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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 Trends
Major improvements in technology, particularly in terms of smart kitchen appliances, are influencing the kitchen appliances market significantly. High demand is placed on smart ovens, AI refrigerators, and voice-operated coffee makers that are actively used by tech-savvy customers. These appliances can be operated with Wi-Fi, IoT, and energy-saving features. Such appliances are revolutionizing conveniences, cooking experiences, and operational efficiencies. In addition to this, rising consumer demand for more interactive and personalized experiences has led manufacturers to invest more in developing smart appliances with interactivity for integration into home automation systems, enhancing the market in commercial and residential spaces.
Sustainability and energy efficiency are continuing to drive the kitchen appliances market growth, as consumers are getting more interested in using eco-friendly and energy-saving products. The rising concern about climate change is encouraging consumers to turn to appliances that consume less energy and reduce the negative impact on the environment. Examples of such products include energy-efficient dishwashers, induction cooktops, water-saving refrigerators, and so on. These appliances are becoming more common in markets, particularly in developed countries. Manufacturers, therefore, can consider this trend as an opportunity to further plug in sustainable materials and produce long-lasting products. The market has also experienced a clear shift towards creating greener ways of living and energy conservation and a gradual movement towards eco-conscious kitchen appliances, thus extending market reach.
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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