What is Kitchen Appliances Market?
Kitchen appliances are home appliances mainly used for preparing food, storage and cleaning functions in the kitchen. It operates with the help of either gas or electricity. The majority of kitchen appliances are operated by electricity. It cooks food by passing an electromagnetic wave through it.
Highlights from Kitchen Appliances Market Study
Attributes | Details |
---|
Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | Electrolux (Sweden), Whirlpool Corporation (United States), Samsung (South Korea), Philips (Netherlands), Sub-Zero (United States), Morphy Richard (United Kingdom), Dacor (United States), General Electric (United States), LG Electronics (South Korea) and Panasonic (Japan) |
Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Kitchen Appliances market throughout the forecasted period.
Electrolux (Sweden), Whirlpool Corporation (United States), Samsung (South Korea), Philips (Netherlands), Sub-Zero (United States), Morphy Richard (United Kingdom), Dacor (United States), General Electric (United States), LG Electronics (South Korea) and Panasonic (Japan) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are BSH Hausgeräte (Germany), Haier (China), Daewoo Electronics (South Korea) and Midea Group (China). Kitchen Appliances Market Segmentation:
Scope | Sub-Segments |
---|
Application / End User | Household and Commercial |
Type | Refrigerator, Cooking Appliance, Dishwasher and Others |
Fuel | Cooking Gas,Electricity,Others |
Structure | Built-in,Free Stand |
On the basis of geography, the market of Kitchen Appliances has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Demand for Innovative Kitchen Appliances
Market Growth Drivers:
Increasing Urbanization and Penetration of Lifestyle Appliances, Rising Disposable Income of the People and Increasing Brand Conscious Population
Challenges:
Availability of Low-Cost Kitchen Appliances from New Players
Restraints:
Fluctuations in the Raw Material Prices
Opportunities:
Growing Demand from Emerging Economics, Increasing Popularity of Modular Kitchens and Rising E-Commerce Industry Worldwide
Key Target Audience
Kitchen Appliance Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
Market Leaders & Development Strategies
On 9th January 2018, BSH Hausgeräte GmbH has acquired approximately 65 percent of the global food platform Kitchen Stories.
On 20th March 2019, Electrolux announced the launch of new intuitive kitchen range across Europe. The company has developed a line of Electrolux-branded products comprising a truly intuitive kitchen range, designed to work in harmony with the cook.