Kitchen Appliances Market Size To Reach $340.9 Billion By 2026

Kitchen Appliances Market Set to Exceed USD 340.9 Billion by 2026 | CAGR 5.9%

Forecast to 2020

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

“Kitchen Appliances Market [By Product (Cooking Appliances, Dishwasher, Refrigerator, Others); By Fuel Type (Cooking Gas, Electricity, Others); By End-User (Residential, Commercial); By Distribution Channel (Offline, Online); By Structure (Built-in, Free Stand); By Region]: Market size & Forecast, 2017 – 2026”

the worldwide kitchen appliances market is anticipated to reach USD 340.9 billion by 2026. In 2017, the refrigerator segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

The changing lifestyles and hectic schedules of the working professionals lead to growing demand for kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate faster cooking. Rising disposable income is one of the factors responsible for the growth of the market. Increasing propensity of consumers to spend on appliances to lead convenient lives has also resulted in an increased demand for kitchen appliances.

Browse Detailed Research Report On Kitchen Appliances Market Analysis: https://www.polarismarketresearch.com/industry-analysis/kitchen-appliancesmarket The other factors responsible for the growth of the market are convenience in fast cooking and healthy food consumption. Players in the market are launching cooking appliances which enable faster cooking while keeping the nutrients of food intact. Introduction of energy efficient cooking appliances equipped with multiple cooking functionalities are available in the market to cater to the consumers in the market.

Moreover, the increasing trend of smart appliances would also encourage manufacturers to launch innovative kitchen appliances, which are compact and easy-to-use.

There has been a considerable increase in middle class and young working population across the globe.

Rising female working population and busy schedules of people have led to an increasing demand of kitchen appliances. Increase in the number of social gatherings coupled with growing need for quick and efficient kitchen activities has boosted the market. Growing purchasing power of individuals has led to increased spending on consumer goods. Rising disposable income enables consumers to purchase multipurpose and easy-to-operate kitchen appliances to simplify and ease their kitchen activities.

Consumers generally opt for stylish and technologically advanced kitchen appliances, which complement their living standards. Market players are introducing new products equipped with advanced features at affordable prices to cater to the growing consumer demands.

-2-

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

North America generated the highest revenue in the market in 2017, and is expected to lead the global market throughout the forecast period. The high living standards along with high disposable income in the region encourage consumers to purchase kitchen appliances to simplify kitchen activities. The growing adoption of smart technologies and home automation systems is further expected to augment market growth in the region. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increasing population and improving living standards.

The different types of kitchen appliances include cooking appliances, refrigerators, dishwaters, and others.

In 2017, refrigerators accounted for the highest market share owing to increasing need to conserve edible items at a range of different temperatures. Consumers prefer to use energy efficient refrigerators owing to growing environmental concerns. Introduction of advanced refrigerators equipped with smart technologies is expected to drive the market in the future.

The various end-users of kitchen appliances include residential and commercial users. In 2017, residential users accounted for the largest share in the global market, and are estimated to grow at a substantial rate during the forecast period. Residential consumers are increasingly spending on kitchen appliances to simplify kitchen chores and lead comfortable lives. Household consumers are opting for kitchen appliances, which are energy efficient and have minimal space requirements. In addition, improvement in living standards has encouraged consumers to buy technology-driven and luxury kitchen appliances.

Integration of technologies such as Internet of Things and smart technologies into kitchen appliances is expected to provide growth opportunities in the coming years.

The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

Request for sample: https://www.polarismarketresearch.com/industryanalysis/kitchen-appliances-market/request-for-sample

-3-

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

Table of Contents 1. Overview and Scope 1.1. Research goal & scope 1.2. Research assumptions 1.3. Research Methodology 1.3.1. Primary data sources 1.3.2. Secondary data sources 1.4. Key take-away 1.5. Stakeholders 2. Executive Summary 2.1. Market Definition 2.2. Market Segmentation 3. Kitchen Appliances Market Insights 3.1. Kitchen Appliances – Industry snapshot 3.2. Kitchen Appliances - Ecosystem analysis 3.3. Kitchen Appliances Market Dynamics 3.3.1. Kitchen Appliances – Market Forces 3.3.1.1.

Kitchen Appliances Market Driver Analysis 3.3.1.2.

Kitchen Appliances Market Restraint/Challenges analysis 3.3.1.3.

Kitchen Appliances Market Opportunity Analysis 3.3.2. Industry analysis - Porter's five force 3.3.2.1.

Bargaining power of supplier 3.3.2.2. Bargaining power of buyer 3.3.2.3. Threat of substitute 3.3.2.4. Threat of new entrant 3.3.2.5. Degree of competition 3.3.3. Kitchen Appliances Market PEST Analysis, 2017 3.3.4. Kitchen Appliances Market Value Chain Analysis 3.3.5. Kitchen Appliances Industry Trends 3.3.6. Competitive Ranking Analysis 4. Kitchen Appliances Market Size and Forecast, 2017-2026 by Product 4.1. Key Findings 4.2. Cooking Appliances 4.3. Refrigerator 4.4. Dishwasher 4.5. Others 5. Kitchen Appliances Market Size and Forecast, 2017-2026 by Fuel Type 5.1. Key Findings 5.2. Cooking Gas 5.3. Electricity -4-

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

5.4. Others 6. Kitchen Appliances Market Size and Forecast, 2017-2026 by End-Users 6.1. Key Findings 6.2. Residential 6.3. Commercial 7. Kitchen Appliances Market Size and Forecast, 2017-2026 by Distribution Channel 7.1. Key Findings 7.2. Offline Stores 7.3. Online Platforms 8. Kitchen Appliances Market Size and Forecast, 2017-2026 by Structure 8.1. Key Findings 8.2. Free Stand 8.3. Built-in 9. Kitchen Appliances Market Size and Forecast, 2017-2026 by Region 9.1. Key Findings 9.2. North America 9.2.1. U.S. 9.2.2. Canada 9.2.3. Mexico 9.3. Europe 9.3.1. Germany 9.3.2. UK 9.3.3. France 9.3.4. Italy 9.3.5. Rest of Europe 9.4. Asia-Pacific 9.4.1. China 9.4.2. India 9.4.3. Japan 9.4.4. Rest of Asia-Pacific 9.5. Latin America 9.5.1. Brazil 9.6. Middle East & Africa 10. Company Profiles 10.1.

Whirlpool Corporation 10.1.1. Overview 10.1.2. Financials 10.1.3. Product Benchmarking 10.1.4. Recent Developments 10.2.

Robert Bosch GmbH 10.2.1. Overview 10.2.2. Financials 10.2.3. Product Benchmarking 10.2.4. Recent Developments 10.3.

LG Electronics -5-

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

10.3.1. Overview 10.3.2. Financials 10.3.3. Product Benchmarking 10.3.4. Recent Developments 10.4.

AB Electrolux 10.4.1. Overview 10.4.2. Financials 10.4.3. Product Benchmarking 10.4.4. Recent Developments 10.5.

Haier Group Corporation 10.5.1. Overview 10.5.2. Financials 10.5.3. Product Benchmarking 10.5.4. Recent Developments 10.6.

Panasonic Corporation 10.6.1. Overview 10.6.2. Financials 10.6.3. Product Benchmarking 10.6.4. Recent Developments 10.7.

Samsung Electronics 10.7.1. Overview 10.7.2. Financials 10.7.3. Product Benchmarking 10.7.4. Recent Developments 10.8.

Morphy Richards Limited 10.8.1. Overview 10.8.2. Financials 10.8.3. Product Benchmarking 10.8.4. Recent Developments 10.9.

Koninklijke Philips N.V. 10.9.1. Overview 10.9.2. Financials 10.9.3. Product Benchmarking 10.9.4. Recent Developments 10.10.

Sharp Corporation 10.10.1.

Overview 10.10.2.

Financials 10.10.3.

Product Benchmarking 10.10.4.

Recent Developments

Access Press Release on Kitchen Appliances Market:

-6-

Kitchen Appliances Market Size to Reach 340.9 Billion by 2026

About Polaris Market Research

Polaris Market Research is a global market research and consulting company. The company specializes in providing exceptional market intelligence and in-depth business research services for our clientele spread across different enterprises. We at Polaris are obliged to serve our diverse customer base present across the industries of healthcare, technology, semi-conductors and chemicals among various other industries present around the world. We strive to provide our customers with updated information on innovative technologies, high growth markets, emerging business environments and latest business-centric applications, thereby helping them always to make informed decisions and leverage new opportunities. Adept with a highly competent, experienced and extremely qualified team of experts comprising SMEs, analysts and consultants, we at Polaris endeavor to deliver value-added business solutions to our customers.

E mail Id: sales@polarismarketresearch.com Web: www.polarismarketresearch.com Official Blog: https://cmfe-market-research-report.blogspot.com/

-7-