Fixtures Market: Trends, Opportunities and Forecasts (2016-2021)
- (By Market Segments; By Type –Furniture, Fixtures; By Region – North America, Europe, APAC, RoW; By Country; Company Profiles, Recommendations), Global Kitchen Furniture and Fixtures Market grew at a CAGR of approximately 3.25 % during 2011-2015. It is anticipated to grow at a CAGR of 3.70 % during the period 2016F-2021F on account of the rising urbanization in the emerging economies of the world. Moreover the emerging continued growth in the population and urbanization are anticipated to add 2.5 billion individuals to the total urban population of the world by 2050. This is anticipated to propel the demand for Kitchen Furniture and Fixtures along with the fair opportunity in the area of remodelling of homes.
In terms of region, APAC has the robust growth rate of Kitchen Furniture and Fixtures Market, with maximum market share in United States, while APAC region has a lot more growth opportunities accompanied with huge growth potential in Australia, China and India.
With the industry witnessing moderate growth rate, it is anticipated that the Kitchen Furniture and Fixtures market will exhibit higher growth in the forecast period as well. Gradual upsurge in the investments by the government in housing infrastructures will drive higher growth rate in the future.
The report titled “Global Kitchen Furniture and Fixtures Market: Trends, Opportunities and Forecasts (2016-2021)
- (By Market Segments; By Type –Furniture, Fixtures; By Region – North America, Europe, APAC, RoW; By Country; Company Profiles, Recommendations)” has analysed the potential of Global Kitchen Furniture and Fixtures market and provides statistics and information on market size, shares and trends. The report intends to provide cutting-edge market intelligence. Besides, the report also identifies and analyses the emerging trends along with major drivers, challenges and opportunities in the Global Digital Healthcare Market.
A comprehensive research report created through extensive primary research (inputs from industry experts, companies, stakeholders) and secondary research, the report presents the analysis of the global digital healthcare market on the basis of segments and By Region (North America, Europe, APAC & ROW) and for various types (Furniture, Fixtures).