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Report Overview
The global kitchen appliances market was valued at USD 232.00 Billion in 2024. The industry is expected to grow at a CAGR of 4.60% during the forecast period of 2025-2034. The gradual adoption of urbanization with increasing disposable incomes have mainly driven the market globally as most consumers are migrating to cities, where compact cooking measures for busy lifestyles are in high demand. Advanced kitchen appliances like multi-cookers, dishwashers, and smart refrigerators occupy less space and help consumers prepare meals fast. In turn, all these factors have resulted in the market attaining a valuation of USD 363.75 Billion by 2034.
2024
Base Year
2018-2024
Historical Year
2025-2034
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. This figure is indicative of consumers increasingly spending budgets on kitchen appliances such as blenders, refrigerators, and cooking gadgets. Companies can take advantage of this trend through innovative and high-quality appliances by targeting both traditional retail channels and the growing e-commerce platforms.
- According to the ABS, in Australia, household goods retailing rose by 0.7% (USD 37.7m) in April 2024. Companies can capitalize on this trend by developing innovative, multi-featured kitchen appliances to boost further opportunities for growth.
- 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. Therefore, as consumers upgrade their homes or renovate their kitchens, companies can broaden their ranges further to include smart appliances and modular kitchen systems.
Kitchen Appliances Market Growth
Smart kitchen appliances are transforming the global market consumers are increasingly preferring devices that are always connected at home, making everyday life easier, more efficient, and automated. With improvements in technology, in terms of voice-activated gadgets and IoT-integrated appliances along with rising Wi-Fi usage, consumers are now capable of monitoring or controlling their smart refrigerators, ovens, or dishwashers with little effort. Furthermore, these smart appliances are energy efficient, and they help speed up the cooking process. AI-powered smart appliances that come equipped with recipe suggestions and automatic temperature adjustments are also taking shape in the market, especially in tech-savvy countries such as North America and Europe. Additionally, connected appliances can reduce maintenance expenses.
Energy-efficient and sustainable appliances are another niche that is propelling the growth of the kitchen appliances market. The market is experiencing an increasing number of consumers and businesses rapidly inclined toward energy-efficient and eco-friendly appliances. This is because of the increased global consciousness regarding the environment and rising costs of energy. This has led to a growing preference for energy-saving appliances such as low-powered refrigerators, induction cooktops, and water-saving dishwashers. Brands are now introducing sustainable cooking solutions that reduce waste and come with better life spans. For example, new dishwashers come with sensors and adjust water based on load. Now, this trend has been common among the developed markets wherein eco-conscious consumers are willing to pay premium amounts to obtain energy-efficient appliances in order to shore up their carbon footprints and lower their utility bills.
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 assessed to grow at a CAGR of 4.60% between 2025 and 2034.
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 2024, the market reached an approximate value of USD 232.00 Billion.
The market is estimated to witness healthy growth in the forecast period of 2025-2034 to reach a value of around USD 363.75 Billion by 2034.
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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