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Report Overview
The global kitchen appliances market reached approximately USD 221.8 billion in 2023. The market is assessed to grow at a CAGR of 4.6% between 2024 and 2032 to attain a value of around USD 362.1 billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- As per the U.S. Census Bureau, U.S. retail and food services monthly sales increased to USD 705.2 billion in April 2024.
- According to the ABS, in Australia, household goods retailing rose by 0.7% (USD 37.7m) in April 2024.
- India’s domestic production of electronic systems has increased to USD 101 billion in FY23, which also contributes to the share of modern kitchen appliances.
Competitive Landscape
Prominent corporations are allocating resources towards research and development with the aim of launching innovative kitchen appliances. These appliances encompass the incorporation of intelligent technologies and enhancements in energy efficiency. Manufacturers in kitchen appliances market are integrating advanced technologies such as the Internet of Things (IoT) and Artificial Intelligence (AI) into appliances, enabling features like remote control, voice activation, and personalised settings.
Key Industry Players
LG Electronics Inc.: Founded in 1947, with its headquarters in South Korea, products encompass televisions, home theatre systems, refrigerators, washing machines, monitors, wearable devices, solar modules, and smart appliances.
Haier Inc.: Founded in 1984, with its headquarters in China, the company engages in manufacturing, marketing, and selling diverse home appliances and consumer electronics products.
Samsung Electronics Co., Ltd.: Founded in 1969, with its headquarters in South Korea, specialises in manufacturing consumer electronics, appliances, digital media devices, semiconductors, memory chips, and integrated systems across various industries.
Whirlpool Corporation: Founded in 1911, with its headquarters in the United States, is a top kitchen and laundry appliance company dedicated to enhancing home life and inspiring generations through our brands.
Other global kitchen appliances market key players are BSH Hausgeräte GmbH, Panasonic Corporation, AB Electrolux, Fisher & Paykel Appliances Ltd., SMEG S.p.A., and Miele & Cie. KG, among others.
Kitchen Appliances Market Report Snapshots
Kitchen Appliances Market Size
Kitchen Appliances Market Growth
Kitchen Appliances Market Trends
Kitchen Appliances Market Share
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The kitchen appliances market is projected to grow at a CAGR of 4.6% between 2024 and 2032.
The major market drivers are the growing advancements in technology and rising disposable incomes.
The key trends in the market for kitchen appliances include the increasing launch of innovative products, busy lifestyles led by working people worldwide, and demand from commercial kitchens.
The various fuel types in the market for kitchen appliances include cooking gas, and electricity, among others.
The various product types in the market for kitchen appliances include dishwashers, microwave ovens, refrigerators, mixers and grinders, and food processors, among others.
The market key players are LG Electronics Inc., Haier Inc., Samsung Electronics Co., Ltd., Whirlpool Corporation, BSH Hausgeräte GmbH, Panasonic Corporation, AB Electrolux, Fisher & Paykel Appliances Ltd., SMEG S.p.A., and Miele & Cie. KG, among others.
A good-quality kitchen appliance requires less maintenance, works better, and lasts longer.
In 2023, the global market attained a value of nearly USD 221.8 billion.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach about USD 362.1 billion by 2032.
The market is categorised according to the distribution channels, which include online stores and offline stores.
Based on the end use, the market is divided into residential and commercial.
The market is broken down into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa.
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