Pune, India -- (SBWire) -- 02/19/2020 --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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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.
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), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends and Forecast to 2026
Complete report on Global Kitchen Appliances Market Research Report 2019-2026 spread across 350 Pages, profiling Top companies and supports with tables and figures
Key Questions Answered in Global Kitchen Appliances Market Report:-
Our Report offers:-
What will the market growth rate, Overview and Analysis by Type of Global Kitchen Appliances Market in 2026?
What are the key factors driving, Analysis by Applications and Countries Global Kitchen Appliances Market?
What are Dynamics, This Overview Includes Analysis of Scope, and price analysis of top Vendors Profiles of Global Kitchen Appliances Market?
Who are Opportunities, Risk and Driving Force of Global Kitchen Appliances Market?
Who are the opportunities and threats faced by the vendors in Global Kitchen Appliances Market? Business Overview by Type, Applications, Gross Margin and Market Share
What are the Global Kitchen Appliances Market opportunities, market risk and market overview of the Market?
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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
Top Key Players:
Whirlpool Corporation;
Morphy Richards;
LG Electronics;
Havells India Ltd.;
SAMSUNG;
Electrolux;
Koninklijke Philips N.V.;
Haier lnc.;
Panasonic Corporation;
BSH Home Appliances Group;
Hitachi Appliances, Inc.;
Mabe;
Midea Group
Miele & Cie. KG.
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.
In August 2018, LG Electronics announced the introduction of an extension to its "LG SIGNATURE" brand at the Internationale Funkausstellung Berlin (IFA) 2018 held in Berlin, Germany. The new products included a wine cellar, dryer and a bottom-freezer refrigerator.
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Market Segmentations:
Global Kitchen Appliances Market is segmented on the basis of
Product
End Use Application
Structure
Distribution Channel
Geography
Market Segmentations in Details:
By Product
Ovens
Microwaves
Refrigerators
Stoves
Dishwashers
Water Purifiers
Others
By End-Use Application
Commercial
Household
By Structure
Free-Stand
Built-In
By Distribution Channel
Direct
E-Commerce
By Geography
North America
US.
Canada,
Mexico
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
South America
Brazil
Rest of South America
Middle East & Africa
South Africa
Saudi Arabia
UAE
Rest of MEA
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.
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Kitchen Appliances Market in-Depth Research on Market Dynamics, Applications & Emerging Growth Factors
To have a powerful business growth and success in this swiftly changing marketplace, companies must plump for this Kitchen Appliances market report which benefits them by giving a broad range of information. This market survey provides key information about the industry, including very helpful and important facts and figures, expert opinions, and the latest developments across the globe. This global market report also identifies and analyses emerging trends along with major drivers, challenges and opportunities in industry with analysis on vendors, geographical regions, types, and applications. A comprehensive Kitchen Appliances market report is mainly segmented based on type, application, and region.