In the recent past, kitchen appliances sector has been enduring with some influential trends, which has successfully gained the attention of the target customer. Improvised aesthetic trend is one of those influential factors that help drive the demand for kitchen appliance products. Black turns out to be the most preferred color among the customers even when it comes to buying any kind of kitchen appliance. Taking this view into consideration, some of the key manufacturers in the global kitchen appliances market have been adopting several key product strategies. For instance, Whirlpool Corporation one of the key players in the global kitchen appliances market strategize on coming up with majority of its appliances in black stainless with rich matte look making it attractive and alluring for its customers.
According to a new report published by Allied Market Research titled, “Kitchen Appliances Market by Product Type, User Application, Fuel Type, Product Structure and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019–2026,”the Kitchen Appliances market size was valued at $237.30Billion in 2019 and is expected to reach $377.70Billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.
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Key Findings of the Study :-
In 2019, based on product type, the refrigerator segment accounted for around higher Kitchen Appliances market share, growing at a CAGR of 5.60% from 2020 to 2027.
In 2019, based on user application, the household segment accounted for higher share of the Kitchen Appliances market.
In 2019, based on region, North America accounted for a prominent kitchen appliances market share.
Key companies profiled in kitchen appliances industry includes :-
Koninklijke Philips N.V.
Panasonic Corporation
AB Electrolux
Haier Electronics Group Co., Ltd.
LG Electronics
SAMSUNG ELECTRONICS CO. LTD.
Morphy Richards
Dacor Inc.
Robert Bosch GmbH
Illinois Tool Works Inc. (ITW) (BONNET International)
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The global home appliances was valued at US$501.3 billion in 2017 and is expected to register a CAGR of 5.4% during the forecast period. Continuous evolution and improvisation of product offerings facilitated by manufacturers, has been one of the key reasons behind the overall kitchen appliances market growth in terms of value sales. Kitchen appliances sector is considered to be one of the major sectors that plays an important role in driving the growth of global home appliances market. Refrigerator, cooking appliance, dishwasher are some of the main types of kitchen appliances.
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Kitchen Appliances Market
– Changing market dynamics of the Kitchen Appliances Market Industry.
– In-depth segmentation of Kitchen Appliances Market by Type, Application etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of Kitchen Appliances Market.
– Strategies of key players and product offerings.
– Potential and niche segments/regions exhibiting promising growth.
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LIST OF FIGURES
TABLE 01. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY PRODUCT TYPE, 2018–2026 ($ BILLION)
TABLE 02. KITCHEN APPLIANCES MARKET REVENUE FOR REFRIGERATOR, BY REGION 2019–2027 ($BILLION)
TABLE 03. KITCHEN APPLIANCES MARKET REVENUE FOR COOKING APPLIANCES, BY REGION 2019–2027 ($BILLION)
TABLE 04. KITCHEN APPLIANCES MARKET REVENUE FOR DISHWASHER, BY REGION 2019–2027 ($BILLION)
TABLE 05. KITCHEN APPLIANCES MARKET REVENUE FOR OTHERS, BY REGION 2019–2027 ($BILLION)
TABLE 06. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY USER APPLICATION, 2019–2027 ($BILLION)
TABLE 07. HOUSEHOLD KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019–2027 ($BILLION)
TABLE 08. COMMERCIAL KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019–2027 ($BILLION)
TABLE 09. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY FUEL TYPE, 2019–2027 ($BILLION)
TABLE 10. KITCHEN APPLIANCES MARKET REVENUE FROM COOKING GAS, BY REGION 2019–2027 ($BILLION)
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