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The global kitchen appliances market is expected to exhibit a CAGR of 4.3% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
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.
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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, along with forecasts at the global and regional level from 2022-2027. 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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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:
On the basis of the structure, the market has been bifurcated into built-in and free stand appliances.
Breakup by Fuel Type:
The market has been analyzed on the basis of the fuel type into cooking gas, electricity and others.
Breakup by Application:
Based on the application, the residential sector holds the leading market share, followed by the commercial sector.
Breakup by Distribution Channel:
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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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 | 2021 |
| Historical Period | 2016-2021 |
| Forecast Period | 2022-2027 |
| 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) |
We expect the global kitchen appliances market to exhibit a CAGR of 4.3% during 2022-2027.
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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