Kitchen Appliances Market size 2019-2023 Industry Growth & Business Statistics Report

The rising concerns pertaining to the environment and optimum energy utilization has boosted the demand for gas appliances, which holds a major share in the kitchen appliances market.

Selbyville, United States - September 12, 2019 /MarketersMedia/ —

As per a report by Global Market Insights, Inc. “the kitchen appliances market share worth USD 179 billion in 2015, is forecast to surpass a revenue of USD 250 billion by 2023.”The technology has embarked its prominent presence in this market. The manufacturers dealing with the kitchen appliances business space are investing heavily in blending technology with these appliances. Not only the big-ticket products such as refrigerators, but also the smaller devices are being worked on to stay in parallel with the hi-tech advancements and the rising demand for convenient and smart products from the consumers.

The race to win this technology embarked era has already been well started by some of the key manufacturers in this kitchen appliances. For instance, a recent announcement by LG regarding its HomeChat Service gained a lot of traction by the media worldwide. This concept is based on linking the indispensable kitchen appliances such as refrigerators and ovens to the smartphones, wherein the latter can be used by the users to send messages to these appliances.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/411

Moreover, another announcement by Samsung on 4th May 2016, made to a big headline and shook the market with a sense of tough competition lying ahead. This was about its new product- ‘Family Hub smart fridge’ which is equipped with all the latest technologies such as camera which enables the fridge to check within itself, touchscreen, games, Wi-Fi, etc. to enhance the user experience. Various other leading players are also participating in this race such as Haier, Electrolux, Philips, Panasonic, etc. Moreover, the increasing market will also hold a wide set of opportunities for the hardware vendors as well as for the startups in this space, provided they are well advanced in terms of technological aspects.

The rising fuel prices is also building high growth opportunities for the kitchen appliances market, owing to the growing demand for induction devices. Both the residential and the commercial sectors contribute significantly towards this market growth. The increasing number of restaurants globally is boosting the commercial applications of the kitchen devices market, which is estimated to witness a CAGR of 4.6% over 2016-2023. Also, the rising demand for automation and replacement of old devices will drive the residential application market share. The kitchen appliances application in residential sector is forecast to surpass USD 150 billion by 2023.

The rising concerns pertaining to the environment and optimum energy utilization has boosted the demand for gas appliances, which holds a major share in the kitchen appliances market. Refrigerators, which are the most common yet vital part of the kitchen also contribute towards a noticeable share of this market. The global refrigerator market is forecast to surpass a revenue of USD 105 billion by 2023.

The improvement in the economy is also boosting the global kitchen appliances market size. The Asia Pacific market is estimated to cross USD 75 billion by 2023, owing to the rise in disposable income and growing population base across this region. India & China are likely to lead the APAC market.

Browse key industry insights spread across 75 pages with 28 market data tables & 27 figures & charts from the report, “Kitchen Appliances Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/kitchen-appliances-market-report

The manufacturers are expanding their reach by tying up with various distributing channels such as retail stores, third party suppliers, etc. In this respect, e-commerce has also come up as a significant distributing channel due to the competitive pricing of these products as well as the convenience offered by these portals like home delivery, easy return policy, etc. The kitchen appliances though is not yet completely transformed by the IoT revolution, but is surely to see some smart developments in the near future.

Major Key Points from Table of Content:

Chapter 4 Kitchen Appliances Market Application Insights
4.1 Kitchen appliances market share by application, 2015 & 2023
4.2 Residential
4.2.1 Market estimates and forecast, 2012 - 2023
4.2.2 Market estimates and forecast by region, 2012 - 2023
4.3 Commercial
4.3.1 Market estimates and forecast, 2012 - 2023
4.3.2 Market estimates and forecast by region, 2012 – 2023

Chapter 5 Kitchen Appliances Product Insights
5.1 Kitchen appliances market share by product, 2015 & 2023
5.2 Cooking appliances
5.2.1 Market estimates and forecast, 2012 - 2023
5.2.2 Market estimates and forecast by region, 2012 - 2023
5.3 Refrigerators
5.3.1 Market estimates and forecast, 2012 - 2023
5.3.2 Market estimates and forecast by region, 2012 - 2023
5.4 Dishwashers
5.4.1 Market estimates and forecast, 2012 - 2023
5.4.2 Market estimates and forecast by region, 2012 - 2023
5.5 Others
5.5.1 Market estimates and forecast, 2012 - 2023
5.5.2 Market estimates and forecast by region, 2012 – 2023

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/kitchen-appliances-market-report

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street
Phone: 3028467766
Website: https://www.gminsights.com/pressrelease/kitchen-appliances-market-size

Source URL: https://marketersmedia.com/kitchen-appliances-market-size-2019-2023-industry-growth-business-statistics-report/88918227

Source: MarketersMedia

Release ID: 88918227

Latest News

Fijian leader urges Australia to do more on climate change

Sep 22, 2019

CANBERRA, Australia — Fiji's prime minister used a state visit on Monday to urge Australia to take more ambitious actions to slash greenhouse gas emissions, a month after differences on climate change policy created anger and frustration at a forum of Pacific island leaders. Voreqe Bainimarama, who was Fijian Military Forces commander when he seized power in a 2006 coup, said in a speech at the Australian Defense College that he hoped Fiji and Australia could "find more common ground" on climate change. "The steady deterioration in the state of the only planet we have means that we all need...

New Zealand gun buyback exposes emotions, possibly hustlers

Sep 22, 2019

WELLINGTON, New Zealand — Some New Zealand gun owners are upset they're being compelled to hand over their assault weapons for money. Others believe a government-imposed ban on certain semi-automatics following a March shooting massacre is the best way to combat gun violence. And The Associated Press has found that at least one man may have tried to swindle hundreds of thousands of dollars from the system set up to compensate gun owners. New Zealand is six weeks into an ambitious program to buy tens of thousands of guns from owners across the country. After a lone gunman killed 51...

New Zealand parliament speaker soothes baby as debate rages

Sep 22, 2019

WELLINGTON, New Zealand — The man who presides over New Zealand's parliament has been called a baby whisperer. He was in action again this week, gently rocking, bottle feeding and burping a colleague's infant as a lawmaker ranted about gas prices. Speaker Trevor Mallard held baby Tutanekai for about 15 minutes during a fiery general debate Wednesday after spotting lawmaker Tamati Coffey with his 6-week-old son. Mallard said Friday he's been trying to make parliament a more baby-friendly place by adding baby chairs, family rooms and soon, a slide. He's also increased the flexibility around family leave for lawmakers. New...

Australian court upholds sex abuse verdict of Cardinal Pell

Sep 22, 2019

MELBOURNE, Australia — An Australian appeals court Wednesday upheld convictions against Cardinal George Pell, the most senior Catholic to be found guilty of sexually abusing children, in a decision cheered by scores of abuse survivors and victims' advocates demonstrating outside the court. A unanimous jury in December found Pope Francis' former finance minister guilty of molesting two 13-year-old choirboys in Melbourne's St. Patrick's Cathedral more than two decades ago. The Victoria state Court of Appeal rejected his appeal in a 2-1 ruling, with the court's chief justice saying the majority found Pell's accuser to be a compelling "witness of truth."...

Pell's appeal pitted word of former choirboy against priest

Sep 22, 2019

CANBERRA, Australia — Cardinal George Pell's appeal against his convictions for child molestation was largely a question of who the jury should have believed, his accuser or a senior priest whose church role was likened to Pell's bodyguard. Pell's accuser was a 13-year-old choirboy when he alleged that he was abused by then-Melbourne Archbishop Pell at the city's St. Patrick's Cathedral in December 1996 and February 1997. Monsignor Charles Portelli was a master of ceremonies at the 11 a.m. Sunday Masses where the choir sang. A chorister in the 1990s, David Dearing, told police that Portelli, Pell's right-hand man, was...

Stock Markets

About Us

The Morning Herald is a fast news provider in the United States since 2005. Fiercely independent and armed with irreverent intelligence, there’s no other place to get your news other than The Morning Herald.

Contact us: sales[at]themorningherald.com

Subscribe Now!