Global Kitchen Appliances Market 2024-2028
The kitchen appliances market is forecasted to grow by USD 64.03 bn during 2023-2028, accelerating at a CAGR of 5.31% during the forecast period. The report on the kitchen appliances market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by growing demand for premium and innovative smart kitchen appliances, growth in residential construction activities, and ease of use and convenience offered by smart kitchen appliances.
Technavio's kitchen appliances market is segmented as below:
By Application
By Distribution Channel
By Geographical Landscape
- APAC
- North America
- Europe
- South America
- Middle East and Africa
This study identifies the advent of multi-cooking functionalities in smart cooking appliances as one of the prime reasons driving the kitchen appliances market growth during the next few years. Also, increased adoption of modular kitchen and expansion of distribution network (including omnichannel distribution) and multi-channel marketing will lead to sizable demand in the market.
The report on the kitchen appliances market covers the following areas:
- Kitchen appliances market sizing
- Kitchen appliances market forecast
- Kitchen appliances market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading kitchen appliances market vendors that include Beko A and NZ Pty Ltd., BSH Hausgerate GmbH, Coway Co. Ltd., Electrolux AB, General Electric Co., Godrej and Boyce Manufacturing Co. Ltd., Gourmia Inc., Haier Smart Home Co. Ltd., Havells India Ltd., Koninklijke Philips N.V., LG Electronics Inc., MIDEA Group Co. Ltd., Miele and Cie. KG, Newell Brands Inc., Robert Bosch GmbH, Samsung Electronics Co. Ltd., Sharp Corp., Smarter Applications Ltd., Weber Stephen Products LLC, and Whirlpool Corp.. Also, the kitchen appliances market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources through an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast accurate market growth.