Kitchen Appliances Market Size
| Study Period | 2019 - 2028 |
| Base Year For Estimation | 2021 |
| Forecast Data Period | 2024 - 2028 |
| CAGR | > 5.20 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Kitchen Appliances Market Analysis
The increasing purchasing power parity of across the majority regions is allowing customers to spend more on the products that ease their daily household chores. The majority of kitchen appliances help the customers in reducing the time they need to spend on certain tasks and helps in bringing perfection in the job they do, thus offering consumers a hassle-free life. The kitchen appliances market is highly driven by product innovation and the technological upgradations that are coming in the industry. With the increasing customer's interest in Smart Homes, the demand for Smart appliances is increasing rapidly across the globe. The demand for connected appliances is continuing to gain more popularity, especially in major appliances, such as refrigerators and dishwashers, etc. Most of the appliances manufacturers are offering smart and connected refrigerators to attract customers. For instance, During the first quarter of 2019, Samsung launched 'Family Hub refrigerator,' which has more advanced features that automate meal planning and other daily tasks and deliver a more personalized experience. Family Hub™ lets the owner manage their family's calendars, play music, share pictures with the smart view, and monitor and control over 1,000 SmartThings-compatible products throughout the home. Whirlpool launched its new refrigerator series Whirlpool Pro double door refrigerator alpha steel that uses 6th sense intellifresh cooling technology and comes in aqua steel color with a Storage Capacity of 445 liters. Along with the above-mentioned characteristics, consumers are also looking for attractive designs and can bring more aesthetics to their homes.
Kitchen Appliances Market Trends
This section covers the major market trends shaping the Kitchen Appliances Market according to our research experts:
Residential Segment Occupies a Major Share of the Market
Kitchen appliances are broadly used in residential kitchens and in the commercial segments of the market such as in hotels, restaurants, the cafeteria of office/educational institutions as they help in cooking, and in preserving the food or food materials. The residential segment constitutes a higher share in the end-user segment of the kitchen appliances market owing to the rise in the demand among the households. Customers changing lifestyles coupled with increasing disposable income is helping the market to grow and improving technology is driving the customers to replace them at regular intervals of time thus increasing the sales volume.
North America Region is Occupying a Major Share of the Market
North American region occupied a major share of the market for the year 2019. Rising purchasing power parity coupled with the growing number of households are driving the market for appliances in the region. Home renovations which account for a major share in the United States are driving the overall demand for kitchen appliances. The major markets in the regions namely the United States and Canada are recording high disposable income levels, which is allowing them to spend more on home renovations, new purchase of appliances, etc.,
Kitchen Appliances Industry Overview
The report covers major players operating in the kitchen appliances market. There are several international players that are performing in majority countries and a growing number of smaller players in the regional level, who are offering moderate quality products in an affordable range of prices. Several manufacturers are focusing on ways to grab more customer attention by offering technologically advanced and qualitative products.
Kitchen Appliances Market Leaders
Haier Group Corporation
Samsung Electronics
Whirlpool Corporation
Smeg SpA
LG Electronics
*Disclaimer: Major Players sorted in no particular order
Kitchen Appliances Market Report - Table of Contents
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1. INTRODUCTION
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1.1 Study Assumptions
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1.2 Scope of the Study
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2. RESEARCH METHODOLOGY
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3. EXECUTIVE SUMMARY
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4. MARKET INSIGHTS AND DYNAMICS
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4.1 Market Overview
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4.2 Drivers
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4.3 Restraints
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4.4 Opportunities
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4.5 Value Chain Analysis
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4.6 Porter's Five Forces Analysis
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4.7 Industry Policies and Regulations
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4.8 Impact of COVID-19 on the Market
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4.9 Technological Advancements
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5. MARKET SEGMENTATION
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5.1 By Product
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5.1.1 Refrigerators and Freezers
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5.1.2 Dishwashers
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5.1.3 Food Processors
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5.1.4 Mixers and Grinders
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5.1.5 Microwave Ovens
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5.1.6 Grills and Roasters
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5.1.7 Water Purifiers
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5.1.8 Other Kitchen Appliances
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5.2 By Distribution Channel
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5.2.1 Multi-brand Stores
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5.2.2 Exclusive Stores
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5.2.3 Online Stores
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5.2.4 Other Distribution Channels
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5.3 By End-User
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5.3.1 Residential
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5.3.2 Commercial
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5.4 By Geography
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5.4.1 North America
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5.4.2 Europe
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5.4.3 Asia-pacific
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5.4.4 Latin America
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5.4.5 Middle East & Africa
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6. COMPETITIVE LANDSCAPE
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6.1 MARKET CONCENTRATION OVERVIEW
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6.2 COMPANY PROFILES
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6.2.1 Haier Group Corporation
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6.2.2 Whirlpool Corporation
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6.2.3 LG Electronics
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6.2.4 Samsung Electronics
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6.2.5 Electrolux AB
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6.2.6 Miele
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6.2.7 Morphy Richards
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6.2.8 Philips Electronics
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6.2.9 Panasonic Corporation
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6.2.10 Groupe SEB
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6.2.11 Smeg SpA
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6.2.12 Midea Group*
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- *List Not Exhaustive
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7. FUTURE OF THE MARKET
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8. APPENDIX
Kitchen Appliances Industry Segmentation
The report offers a complete background analysis of the kitchen appliances market, including the analysis and forecast of market size, market share, industry trends, growth drivers, and vendors. It also includes insights into the market segmentation, by product, distribution channel, end-user and geography. Additionally, the report features the qualitative and quantitative assessments, by analyzing the data gathered from the industry analysts and market participants across the key points in the industry’s value chain.
| By Product | |
| Refrigerators and Freezers | |
| Dishwashers | |
| Food Processors | |
| Mixers and Grinders | |
| Microwave Ovens | |
| Grills and Roasters | |
| Water Purifiers | |
| Other Kitchen Appliances |
| By Distribution Channel | |
| Multi-brand Stores | |
| Exclusive Stores | |
| Online Stores | |
| Other Distribution Channels |
| By End-User | |
| Residential | |
| Commercial |
| By Geography | |
| North America | |
| Europe | |
| Asia-pacific | |
| Latin America | |
| Middle East & Africa |
Kitchen Appliances Market Research FAQs
What is the current Kitchen Appliances Market size?
The Kitchen Appliances Market is projected to register a CAGR of greater than 5.2% during the forecast period (2023-2028).
Who are the key players in Kitchen Appliances Market?
Haier Group Corporation, Samsung Electronics, Whirlpool Corporation, Smeg SpA and LG Electronics are the major companies operating in the Kitchen Appliances Market.
Which is the fastest growing region in Kitchen Appliances Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2023-2028).
Which region has the biggest share in Kitchen Appliances Market?
In 2023, the North America accounts for the largest market share in the Kitchen Appliances Market.
Kitchen Appliance Industry Report
Statistics for the 2023 Kitchen Appliance market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Kitchen Appliance analysis includes a market forecast outlook to 2028 and historical overview. Get a sample of this industry analysis as a free report PDF download.
