2. Kitchen Appliances Market Size is Estimated to Reach $340.9 million by 2026
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“Kitchen Appliances Market [By Product (Cooking Appliances, Dishwasher, Refrigerator, Others);
By Fuel Type (Cooking Gas, Electricity, Others); By End-User (Residential, Commercial); By
Distribution Channel (Offline, Online); By Structure (Built-in, Free Stand); By Region]: Market size
& Forecast, 2017 – 2026”
According to a new report published by Polaris Market Research the worldwide kitchen appliances
market is anticipated to reach USD 340.9 billion by 2026. In 2017, the refrigerator segment
dominated the global market, in terms of revenue. North America is expected to be the leading
contributor to the global market revenue during the forecast period.
The changing lifestyles and hectic schedules of the working professionals lead to growing demand for
kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate
faster cooking. Rising disposable income is one of the factors responsible for the growth of the
market. Increasing propensity of consumers to spend on appliances to lead convenient lives has also
resulted in an increased demand for kitchen appliances.
The other factors responsible for the growth of the market are convenience in fast cooking and
healthy food consumption. Players in the market are launching cooking appliances which enable
faster cooking while keeping the nutrients of food intact. Introduction of energy efficient cooking
appliances equipped with multiple cooking functionalities are available in the market to cater to the
consumers in the market. Moreover, the increasing trend of smart appliances would also encourage
manufacturers to launch innovative kitchen appliances, which are compact and easy-to-use.
Browse Detailed Research Report On Kitchen Appliances Market:
https://www.polarismarketresearch.com/industry-analysis/kitchen-appliances-market
There has been a considerable increase in middle class and young working population across the
globe. Rising female working population and busy schedules of people have led to an increasing
demand of kitchen appliances. Increase in the number of social gatherings coupled with growing
need for quick and efficient kitchen activities has boosted the market. Growing purchasing power of
individuals has led to increased spending on consumer goods. Rising disposable income enables
consumers to purchase multipurpose and easy-to-operate kitchen appliances to simplify and ease
their kitchen activities. Consumers generally opt for stylish and technologically advanced kitchen
appliances, which complement their living standards. Market players are introducing new products
equipped with advanced features at affordable prices to cater to the growing consumer demands.
North America generated the highest revenue in the market in 2017, and is expected to lead the
global market throughout the forecast period. The high living standards along with high disposable
income in the region encourage consumers to purchase kitchen appliances to simplify kitchen
activities. The growing adoption of smart technologies and home automation systems is further
expected to augment market growth in the region. Asia-Pacific is expected to grow at a significant
rate during the forecast period owing to the increasing population and improving living standards.
The different types of kitchen appliances include cooking appliances, refrigerators, dishwaters, and
others. In 2017, refrigerators accounted for the highest market share owing to increasing need to
3. Kitchen Appliances Market Size is Estimated to Reach $340.9 million by 2026
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conserve edible items at a range of different temperatures. Consumers prefer to use energy efficient
refrigerators owing to growing environmental concerns. Introduction of advanced refrigerators
equipped with smart technologies is expected to drive the market in the future.
The various end-users of kitchen appliances include residential and commercial users. In 2017,
residential users accounted for the largest share in the global market, and are estimated to grow at
a substantial rate during the forecast period. Residential consumers are increasingly spending on
kitchen appliances to simplify kitchen chores and lead comfortable lives. Household consumers are
opting for kitchen appliances, which are energy efficient and have minimal space requirements. In
addition, improvement in living standards has encouraged consumers to buy technology-driven and
luxury kitchen appliances. Integration of technologies such as Internet of Things and smart
technologies into kitchen appliances is expected to provide growth opportunities in the coming years.
The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch
GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung
Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and
collaborate with other market leaders to innovate and launch new products to meet the increasing
needs and requirements of consumers.
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appliances-market/request-for-sample
Table of Contents
1. Overview and Scope
1.1. Research goal & scope
4. Kitchen Appliances Market Size is Estimated to Reach $340.9 million by 2026
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1.2. Research assumptions
1.3. Research Methodology
1.3.1. Primary data sources
1.3.2. Secondary data sources
1.4. Key take-away
1.5. Stakeholders
2. Executive Summary
2.1. Market Definition
2.2. Market Segmentation
3. Kitchen Appliances Market Insights
3.1. Kitchen Appliances – Industry snapshot
3.2. Kitchen Appliances - Ecosystem analysis
3.3. Kitchen Appliances Market Dynamics
3.3.1. Kitchen Appliances – Market Forces
3.3.1.1. Kitchen Appliances Market Driver Analysis
3.3.1.2. Kitchen Appliances Market Restraint/Challenges analysis
3.3.1.3. Kitchen Appliances Market Opportunity Analysis
3.3.2. Industry analysis - Porter's five force
3.3.2.1. Bargaining power of supplier
3.3.2.2. Bargaining power of buyer
3.3.2.3. Threat of substitute
3.3.2.4. Threat of new entrant
3.3.2.5. Degree of competition
3.3.3. Kitchen Appliances Market PEST Analysis, 2017
3.3.4. Kitchen Appliances Market Value Chain Analysis
3.3.5. Kitchen Appliances Industry Trends
3.3.6. Competitive Ranking Analysis
4. Kitchen Appliances Market Size and Forecast, 2017-2026 by Product
4.1. Key Findings
4.2. Cooking Appliances
4.3. Refrigerator
4.4. Dishwasher
4.5. Others
5. Kitchen Appliances Market Size and Forecast, 2017-2026 by Fuel Type
5.1. Key Findings
5.2. Cooking Gas
5.3. Electricity
5.4. Others
6. Kitchen Appliances Market Size and Forecast, 2017-2026 by End-Users
6.1. Key Findings
6.2. Residential
6.3. Commercial
7. Kitchen Appliances Market Size and Forecast, 2017-2026 by Distribution Channel
7.1. Key Findings
7.2. Offline Stores
7.3. Online Platforms
8. Kitchen Appliances Market Size and Forecast, 2017-2026 by Structure
5. Kitchen Appliances Market Size is Estimated to Reach $340.9 million by 2026
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8.1. Key Findings
8.2. Free Stand
8.3. Built-in
9. Kitchen Appliances Market Size and Forecast, 2017-2026 by Region
9.1. Key Findings
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. UK
9.3.3. France
9.3.4. Italy
9.3.5. Rest of Europe
9.4. Asia-Pacific
9.4.1. China
9.4.2. India
9.4.3. Japan
9.4.4. Rest of Asia-Pacific
9.5. Latin America
9.5.1. Brazil
9.6. Middle East & Africa
10. Company Profiles
10.1. Whirlpool Corporation
10.1.1. Overview
10.1.2. Financials
10.1.3. Product Benchmarking
10.1.4. Recent Developments
10.2. Robert Bosch GmbH
10.2.1. Overview
10.2.2. Financials
10.2.3. Product Benchmarking
10.2.4. Recent Developments
10.3. LG Electronics
10.3.1. Overview
10.3.2. Financials
10.3.3. Product Benchmarking
10.3.4. Recent Developments
10.4. AB Electrolux
10.4.1. Overview
10.4.2. Financials
10.4.3. Product Benchmarking
10.4.4. Recent Developments
10.5. Haier Group Corporation
10.5.1. Overview
10.5.2. Financials
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10.5.3. Product Benchmarking
10.5.4. Recent Developments
10.6. Panasonic Corporation
10.6.1. Overview
10.6.2. Financials
10.6.3. Product Benchmarking
10.6.4. Recent Developments
10.7. Samsung Electronics
10.7.1. Overview
10.7.2. Financials
10.7.3. Product Benchmarking
10.7.4. Recent Developments
10.8. Morphy Richards Limited
10.8.1. Overview
10.8.2. Financials
10.8.3. Product Benchmarking
10.8.4. Recent Developments
10.9. Koninklijke Philips N.V.
10.9.1. Overview
10.9.2. Financials
10.9.3. Product Benchmarking
10.9.4. Recent Developments
10.10. Sharp Corporation
10.10.1. Overview
10.10.2. Financials
10.10.3. Product Benchmarking
10.10.4. Recent Developments
Access Press Release on Kitchen Appliances Market:
https://www.polarismarketresearch.com/press-releases/global-kitchen-appliances-market
About Polaris Market Research
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7. Kitchen Appliances Market Size is Estimated to Reach $340.9 million by 2026
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