Kitchen Appliances Market
Global Kitchen Appliances Market Size, Share & Trends Analysis Report By Product Type (Refrigerators, Microwave, Mixer & Juicer, and Food Processor, Stove & Hobs, Dishwasher, Water Purifier, Coffee Machines and Other), By Application (Residential and Commercial), By Distribution Channel (Online Channel and Offline Channel), Forecast Period 2020-2026 Update Available - Forecast 2024-2030
The kitchen appliances market is anticipated to grow at a significant CAGR of 6.3% during the forecast period. The kitchen appliances market growth can be attributed to the increasing disposable income of the people across the globe. Additionally, the increasing awareness regarding the advantages of various kitchen appliances coupled with the strengthening brand image will also aid in the growing market shares. Moreover, companies across the globe are using social media platforms and strong advertisement campaigns to drive the popularity of their products. Besides, the introduction of smart kitchen appliances is also expected to increase the replacement rate and average cost of kitchen appliances. Moreover, with the COVID-19 lockdowns in the country, people are staying more at home, hence need more sophisticated kitchen appliances, thus driving the market growth.
Segmental Outlook
The global kitchen appliances market is segmented based on product type, application, and distribution channels. Based on the product type, the market is sub-segmented into refrigerators, microwave, mixer & juicer and food processors, stove & hobs, dishwasher, water purifier, coffee machine, and other. Based on the application, the market is sub-segmented into a residential kitchen and commercial kitchen. Moreover, based on the distribution channel the market is sub-segmented into the online channel and offline channel.
The refrigerator segment will grow at a considerable rate
The refrigerator segment is anticipated to grow with a significant CAGR in the kitchen appliances market during the forecast period. The growth of the segment can be attributed to the availability of a variety of refrigerators with advanced technologies and a number of colors and feature options. Additionally, the increasing offering and adoption of a smart refrigerator are also fueling the segment considerably. For instance, in July 2020, Samsung Electronics launched the Connected Refrigerator SpaceMax Family Hub. The refrigerator comes with a number of smart features including automating meal planning, inside view of the refrigerator from anywhere, connection with other smart appliances at home, and a LED screen for streaming videos and tv shows. In addition to this, the rapidly developing hotel and restaurant sectors across the globe will also increase the demand for smart refrigerators thus driving segmental growth.
Global Kitchen Appliances Market Share by Product Type, 2019 (%)
Regional Outlooks
The global kitchen appliances market is further segmented based on geography into North America, Europe, Asia-Pacific, and the Rest of the World. North America is anticipated to be the leading region in the kitchen appliances market along with Europe. The growth of the market in the North American region can be mainly attributed to the high purchasing power of the people across the region. Additionally, the replacement of older kitchen appliances with new and advanced products is also significantly aiding the growth of the market in both North America and the European region. Furthermore, an increase in the working-class population base coupled with the changing food consumption and cooking habits will also influence the kitchen appliance market.
Global Kitchen Appliances Market Growth, by Region 2020-2026
Asia-Pacific will have considerable shares in the global Kitchen Appliances market
The Asia Pacific is estimated to hold considerable shares in the global kitchen appliances market during the forecast period owing to the rapidly expanding urban population across the region. Additionally, the continuously changing lifestyle of people across the region is also aiding the adoption of various latest kitchen appliances. Moreover, the increasing disposable income coupled with the continuously rising number of working women across the region will also drive the growth of the regional kitchen appliances market shares in the global market.
Market Players Outlook
The key players of the kitchen appliances market include Hitachi Ltd., LG Electronics Inc., Samsung Electronics Co. Ltd., Koninklijke Philips N.V., Whirlpool Corp., TCL Technology Group Corp., and others. The market players are considerably contributing to the market growth by the adoption of various strategies including merger, and acquisition, collaborations, funding to the start-ups, and new product launches to stay competitive in the market.
Recent Activities
- In February 2019, Midea Group at the North American Association of Food Equipment Manufacturers show (NAFEM 2019) launched two new products from its FlashChef professional kitchen series that is high-speed oven and a Scan&Go microwave.
- In January 2020, Samsung Electronics strengthening its product portfolio with the launch of a new premium slide-in range line, first-ever side-by-side Family Hub refrigerator at the 2020 Kitchen and Bath Industry Show.
- In January 2020, Panasonic Corp. collaborated with Drop, which is engaged in providing a smart kitchen platform. With the partnership, customized navigation will be offered to the Panasonic microwave ovens that have uniquely superior heating elements which when used alongside the Drop Recipes app is anticipated to enrich the consumer's dining experience.
The Report Covers
- Market value data analysis of 2019 and forecast to 2026.
- Annualized market revenues ($ million) for each market segment.
- Country-wise analysis of major geographical regions.
- Key companies operating in the global Kitchen Appliances market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
- Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
- Analysis of market-entry and market expansion strategies.
- Competitive strategies by identifying ‘who-stands-where’ in the market.
1. Report Summary
1.1. Research Methods and Tools
1.2. Market Breakdown
1.2.1. By Segments
1.2.2. By Geography
2. Market Overview and Insights
2.1. Scope of the Report
2.2. Analyst Insight & Current Market Trends
2.2.1. Key Findings
2.2.2. Recommendations
2.2.3. Conclusion
2.3. Rules & Regulations
3. Competitive Landscape
3.1. Competitive Dashboard
3.2. Key Strategy Analysis
3.3. Key Company Analysis
3.3.1. Koninklijke Philips N.V.
3.3.1.1. Overview
3.3.1.2. Financial Analysis
3.3.1.3. SWOT Analysis
3.3.1.4. Recent Developments
3.3.2. Hitachi, Ltd.
3.3.2.1. Overview
3.3.2.2. Financial Analysis
3.3.2.3. SWOT Analysis
3.3.2.4. Recent Developments
3.3.3. LG Electronics Inc.
3.3.3.1. Overview
3.3.3.2. Financial Analysis
3.3.3.3. SWOT Analysis
3.3.3.4. Recent Developments
3.3.4. Samsung Electronics Co. Ltd.
3.3.4.1. Overview
3.3.4.2. Financial Analysis
3.3.4.3. SWOT Analysis
3.3.4.4. Recent Developments
3.3.5. Whirlpool Corp.
3.3.5.1. Overview
3.3.5.2. Financial Analysis
3.3.5.3. SWOT Analysis
3.3.5.4. Recent Developments
4. Market Determinants
4.1. Motivators
4.2. Restraints
4.3. Opportunities
5. Market Segmentation
5.1. Global Kitchen Appliances Market by Product Type
5.1.1. Refrigerators
5.1.2. Microwave
5.1.3. Mixer & Juicer and Food Processors
5.1.4. Stove & Hobs
5.1.5. Dishwasher
5.1.6. Water Purifier
5.1.7. Coffee Machines
5.1.8. Other (Electric Chimney, Kettle, Toaster)
5.2. Global Kitchen Appliances Market by Application
5.2.1. Residential
5.2.2. Commercial
5.3. Global Kitchen Appliances Market by Distribution Channel
5.3.1. Online Channel
5.3.2. Offline Channel
6. Regional Analysis
6.1. North America
6.1.1. United States
6.1.2. Canada
6.2. Europe
6.2.1. UK
6.2.2. Germany
6.2.3. Italy
6.2.4. Spain
6.2.5. France
6.2.6. Rest of Europe
6.3. Asia-Pacific
6.3.1. China
6.3.2. India
6.3.3. Japan
6.3.4. Rest of Asia-Pacific
6.4. Rest of the World
7. Company Profiles
7.1. BBK Electronics Corp.
7.2. BSH Hausgeräte GmbH
7.3. De’ Longhi Appliances S.r.l.
7.4. Dyson Ltd.
7.5. Electrolux AB
7.6. General Electric Co.
7.7. Gorenje AS
7.8. Haier Group Corp.
7.9. Hitachi, Ltd.
7.10. Kenmore (Transform SR Holding Management LLC)
7.11. Koc Holding A.?.
7.12. Koninklijke Philips N.V.
7.13. LG Electronics Inc.
7.14. Midea Group
7.15. Miele & Cie. KG
7.16. Panasonic Corp.
7.17. Rinnai Corp.
7.18. Samsung Electronics Co., Ltd.
7.19. TCL Technology Group Corp.
7.20. Viking Range, LLC
7.21. Vorwerk & Co. KG
7.22. Welbilt Inc.
7.23. Whirlpool Corp.
1. GLOBAL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
2. GLOBAL REFRIGERATOR MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
3. GLOBAL MICROWAVE MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
4. GLOBAL MIXER & JUICER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($MILLION)
5. GLOBAL STOVES & HOBS MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
6. GLOBAL DISHWASHER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
7. GLOBAL WATER PURIFIER MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
8. GLOBAL COFFEE MACHINES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
9. GLOBAL OTHER KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
10. GLOBAL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
11. GLOBAL RESIDENTIAL KITCHEN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
12. GLOBAL COMMERCIAL KITCHEN MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
13. GLOBAL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
14. GLOBAL ONLINE CHANNEL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
15. GLOBAL OFFLINE CHANNEL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY REGION, 2019-2026 ($ MILLION)
16. GLOBAL KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY GEOGRAPHY, 2019-2026 ($ MILLION)
17. NORTH AMERICAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
18. NORTH AMERICAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
19. NORTH AMERICAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
20. NORTH AMERICAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
21. EUROPEAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
22. EUROPEAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
23. EUROPEAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
24. EUROPEAN KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
25. ASIA-PACIFIC KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY COUNTRY, 2019-2026 ($ MILLION)
26. ASIA-PACIFIC KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
27. ASIA-PACIFIC KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
28. ASIA-PACIFIC KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
29. REST OF THE WORLD KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY PRODUCT TYPE, 2019-2026 ($ MILLION)
30. REST OF THE WORLD KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY APPLICATION, 2019-2026 ($ MILLION)
31. REST OF THE WORLD KITCHEN APPLIANCES MARKET RESEARCH AND ANALYSIS BY DISTRIBUTION CHANNEL, 2019-2026 ($ MILLION)
1. GLOBAL KITCHEN APPLIANCES MARKET SHARE BY PRODUCT TYPE, 2019 VS 2026 (%)
2. GLOBAL KITCHEN APPLIANCES MARKET SHARE BY APPLICATION, 2019 VS 2026 (%)
3. GLOBAL KITCHEN APPLIANCES MARKET SHARE BY DISTRIBUTION CHANNEL, 2019 VS 2026 (%)
4. GLOBAL KITCHEN APPLIANCES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
5. GLOBAL REFRIGERATOR MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
6. GLOBAL MICROWAVE MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
7. GLOBAL MIXER & JUICER MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
8. GLOBAL STOVES & HOBS MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
9. GLOBAL DISHWASHER MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
10. GLOBAL WATER PURIFIER MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
11. GLOBAL COFFEE MACHINES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
12. GLOBAL OTHER KITCHEN APPLIANCES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
13. GLOBAL RESIDENTIAL KITCHEN APPLIANCES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
14. GLOBAL COMMERCIAL KITCHEN APPLIANCES MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
15. GLOBAL ONLINE CHANNEL MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
16. GLOBAL OFFLINE CHANNEL MARKET SHARE BY GEOGRAPHY, 2019 VS 2026 (%)
17. US KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
18. CANADA KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
19. UK KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
20. FRANCE KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
21. GERMANY KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
22. ITALY KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
23. SPAIN KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
24. REST OF EUROPE KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
25. INDIA KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
26. CHINA KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
27. JAPAN KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
28. REST OF ASIA-PACIFIC KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
29. REST OF WORLD KITCHEN APPLIANCES MARKET SIZE, 2019-2026 ($ MILLION)
