Global Kitchen Appliances Market by Product Type and by region
The GMI Research speculates that the Kitchen Appliances Market will undergo an accumulation in demand over the forecast period. This is because of the persistent technological development, enlargement of the self-life, assistance to sustain the food quality, and the mounting number of working women population.
Introduction of the Kitchen Appliances Market
Home appliances refer to the automotive or mechanical instruments required to fulfil the household functions such as cleaning or cooking. The tools are a component of home appliances designed to be implemented in the kitchen to prepare food. They are present in several colours, mechanisms, sizes, and materials. In addition, they help to consummate the tasks and play an essential role in plotting the kitchen. These devices are operated by the usage of electricity or gas and include various devices such as dishwashers, food processors, and coffee makers.
Key Players of Market:
- Whirlpool Corporation
- Panasonic Corporation
- Haier Inc.
- AB Electrolux
- Koninklijke Philips N.V.
- Dacor, Inc.
- Morphy Richards
- LG Electronics
- Robert Bosch GmbH
Kitchen Appliances Market Dynamics
The factors ameliorating the growth of the global kitchen appliances market include the ongoing technological modernizations for the expansion of kitchen appliances and the altering living standards of consumers, resulting in an expansion of technologically sophisticated products. In addition, the amplification of smart homes across various regions resulting in an evolution of smart appliances is further strengthening the market growth. Furthermore, the accelerating disposable income and the mounting middle class and nuclear families are stimulating market growth.
Besides this, the aggravating seepage of women in the workforce and enlargement in distribution channels, especially online, are other factors contributing to the market growth. Moreover, the Global Kitchen Appliances Market Analysis reveals that the compounding demand for quick and convenient cooking devices, as well as the intensified investment by leading companies in the marketing activities of their products, will further pave the way for market growth. The increasing consciousness concerned with the accessibility of a wide variety of small and large devices and the sudden drift towards online shopping is promoting market growth.
In addition to it, the expanding infrastructural sector has supplemented the provision of displacing progressive tools for various purposes across residential and commercial areas. In accordance with the data broadcasted by the U.S. Census Bureau, the housing authority accepted a 1.55 million number of novel privately-owned housing units at various building permit-issuing places in the United States in September 2020. Also, the surging home remodelling activities to offer viable opportunities for sophisticated home appliances products are further complementing the market growth. On the other hand, the inflated maintenance & functioning costs and rising agitation concerned with the power consumption by the appliances will restrain the Kitchen Appliances Market Size.
Product Type Segment Drivers
Based on the product type, the Refrigerator is contemplated to witness faster growth during the coming years. This is owing to the rising acquisition of refrigerators and continuous technological innovations for the introduction of modernized refrigerators to reduce energy consumption.
User Application Segment Drivers
Based on the user application, Household is likely to experience a notable compound annual growth rate over the forecast period. The soaring usage of appliances in the household as a result of the accelerating urban population and impelling disposable income of the consumers are driving the market growth. Furthermore, as per the Kitchen Appliances Market Research Report, the drift towards the modular kitchen owing to the demand for appliances making life easier and comfortable are bolstering the market share.
Based on the regional coverage, Asia-Pacific is projected to seize a prominent share over the coming years. This is because of the growing demand for kitchen appliances primarily from emerging economies such as India as a result of the amplifying purchasing power of the consumers. Further, the improvement in lifestyle of consumers and augmenting rural to urban population are further responsible for the market growth.
Kitchen Appliances Market Segmentation:
Segmentation by Product Type
- Cooking Appliances
Segmentation by User Application
Segmentation by Fuel Type
- Cooking Gas
Segmentation by Product Structure
- Free Stand Appliance
Segmentation by Distribution Channel
- Specialty Stores
- Supermarket & Hypermarket
Segmentation by Region:
- United Kingdom
- Rest of Europe
- Asia Pacific
- Rest of APAC
- North America
- United States of America
- South Africa
- Saudi Arabia
About GMI Research
The research and consulting organisation provides research reports and business penetration to various enterprises to help them make prudent business policies and attain viable growth in the specific market domain. Our cosmic team of analysts and experienced researchers proffer a comprehensive solution for the client. The research report provides a comprehensive analysis, including forecasts, view on competitive landscape, factors impacting the market growth, and other market acumen to support companies in making a judicious decision.
Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
For More Info:
SHARE WITH FRIENDS
GMI Research is a market research and consulting company that offers business sights and market research reports for every enterprise, including small & medium enterprises and large organizations. Our research team helps the clients to understand the impact of market dynamics such as market size, share, drivers, growth opportunities, and other aspects.