Know about Kitchen Appliances Market with Growth Factors, Latest Trends and Top Key Players: Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics,

According to a new report published by Polaris Market Research the Kitchen Appliances Market is anticipated to reach USD 340.9 billion by 2026. In 2017, the refrigerator segment dominated the global market, in terms of revenue. North America is expected to be the leading contributor to the global market revenue during the forecast period.

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The changing lifestyles and hectic schedules of the working professionals lead to growing demand for kitchen appliances. Consumers prefer kitchen appliances, which are easy–to-operate and facilitate faster cooking. Rising disposable income is one of the factors responsible for the growth of the Kitchen Appliances Market. Increasing propensity of consumers to spend on appliances to lead convenient lives has also resulted in an increased demand for kitchen appliances.

The other factors responsible for the growth of the Kitchen Appliances Market are convenience in fast cooking and healthy food consumption. Players in the market are launching cooking appliances which enable faster cooking while keeping the nutrients of food intact. Introduction of energy efficient cooking appliances equipped with multiple cooking functionalities are available in the market to cater to the consumers in the market. Moreover, the increasing trend of smart appliances would also encourage manufacturers to launch innovative kitchen appliances, which are compact and easy-to-use.

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The well-known companies profiled in the Kitchen Appliances Market research report includes Whirlpool Corporation, Robert Bosch GmbH, LG Electronics, AB Electrolux, Haier Group Corporation, Panasonic Corporation, Samsung Electronics, Koninklijke Philips N.V., Sharp Corporation. These companies launch new products and collaborate with other market leaders to innovate and launch new products to meet the increasing needs and requirements of consumers.

North America generated the highest revenue in the market in 2017, and is expected to lead the Kitchen Appliances Market throughout the forecast period. The high living standards along with high disposable income in the region encourage consumers to purchase kitchen appliances to simplify kitchen activities. The growing adoption of smart technologies and home automation systems is further expected to augment market growth in the region. Asia-Pacific is expected to grow at a significant rate during the forecast period owing to the increasing population and improving living standards.

TOC of Kitchen Appliances Market:
Chapter 1. Overview and Scope
Chapter 2. Executive Summary
Chapter 3. Market Insights
Chapter 4. Size and Forecast
Chapter 5. Dynamics and Segmentation
Chapter 6. Detailed Insight on Company Profiles
TOC Continued…...!!!

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