Kitchen Appliances Market – Emerging Nations around the World to Offer Lucrative Opportunities

Kitchen appliances are devices or instruments manufactured for easy functioning of kitchen activities. Kitchen appliances are operated with the help of either gas or electricity. Cost-efficient and energy-saving kitchen appliances can gain popularity, due to government initiatives for saving electricity. These appliances are used primarily for cooking, storage, and cleaning functions in kitchens. Kitchen appliances include a variety of products such as cooking appliances, refrigerators, and dishwashers. Kitchen appliances have been categorized into refrigeration appliances (including fridges and fridge freezers); cooking appliances (including microwaves, cookers, cooker hoods, ovens, toasters, and food processors); washing appliances (including clothes dryers, washing machines, and washer dryers); and dishwashers. Kitchen appliances also include minor appliances such as coffee makers and blenders. Although a majority of kitchen appliances are operated with the help of cooking fuel or electricity, solar and renewable energy also plays an important role in their operation.

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The kitchen appliances market is expected to expand at a significant growth rate during the forecast period. The demand for kitchen appliances is driven by increasing household and disposable income of individuals, rising urban population, growing preference for modular kitchens, and expanding middle class in developing countries such as India and China. Technological advancements in appliances have also promoted the growth of the kitchen appliances market. Furthermore, the market is driven by changing lifestyle, rising disposable income, the growing food & services industry, and increasing concerns related to health. Ease of use of service, more convenient and quicker mode of cooking, and less time required for cooking are factors expected to boost the kitchen appliances market during the forecast period. Higher energy consumption is a major restraining factor for the market. Manufacturers are launching various energy-efficient and easy-to-use kitchen appliances to gain a competitive advantage in the market.

The kitchen appliances market can be segmented in terms of type, energy source, end-user application, product structure, and region. Based on type, the market has been segmented into cooking appliances, refrigerators, dishwashers, and others. The refrigerator segment accounts for a major market share of the global kitchen appliances market. Based on energy source, the market has been divided into electricity, gas, and others. The gas segment accounts for a major share of the kitchen appliances market, followed by the electricity segment. In terms of end-user application, the market has been classified into commercial and household. The household segment accounts for the largest market share. Based on product structure, the market has been divided into free-stand appliances and built-in appliances. Due to increase in the disposable income and rise in standards of living, customers are increasingly adopting modular kitchen setups. However, the adoption is less, due to high cost of kitchen appliances. In terms of region, the global kitchen appliances market has been segregated into North America, Europe, Asia Pacific, Middle East & Africa, and South America.

Some of the key players operating in the global kitchen appliances market are Electrolux, Samsung, Whirlpool, Philips, TTK Prestige Ltd, Morphy Richards, Dacor, Inc., BSH Hausgeräte GmbH, GENERAL ELECTRIC, LG Electronics, Haier Inc., Panasonic, Miele & Cie KG, SONY ELECTRONICS, HISENSE, INC., GREE ELECTRIC APPLIANCES, INC., TCL, CHANGHONG Electric, and Skyworth. Key players are adopting product launches and acquisitions as their key growth strategies to meet customer requirements and expand their customer base. Furthermore, companies operating in the market are periodically launching exciting offers to promote their products and attract consumers.

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Pragati Pathrotkar

As one of the lead news writers on cmfenews, Pragati’s specialization lies in the science and technology domains. Her passion for the latest developments in cloud technology, connected devices, nanotechnology, and virtual reality, among others, shines through in the most recent industry coverage he provides. Pragati’s take on the impact of digital technologies across the science, technology, and business domains gives her writing a fresh and modern outlook.

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