At a CAGR of 3.3%, Kitchen Appliances Market Size to Exceed USD 230.49 Billion by 2030 | Emerging research

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Rapid advancements and innovation in kitchen appliance technologies and growing health concerns due to the COVID-19 pandemic are key factors

VANCOUVER, BRITISH COLUMBIA, CANADA, Nov. 8, 2022 /EINPresswire.com/ — The global kitchen appliances market size was USD 171.68 billion in 2021 and is expected to register a CAGR of 3.3% during the forecast period, according to the latest analysis by Emergen Research. Kitchen appliances are tools and technologies that make kitchen operations more efficient. They are generally used in the kitchen for cooking, storing food and cleaning. They run on either gas or electricity. Kitchen appliances, which include items such as ovens, refrigerators, stoves, blenders and dishwashers that allow the user to cook more efficiently and save time, money and energy, are available in a wide variety of colors, materials, styles, sizes and mechanisms. . Technological advancements in kitchen appliances and the launch of innovative products are factors that are expected to support the market revenue growth between 2022 and 2030. For example, dishwashers are currently being manufactured with more innovative designs, run quieter , use less electricity and clean more thoroughly.

The US Department of Energy (DoE) claims that modern dishwashers conserve water and energy by using less water to wash a load of dishes than hand washing. Additionally, for even more thorough cleaning, these machines can produce water at much higher temperatures than can be safely exposed to the skin. Dishwashers are now more familiar to customers due to the pandemic. For example, Godrej & Boyce introduced the Godrej Eon Magnus countertop dishwasher to handle the dishwashing needs of small families. The Godrej Eon Magnus countertop dishwasher is a small model with 8 place settings that can easily wash all typical dishes for two to three person homes.

However, the high cost of smart kitchen appliances and outdated and insecure technology that makes it easier for hackers to access the connected system are factors that are expected to hamper the market revenue growth.

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Kitchen appliances are tools and equipment used to complete tasks in the kitchen quickly and efficiently. They generally perform cooking, storage and cleaning tasks in the kitchen and run on gas or electricity. Kitchen equipment includes items such as ovens, refrigerators, stoves, blenders, and dishwashers that help the user save time, money, and energy while cooking. Kitchen appliances come in a wide variety of colors, materials, styles, sizes, and mechanisms.

Growing acceptance of kitchen appliances in different parts of the world is one of the major factors fueling the expansion of the market. Rapid urbanization has increased the need for technologically innovative and contemporary appliances that improve the efficiency and convenience of food preparation and storage. Additionally, kitchen appliances that can be connected wirelessly, tethered or controlled remotely through a smartphone are rapidly increasing their market share. In addition, growing health awareness, especially among young people, has encouraged consumers to adopt healthy cooking and eating practices. As a result, the demand for equipment that allows oil-free cooking and the preservation of certain heat-sensitive nutrients has increased.

Overview of Kitchen Appliances Market Report:

Introduction, Product Scope, Market Overview and Opportunities

Manufacturers Analysis with Sales, Revenue and Price Analysis

Complete analysis of the competitive landscape

Detailed profiling of key competitors along with their business strategies and market size

Regional analysis of the market along with sales, revenue, market share and global position

Country-wise analysis of the market along with types, applications, and manufacturing

Strategic recommendations to established players as well as new entrants

In-depth analysis of Kitchen Appliance industry risks, restraints and limitations

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A significant growth driver for the market is the rising popularity of reality competition programs such as Top Chef, MasterChef, Hell’s Kitchen, Iron Chef, and Chopped which have revitalized the cooking industry. Moreover, cooking has gained popularity as a profession, which is expected to increase the demand for kitchen appliances. Kitchen appliance manufacturers are always coming up with new ideas and integrating IoT. Companies are working hard to promote sustainability and reduce energy consumption.

Emergen Research has segmented the global kitchen appliances market on the basis of product type, fuel type, distribution channel, and application:

Product Type Outlook (Revenue, USD Billion; 2019-2030)

Cooking appliances

Fridge

Mixers and grinders

water purifier

Dishwasher

Oven

Others

Fuel Type Outlook (Revenue, USD Billion; 2019-2030)

Electricity

cooking gas

Kerosene

Others

Distribution Channel Outlook (Revenue, USD Billion; 2019-2030)

Online stores

Offline stores

Application Outlook (Revenue, USD Billion; 2019-2030)

Residential

Commercial

Others

Key Players Featured in the Report:

AB Electrolux, Whirlpool Corporation, LG Electronics, Samsung Electronics, Dacor, Morphy Richards, Koninklijke Philips NV, Panasonic Corporation, Robert Bosch GmbH, Haier Group and General Electric.

Regional segmentation:

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

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Key questions addressed in the report:

What are the key factors driving the global kitchen appliances market?

Who are the major manufacturers in this market space?

Who are the distributors, traders and resellers in this market?

What are the market opportunities and risks affecting vendor performance in the global Kitchen Appliances market?

What are the sales and revenue estimates of the major manufacturers in this market over the forecast period?

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