In the recent past, the kitchen appliance industry has had some influential trends, which successfully grabbed the attention of the target customer. The improvised aesthetic trend is one such influential factor that helps drive the demand for kitchen appliance products. Black is proving to be the favorite color of customers even when it comes to buying any type of kitchen appliance. Considering this view, some of the leading manufacturers in the global kitchen appliances market have adopted several key product strategies. For example, Whirlpool Corporation, one of the major players in the global kitchen appliance market, has developed a strategy to offer the majority of its appliances in black stainless steel with a rich matte appearance, which makes it attractive and alluring to its customers. clients.
According to a new report published by Allied Market Research titled, “Kitchen Appliances Market by Product Type, User Application, Fuel Type, Product Structure and Distribution Channel: Global Opportunity Analysis and Industry Forecast, 2019 – 2026 ”, Kitchen Appliances Market size was valued at USD 237.30 Billion in 2019 and is projected to reach USD 377.70 Billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.
Main conclusions of the study:-
In 2019, based on product type, refrigerator segment accounted for approximately higher kitchen appliance market share, growing at a CAGR of 5.60% from 2020 to 2027.
In 2019, based on user applications, the household segment accounted for a higher share of the kitchen appliances market.
In 2019, depending on the region, North America accounted for a major market share of kitchen appliances.
Key Companies Profiled in Kitchen Appliances Industry include:-
Koninklijke Philips NV
Haier Electronics Group Co., Ltd.
SAMSUNG ELECTRONICS CO. LTD.
Robert Bosch GmbH
Illinois Tool Works Inc. (ITW) (BONNET International)
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Global Home Appliances was valued at US$501.3 billion in 2017 and is expected to register a CAGR of 5.4% during the forecast period. The continuous evolution and improvisation of the product offerings facilitated by the manufacturers has been one of the major reasons for the overall growth of the kitchen appliances market in terms of sales value. The kitchen appliances sector is considered as one of the major sectors that plays an important role in the growth of the global home appliances market. Refrigerator, cooking appliance, dishwasher are some of the main types of kitchen appliances.
Important features under Offer and report highlights:
– Detailed overview of the kitchen appliances market
– Changing market dynamics of the kitchen appliances market industry.
– In-depth segmentation of the Kitchen Appliances market by type, application, etc.
– Historical, current and projected market size in terms of volume and value.
– Recent industry trends and developments.
– Competitive landscape of Kitchen Appliances market.
– Strategies of key players and product offerings.
– Potential and niche segments/regions showing promising growth.
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LIST OF FIGURES
TABLE 01. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY PRODUCT TYPE, 2018-2026 ($ BILLION)
TABLE 02. REFRIGERATOR KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019-2027 ($ BILLION)
TABLE 03. KITCHEN APPLIANCE MARKET REVENUE FOR COOKING APPLIANCES, BY REGION 2019-2027 ($ BILLION)
TABLE 04. DISHWASHER KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019-2027 ($ BILLION)
TABLE 05. OTHER KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019-2027 ($ BILLION)
TABLE 06. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY USER APPLICATION, 2019-2027 ($ BILLION)
TABLE 07. DOMESTIC KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019-2027 ($ BILLION)
TABLE 08. COMMERCIAL KITCHEN APPLIANCES MARKET REVENUE, BY REGION 2019-2027 ($ BILLION)
TABLE 09. GLOBAL KITCHEN APPLIANCES MARKET REVENUE, BY FUEL TYPE, 2019-2027 ($ BILLION)
TABLE 10. KITCHEN APPLIANCE MARKET REVENUE FROM KITCHEN GAS, BY REGION 2019-2027 ($ BILLION)
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