Market Overview and Forecast with Impact of COVID-19 (2022-2027)
Executive Summary The global kitchen appliances market was valued at USD 376.22 billion in 2021. With the advancements in technology, the concept of cooking has changed significantly with a focus on improving the efficiency of cooking and reducing the time spent. cleaning and cooking.
New York, July 6. 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the publication of the report “Global Kitchen Appliances Market (2022 Edition) – Analysis by Product Type, Application, Distribution Channel, Technology, Region, Country: Market Overview and forecasts with impact of COVID-19 (2022-2027)” – https://www.reportlinker.com/p06291001/?utm_source=GNW
Rapid lifestyle changes have increased the demand for kitchen appliances that make life more convenient and comfortable. Home kitchen appliances improve the quality of cooking and make food storage safer. Advanced cooking is becoming increasingly popular, especially in developed economies. To maintain revenue sharing and adapt to changing customer preferences, industry players are investing heavily in research and development for the creation of new products.
Increasing urbanization, population growth, followed by replacement of aging appliances and technological development are factors that are driving the kitchen appliances market.
Refrigerators hold the maximum share of 38% in the kitchen appliance market due to increasing shelf life and maintaining food quality. Additionally, the residential segment accounts for the bulk of the kitchen appliance market as busy lifestyles and high disposable income make people demand appliances that can be used conveniently and efficiently with time savings. and energy.
The demand for kitchen appliances through the online channel is supported by the convenience of placing an order through the Internet, greater discounts than physical stores and easier returns, making Internet retail a popular channel, especially for urban consumers, thereby driving growth. Online purchases.
Additionally, smart kitchen appliances are expected to see double-digit growth due to the growing inclination towards luxury and state-of-the-art appliances.
• The report presents the analysis of the kitchen appliances market for the historical period of 2017-2021 and the forecast period of 2022-2027
• The report analyzes the kitchen appliances market by value (USD billion)
• The report analyzes the Kitchen Appliances Market by Product Type (Refrigerator, Cooking Appliances, Dishwasher, Stove & Ovens, Others)
• The report analyzes the Kitchen Appliances Market by Application (Residential, Commercial)
• The report analyzes the Kitchen Appliances Market by distribution channel (Offline, Online)
• The report analyzes kitchen appliances by technology (smart, conventional)
• The global kitchen appliances market has been analyzed by region (North America, Europe, APAC, LAMEA
• Global kitchen appliances market analyzed by country (USA, Canada, Germany, UK, France, Italy, China, Japan, India, South Korea)
• The key ideas of the report were presented through the frameworks of Porter’s five forces analysis. Additionally, market attractiveness has been presented by region, by product type, by applications, by distribution channel, by technology
• Further, major industry opportunities, trends, drivers and challenges have been analyzed in the report.
• The report tracks competitive developments, strategies, mergers and acquisitions, new product development, and key insights. Companies analyzed in the report include – Haier Smart Home Co., Ltd., LG Corporation, AB Electrolux, Midea Group, The Samsung Group, Groupe SEB, Robert Bosch GmbH, Whirpool Corporation, Miele, Panasonic Corporation
Key target audience
• Kitchen appliance companies
• Government and policy makers
• Regulatory authorities
Read the full report: https://www.reportlinker.com/p06291001/?utm_source=GNW
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