Kitchenware Equipments market is expected to grow with a CAGR of 3.6% during the forecast period of 2016 to 2024 examined in new market research report

Global Kitchenware Equipments Market Outlook

The Global Kitchenware Equipments Market is expected to increase at a CAGR of 3.6% over the forecast period i.e. 2016-2024. The global kitchenware equipments market is accounted for USD 176.4 billion in 2016 and anticipated to reach USD 234.5 billion by 2024.

Market Overview

Kitchen-ware are the tools used for cooking, baking and food preparation, they also used for the storage of food and raw food items before and after preparation. Kitchenware equipments are majorly used in commercial and household kitchens.

Rapid urbanization and growing personal disposable income of people boosts the demand of household appliances and various sectors.

Kitchen wares market growing rapidly with rapid increase of new housing societies and peoples inclination for better and comfortable lifestyles.

Increasing numbers of hotels, cafes, restaurants and commercial sectors boosts demand in commercial sectors. Growing tourism and hospitality sector also fueled the demand for new hotels which is strengthening the growth of kitchenware equipments in hospitality sector.

Rising number of cafes and restaurants with the urbanization in developing countries, showcase vast opportunity for the kitchenware equipment market. Rising demand for less power consuming and eco-friendly products bolstered the demand for energy efficient electric kitchenware equipments which is expected to foster the growth of kitchenware equipments market.

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Market Segmentation

By Product Type

• Cook-wares
  • Bake-wares
  • Cutlery & Knife Accessories
  • Appliances
  • Utensils & small Gadgets

By Distribution Channel

• Online
  • Offline
  • By End Users
  • Residential Kitchen
  • Commercial Kitchens

By Geography

• North America US, Canada {Market Share % , Market Size USD Million }
  • Europe UK, France, Italy, Germany, Spain, Hungary, Sweden, Russia, Poland and Rest of Europe {Market Share % , Market Size USD Million }
  • Middle East and Africa GCC Countries, North Africa, South Africa and Rest of Middle East & Africa {Market Share % , Market Size USD Million }
  • Latin America Brazil, Mexico and Rest of Latin America {Market Share % , Market Size USD Million }
  • Asia Pacific China, Japan, India, Singapore, South Korea, Australia, New Zealand and Rest of Asia-Pacific {Market Share % , Market Size USD Million }
  • Rest of the World{Market Share % , Market Size USD Million }

Growth Drivers and Restraints

Rapid digitization across the globe is playing an important role in increasing consumer power. Mobile solutions and access to the internet provided the opportunities for market players to interact with consumers in new ways.

Online platforms and e-commerce has significantly driven the growth of kitchenware equipments market across the globe. Digitization also provides substantial opportunities to develop more advanced products such as connected products.

Global middle class is expanding as a result of strong economic growth in emerging countries. This trend has been visible for many years and significantly strengthening the sales of kitchenware equipments.

Government regulations to keep least fuel efficient electric appliances away from market are the key factor driving the growth of electricity efficient kitchen appliances. For instance, all residential cooking appliances in Canada are subject to Canada s Energy efficiency Regulations, which set performance standards for their energy consumption.

Market Size and Forecast

Kitchenware Equipments Market is expected to increase at a CAGR of 3.6% over the forecast period i.e. 2016-2024. The global kitchenware equipments market is accounted for USD 176.4 billion in 2016 and anticipated to reach USD 234.5 billion by 2024.

The global kitchenware equipments market is expected to garner significant growth over the forecast period on the back of rapid urbanization growing in middle class families in developing regions.

Geographically, North America is the dominating region for global kitchenware equipments market with more than 30% revenue share in total market. In North America large home allows space for big kitchens and household appliances, including large kitchen appliances.

The region is comprised of several domestic and global manufacturers. The North America kitchenware equipments 70% market is captured by the four major retailers.

Asia Pacific region accounted for highest market share after North America with more than 25% revenue share in global kitchenware equipments market with China and Japan as the largest regional market share. In 2016, Europe market showed continued positive demand for kitchen appliances enabling growth in segments such as compact, energy-efficient and built-in kitchen products.

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Key Players

• Hobart Corporation
  • Synopsis
  • Financial Analysis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis
  • LG Electronics
  • Samsung Electronics
  • Morphy Richards
  • Phillips
  • Electrolux
  • Whirlpool
  • Pyrex Cookware
  • Illinois tools Works Inc.
  • Manitowoc Company Inc.
  • Dover Corporation
  Scope Background
  Market Synopsis
  Market Segmentation

The global kitchenware equipments market is segmented as follows:

• By Product Type Market Size, Demand Analysis and Growth Analysis
  • By Distribution Channel Type Market Size, Demand Analysis and Growth Analysis
  • By End Users Market Size, Demand Analysis and Growth Analysis

Global Kitchenware Equipments Market Report covered insights of below mentioned regions:

• North America U.S., Canada {Market Size, Growth Analysis and Opportunity Analysis}
  • Latin America Argentina, Mexico, Brazil and Rest of Latin America {Market Size, Growth Analysis and Opportunity Analysis}
  • Europe Germany, Italy, Spain, France, The U.K., Netherlands, Sweden, Hungary, Russia, Poland, Rest of Europe {Market Size, Growth Analysis and Opportunity Analysis}
  • Asia-Pacific China, India, Singapore, Japan, Australia, New Zealand, South Korea and Rest of Asia Pacific {Market Size, Growth Analysis and Opportunity Analysis}
  • Middle East and North Africa MENA {Market Size, Growth Analysis and Opportunity Analysis}
  • Rest of World {Market Size, Growth Analysis and Opportunity Analysis}

Market Dynamics: Growth Drivers, Restraints and Opportunities

• Risk Factors
  • Regional Variations
  • Recent Trends and Developments

Key Market Players

• Synopsis
  • Business Strategy
  • Product Portfolio
  • SWOT Analysis

Market Landscape: Competition and Beyond

Market outlook for business players and entry level players to ascertain their business in dynamic ecosystem
Expert Analysis
Concluding Remarks

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