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