The global kitchen appliances market size was USD 171.68 Billion in 2021 and is expected to register a revenue CAGR of 3.3% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in kitchen appliances and launch of innovative products are factors projected to support market revenue growth between 2021 and 2030. For example, presently dishwashers are manufactured with more innovative designs, operate more quietly, use less electricity, and clean more thoroughly. The US Department of Energy (DoE) claims that modern dishwashers conserve water and energy by using less water to wash a load of dishes than hand washing. Additionally, for even more thorough cleaning, these machines may produce water at much higher temperatures than one can safely expose to their skin. Dishwashers are now more well-known to customers as a result of pandemic. Today, majority of people in developing countries live in nuclear families and apartment culture is spreading throughout cities. Regular dishwashers size, which makes it difficult for them to fit in smaller kitchens, is one of the difficulties associated with them. The recently released little dishwasher may be conveniently placed over a counter or on top of a table without taking up any floor space. Small households frequently wonder whether they actually need a full-sized dishwasher considering their meager dishwashing requirements. For instance, Godrej & Boyce launched Godrej Eon Magnus Counter-Top Dishwasher to manage dishwashing requirements of smaller families. Godrej Eon Magnus Counter-Top Dishwasher is a small model with 8 place settings that can easily wash all typical dishes for two to three-person homes.
The global Kitchen Appliances business vertical has been extensively categorized on the basis of product type, application gamut, end-user industries, and a competitive overview. The report inspects the current market scenario, its past performance, demand and supply ratios, production and consumption rates, sales, and numerous growth opportunities available in the market. It further estimates the prospective growth of the leading regional segments of the market, which is beneficial for readers to gain impactful insights into the Kitchen Appliances business sector. A clear outline of the competitive landscape of the market is expected to help businesses involved in this sector decipher the optimal business moves to reach their desired business goals.
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Key companies operating in the Kitchen Appliances market include:
AB Electrolux, Whirlpool Corporation, LG Electronics, Samsung Electronics, Dacor, Morphy Richards, Koninklijke Philips N.V., Panasonic Corporation, Robert Bosch GmbH, Haier Group, and General Electric
Key market aspects studied in the report:
Market Scope: The report explains the scope of various commercial possibilities in the global Kitchen Appliances market over the upcoming years. The estimated revenue build-up over the forecast years has been included in the report. The report analyzes the key market segments and sub-segments and provides deep insights into the market to assist readers with the formulation of lucrative strategies for business expansion.
Key Benefits of the Report:
- Critical understanding of the key market segments
- Comprehensive analysis of the drivers, restraints, trends, and opportunities
- Comprehensive analysis of the competitive scenario and its changing dynamics
- Analytical data with detailed SWOT analysis and Porter’s Five Forces analysis
- In-depth 8-year analysis of the Global Kitchen Appliances Market
- Detailed regional analysis and extensive company profiling
- Extensive assessment of current and emerging trends of the market
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Kitchen Appliances Market Segmentation:
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Cooking Appliances
- Refrigerator
- Mixers and Grinders
- Water Purifier
- Dishwasher
- Oven
- Others
Fuel Type Outlook (Revenue, USD Billion; 2019–2030)
- Electricity
- Cooking Gas
- Kerosene
- Others
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Online Stores
- Offline Stores
Kitchen Appliances Market Segmentation by Regions:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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