|03-15-2019 12:50 PM CET - Fashion, Lifestyle, Trends||
CAGR 6.98% Kitchen Appliances Market to Grow at $296.74 Billion by 2026: Whirlpool Corporation, Morphy Richards, Havells India Ltd, Haier, Hitachi and others
Press release from: Data Bridge Market Research
Kitchen Appliances market report is a comprehensive study of the changes that the Semiconductor & Electronics industry is undergoing by the virtue of Kitchen Appliances market. The report covers all the information systematically, for instance, the CAGR values in the forecasted year of 2019-2026, the implication of the market definition, classifications, applications, and market trends and how to use these terminologies to get ahead of the competition.
Along with the company profiles of the key players and brands, the Kitchen Appliances report also covers the recent developments, product launches, joint ventures, mergers, and accusations. The market drivers and restraints are determined with the help of SWOT analysis.
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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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
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Key Market Competitors:-
•Havells India Ltd
•Koninklijke Philips N.V.
•BSH Home Appliances Group
•Miele & Cie. KG.
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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This release was published on openPR.
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