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The Global Kitchen Appliances Market Size is expected to reach $271.4 Billion by 2022, growing at a CAGR of 7.6% during 2016 -2022.
Kitchen appliances market is a rapidly growing market due to rapid change in the lifestyle of consumers, globally. Higher disposable income among people, especially in the emerging economies and growing awareness about health are some the major factors driving the growth of global kitchen appliances market. Nevertheless, relatively higher energy consumption is major restraining factor hindering the market growth. To gain a competitive advantage and remain profitable, companies are launching various energy efficient and easy to use kitchen appliances. Kitchen appliances market tremendous potential in the years to come.
Urbanization paired with rising disposable income have allowed consumers to spend on luxury items, in turn positively effecting the global kitchen appliances market. Better lifestyle in the urban population has given rise to the demand for modular kitchen, and as a result, paving way to the development of advanced and innovative kitchen appliances. Rapidly increasing food establishments have significantly contributed to the demand for commercial kitchen appliances. The report highlights the adoption of Kitchen Appliances, globally. Based on the Product Type, the Global Kitchen Appliances Market is segmented into Refrigerator, Cooking Appliances, Dishwasher and Others segment. Based on the User Application, the market is bifurcated into Commercial and Household segment.
According to the Fuel type, the market is segmented into Electric, Cooking Gas and Other segments. Based on the Product Structure, the market is segmented into Built-in and Free Stand segment. The geographies included in the report are North America, Europe, Asia Pacific and LAMEA (Latin America, Middle East and Africa).
Key companies profiled in the report includes Whirlpool Corporation, AB Electrolux, Haier Group Corporation, Koninklijke Philips N.V., Panasonic Corporation, Robert Bosch GmbH, Samsung Electronics, Morphy Richards and Dacor.