kitchen appliances market | LG Electronics, Whirlpool Corporation, Haier, Samsung Electronics, Robert Bosch GmbH, Panasonic Corporation, Philips, Electrolux

Commercial sector, which contributed over 35% to the overall kitchen appliances market share in 2015, is expected to grow considerably over the period of 2016-2023. Booming food line business along with rise in the number of fast-food restaurants across the globe are expected to be the key growth drivers. Residential sector is yet another growing application area, projected to create numerous growth opportunities for kitchen appliances industry over the coming timeframe. As per the research study, residential applications are likely to grow at a rate of 4.3% over 2016-2023, driven by changing consumer lifestyles along with the introduction of new technologies resulting in large scale production of energy & cost efficient kitchen appliances.

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Emergence of smart technologies such as IoT (Internet of Things) and effective distribution channel functioning will boost kitchen appliances market growth in the near future. Growing use of eco-friendly kitchen appliances and rise in spending capacity of the consumers is expected to influence the industry trends over the coming six years.

Rising popularity of smart grid connected dishwashers and refrigerators has significantly reduced the power consumption, thereby supporting the industry growth. Escalating need for new technologies due to rise in fuel costs is expected to drive kitchen appliances market size over the coming timeframe. As per Global Market Insights, Inc., research study "Kitchen appliances industry size is expected to hit USD 250 billion by 2023."

The rising concerns pertaining to the environment and optimum energy utilization has boosted the demand for gas appliances, which holds a major share in the kitchen appliances market. Refrigerators, which are the most common yet vital part of the kitchen also contribute towards a noticeable share of this market. The global refrigerator market is forecast to surpass a revenue of USD 105 billion by 2023
Companies will try to increase their ROI through product innovation and manufacture of high quality as well as cost-effective products. Key industry participants include LG Electronics, Whirlpool Corporation, Haier, Samsung Electronics, Robert Bosch GmbH, Panasonic Corporation, Philips, and Electrolux.

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Table Of Content:
Chapter 3 Kitchen Appliances Industry Insights
3.1 Industry segmentation
3.2 Industry Size and forecast, 2012 - 2023
3.3 Industry ecosystem analysis
3.4 Industry Impact forces
3.4.1 Growth drivers
3.4.1.1 Product innovation
3.4.1.2 Growing demand for induction technology
3.4.1.3 Changing consumer preferences
3.4.2 Industry pitfalls & challenges
3.4.2.1 High cost
3.4.2.2 Growing ready-to-eat food industry
3.5 Growth potential analysis
3.6 Porter's analysis
3.7 Competitor landscape, 2015
3.8 PESTEL analysis
Chapter 4 Kitchen Appliances Application Insights
4.1 Kitchen appliances market share by application, 2015 & 2023
4.2 Residential
4.2.1 Market estimates and forecast, 2012 - 2023
4.2.2 Market estimates and forecast by region, 2012 - 2023
4.3 Commercial
4.3.1 Market estimates and forecast, 2012 - 2023
4.3.2 Market estimates and forecast by region, 2012 - 2023

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