About Kitchen Appliances
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.
Attributes | Details |
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Study Period | 2020-2032 |
Base Year | 2024 |
Unit | Value (USD Million) |
CAGR | 4.8% |
Analyst at AMA Research estimates that United States Vendors will contribute the maximum growth to Global Kitchen Appliances market throughout the forecasted period. Established and emerging Vendors should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
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 that are part of study coverage. Additionally, the Vendors which are also part of the research coverage are BSH Hausgeräte (Germany), Haier (China), Daewoo Electronics (South Korea) and Midea Group (China).
Segmentation Overview
AMA Research has segmented the market of Global Kitchen Appliances market by Type (Refrigerator, Cooking Appliance, Dishwasher and Others), Application (Household and Commercial) and Region.
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). If we see Market by Fuel, the sub-segment i.e. Cooking Gas will boost the Kitchen Appliances market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Structure, the sub-segment i.e. Built-in will boost the Kitchen Appliances market. 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
Market Leaders and their expansionary development strategies
In January 2018, BSH Hausgeräte GmbH has acquired approximately 65 percent of the global food platform Kitchen Stories.
In 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.
Key Target Audience
Kitchen Appliance Manufacturers, Raw Material Suppliers/ Buyers, Distributors, Government Body & Associations and End-user
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.