The global kitchen appliances market size was USD 171.68 Billion in 2021 and is expected to register a revenue CAGR of 3.3% during the forecast period, according to the latest analysis by Emergen Research. Technological advancements in kitchen appliances and launch of innovative products are factors projected to support market revenue growth between 2021 and 2030. For example, presently dishwashers are manufactured with more innovative designs, operate more quietly, use less electricity, and clean more thoroughly. The US Department of Energy (DoE) claims that modern dishwashers conserve water and energy by using less water to wash a load of dishes than hand washing. Additionally, for even more thorough cleaning, these machines may produce water at much higher temperatures than one can safely expose to their skin. Dishwashers are now more well-known to customers as a result of pandemic. Today, majority of people in developing countries live in nuclear families and apartment culture is spreading throughout cities. Regular dishwashers size, which makes it difficult for them to fit in smaller kitchens, is one of the difficulties associated with them. The recently released little dishwasher may be conveniently placed over a counter or on top of a table without taking up any floor space. Small households frequently wonder whether they actually need a full-sized dishwasher considering their meager dishwashing requirements. For instance, Godrej & Boyce launched Godrej Eon Magnus Counter-Top Dishwasher to manage dishwashing requirements of smaller families. Godrej Eon Magnus Counter-Top Dishwasher is a small model with 8 place settings that can easily wash all typical dishes for two to three-person homes.
The global Kitchen Appliances market report comprehensively studies the present growth prospects and challenges for the key regions of the Kitchen Appliances market. The report continues to evaluate the revenue shares of these regions over the forecast timeline. It further scrutinizes the year-on-year growth rate of these regions over the projected years. The report is further intended to help the readers gain vital insights into the global market, particularly the prevailing growth opportunities and competitive scenario.
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The leading market contenders listed in the report are:
AB Electrolux, Whirlpool Corporation, LG Electronics, Samsung Electronics, Dacor, Morphy Richards, Koninklijke Philips N.V., Panasonic Corporation, Robert Bosch GmbH, Haier Group, and General Electric
Key reasons to buy the Global Kitchen Appliances Market report:
- It offers a detailed account of the end-use applications of the products services offered by this industry.
- The latest report comprehensively studies the global Kitchen Appliances market size and provides useful inference on numerous aspects of the market, such as the current business trends, market share, product offerings, and product share.
- The report offers an insightful analysis of the regional outlook of the market.
- The report holistically covers the latest developments taking place in this industry. Therefore, it lists the most effective business strategies implemented by the market rivals for ideal business expansion.
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Market Segmentations of the Kitchen Appliances Market
-
Product Type Outlook (Revenue, USD Billion; 2019–2030)
- Cooking Appliances
- Refrigerator
- Mixers and Grinders
- Water Purifier
- Dishwasher
- Oven
- Others
-
Fuel Type Outlook (Revenue, USD Billion; 2019–2030)
- Electricity
- Cooking Gas
- Kerosene
- Others
-
Distribution Channel Outlook (Revenue, USD Billion; 2019–2030)
- Online Stores
- Offline Stores
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Regional Outlook of the Kitchen Appliances Market
The global Kitchen Appliances market has been categorized into several important geographical regions, including North America, Europe, Asia Pacific, Latin America, and Middle East Africa. In this section, authors of the report have studied the presence of the global Kitchen Appliances market across major geographies. Moreover, the estimated market share, market size, revenue contribution, sales network and distribution channel, and other crucial elements of each regional segment have been detailed in the report.
The research provides answers to the following key questions:
- What will be the growth rate of the Kitchen Appliances market for the forecast period, 2020 to 2030? What will be the market size and the share occupied by the prominent vendors by the estimated period?
- What are challenges and threats faced by the prominent vendors operating in the Kitchen Appliances market?
- Who are the prominent vendors and what has been their business strategy so far to maintain a competitive edge over their competitors?
- What are the past, present and emerging trends likely to influence the growth rate of the Kitchen Appliances market for the forecast period, 2022 to 2030?
- What are the opportunities prominent vendors can bank on to generate more profits during the estimated period?
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