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
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
• Water Purifiers
• North America
• South America
• 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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