USD 241.3 billion
Kitchen Appliances Market Size, Share, Growth Analysis, By Product(Refrigerator, Cooking Appliances (Cooktops & Cooking Range, Ovens, Toasters), By Technology(Conventional, Smart Appliances), By Application(Commercial, Residential), By Distribution Channel(Offline, Online), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG20D2191 |
Region:
Global |
Published Date: February, 2024
Pages:
165
|Tables:
119
|Figures:
77
Kitchen Appliances Market Insights
Kitchen Appliances Market size was valued at USD 241.3 billion in 2019 and is poised to grow from USD 252.88 billion in 2023 to USD 385.63 billion by 2031, growing at a CAGR of 4.8% in the forecast period (2024-2031).
Kitchen appliances are cooking gadgets intended for smooth and simple cooking. Gas or power transmitted to work kitchen appliances. These gadgets are significantly utilized for cooking, stockpiling, and cleaning capabilities inside the kitchen. Electric kitchen machine overwhelms the kitchen appliances market; be that as it may, cooking fuel, sustainable power, and sun oriented energy additionally assume a fundamental part for working kitchenware machines. Oven, cooler, and dishwasher are a portion of the significant gadgets utilized in the kitchen. Kitchen appliances are primarily utilized in private kitchens and in the business region of the market such for instance lodgings, cafés, the cafeteria of office or instructive associations as they help in cooking, and in protecting the food or food materials.
Financially efficient and energy proficient items are supposed to acquire income share over the course of the following seven years attributable to expanding government concentration to check energy consumption. Factors influencing the organic market of these fills might influence the business. Country charge is expected to help industry development over the period.
Members of the industry have a vested interest in inventive work for item creation in order to maintain Kitchen Appliances Market share and keep up with changing customer preferences. Clients' purchase decisions are influenced by the things' quality, pricing, energy productivity, and innovation progress. The company's shop network plays an important role in the industry, and the rise of online business entry is expected to fuel growth.
US Kitchen Appliances Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
Residential
Fastest Growth
Residential
Growth Rate
4.8% CAGR
Global Kitchen Appliance Market 2021-2028 ($ Mn)
Country Share for North America Region- 2021 (%)
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Kitchen Appliances Market Segmental Analysis
Kitchen Appliances market is segmented by Product, Technology, Application, Distribution channel, and Region. Based on Product, the market can be segmented into Refrigerator, Cooking Appliances (Cooktops & Cooking Range, Ovens, Toasters, Others), Dishwasher, Range Hood, Others. Based on Technology, the market is segmented into Conventional, Smart Appliances. Based on Application the market is segmented into Commercial, Residential. Based on Distribution Channel, the market is segmented into Offline, Online. Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
Kitchen Appliances Market Analysis by Product Type
The refrigerator sector has a larger part of the market for kitchen appliances. Refrigerators are currently considered one of the "must have" kitchen appliances, thanks to better technology and a variety of sizes and colours. The segment has been developing in terms of product offers and technology adoption during the last few years. The smart refrigerator has been on the rise and is gaining momentum among its primary audience. The Kitchen Appliances Market for commercial refrigerators is growing due to rapid changes in the food business. Companies are always developing new and innovative refrigerators that are loaded with cutting-edge technology. They want to provide consumers with the best kitchen appliances that fit their lifestyle and status.
Kitchen Appliances Market Analysis by Application
Kitchen appliances are generally utilized among the families for their everyday cooking needs, consequently bringing about bigger incomes for the private section. Also, the developing number of ladies working across the globe, combined with their bustling working way of life, is further liable to drive the interest for shrewd kitchen items across the private area. There is an expansion in the interest for kitchen machines among the family end clients attributable to changes in way of life and expansion in extra cash. The market is seeing an ascent in pattern of measured kitchens among family customers. Clients are deciding on cutting edge and modern underlying kitchen appliances, to improve the tasteful worth of the kitchen.
The commercial fragment is probably going to develop at a quicker rate inferable from the expanding infrastructural offices connected with the cafés and lodgings across the globe. Also, the developing travel and recreation exercises among individuals are further prone to help the interest for kitchen appliances across different hotels and the travel industry spots all around the world
Kitchen Appliances Market Analysis by Distribution Channel
Due to consumer need for purchasing appliances from physical locations, the offline stores segment is expected to hold a large Kitchen Appliances Market share. Consumers prefer to buy electrical goods from speciality stores because they can obtain a better understanding of the product features from the sales staff in person. Furthermore, such retailers' supply of discounts and deals on a variety of products is likely to entice individuals to buy kitchen equipment from them. These elements are expected to promote the expansion of the offline segment in the approaching years. During the projected period, the online segment is expected to develop at the fastest rate. This can be linked to the growing popularity of internet shopping among people all over the world.
Global Kitchen Appliance Market By Application, 2021 (%)
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Kitchen Appliances Market Regional Insights
By Region, the kitchen appliances industry is investigated across North America, Europe, Asia-Pacific, and LAMEA. North America is quite possibly of the most predominant region in the global Kitchen Appliances Market. There is an expansion in the reception of shrewd kitchen appliances because of ascend in pattern of particular kitchen among buyers. Common public want explicit kitchen appliances that prepare food significantly quicker, accordingly simplifying life and advantageous. Organizations working in the market offer a few kitchen machines to take care of the need of clients.
Rising private ventures and developing pattern of family units is supposed to drive interest in the Asia Pacific area over the estimate period. Asia-Pacific, kitchen appliances market, is supposed to account more than 25% of the general income share and is supposed to develop at CAGR of around 5% from 2015 to 2022. Power framework improvement in provincial India is supposed to open new learning experiences for industry member in the region.
Global Kitchen Appliance Market By Geography, 2021 - 2028
- Largest
- Fastest
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Kitchen Appliances Market Dynamics
Kitchen Appliances Market Driver
- The rising reception of brilliant kitchen machines across the globe is one of the key elements driving the development of the Kitchen Appliances Market. Attributable to fast urbanization, there is a raising interest for mechanically progressed and current machines which make preparing and putting away food more effective and helpful. Moreover, savvy kitchen machines, which can be associated with remote, Internet or Bluetooth based gadgets and can be controlled somewhat through a cell phone are building up forward momentum on the lookout.
Kitchen Appliances Market Restraint
- The high cost of machines is a major factor impeding the growth of the commercial sector. Furthermore, a large portion of the population in Asia is made up of middle- to low-income households who, despite their willingness, cannot afford to invest in high-tech kitchen appliances.
- In any event, long-term interest in creative improvements and embedded IoT frameworks is expected to lower costs and increase acceptance of smart kitchen devices.
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Kitchen Appliances Market Competitive Landscape
There are a few worldwide players that are acting in larger part of the nations and a developing number of more modest players in the provincial level, who are offering moderate quality items in a reasonable scope of costs. A few makers are on the ways of getting more client consideration by offering mechanically progressed and subjective appliances. Vital participants depend on a mix of strategies to extend the entrance across rewarding market sectors. These systems incorporate item dispatches, coordinated efforts with central members, associations, acquisitions, and fortifying of territorial and worldwide dissemination organizations. The major players in the Kitchen Appliances Market are Panasonic Corporation, Whirlpool Corporation, Haier Group Corporation , Samsung Electronics and many others.
Kitchen Appliances Market Top Players Company Profiles
- Whirlpool Corporation
- LG Electronics Inc.
- Electrolux AB
- Samsung Electronics Co., Ltd.
- Haier Group Corporation
- Midea Group Co., Ltd.
- Panasonic Corporation
- BSH Hausgeräte GmbH (Bosch)
- Koninklijke Philips N.V.
- AB Electrolux
- General Electric Company
- Robert Bosch GmbH
- Hitachi, Ltd.
- Breville Group Limited
- Spectrum Brands Holdings, Inc.
- Morphy Richards Ltd.
- Hamilton Beach Brands Holding Company
- Kenwood Limited
- De'Longhi S.p.A.
- Groupe SEB
Kitchen Appliances Market Recent Developments
- In March 2022, Samsung appeared a full line of enlistment cooktops and ranges. The reaches have four enlistment burners on a 6.3-cubic-foot broiler with steam and air fry choices.
- In January 2022, Samsung is likewise expanding on its enlistment cooktops sent off in 2021 with another 30-inch cooktop line that offers simple to-introduce choices for property holders hoping to do the change to acceptance. Its acceptance items are all Wi-Fi-empowered, permitting clients to control the machine from Samsung's SmartThings application.
Kitchen Appliances Key Market Trends
- Smart cookware and cooktops are expected to hold significant share after smart refrigerators, and will drive interest. Inventive arrangements along with IoT (Internet of Things) are estimated to be a significant driver for cookware, cooktops and appliances.
- Growing urbanization, long working hours and furious way of life are driving the deals for cookware and cooktops. Likewise, the end client interest for appliances that would save energy has expanded after some time. Along these lines, cookware and cooktops are supposed to represent 25% of share of market.
Kitchen Appliances Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, by application, the residential segment has the largest share of the Kitchen Appliances Market. Product-wise, the Refrigerator has dominated the market with a market share. Region-wise, the North America region accounted highest market share.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 241.3 billion |
| Market size value in 2031 | USD 385.63 billion |
| Growth Rate | 4.8% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Kitchen Appliances Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Kitchen Appliances Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Kitchen Appliances Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Kitchen Appliances Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Kitchen Appliances Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Kitchen Appliances Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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