China Kitchen Appliances Market Size & Share Analysis - Growth Trends & Forecasts (2023 - 2028)

China Kitchen Appliances Market Analysis

The Kitchen Appliances Market in China has performed well and shown improvements in recent years. The increasing urbanization rate in China is one of the drivers for the growing appliance market in China. The urbanization rate in China was 56.1% in 2015 and now it has reached 61% so the Urbanization rate is increasing by 1% every year which is driving demand for household as well as Kitchen appliances.

Compared to developed countries, the penetration rate of household appliances in China is relatively low. Hence, China has great potential in the household appliance market. In the next five years, the household appliance market in China will integrate cloud computing, Big Data, the internet of things, and other cutting-edge technology.

In the past, domestic brands in China’s household appliance market have focused on middle- and low-end markets while high-end markets were dominated by foreign brands. With the development of China’s living standards, domestic demand for high-end products is increasing, which will motivate domestic brands to launch more of these products over the next five years.

The demand for the Kitchen Appliances product is related to the real estate sector. More the number of households translate into more demand for kitchen and other household appliances. Since 2018, the tightening policy of China’s real estate market has significantly affected the performance of the household appliances market in China, including the kitchen appliance sector.

China is the leader in technology adaptation in the appliance product market. kitchen appliance consumers in China are more demanding of quality, appearance, and function. To fulfill their needs, companies in this sector have been dedicated to providing a variety of products with different functions and technology innovation. In terms of product intelligence, value-added functions such as Wi-Fi, intelligent reminder, and remote control are now applied in kitchen appliance products.

China has been on the frontlines both of post-COVID-19 economic recovery, and of the societal changes the pandemic has precipitated. Consumers increased their net purchase intention by the largest degree toward essential, health-oriented products, such as sanitary and health products, fresh food, and life insurance, while expressing negative net purchase intention towards non-necessities such as hair and beauty products, and large home appliances.

China Kitchen Appliances Market Trends

This section covers the major market trends shaping the China Kitchen Appliances Market according to our research experts:

Appliance Penetration Rate In Tier 2 And 3 Cities Will Drive The Demand In Future

China Kitchen Appliances Industry Segmentation

China Kitchen Appliance market denotes the market for the machines or the appliances that are intended to use in the kitchen. China's kitchen appliance market is showing a constant growth rate in recent years. The domestic demand and production for the product have shown a rapid rise, whereas the import of the same has reduced over the years. A complete background analysis of the South Korea Kitchen Appliance Market, which includes an assessment of the economy, market overview, market size estimation for key segments, and emerging trends in the market, market dynamics, and Key competitive profiles are covered in the report. The China Kitchen Appliance Market is segmented by Product, End Users, and Distribution Channel. By product, segmented into Refrigerators and Freezers, Dishwashers, Mixers and Grinders, Microwave Ovens, Grills and Roasters, Water Purifiers, and Other Kitchen Appliances. By End-user, segmented into Residential and commercial. By Distribution channel, segmented into Multi-Brand Stores, Exclusive Stores, Online, and Other Distribution Channels.