Global Kitchen Appliances Market By Product (Ovens, Microwaves, Refrigerators, Stoves, Dishwashers, Water Purifiers, Others), End-Use Application (Commercial, Household), Structure (Free-Stand, Built-In), Distribution Channel (Direct, E-Commerce)
Market Analysis: Global Kitchen Appliances Market
Global Kitchen Appliances Market is expected to rise from its initial estimated value of USD 172.97 billion in 2018 to an estimated value of USD 296.74 billion by 2026, registering a CAGR of 6.98% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased levels of innovations and technological advancements activities adopted by the players in the market.
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Competitive Analysis: Global Kitchen Appliances Market
Global kitchen appliances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of kitchen appliances market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
Market Definition: Global Kitchen Appliances Market
Kitchen appliances can be defined as the electrical devices and equipments that promote the ease of use and life in cooking and associated activities in the kitchen. These devices are set for a particular way of usage according to their purpose and characteristics. These appliances majorly consist of small appliances barring some of the major appliances such as refrigerators, stoves, etc.
Market Drivers:
• Increasing levels of disposable income which has enabled a number of consumers to purchase the advanced and innovative products being presented by the manufacturers
Market Restraints:
• Cost of operation, maintenance and environmental impact associated with the working of these appliances
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Segmentation: Global Kitchen Appliances Market
• By Product
o Ovens
o Microwaves
o Refrigerators
o Stoves
o Dishwashers
o Water Purifiers
o Others
o Kettles
o Coffee Machines
o Toasters
o Blenders
o Others
• By End-Use Application
o Commercial
o Household
• By Structure
o Free-Stand
o Built-In
• By Distribution Channel
o Direct
o E-Commerce
Key Developments in the Market:
In February 2019, Electrolux announced the launch of new appliances for home and kitchen in the North America region at the 2019 “Kitchen and Bath Industry Show (KBIS)” in Las Vegas, United States. The products launched under the Frigidaire brand included an oven with air fry technology, as well as customizable refrigerator drawer with the capability of being converted into a freezer; along with the introduction of climate-controlled wine cellars from its Vintec brand.
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