Kitchen Appliances Market to Garner $253.4 Billion - Comprehensive and Competitive Analysis of Leading Market Players - Electrolux, Whirlpool, LG, Dacor, Samsung, Morphy Richard.

With respect to user application, the household segment accounted for the larger market share. The market has also been analysed from the perspective of fuel type. The gas appliances accounted for a major part of the kitchen appliances market, followed by electric appliances. The demand for electric appliances market is forecast to grow at a relatively higher rate compared to the gas operated appliances.

Kitchen Appliances Market report, published by Allied Market Research, forecasts that the global market is expected to garner a revenue of $253.4 billion by 2020, registering a CAGR of 6.4% during the forecast period 2014 - 2020.The growth of the kitchen appliances market is supplemented by rising disposable incomes, changing lifestyles, increasing health concerns and the growing food and services industry. The kitchen appliances market primarily includes refrigerators, cooking appliances, dishwashers and others. The other category includes coffee maker, grinders, kettles and etc. The refrigerator market contributes for a larger market share in the global kitchen appliances market.

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Although major portion of kitchen appliances are operated by electricity; cooking fuel, renewable and solar energy also play an important role in the operation of kitchen appliances. Stove, refrigerator and dishwashers are some of the major devices used in kitchen. Kitchen appliances also comprise of minor appliances such as blenders, food processors, coffee makers, usually designed for countertops. These appliances are less expensive and used for some specialty purposes.

Kitchen appliances are gaining popularity due to the rising disposable income and changing lifestyles of people, which in turn is narrowing the price gap between similar consumer products offered by different companies. In addition to this, technological advancements in appliances have also catalyzed the growth of kitchen appliances market. Easy and functional appliances are the need of the hour, which has led to the development of smart and efficient appliances. The massive energy consumption of kitchen devices is a major concern for the market.

The global kitchen appliances market is segmented based on types, user application, fuel type, product structure and geography. By type, the market is segmented into refrigerator, cooking appliance, dishwasher and other minor appliances. The user application segment includes household and commercial applications. In terms of fuel types, the market is segmented into gas, electricity and others. Other fuel type include solar energy, renewable energy, fuel wood, and biogas. By product structure, market is divided into free stand and built-in appliances. A study with respect to region is conducted to perform in-depth analysis of kitchen appliances across various geographies. The regions examined are North America, Europe, Asia-Pacific and LAMEA.

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Increasing health consciousness, technological advancements, increasing disposable income, energy consumption, adoption of smart appliances and balance between low price and high quality are the major impacting factor for the global kitchen appliances market. Along with these factors, the global market also depend on consumer awareness and performance of kitchen appliances. All these factors collectively contribute towards the market growth, while some of them limit the market growth.

Growing working class population paired with increasing trend of fast food consumption has led to increased health concerns among customers. Nowadays, demand for kitchen appliances that cooks food easily with less oil content has increased, in turn positively effecting the demand for smart kitchen appliances among consumers.

Demand for smart kitchen appliances has increased over the past few years. Technological advancements have influenced the demand for up gradation of kitchen appliances, thereby enabling smooth and reliable productivity while cooking.

LIST OF FIGURES

FIG. 1 TOP IMPACTING FACTORS, BASE CASE (2020-2025)
FIG. 2 TOP IMPACTING FACTORS, OPTIMISTIC CASE (2020-2025)
FIG. 3 TOP IMPACTING FACTORS, CRITICAL CASE (2020-2025)
FIG. 4 TOP IMPACTING FACTORS
FIG. 5 TOP INVESTMENT POCKETS
FIG. 6 TOP WINNING STRATEGIES IN KITCHEN APPLIANCE MARKET
FIG. 7 GLOBAL KITCHEN APPLIANCES MARKET VALUE CHAIN
FIG. 8 MARKET SHARE ANALYSIS, 2013
FIG. 9 PORTER’S FIVE FORCES MODEL
FIG. 10 REVENUE GENERATED BY PHILIPS, 2012 – 2014, ($ MILLION)
FIG. 11 PHILIPS FINANCIAL REVENUES (2014), BY OPERATING SEGMENT (%)
FIG. 12 SWOT ANALYSIS OF PHILIPS
FIG. 13 REVENUE GENERATED BY PANASONIC, 2012 - 2014, ($ MILLION)
FIG. 14 PANASONIC FINANCIAL REVENUES (2014), BY OPERATING SEGMENT (%)
FIG. 15 SWOT ANALYSIS OF PANASONIC
FIG. 16 REVENUE GENERATED BY WHIRLPOOL, 2012 - 2014, ($ MILLION)
FIG. 17 SWOT ANALYSIS OF WHIRLPOOL
FIG. 18 REVENUE GENERATED BY ELECTROLUX 2012 - 20114, ($ MILLION)
FIG. 19 SWOT ANALYSIS OF ELECTROLUX
FIG. 20 REVENUE GENERATED BY BOSCH, 2012 - 20114, ($ MILLION)
FIG. 21 BOSCH FINANCIAL REVENUES (2014), BY OPERATING SEGMENT (%)
FIG. 22 BOSCH FINANCIAL REVENUES (2014), BY GEOGRAPHIC REGIONS (%)
FIG. 23 SWOT ANALYSIS OF BOSCH
FIG. 24 REVENUE GENERATED BY HAIER, 2012 - 20114, ($ MILLION)
FIG. 25 HAIER FINANCIAL REVENUES (2014), BY OPERATING SEGMENT (%)
FIG. 26 SWOT ANALYSIS OF HAIER
FIG. 27 REVENUE GENERATED BY LG, 2011 - 2013, ($ MILLION)
FIG. 28 SWOT ANALYSIS OF LG
FIG. 29 REVENUE GENERATED BY SAMSUNG, 2011 - 2013, ($ MILLION)
FIG. 30 SWOT ANALYSIS OF SAMSUNG
FIG. 31 SWOT ANALYSIS OF MORPHY RICHARDS
FIG. 32 SWOT ANALYSIS OF DACOR

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