Kitchen Appliances Market
Set to Exceed Worth $340.9 Billion By 2026
Forecast to 2020
Kitchen Application Market Size To Reach $349.0 Billion By 2026
Kitchen Appliances Market [By Product (Cooking Appliances, Dishwasher,
Refrigerator, Others); By Fuel Type (Cooking Gas, Electricity, Others); By End-User
(Residential, Commercial); By Distribution Channel (Offline, Online); By Structure
(Built-in, Free Stand); By Region]: Market size & Forecast, 2017 – 2026
According to a new report published by Polaris Market Research the worldwide kitchen appliances
market is anticipated to reach USD 340.9 billion by 2026. In 2017, the refrigerator segment dominated the
global market, in terms of revenue. North America is expected to be the leading contributor to the global
market revenue during the forecast period.
The changing lifestyles and hectic schedules of the working professionals lead to growing demand for
kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate faster
cooking. Rising disposable income is one of the factors responsible for the growth of the market. Increasing
propensity of consumers to spend on appliances to lead convenient lives has also resulted in an increased
demand for kitchen appliances.
The other factors responsible for the growth of the market are convenience in fast cooking and healthy
food consumption. Players in the market are launching cooking appliances which enable faster cooking
while keeping the nutrients of food intact. Introduction of energy efficient cooking appliances equipped with
multiple cooking functionalities are available in the market to cater to the consumers in the market.
Moreover, the increasing trend of smart appliances would also encourage manufacturers to launch
innovative kitchen appliances, which are compact and easy-to-use.
Browse Detailed Research Report on Kitchen Appliances Market :
https://www.polarismarketresearch.com/industry-analysis/kitchen-appliances-market
There has been a considerable increase in middle class and young working population across the globe.
Rising female working population and busy schedules of people have led to an increasing demand of
kitchen appliances. Increase in the number of social gatherings coupled with growing need for quick and
efficient kitchen activities has boosted the market. Growing purchasing power of individuals has led to
increased spending on consumer goods. Rising disposable income enables consumers to purchase
multipurpose and easy-to-operate kitchen appliances to simplify and ease their kitchen activities.
Consumers generally opt for stylish and technologically advanced kitchen appliances, which complement
their living standards. Market players are introducing new products equipped with advanced features at
affordable prices to cater to the growing consumer demands.
North America generated the highest revenue in the market in 2017, and is expected to lead the global
market throughout the forecast period. The high living standards along with high disposable income in the
region encourage consumers to purchase kitchen appliances to simplify kitchen activities. The growing
adoption of smart technologies and home automation systems is further expected to augment market
growth in the region. Asia-Pacific is expected to grow at a significant rate during the forecast period owing
to the increasing population and improving living standards.
The different types of kitchen appliances include cooking appliances, refrigerators, dishwaters, and others.
In 2017, refrigerators accounted for the highest market share owing to increasing need to conserve edible
items at a range of different temperatures. Consumers prefer to use energy efficient refrigerators owing to
growing environmental concerns. Introduction of advanced refrigerators equipped with smart technologies
is expected to drive the market in the future.
The various end-users of kitchen appliances include residential and commercial users. In 2017, residential
users accounted for the largest share in the global market, and are estimated to grow at a substantial rate
during the forecast period. Residential consumers are increasingly spending on kitchen appliances to
simplify kitchen chores and lead comfortable lives. Household consumers are opting for kitchen
appliances, which are energy efficient and have minimal space requirements. In addition, improvement in
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Kitchen Application Market Size To Reach $349.0 Billion By 2026
living standards has encouraged consumers to buy technology-driven and luxury kitchen appliances.
Integration of technologies such as Internet of Things and smart technologies into kitchen appliances is
expected to provide growth opportunities in the coming years.
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The well-known companies profiled in the report include Whirlpool Corporation, Robert Bosch GmbH, LG
Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics,
Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with
other market leaders to innovate and launch new products to meet the increasing needs and requirements
of consumers.
Table of Contents
1. Overview and Scope
1. Research goal & scope
2. Research assumptions
3. Research Methodology
1. Primary data sources
2. Secondary data sources
4. Key take-away
5. Stakeholders
2. Executive Summary
1. Market Definition
2. Market Segmentation
3. Kitchen Appliances Market Insights
1. Kitchen Appliances – Industry snapshot
2. Kitchen Appliances - Ecosystem analysis
3. Kitchen Appliances Market Dynamics
1. Kitchen Appliances – Market Forces
1. Kitchen Appliances Market Driver Analysis
2. Kitchen Appliances Market Restraint/Challenges analysis
3. Kitchen Appliances Market Opportunity Analysis
2. Industry analysis - Porter's five force
1. Bargaining power of supplier
2. Bargaining power of buyer
3. Threat of substitute
4. Threat of new entrant
5. Degree of competition
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Kitchen Application Market Size To Reach $349.0 Billion By 2026
3. Kitchen Appliances Market PEST Analysis, 2017
4. Kitchen Appliances Market Value Chain Analysis
5. Kitchen Appliances Industry Trends
6. Competitive Ranking Analysis
Access Press Release on Kitchen Appliances Market:
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4. Kitchen Appliances Market Size and Forecast, 2017-2026 by Product
1. Key Findings
2. Cooking Appliances
3. Refrigerator
4. Dishwasher
5. Others
5. Kitchen Appliances Market Size and Forecast, 2017-2026 by Fuel Type
1. Key Findings
2. Cooking Gas
3. Electricity
4. Others
6. Kitchen Appliances Market Size and Forecast, 2017-2026 by End-Users
1. Key Findings
2. Residential
3. Commercial
7. Kitchen Appliances Market Size and Forecast, 2017-2026 by Distribution Channel
1. Key Findings
2. Offline Stores
3. Online Platforms
8. Kitchen Appliances Market Size and Forecast, 2017-2026 by Structure
1. Key Findings
2. Free Stand
3. Built-in
9. Kitchen Appliances Market Size and Forecast, 2017-2026 by Region
1. Key Findings
2. North America
1. U.S.
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Kitchen Application Market Size To Reach $349.0 Billion By 2026
2. Canada
3. Mexico
3. Europe
1. Germany
2. UK
3. France
4. Italy
5. Rest of Europe
4. Asia-Pacific
1. China
2. India
3. Japan
4. Rest of Asia-Pacific
5. Latin America
1. Brazil
6. Middle East & Africa
10. Company Profiles
1. Whirlpool Corporation
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
2. Robert Bosch GmbH
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
3. LG Electronics
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
4. AB Electrolux
1. Overview
2. Financials
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Kitchen Application Market Size To Reach $349.0 Billion By 2026
3. Product Benchmarking
4. Recent Developments
5. Haier Group Corporation
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
6. Panasonic Corporation
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
7. Samsung Electronics
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
8. Morphy Richards Limited
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
9. Koninklijke Philips N.V.
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
10. Sharp Corporation
1. Overview
2. Financials
3. Product Benchmarking
4. Recent Developments
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Kitchen Application Market Size To Reach $349.0 Billion By 2026
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