Global Kitchen Appliances Market Size Worth US$ 322.3 Billion by 2024

kitchen appliances market share
Press Release

According to the latest report by IMARC Group titled, “Kitchen Appliances Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2019-2024”, the global kitchen appliances market to reach a value of US$ 322.3 Billion by 2024, registering a CAGR of around 5% during 2019-2024.

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Kitchen appliances comprise refrigerators, food processors, blenders and dishwashers, which are employed in the smooth functioning of kitchen activities. They are mainly operated by electricity or gas and are used for cooking, storing and cleaning purposes. Kitchen appliances are available in a wide range of colors, sizes, mechanisms and materials that help users in saving time, cost and energy while cooking.

The inflating income levels and changing lifestyles of people have resulted in the increasing adoption of smart kitchen appliances across the globe. Apart from this, manufacturers are incorporating wireless, internet or Bluetooth technologies in various products, which is impelling the market growth. They are also introducing modular and energy-efficient kitchen equipment such as induction cooktops, speed cooking ovens and warming drawers. Furthermore, altering eating patterns and increasing health consciousness among the young population is catalyzing the demand for homecooked food. This is consequently boosting the overall sales of kitchen appliances in the residential sector.

Explore full report with table of contents:

Key Market Segmentation:

Breakup by Product Type

1. Refrigerators

2. Microwave Owens

3. Induction Stoves

4. Dishwasher

5. Water Purifiers

6. Others

Breakup by Structure

1. Built-In

2. Free Stand

Breakup by Fuel Type

1. Cooking Gas

2. Electricity

3. Others

Breakup by Application

1. Residential

2. Commercial

Breakup by Distribution Channel

1. Supermarkets and Hypermarkets

2. Specialty Stores

3. Online Stores

4. Departmental Stores

5. Others

Breakup by Region

1. Asia Pacific

2. North America

3. Europe

4. Middle East and Africa

5. Latin America

Competitive Landscape

The report has also analyzed the competitive landscape of the market with some of the key players being Whirlpool Corporation, AB Electrolux, Samsung Electronics Co. Ltd., LG Electronics, Winia Daewoo Electronics, Panasonic Corporation, Haier Group Corporation, BSH Hausgeräte GmbH, Miele & Cie. KG, and Sub- Zero Group, Inc.

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IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

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This post was originally published on Trading Herald

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IMARC is a leading market research company that provides market and business research intelligence across the globe. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

We make an effort to fulfill specific and niche requirements of the industry while balancing the quantum of quality with stipulated time and trace major trends at both the domestic and global levels. The information products and services provided by IMARC cover major technological, scientific and economic developments in industrial, pharmaceutical and high technology organizations.