Global Kitchen Appliances Market – Industry Trends and Forecast to 2030

Kitchen Appliances Market Analysis and Size

The rising popularity of reality shows such as Top Chef, MasterChef, Hell's Kitchen, Iron Chef, and Chopped, which have revitalised the cooking arena, is a key growth driver for the market. Furthermore, cooking has become a popular career choice, which is expected to boost demand for kitchen appliances. Kitchen appliance manufacturers constantly develop, innovate, and integrate IoT with kitchen appliances. Companies are focusing on reducing energy consumption and promoting sustainability.

Data Bridge Market Research analyses that the global kitchen appliances market which was USD 185.60 billion in 2022, is expected to reach USD 241.45 billion by 2030, and is expected to undergo a CAGR of 3.8% during the forecast period of 2023 to 2030. The bio based segment is expected to dominate the market globally due to the abundant availability of raw materials and ease of production. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour.

Kitchen Appliances Market Scope and Segmentation

Market Definition

Kitchen appliances are devices and instruments used to perform kitchen tasks more efficiently. They run on either electricity or gas and are primarily used in the kitchen for cooking, storage, and cleaning. Kitchen appliances come in a wide range of colours, materials, styles, sizes, and mechanisms, and include devices like ovens, refrigerators, stoves, blenders, and dishwashers that help the user save time, money, and energy while cooking.

Global Kitchen Appliances Market Dynamics

Drivers

• Rising Urbanization and Household Formation

The global trend of urbanization and increasing household formation rates, particularly in emerging markets, have contributed to the growth of the kitchen appliances market. As more people move to urban areas and establish their households, the demand for kitchen appliances, including refrigerators, cooking ranges, and small appliances, continues to rise.

•  The Rapid Advancements in Products to Provide Convenience and Are Safe for Environment

The introduction of novel shapes and sizes and new features for improved usability are expected to boost the market. The growing number of hotels and restaurants and government and association regulations governing cleanliness and hygiene are major factors driving the kitchen appliances market. Consumers' growing preference for e-commerce fuels the growth of the kitchen appliances. The growing desire to improve the visual appearance of various food dishes is also expected to drive market demand in the coming years. In addition, the introduction of modular and energy-efficient kitchen equipment, such as induction cooktops, speed cooking ovens, and warming drawers, is fuelling market growth.

Opportunities

• Growing Smart and Connected Appliances Around the Globe

The growing demand for smart home technologies presents a significant opportunity in the kitchen appliances market. Connected appliances that can be controlled and monitored remotely through smartphones or voice assistants are gaining popularity. Integrating features like Wi-Fi connectivity, voice control, and smart home ecosystems into kitchen appliances offers convenience and customization for consumers.

•  Demand for Energy-Efficient and Sustainable Kitchen Appliances

With increasing environmental awareness, there is a growing demand for energy-efficient and sustainable kitchen appliances. Developing appliances that consume less energy, use eco-friendly materials, and reduce water consumption can attract environmentally conscious consumers. Promoting energy-saving features and obtaining eco-certifications can help companies tap into this opportunity

Restraints/Challenges

• Rise in Price Sensitivity

Price sensitivity among consumers is a significant restraint in the kitchen appliances market. Many consumers are price-conscious and tend to compare prices across brands and products. This can lead to intense price competition and put pressure on profit margins for manufacturers and retailers. Companies need to strike a balance between offering competitive prices and maintaining product quality and profitability.

• Limited Replacement Cycles

Kitchen appliances typically have longer replacement cycles compared to other consumer goods. Products like refrigerators, dishwashers, and cooking ranges often have a lifespan of 10-15 years or more. This can result in longer purchase cycles and slower growth for manufacturers unless consumers actively seek replacements due to breakdowns or major lifestyle changes.

Recent Developments

• In August 2021, Samsung launched Smart Induction in Built-in Cooktop with Wi-Fi, which will help to cook meals faster while reducing energy and emissions
• In August 2018, Electrolux announced to collaborate kitchen products with Google by incorporating Google Assistant. This development is projected to allow the users to control kitchen appliances using voice commands

Global Kitchen Appliances Market Scope

The global kitchen appliances market is segmented on the basis of product type, user application, fuel type, product structure, distribution channel. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product Type

1. Refrigerator
2. Cooking appliance
3. Dishwasher
4. Others

User Application

1.  Commercial
2. Household

Fuel Type

1. Electric
2. Cooking Gas
3. Others

Product Structure

1. Built-in
2. Free stand

Fuel Type

1. Offline
2. Online

Global Kitchen Appliances Market Regional Analysis/Insights

The global kitchen appliances market is analysed and market size insights and trends are provided by product type, user application, fuel type, product structure and distribution channel as referenced above.

The countries covered in the Global Kitchen Appliances Market report are U.S., Canada, Mexico, Germany, U.K., Italy, France, Spain, Russia, Turkey, Switzerland, Belgium, Netherlands, rest of Europe, Japan, China, South Korea, India, Australia and New Zealand, Singapore, Thailand, Indonesia, Malaysia, Philippines, rest of Asia-Pacific, Brazil, Argentina, rest of South America, South Africa, Egypt, Saudi Arabia, United Arab Emirates, Israel and rest of Middle East and Africa.

North America is expected to dominate due to the consumer purchasing power is expected to increase the growth of the North American market in the coming years

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of North America brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Global Kitchen Appliances Market Share Analysis

The global kitchen appliances market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, North America presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to nucleating and clarifying agents market.

Some of the major players operating in the global kitchen appliances market are:

• Friedr. Dick GmbH & Co (Germany)
• GLOBAL APPLIANCES USA (U.S.)
• KAI USA LTD (U.S.)
•  Kiya corp. (Japan)
•  MAC Knife (U.S.)
• Messermeister (Germany)
• Victorinox AG (Switzerland)
• Anker Innovation Technology Co., Ltd. (China)
•  Samsung Electronics Co., Ltd (South Korea)
•  Shenzhen Proscenic Technology Co. Ltd. (China)
• Neato Robotics, Inc. (U.S.)
• Cecotec Innovaciones S.L. (Spain)
• LG Electronics Inc (South Korea)
•  Dyson Limited (U.K.)
• Panasonic Corporation (Japan)
•  Sharp Corporation (U.S.)

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