Kitchen Appliances Market Size, Share, Growth, Analysis 2021-2026

Press Release:

Global Kitchen Appliances Market to Reach US$ 322.3 Billion by 2024, Stimulated by Introduction of Wi-Fi Connected Devices

*As the coronavirus disease (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the purchase behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.

Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026

Market Overview:

The global kitchen appliances market reached a value of US$ XX Billion in 2020. Looking forward, IMARC Group expects the market to exhibit moderate growth during 2021-2026. 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.

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.

Report Coverage:

Historical, Current and Future Market Trends

Market Breakup by Product Type:

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.

Market 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.

Market 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.

Market Breakup by Application:

Residential
Commercial

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

Market 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.

Market Breakup by Region:

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 Coverages:

Report Features	Details
Base Year of the Analysis	2020
Historical Period	2015-2020
Forecast Period	2021-2026
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$ 2299 Five User License: US$ 3399 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:

How has the global kitchen appliances market performed so far and how will it perform in the coming years?
What are the key regional markets in the global kitchen appliances industry?
What has been the impact of COVID-19 on the global kitchen appliances industry?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the structure?
What is the breakup of the market based on the fuel type?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the global kitchen appliances industry?
What are the key driving factors and challenges in the global kitchen appliances industry?
What is the structure of the global kitchen appliances industry and who are the key players?
What is the degree of competition in the global kitchen appliances industry?