Good news for the KBB market as a new report from JKMR reveals that there has been "substantial growth" during the past year for sales within the contract kitchen sector. They also predict that this trend is predicted to continue in 2016. The message is loud and clear, if you can stand the heat, get in the kitchen market now!
The report states that the contract sector will 'absorb' more than £750m worth of fitted kitchen products in 2015, equating to a 21% share of total market value.
The contract sector is now “out-performing the retail sector on a number of key measures”, JKMR says, which has been driven by the rising number of new builds and improving market place, allowing the average client spend to increase.
2015 has seem the sector achieve its highest level of market spend since 2007, which reached £840m. Total contract sector spend then began to decline in 2008, reaching less than £600m in 2011 before improvements began to be seen in 2012. Last year, sector value reached close to £700m.
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Picture: From FreeDigitalPhotos.net “Modern Apartment Kitchen” by artur84