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Kitchen Appliances Market 2018 Latest Trends with Top Manufactures- Dacor, Electrolux, Haier, LG Electronics, Morphy Richards, Panasonic, Philips, Robert Bosch Tool Corporation NA, Robert Bosch GmbH, Samsung Electronics, Whirlpool Corporation

10-23-2018 02:27 PM CET | Media & Telecommunications

Press release from: Global Market Insights, Inc

Kitchen Appliances Market 2018 Latest Trends with Top

North America is leading the kitchen appliances market owing to the penetration of electronics across the household. Asia Pacific is growing significantly due to the increasing disposable income of individuals in the region. The improved consumer consciousness towards energy efficient devices along with government directives towards dropping energy consumption has resulted in reduction in use of old products in Europe.

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The dishwasher market share accounted 15% of the kitchen appliances market revenue. There is a rise in nuclear families and the lifestyle of people has been changing over the years, fuelling the overall industry growth. Refrigerators contributed 40% to the overall kitchen appliances market. This is owing to the need of conservation of edible items in different temperatures. Technology developments to lessen the energy consumption, and its effect on the environment, along with smart operating features will constantly drive the industry growth. The cooking appliances market is also growing due to the increased convenience provided by this platform.

By product
• Refrigerator
• Cooking Appliances
• Dishwasher
By application
• Commercial
• Residential

Commercial kitchen appliances market was valued at USD 65 billion in the year 2015. The increasing demand in the hospitality sectors such as hotels, food line businesses are the reason behind the expected growth.

Increased user-friendly portfolio of appliances such as advanced pressure cookers, toasters, blenders, mixers, microwaves, and portable coffee makers will strengthen the cooking appliances market demand from 2016 to 2023.

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Europe kitchen appliances market share will grow at 4.5% CAGR from 2016 to 2023. Increased consumer awareness towards energy efficient products along with government mandates towards reducing energy consumption has resulted in phasing out of old products.

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The regulatory bodies around the globe have set certain electricity standards which are to be strictly followed by the manufacturers. These regulations are majorly regarding the environmental concerns and are set keeping in mind the environmental hazards caused by the devices.

Key players in the Kitchen Appliances Market include Dacor Inc., Electrolux, Haier, LG Electronics, Morphy Richards, Panasonic Corporation, Philips, Robert Bosch, Samsung Electronics, Whirlpool Corporation.

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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.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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