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.

Kitchen Appliances Market Share

By Product Insights

Refrigerators are anticipated to grow at a CAGR of 6.3% in the forecast period whereas mixers and grinders are expected to grow at a CAGR of 5.7% in the same period. The increasing demand for advanced refrigeration technologies, such as smart refrigerators with features like humidity control and built-in water filtration systems, is driving the growth of the kitchen appliances industry. Consumers are becoming more health-conscious and prioritise fresh food storage, which has led to innovations in refrigerator designs that enhance food preservation capabilities. For instance, features like multi-gas systems and humidity-controlled drawers are increasingly sought after, reflecting a shift towards appliances that support healthier lifestyles.

Market Share by Country
Brazil 2.6%
USA XX%
Canada XX%
UK XX%

By Fuel Type Insights

Electricity is the major energy source, powering a wide range of devices such as refrigerators, microwaves, dishwashers, and electric stoves. This dominance is due to the versatility and convenience of electric appliances, which are integral to modern kitchens. While cooking gas is commonly used for gas stoves and ovens, its application is more limited compared to electric appliances in kitchen appliances market.

By End Use Insights

The residential sector's demand for kitchen appliances is increasing due to a growing need for modern housing equipped with the latest kitchen technology. Higher disposable incomes enable households to invest in advanced appliances that enhance convenience and efficiency. The popularity of food blogs, cooking shows, and social media has sparked a greater interest in home cooking, driving the kitchen appliances demand in this sector. Integrating smart technologies in kitchen appliances appeals to tech-savvy consumers, offering automated and connected kitchen solutions.

Growing health consciousness in the kitchen appliances market has led to the adoption of appliances like air fryers, blenders, and steamers that promote healthier cooking methods. Busy households value time-saving appliances such as dishwashers, microwaves, and induction cooktops, which simplify cooking and cleaning. The commercial sector is expected to grow at a CAGR of 6.2% in the forecast period.

By Distribution Channels Insights

The convenience of shopping from home at any time is a significant benefit, eliminating the need to travel to physical stores, and increasing the industry revenue. Online platforms typically provide a wider selection of products, including various brands, models, and price ranges, often surpassing the inventory available in physical stores. Individuals can easily compare prices across multiple sellers to find the best deals, and access to customer reviews and ratings aids in making informed decisions.

Home delivery is another major advantage, with many online stores offering free or expedited shipping options, making it easy to receive even large appliances directly at home. Flexible return policies further enhance the appeal of online shopping, allowing consumers to return or exchange products if they are not satisfied. Online retailers frequently offer exclusive sales, discounts, and promotional codes, providing significant savings to attract individuals.

Kitchen Appliances Market Report Snapshots

Kitchen Appliances Market Size

Kitchen Appliances Market Growth

Kitchen Appliances Market Trends

Kitchen Appliances Market Share

Kitchen Appliances Manufacturers

Kitchen Appliances Market Regional Analysis

*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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