Rapid advancements and innovation in kitchen appliances technologies and growing health concerns due to COVID-19 pandemic are key drivers for market revenue growth
The Global kitchen appliances market the size was USD 171.68 billion in 2021 and is expected to register a CAGR of 3.3% during the forecast period, according to the latest analysis from Emergen Research. Technological advancements in kitchen appliances and the launch of innovative products are factors that are expected to support the market revenue growth between 2021 and 2030.
For example, dishwashers are now being made with more innovative designs, run quieter, 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 can produce water at much higher temperatures than can be safely exposed to the skin. Dishwashers are now more familiar to customers due to the pandemic. Today, the majority of people in developing countries live in nuclear families, and the apartment culture is spreading in cities. One of the difficulties associated with them is the size of ordinary dishwashers, which makes them difficult to fit into small kitchens.
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The newly released small dishwasher can be easily placed on a counter or tabletop without taking up floor space. Small households often wonder if they really need a full-size dishwasher given their low dishwashing needs. For example, Godrej & Boyce introduced the Godrej Eon Magnus countertop dishwasher to handle the dishwashing needs of small families. The Godrej Eon Magnus countertop dishwasher is a small model with 8 place settings that can easily wash all typical dishes for two to three person homes.
The objectives of this study are to define, segment and project the Kitchen Appliances market size based on company, product type, application and key regions.
The report offers accurate information about market price, capacity, value, gross revenue and profit. The main objective of the report is to offer in-depth details about market size, revenue growth and overall market dynamics to readers, stakeholders and businesses to enhance their share in the global Home Appliances market. kitchen. It also provides detailed information regarding key drivers, restraints, limitations, challenges along with various market segmentations such as product type, application and regional bifurcation.
Purpose of the report:
The report offers a comprehensive analysis of the global Kitchen Appliances Market with details about each market player including company profile, financial status, global position, revenue contribution, production and manufacturing capacity. , business expansion plans and new product launches. The major players are strategizing for various plans such as M&A acquisition, partnerships, joint ventures, licensing agreements, and collaborations. AB Electrolux, Whirlpool Corporation, LG Electronics, Samsung Electronics, Dacor, Morphy Richards, Koninklijke Philips NV, Panasonic Corporation, Robert Bosch GmbH, Haier Group and General Electric and others are some of the top companies profiled in the report.
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The dishwasher segment is expected to register a rapid revenue CAGR owing to rapid urbanization, increase in new infrastructure projects such as smart cities, and rising demand for integrated kitchen appliances. It saves water and time in cleaning utensils and drives revenue growth in this segment.
The offline store segment accounted for the largest share of revenue in 2021. Customers prefer to buy electrical appliances and kitchenware from retail stores as they can better understand the product features from the sellers in these establishments. Additionally, these stores offer loyalty points, deals, and discounts on a variety of products.
The North American market accounted for the largest share of revenue in 2021. This is attributed to rapid advancements in smart kitchen appliance technologies and growing demand for modular kitchens.
Emergen Research has segmented the global kitchen appliances market on the basis of product type, fuel type, distribution channel, application, and region:
Product Type Outlook (Revenue, USD Billion; 2019-2030)
Mixers and grinders
Fuel Type Outlook (Revenue, USD Billion; 2019-2030)
Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)
Application Outlook (Revenue, USD Billion; 2019-2030)
Regional Outlook (Revenue, USD Billion; 2019-2030)
The rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of the Middle East and Africa
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Key Features of the Kitchen Appliances Market Report:
The report includes Kitchen Appliances market overview along with market share, demand and supply ratio, production and consumption patterns, supply chain analysis and others ley elements.
An in-depth analysis of the different approaches and procedures undertaken by key players to conduct their business effectively
Offers an overview of production and manufacturing value, products and services offered in the market, and fruitful information on investment strategies
Supply chain analysis along with the technological advancements offered in the report
The report covers an in-depth analysis of trends, drivers, restraints, limitations, threats and growth opportunities in the Kitchen Appliances industry.
At Emergen Research, we believe in advancing with technology. We are building a market research and strategy consulting firm with an extensive knowledge base on cutting-edge and potentially market-disrupting technologies that are expected to become more prevalent over the next decade.
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