Global Kitchen Appliance market
Kitchen appliances are tools that allow smooth functioning of the kitchen activity, along with the added benefit of convenience. These appliances are mainly used for cooking, storage and cleaning activities in the kitchen. The global kitchen appliances market is forecasted to expand at a CAGR of 6.5% from 2018 to 2023, leading to global revenue of USD 232.74 Billion by 2023.
Depending on product types, the global kitchen appliance market can be further segmented into refrigerators, dishwasher, cooking appliances, and others kitchen appliances. Other kitchen appliances include blenders, food processors, coffee makers, and are usually designed for countertops. The refrigerator market is expected to hold the highest share, capturing a significant portion of the market.
The main operation of these appliances is carried out by cooking gas and electricity, but other fuel types include solar energy, renewable energy, fuelwood, and biogas. Cooking gas accounts for the highest market share. However, the demand for electrically operated appliances is forecasted to expand at the highest CAGR.
In the end user segment, the households contribute a substantial share to the market. The increasing number of hotels, restaurants, and other food chains is expected to drive the commercial kitchen appliance market size in the coming years.
By region, North America holds the highest market share. Asia-Pacific is expected to show a high growth rate since China and India are anticipated to make remarkable contributions to the market.
Access Full Report with TOC @ https://www.planetmarketreports.com/reports/global-kitchen-appliance-market-5405
Key growth factors
Growing disposable income, increasing health concerns, and technological advancements are the key factors in propelling the growth of kitchen appliances market.
The sudden increase in the working-class population, along with the increasing consumption of fast food, is the reason behind the growth of health concerns among customers. The community is heading towards easy and quick cooking techniques. That is why consumers prefer kitchen appliances with the latest and advanced specifications.
The appliances with advanced technology help in maintaining the rising living standards of consumers, which gives an urbane appearance to their kitchen.
The increased usage of smart kitchen gadgets which are equipped with sensors, can act as an opportunity that the market can rely on for growth.
Threats and key players
The primary factor that restricts market growth is the increased emission of CFCs from refrigerating units and high energy consumption by some appliances.
Some of the key players operating in the kitchen appliances market are – Electrolux, Whirlpool, Samsung, Philips, Morphy Richard, Dacor, General Electric GE , Life is Good LG , Haier, and Panasonic.
What’s covered in the report?
1. Overview of the kitchen appliances market
2. Current market demand along with future expected demand trends of kitchen appliances in the household and commercial sectors
3. Current and forecasted regional North America, Europe, Asia-Pacific, Latin America, the Middle East & Africa market size data for kitchen appliances market
4. Current and forecasted market size data based on type – refrigerators, dishwasher, and cooking appliances
5. Analysis of company profiles of major public and private players operating in the market
7. Key opportunities in the kitchen appliances market
8. Market trends in the global kitchen appliances market
9. Value chain analysis in order to emphasize on preventing waste, optimizing the available resources, and contributing towards sustainability
10. Market attractiveness analysis in terms of region in order to furnish the competitive advantage of one region over the others
11. Market positioning of the key players across different regions in 2017
Why buy?
1. Understand the demand for Kitchen appliances to determine the viability of the business
2. Determine the developed and new markets where kitchen appliances are used
3. Formulate a product market strategy based on the position in the value chain to determine the optimal product/service placement
4. Identify the gap areas and address them
5. Develop strategies based on the industry and economic factors for each of the segments
6. Define the competitive positioning by comparing the products and services with the key players in the market.
Customizations Available
With the given market data, Planet Market Reports offers customizations according to specific needs. Write to us at sales@planetmarketreports.com
COMPANIES COVERED
Electrolux
Whirlpool
Samsung
Philips
Morphy Richard
Dacor
General Electric GE
Life is Good LG
Haier
Panasonic
Browse a Free Sample Report @ https://www.planetmarketreports.com/report-sample/global-kitchen-appliance-market-5405
About Us:
Planet Market Reports gives statistical surveying reports to businesses, people and associations with a goal of helping them in their decision making process. We have huge database of market research reports & company profiles across globe. We associated with global market research a publisher who has a wide range of research specialists & industry experts which provides you deeper penetration of market research industry.
We have statistical surveying reports from number of top publishers and update our reports collections on daily basis with most recent research data to furnish our customers with the moment online access to our database. With access to this database, our customers will be able to benefit from expert insights on worldwide businesses, items, and market patterns. We help you in your buy choice by mapping your data needs with our immense accumulation of reports.