According to the latest report by IMARC Group, “Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027“, The global kitchen appliances market is expected to exhibit a CAGR of 4.3% during 2022-2027.
Kitchen appliances represent devices and instruments used for efficiently performing kitchen activities. They operate by electricity or gas and are mainly utilized for cooking, storage, and cleaning purposes in the kitchen. In line with this, these appliances are available in a wide array of colors, materials, styles, sizes, mechanisms, etc., and include devices, including ovens, refrigerators, stoves, blenders, dishwashers, etc., which aid users in saving time, costs, and energy while cooking.
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Market Trends
The growing demand for technologically advanced and modern devices that make cooking and storing food more efficient and convenient is primarily augmenting the kitchen appliances market. Furthermore, the rising health consciousness, especially among the millennial population, is stimulating the adoption of healthy eating and cooking habits, which is bolstering the market growth. Apart from this, the increasing utilization of smart kitchen appliances that can be connected to wireless, Internet, or Bluetooth-based instruments and remotely controlled via a smartphone is acting as another significant growth-inducing factor.
Moreover, the inflating need for appliances that allow oil-free cooking and retention of numerous heat-sensitive nutrients is further catalyzing the global market. Besides this, the introduction of modular and energy-efficient kitchen equipment, such as speed cooking ovens, induction cooktops, warming drawers, etc., with energy-rating labels by leading manufacturers to address the issue of high electricity consumption is positively influencing the global market. Additionally, the expanding e-commerce sector, improving living standards of individuals, and the development of Wi-Fi connected variants are expected to fuel the kitchen appliances market in the coming years.
Note: We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Market Breakup by Product Type:
- Refrigerators
- Microwave Owens
- Induction Stoves
- Dishwasher
- Water Purifiers
- Others
Market Breakup by Structure:
- Built-In
- Free Stand
Market Breakup by Fuel Type:
- Cooking Gas
- Electricity
- Others
Market Breakup by Application:
- Residential
- Commercial
Market Breakup by Distribution Channel:
- Supermarkets and Hypermarkets
- Specialty Stores
- Online Stores
- Departmental Stores
- Others
Market Breakup by Region:
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the market has also been analyzed, with some of the top brands of kitchen appliances.
- Whirlpool Corporation
- AB Electrolux
- Winia Daewoo Electronics
- BSH Hausgerate GmbH
- Miele & Cie. KG
- Sub- Zero Group, Inc.
- Electrolux
- Whirlpool
- Samsung
- Philips
- Morphy Richard
- Dacor
- General Electric (GE)
- Life is Good (LG)
- Haier
- Panasonic.
As the novel coronavirus (COVID-19) crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.
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