Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Report Format: PDF+Excel | Report ID: SR112023A1619
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Market Overview 2023-2028:

The global kitchen appliances market is expected to exhibit a growth rate (CAGR) of 4.18% during 2023-2028.

Kitchen appliances refer to devices and instruments utilized for efficiently performing kitchen activities. They operate either through electricity or gas and are primarily used for cooking, storage and cleaning functions in the kitchen. Kitchen appliances are available in a wide variety of colors, materials, styles, sizes and mechanisms and include devices, such as ovens, refrigerators, stoves, blenders, dishwashers, which aid the user in saving time, costs and energy while cooking.

 

 
 

 

Note: Information in the above chart consists of dummy data and is only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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The increasing adoption of smart kitchen appliances across the globe is one of the key factors driving the growth of the market. Owing to rapid urbanization, there is an escalating demand for technologically advanced and modern appliances which make cooking and storing food more efficient and convenient. Furthermore, smart kitchen appliances, which can be connected to wireless, Internet or Bluetooth based devices and can be controlled remotely through a smartphone are gaining immense traction in the market. Apart from this, increasing health consciousness, especially among the young population, has propelled the adoption of healthy cooking and eating habits among consumers. This has consequently catalyzed the demand for appliances that allow oil-free cooking and retention of various heat-sensitive nutrients. Additionally, the introduction of modular and energy-efficient kitchen equipment, such as induction cooktops, speed cooking ovens and warming drawers, is also contributing to the market growth. Other factors, including the thriving e-commerce sector, increasing working population and rising disposable incomes are further creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global kitchen appliances market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, structure, fuel type, application and distribution channel.

Breakup by Product Type:

 

 
 

 

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  • Refrigerators
  • Microwave Owens
  • Induction Stoves
  • Dishwasher
  • Water Purifiers
  • Others
     

Based on the product type, the market has been classified into refrigerators, microwave ovens, induction stoves, dishwasher, water purifiers and others. Amongst these, refrigerators represent the most preferred product.

Breakup by Structure:

  • Built-In
  • Free Stand
     

On the basis of the structure, the market has been bifurcated into built-in and free stand appliances.

Breakup by Fuel Type:

  • Cooking Gas
  • Electricity
  • Others
     

The market has been analyzed on the basis of the fuel type into cooking gas, electricity and others.

Breakup by Application:

  • Residential
  • Commercial
     

Based on the application, the residential sector holds the leading market share.

Breakup by Distribution Channel:

  • Supermarkets and Hypermarkets
  • Specialty Stores
  • Online Stores
  • Departmental Stores
  • Others
     

On the basis of the distribution channel, the market has been segregated into supermarkets and hypermarkets, specialty stores, online stores, departmental stores, and others.

Breakup by Region:

 

 
 

 

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  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
     

On the geographical front, North America represents the largest market for kitchen appliances. Other major markets include Asia Pacific, Europe, Latin America, and Middle East and Africa.

Competitive Landscape:

The report has also analyzed the competitive landscape of the market with some of the key players being Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, BSH Hausgeräte GmbH, Miele & Cie. KG, and Sub-Zero Group, Inc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Product Type, Structure, Fuel Type, Application, Distribution Channel, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, BSH Hausgeräte GmbH, Miele & Cie. KG, and Sub-Zero Group
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

Key Questions Answered in This Report

We expect the global kitchen appliances market to exhibit a CAGR of 4.18% during 2023-2028.

The rising demand for technologically advanced and modern kitchen appliances, that make cooking and storing food more efficient, durable, and convenient, is primarily driving the global kitchen appliances market.

The sudden outbreak of the COVID-19 pandemic has led to the changing consumer inclination from conventional brick-and-mortar distribution channels towards online retail platforms for the purchase of kitchen appliances. 

Based on the product type, theglobal kitchen appliances market can be segmented into refrigerators, microwave ovens, induction stoves, dishwashers, water purifiers, and others. Currently, refrigerators hold the majority of the total market share.

Based on the structure, the global kitchen appliances market has been divided into built-in and free stand, where free stand currently exhibits a clear dominance in the market.

Based on the fuel type, the global kitchen appliances market can be categorized into cooking gas, electricity, and others. Currently, cooking gas accounts for the majority of the global market share.

Based on the application, the global kitchen appliances market has been segregated into residential and commercial. Among these, the residential sector currently holds the largest market share.

Based on the distribution channel, theglobal kitchen appliances market can be bifurcated into supermarkets and hypermarkets, specialty stores, online stores, departmental stores, and others. Currently, specialty stores exhibit a clear dominance in the market.

On a regional level, the market has been classified into Asia Pacific, North America, Europe, Middle East and Africa, and Latin America, where North America currently dominates the global market.

Some of the major players in the global kitchen appliances market include Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, BSH Hausgeräte GmbH, Miele & Cie. KG, and Sub-Zero Group, Inc.

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Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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