Kitchen Appliances Market Overview:
Data Bridge Market Research recently added “Kitchen Appliances Market – Industry Trends and Forecast to 2026″ in his database.
Global Kitchen Appliances Market is expected to rise from its initial estimated value of USD 172.97 billion in 2018 to an estimated value of USD 296.74 billion by 2026, registering a CAGR of 6.98% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased levels of innovations and technological advancements activities adopted by the players in the market.
Kitchen appliances can be defined as the electrical devices and equipments that promote the ease of use and life in cooking and associated activities in the kitchen. These devices are set for a particular way of usage according to their purpose and characteristics. These appliances majorly consist of small appliances barring some of the major appliances such as refrigerators, stoves, etc.
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Major Market Players covered in the Market are:
Whirlpool Corporation; Morphy Richards; LG Electronics; Havells India Ltd.; SAMSUNG; Electrolux; Koninklijke Philips N.V.; Haier lnc.; Panasonic Corporation; BSH Home Appliances Group; Hitachi Appliances, Inc.; Mabe; Midea Group and Miele & Cie. KG.
By Product (Ovens, Microwaves, Refrigerators, Stoves, Dishwashers, Water Purifiers, Others),
By End-Use Application (Commercial, Household), Structure (Free-Stand, Built-In),
By Distribution Channel (Direct, E-Commerce)
Assessment of key market trends having a positive impact on the market over subsequent two years, including an in-depth report analysis of market segmentation, including sub-markets, on a regional and global basis. The research provides Kitchen Appliances Market dynamics, including business growth drivers, potential opportunities, constraints, threats, challenges and other market current trends.
Years that have been considered for the study of this report are as follows:
History Year: 2015-2019
Base Year: 2019
Estimated Year: 2020
Forecast Year: 2020 to 2026
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Based on regions, the market is classified into North America, Europe, Asia- Pacific, Middle East & Africa, and Latin America
The Middle East and Africa (GCC Countries and Egypt)
North America (the United States, Mexico, and Canada)
South America (Brazil, Argentina etc.)
Europe (Turkey, Germany, Russia UK, Italy, France, etc.)
Asia-Pacific (Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia)
Increasing levels of disposable income which has enabled a number of consumers to purchase the advanced and innovative products being presented by the manufacturers
Cost of operation, maintenance and environmental impact associated with the working of these appliances
Key Developments in the Market:
In February 2019, Electrolux announced the launch of new appliances for home and kitchen in the North America region at the 2019 “Kitchen and Bath Industry Show (KBIS)” in Las Vegas, United States. The products launched under the Frigidaire brand included an oven with air fry technology, as well as customizable refrigerator drawer with the capability of being converted into a freezer; along with the introduction of climate-controlled wine cellars from its Vintec brand.
In August 2018, LG Electronics announced the introduction of an extension to its “LG SIGNATURE” brand at the Internationale Funkausstellung Berlin (IFA) 2018 held in Berlin, Germany. The new products included a wine cellar, dryer and a bottom-freezer refrigerator.
Reasons to choose this report:
Major changes in market dynamics and competitive landscape.
Segmentation on the basis of type, application, geography and others.
Historical and future market research in terms of size, share, growth, volume & sales.
Major changes and assessment in market dynamics & developments.
Industry size & share analysis with industry growth and trends.
Emerging key segments and regions
Key business strategies by major market players and their key methods.
Porter’s five force analysis of the market, highlighting the efficiency of purchasers and sellers to develop efficient growth strategies.
The research report covers size, share, trends and growth analysis of the Kitchen AppliancesMarket on global and regional level.
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