Kitchen Appliances Market (Covid-19 update) 2020 | Deep Analysis of the market with Top Key Players and Future Forecasts To 2027

The kitchen appliances market size was valued at $237.3 Billion in 2019 and is expected to reach $377.70 Billion by 2027, registering a CAGR of 6.0% from 2020 to 2027.

Kitchen appliances are cooking appliances designed for smooth easy cooking. Gas or electricity isused to operate kitchen appliances. These appliances are majorly used for cooking, storage, and cleaning functions within the kitchen. Electric kitchen appliance dominates the market; however, cooking fuel, renewable energy, and solar energy also play an important role for operating kitchenware appliances. Stove, refrigerator, and dishwasher are some of the major devices used in the kitchen. Theseappliances also comprise blenders, food processors, and coffee makers, usually designed for countertops. They are less expensive and used for specific cooking purposes. They are gaining popularity among the consumers owing to changes in lifestyles of people due to considerable increase in disposable income. Increase in demand for such appliance is narrowing the price gap of similar kitchen appliance offered by different companies operating in the market. In addition, technological advancements are expected to catalyze the growth of kitchen appliances in near future. Demand for easy and fast cooking appliance is expected to increase the overall demand for smart and efficient cooking appliances during kitchen appliances market forecast.

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Over the years, the global kitchen appliances market has been evolving in terms of its product offerings. The pervasiveness of wearable technology in various industries, has also affected the food processing technology sector. For instance, Breville USA, Inc. one of the key players in the global kitchen appliances market, has come up with smart oven that features smart element iQ system, LCD Display, and interior oven lighting, which are convention powered.

The global kitchen appliances market is segmented on the basis of type, user application, fuel type, product structure, and region. By type, the market is segmented into refrigerator, cooking appliance, dishwasher, and other minor appliances. By user application,it is bifurcated into household and commercial. By fuel type,it is categorized into gas, electricity, and others. By product structure, itis classified into free stand and built-in appliances. By region, it is studied across North America, Europe, Asia-Pacific, and LAMEA.

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Key companies profiled in this kitchen appliances industry includes Electrolux, Whirlpool, Samsung, Philips, Morphy Richard, Dacor, General Electric (GE), Life is Good (LG), Haier, Panasonic, and others.

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