The global kitchen appliances market is anticipated to grow with a considerable CAGR of 6.3% during the forecast period. The growth of the kitchen appliance market is attributed to several factors such as changing lifestyle, rise in the working population, high purchasing power, among others. Additionally, the innovative smart features offered by the kitchen appliance manufacturers are also one of the major factors driving product adoption. The integration of technologies that are easy to use, intuitive, and customizable is also rising the popularity of kitchen appliances among the young population base. Moreover, the variant in kitchen products to meet nearly any lifestyle and style preference has significantly increased in recent years.
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The modern kitchen appliances available in the market have extra features to offer and are user-friendly as well as more durable than traditional appliances. Hence, the replacement of traditional kitchen appliances is going on at a very fast pace with more smart & energy-efficient products especially in developed countries with high purchasing power such as the US, Japan, and Europe. Moreover, the connected kitchen appliances greatly improve safety and performance as it provides timely updates and alerts to the consumer. These factors are anticipated to drive the kitchen appliance industry during the forecast period.
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Market Coverage
- The market number available for – 2019-2026
- Base year- 2019
- Forecast period- 2020-2026
- Segment Covered-
o By Product Type
o By Application
o By Distribution Channel
- Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
- Competitive Landscape- LG Electronics Inc., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Whirlpool Corp., TCL Technology Group Corp.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How COVID-19 impacted the market?
o Recovery Timeline
o Deviation from the pre-COVID-19 forecast
o Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Kitchen Appliances Market Report Segment
By Product Type
- Refrigerators
- Microwave
- Mixer & Juicer and Food Processors
- Stove & Hobs
- Dishwasher
- Water Purifier
- Coffee Machines
- Other
By Application
- Residential
- Commercial
By Distribution Channel
- Online Channel
- Offline Channel
Kitchen Appliances Market– Segment by Region
North America
- United States
- Canada
Europe
- Germany
- United Kingdom
- France
- Spain
- Italy
- Rest of Europe
Asia-Pacific
- China
- Japan
- India
- Rest of Asia-Pacific
Rest of the World
- Middle East & Africa
- Latin America
Company Profiles
- BBK Electronics Corp.
- BSH Hausgeräte GmbH
- De’ Longhi Appliances S.r.l.
- Dyson Ltd.
- Electrolux AB
- General Electric Co.
- Gorenje AS
- Haier Group Corp.
- Hitachi, Ltd.
- Kenmore (Transform SR Holding Management LLC)
- Koc Holding A.?.
- Koninklijke Philips N.V.
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- We cover more than 15 major industries, further segmented into more than 90 sectors.
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