According to the latest report from the IMARC group, entitled “Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026“, the global kitchen appliances market size was US $ 252 billion in 2019. Looking ahead, the market is expected to continue its moderate growth during 2021-2026.
Kitchen appliances include refrigerators, food processors, blenders, and dishwashers, which are used for the proper functioning of kitchen activities. They run mainly on electricity or gas and are used for cooking, storage and cleaning purposes. Kitchen appliances are available in a wide range of colors, sizes, mechanisms and materials that help users save time, money and energy while cooking.
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Inflation in income levels and changing lifestyles of people have resulted in the increasing adoption of smart kitchen appliances across the world. Apart from this, the manufacturers are integrating wireless, internet or bluetooth technologies into various products, which is driving the growth of the market. They are also introducing modular and energy-efficient kitchen equipment such as induction hobs, quick-cooking ovens and warming drawers. In addition, changing eating habits and growing health awareness among the young population is catalyzing the demand for home cooked foods. This consequently boosts the overall sales of kitchen appliances in the residential sector. Looking ahead, the market is expected to continue to grow moderately over the next five years, according to a new report from IMARC Group.
Note: We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Global Kitchen Appliances Market Analysis and Segmentation 2021-2026:
Market disruption by product type:
- Owens microwave
- Induction stoves
- Water purifiers
Market breakdown by structure:
Market disruption by fuel type:
- Gas cooking
Market breakdown by application:
Market breakdown by distribution channel:
- Supermarkets and hypermarkets
- Specialty stores
- Online stores
- Department stores
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
- Whirlpool Company
- AB Electrolux
- Winia Daewoo Electronics
- BSH Hausgerate GmbH
- Miele & Cie KG
- Sub-Zero Group, Inc.
- Morphy Richard
- General Electric (GE)
- Life is good (LG)
As the novel coronavirus (COVID-19) crisis takes over the world, we are constantly monitoring changes in the markets, as well as the industrial behaviors of consumers around the world and our estimates on the latest market trends and forecasts are made afterwards. examining the impact of this pandemic.
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