Kitchen Island Market

Kitchen Island Market is Majorly Driven By The Residential Construction Industry
An island bench in the middle of a kitchen is one of the most desirable features in a
modern home, which has transformed the residential kitchen industry when it was
introduced back in 1970s. A kitchen island is considered as an essential element of
an efficient kitchen. It was primarily thought of as a prep station; however, with the
ever changing designs and technology advancements, it added smart storage features,
sinks, under counter refrigerators, and seating. Nowadays, a kitchen island can
double up as a food preparation center, dining table, storage for cooking accessories,
social setting, or as an ultimate multifunction unit. With more people opting for an
open style of living, a kitchen island provides a transition between the kitchen and
living space. Kitchen islands offer the convenience and provides ample space for
efficient storage, and acts as a subtle block to keep people out of the cooking area
while offering an area where people can gather, sit, and children can do their
homework.
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One of the key factors driving the kitchen island market is the changing lifestyle,
redefining the way kitchen space is conceptualized, coupled with growing demand for
storage cabinets for cooking accessories. The market is expected to witness significant
growth during the forecast period due to the rising disposable income and the need
for modular kitchens. Kitchen islands come in a number of designs and price ranges,
and can be customized according to consumer requirement, depending on the budget,
taste, and personal preference. In addition, consumers can color- coordinate the
island with the kitchen or can contrast it with the house theme. The market is
majorly driven by the residential construction industry and is expected to grow at a
fast pace in the near future. In addition, rise in construction industry in emerging
economies of Asia Pacific such as China and India are creating opportunities for the
market growth.
The global kitchen island market can be segmented based on type, material,
application, distribution channel, and region. Based on type, the kitchen island
market can be classified into portable and fixed. In terms of material, the kitchen
island market can be categorized into wood, glass, marble/granite, and others
(plywood, ceramic etc.). Based on application, the kitchen island market can be
divided into residential and commercial (restaurants/bars). In terms of distribution
channel, the kitchen island market can be classified into hypermarkets/supermarkets,
specialty stores, online retailers, and others (brand outlets, independent vendors,
etc.).
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In terms of region, the global kitchen island market can be segmented into North
America, Europe, Asia Pacific, Middle East & Africa, and South America. Europe is
anticipated to dominate the global kitchen island market, followed by North America
and Asia Pacific. North America and Europe are anticipated to account for a major
market share, due to the urbane lifestyles, rise in disposable income, and high
spending rate in the regions. Rapid urbanization and growth of the construction
industry in emerging countries such as India and China are boosting sales of kitchen
islands in Asia Pacific. The popularity of open modular kitchens is expected to
increase in the coming years and will be one of the major trends during the forecast
period.
Some of the leading manufacturers in the kitchen island market are Twin-Star
International, L.L. Johnson Lumber, Canadel, Oldcastle Masonry, Bermex, Stone Age
Manufacturing, Home-Style Industries, Bassett, and Powell Furniture among others.
Manufacturers are increasing their R&D capabilities to diversify their product range
and are also making efforts to enhance product quality. Players are anticipated to
face competition due to the presence of several local vendors. The entry of new
players, pricing competition, and mergers & acquisitions are further intensifying the
level of competition among manufacturers in the modular kitchen industry. This is
likely to lead to the introduction of many advanced products in the kitchen island
market during the forecast period.

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