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The latest report by IMARC, titled “ KitchenAppliancesMarket:GlobalIndustryTrends,Share,Size,Growth,OpportunityandForecast20 23-2028
”theglobalkitchenappliancesmarketisexpectedtogrowataCAGRof4.18%during.
Kitchen appliances are devices that are designed to perform domestic tasks pertaining to cooking, storage and cleaning. These appliances, primarily operating on electricity or gas, are widely adopted acrosstheglobeforperformingvariouscomplicatedkitchenactivities.
They save time as well as the users’ efforts by simplifying household chores. Appliances such as refrigerators, stoves and ovens have become an indispensable component for a majority of the households, whereas devices including blenders juicers, dishwashers, coffee machines, toasters, air fryersandricecookersarealsowidelyadoptedacrossvarioushouseholds.
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Rapid urbanization, inflating per capita income levels and improving living standards have increased in the uptake of modern kitchen appliances. In addition to this, hectic working schedules and long working hours of working professionals have provided a boost to the sales of convenient cooking appliances. Moreover, to address the issue of high electricity consumption by several devices, manufacturers have introduced various energy-efficient variants with energy rating labels.
This enables consumers to understand the energy performance of a particular appliance in comparison with other similar models. Growing health consciousness among users has also led to an increase in the sales of devices that utilize little to no oil, such as air fryers and convection ovens. Furthermore, the advent of Wi-Fi connected kitchen devices that can be remotely monitored and controlled by smartphones is expected to impact the market growth favorably. Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
MarketSummary:
BreakupbyProductType:
•Refrigerators
•MicrowaveOwens
•InductionStoves
•Dishwasher
•WaterPurifiers
•Others
BreakupbyStructure:
•Built-In
•FreeStand
BreakupbyFuelType:
•CookingGas
•Electricity
•Others
BreakupbyApplication:
•Residential
•Commercial
BreakupbyDistributionChannel:
•SupermarketsandHypermarkets
•SpecialtyStores
•OnlineStores
•DepartmentalStores
•Others
BreakupbyRegion:
•AsiaPacific
•NorthAmerica
•Europe
•MiddleEastandAfrica
•LatinAmerica
CompetitiveLandscapewithKeyPlayers:
• WhirlpoolCorporation
• ABElectrolux
• SamsungElectronicsCo.Ltd.
• LGElectronics
• WiniaDaewooElectronics
• PanasonicCorporation
• HaierGroupCorporation
• BSHHausgeräteGmbH
• Miele&Cie.KG
• Sub-ZeroGroup
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