Kitchen Appliances Market to Record High Demand by 2016- 2024

Kitchen Appliances Market” is an expert and sharp analyses of the key business and future development prospects, key driving factors and restraints, profile of key market players along with segmentation and forecast. The study offers a comprehensive qualitative on the industry growth parameters, current market status in terms of analyzing key economic situations and macroeconomic analysis.

Scope of the Report:

The key business and future development prospects, key driving factors and restraints, profile of key market players along with segmentation and forecast. The study offers a comprehensive qualitative on the industry growth parameters, current market status in terms of analyzing key economic situations and macroeconomic analysis.

Kitchen appliances are machines which are used to preparing food in efficient and convenient manner. Some of the examples of domestic kitchen appliances are blenders, microwave ovens, fridges, countertop stoves, dishwashers, food processors, ice cream makers, espresso machines, electric mixers, grills, coffee makers, electric toasters, waffle makers and gas stoves. In the current scenario, modern kitchen appliances provide better control on complicated and time-consuming kitchen tasks. In order to make food more delicious, the dependence of homemakers has inclined more towards advanced kitchen appliances. Introduction of innovative products such as combination convection ovens, induction hobs with preset cooking zones and refrigerators with advanced refrigeration technology can boost the global domestic kitchen appliances market.

Market Dynamics

Constantly increasing disposable income, rising health concerns and technological advancements are some major factors which are driving the kitchen appliance market growth. Moreover, growing working class population paired with increasing consumption of fast food have led to the growing health concerns among customers. Additionally, consumers are opting for kitchen appliances with latest and advanced features so as to have easy and fast cooking. In addition to this, appliances with advanced technology complements the rising living standards of consumers, thus offering a sophisticated appearance to their kitchen environment. However, high energy consumption and emission of CFCs from refrigerating units can restrain the market growth. On the other hand, increasing adoption of smart kitchen appliances equipped with sensors can act as a future opportunity to the market growth, especially in the developed regions.

Market Segmentation

The segmentation of the global kitchen appliances market is done on the basis of type, user application, fuel type, product structure and geography. By type, the market is segmented into refrigerator, cooking appliances, dishwasher, and others. By user application, the market is categorized as commercial and household. By fuel type, the market is segmented as electricity, cooling gas and others. Geographically, the market is bifurcated as North America, Europe, Asia-Pacific and Rest of World. Refrigerators held the largest market share of nearly 43% of the overall kitchen appliances market in 2016. This is because of the ability of refrigerators to preserve the freshness of the stored food and prevent them from decaying and hence, they have become an integral part of the household.

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On the basis of geography, Asia-Pacific region is expected to grow at the highest CAGR of 7% during the forecast period owing to rising industrialization and disposable income in the region. Moreover, the commercial usage is also increasing, primarily, due to the increasing trend in food services establishment and changing food consumption patterns of the consumers.

 

Some major market players are Philips N.V., Panasonic, Whirlpool Corp, Electrolux, Bosch, Bosch, Life is Good (LG), Samsung, Morphy Richards, and Dacor, Inc.

KITCHEN APPLIANCES MARKET SEGMENTATION

By Type

·         Refrigerator

·         Cooking appliances

·         Dishwasher

·         Others

 

By User Application

·         User application

·         Commercial

·         Household

 

By Fuel Type

·         Fuel type

·         Electricity

·         Cooking gas

·         Others

 

By Product Structure

·         Built-in

·         Free stand

 

By geography

·         North America

·         Europe

·         APAC

·         ROW

 

Key Market Players

 

·         Philips N.V.

·         Panasonic

·         Whirlpool Cor

·         Electrolux

·         Robert Bosch GmbH

·         Life is Good (LG) Electronics

·         Samsung Group

·         Morphy Richards

·         Dacor, Inc.

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Some Points from Table of Contents:

CHAPTER1. INTRODUCTION

1.1. RESEARCH METHODOLOGY

1.1.1. ERC desk research

1.1.2. ERC data synthesis

1.1.3. Data validation and market feedback

1.1.4. ERC data sources

1.2. RESEARCH SCOPE

CHAPTER2. MARKET OVERVIEW

2.1. RESEARCH SUMMARY

2.2. VALUE CHAIN ANALYSIS

2.3. FIVE FORCES ANALYSIS

2.4. MARKET PLAYER POSITIONING

2.5. DEMAND FORECAST

2.6. BUSINESS INTELLIGENCE & STRATEGIC ANALYSIS

2.7. MARKET DETERMINANTS

CHAPTER3. GLOBAL KITCHEN APPLIANCES MARKET BY TYPE

3.1. SEGMENT OUTLINE

3.2. GLOBAL KITCHEN APPLIANCES MARKET REVENUE BY TYPE,2016-2024

3.3. REFRIGERATOR

3.3.1. Trend analysis

3.3.2. Market growth indicators

3.3.3. Global refrigerator kitchen appliance market revenue by region,2016-2024

3.4. COOKING APPLIANCES

3.4.1. Trend analysis

CHAPTER4. GLOBAL KITCHEN APPLIANCES MARKET BY USER APPLICATION

4.1. SEGMENT OUTLINE

4.2. GLOBAL KITCHEN APPLIANCES MARKET REVENUE BY USER APPLICATION,2016-2024

4.3. COMMERCIAL

4.3.1. Trend analysis

4.3.2. Market growth indicators

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