|03-08-2019 12:47 PM CET - Leisure, Entertainment, Miscellaneous||
Kitchen Appliances Market Report 2019 Confirming this Industry to Cross $296.74 Billion by 2026- A Report by Whirlpool, Morphy Richards, LG, Havells, SAMSUNG, Philips, Haier, Hitachi and others
Press release from: Data Bridge Market Research
Kitchen Appliances market report is in-depth study on how the status is for the FMCG industry. This report includes a study of marketing and development strategies, along with the product portfolios of the leading companies. It also includes profiles of leading companies and brands that are driving the market with their recent developments, product launches, joint ventures, merges, and accusations. Kitchen Appliances report also gives a deep knowledge of market definition, classifications, applications, engagements and market trends while also showing the CAGR levels for the Forecast years 2019-2026. SOWT analysis is used to find the market drivers and restrains.
Global Kitchen Appliances Market is expected to rise from its initial estimated value of USD 172.97 billion in 2018 to an estimated value of USD 296.74 billion by 2026, registering a CAGR of 6.98% in the forecast period of 2019-2026. This rise in market value can be attributed to the increased levels of innovations and technological advancements activities adopted by the players in the market.
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Key Market Competitors:-
• Whirlpool Corporation
• Morphy Richards
• LG Electronics
• Havells India Ltd
• Koninklijke Philips N.V.
• Haier lnc.
• Panasonic Corporation
• BSH Home Appliances Group
• Hitachi Appliances
• Midea Group
• Miele & Cie. KG.
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Market Drivers & Restraints:
• Increasing levels of disposable income which has enabled a number of consumers to purchase the advanced and innovative products being presented by the manufacturers
• Cost of operation, maintenance and environmental impact associated with the working of these appliances
•Middle East & Africa
Global kitchen appliances market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of kitchen appliances market for global, Europe, North America, Asia Pacific, South America and Middle East & Africa.
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