Kitchen Appliances Market:
Growth opportunities in the Kitchen Appliances Market look promising over the next six years. This is mainly due to the proliferation of smart homes and increasing trend of easy and comfortable cooking applications.
Kitchen Appliances Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)
Key Drivers
Some of the prominent factors stimulating the growth of the global kitchen appliances market include the continuous technological innovations for expanding these appliances and the augmenting acquisition of advanced products led by the altering living standard of individuals. Also, the amplification of smart homes across various regions further strengthens the market size. The rising disposable income along with the extending middle and nuclear families will promote the kitchen appliances market size.
Moreover, the accelerating penetration of the women workforce and enlargement in distribution channels, especially online, impels market growth. The surging inclination towards fast and easy cooking appliances coupled with the mounting investments by the leading companies supports the market growth. However, the excessive cost associated with the maintenance & functioning and increasing agitation towards energy consumption will hamper the kitchen appliances market share.
User Application Segment Drivers
Based on the user application, Household is projected to witness a faster CAGR in the market over the forecast period. This is primarily attributed to the growing implementation of these appliances in households due to swift urbanization and soaring disposable income. The rising inclination towards the modular kitchen with an increase in the demand for appliances that makes life simple and secure further supplements the market growth.
Regional Drivers
Based on the regional coverage, Asia-Pacific is predicted to expand at a higher CAGR during the forecast period. This is mainly because of their soaring demand from developing economies like India owing to the rising purchasing power of the consumers. The improvement in the lifestyle of consumers and the rising urban population is fuelling the market growth.
Kitchen Appliances Market’s leading Manufacturers:
- Robert Bosch GmbH
- Dacor, Inc.
- Samsung
- Haier Inc.
- Panasonic Corporation
- Whirlpool Corporation
- Morphy Richards
- LG Electronics
- AB Electrolux
- Koninklijke Philips N.V.
Kitchen Appliances Market Segmentation:
Segmentation by Product Type
- Cooking Appliances
- Refrigerator
- Dishwasher
- Others
Segmentation by User Application
- Household
- Commercial
Segmentation by Fuel Type
- Electricity
- Cooking Gas
- Others
Segmentation by Product Structure
- Built-in
- Free Stand Appliance
Segmentation by Distribution Channel
- Specialty Stores
- Supermarket & Hypermarket
- E-Commerce
- Others
Segmentation by Region:
- North America
- United States of America
- Canada
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
- Rest of the world (remaining countries of the LAMEA region)
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